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Passive Residual Income Is The Best Type of Income
Category: MLM
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.
Why would you want to and trade your day for a dollar, when you can make money in your sleep? It’s a different game that you are playing, and you make the rules. The fact is that there is more than one way to make a dollar. You have to be savvy and willing to recognize the three ways that you can earn money.
So, in order to achieve great success working from home, you must first understand the difference between Linear Income, Leveraged Income & Passive Residual Income. Let’s take a look:
Income Type #1 or Linear Income, is trading your time for money, literally. This kind of income is made most often by working a job. This is true whether you are a ditch digger, or even if you have a government job. You are limited in income based on how much time you have in the day. To make your money, you must go to work, no doubt about it.
Income Type #2 or Leveraged Income, is a little better than Linear Income, but still not that great, because your income is based on the efforts of those who earn linear income. This is where you can get paid from the work of others, like being a small business owner or a manager, however, leveraged income does not offer real security, because linear income employees, can quit, find a higher paying job or start their own competing business.
Income Type #3 or Passive Residual Income is a perpetual income that takes your finances to new levels of success. IF you stop working, it keeps working for you in the background. For a home based business, this is perfect. In this level of income, you look for opportunities where everyone has the same exact opportunity to gain based on their effort. Xango is a good example of this income, because of the down line commissions from repeat purchases of a consumable product, the mangosteen juice. You will make commissions for years, and even decades. It takes on a life of its own.
Think for minute. What income type best for your finances? I like the passive residual income because you don’t just get paid once, but you get paid from now on. What is not to like about that? This doesn’t mean that you don’t work; it just gives you the freedom to choose.
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