The Three Types of Income
For most people, achieving success in home based business means a lot more than just earning more money. It also means more time freedom, more relationship freedom and a better lifestyle. It means paying off the bills, getting out of debt and having more peace of mind. It also means having money flow into your bank account every single month, whether you work or not.
Think about it for a little bit. Are you one of the people who work the nine to five, trading your time for money? It is almost like you run on a hamster wheel. Always turning the wheel but never getting anywhere. Don’t you want a change?
First thing you need to do is learn what the three types of income are. They are Linear Income, Leveraged Income & Passive Residual Income. Let’s take a look at each one in detail:
Income Type #1 or Linear Income is money you make only one time. It is most often generated by working at a job. When you work, you get paid. When you do not work, you do not get paid. It is pretty straight forward. The majority of people survive using this first type of income, and have no choice but to work until social security kicks in.
Income Type #2 or Leveraged Income, is a little better than linear income, but It’s still not the best option. This is because your income is built on the direct sales efforts of those who earn linear income. a good example of this is the small business owner, who is paid off the efforts of others. This is great in many ways, but it doesn’t offer a real security. Linear income employees can quit, find a higher paying job, or even become your competitor.
Income Type #3 or Passive Residual Income is the income that allows ordinary people to achieve extraordinary success in a Home Based Business, because every distributor has the same exact opportunity to gain. This means that anyone, regardless of where they live, how old they are, or what their experience is, can earn as much or as little as they like, based on their own commitment and effort. Passive Residual Income is income that pays on the efforts of others, but comes from the repeat purchases of a consumable product, like XanGo, which people order month after month out, for years, oftentimes, even decades.
Think for minute. What is best for your business? Get paid once or get paid forever? This is also the kind of income that grows each month a little bit more and allows people to live without financial limits. Imagine doing what you want, with whom you want, for as long as you want. Wouldn’t this be the best type of income?
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