The Three Types of Income
Posted on Sunday, May 25, 2008 at 12:21 pmAre you interested in gaining a great deal of wealth? But even more, there is a better way. There is a freedom that can be gained, by opening our eyes to the way we make income. It will take transitioning from an everyday method of making income, to a better way of making income.
It does not mean having to wake up to an alarm clock every morning, jumping out of bed and trading your time for dollars, only to rush off and make someone else rich. Its a different game that you are playing, and you make the rules.
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 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 still the optimum way to make money. This is because your income is based on the efforts of those who earn linear income. A good example is a small business owner with employees. Leveraged income does not offer true security, because linear income employees can quit, find a higher paying job, or even become your competition.
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.
just ponder the thought for a minute.. What kind of income, do, you will make? I don’t know why anyone would want anything else, but a passive residual income. Do you want to get paid for your time or do you want to be part of a perpetual moneymaking machine? Financial freedom is what we are talking about.




