Linear Income vs Residual Income!

Have you heard about linear income and residual income? Sometimes we have an idea but don’t know how it works.

The difference between the 2 is

More than 90% of people around the globe are accustomed to the source of linear income revenue meaning you trade time for money.  This is not the way to freedom because you need to keep up working to get financially free.

The minute you stop working the money stops coming in or if you want to make more money you need to work more hours but we have only 24 hours a day and we are limited.

On the other hand, residual income revenue is different. It is the most powerful and profitable source of income. If you want to become rich it is the way to go. It isn’t based on the time you do It made on the effort of your business partner’s team altogether with less time.

It is not a ” get-rich-quick ” it requires determination, effort, especially at the beginning because we often go against the flow and people don’t always believe in you.

Advantages & Disadvantages

In linear income such as people with regular jobs and self-employment don’t have any leverage from their job.

YOU + JOB = INCOME         TIME =  $
Some of the people who have higher position make more money but if they stop working their revenue starts decreasing because you can count on you only.

With this type of income, you don’t have time for personal freedom but of course, it is up to us to choose how we want to live our life.

In residual income such as business owner + network marketers.

YOU x PEOPLE   =  INCOME            PEOPLE  =  $$$

As for Investors, they have the money working for them even if they are not there because they have passive income from the work they have done years before. You have writers, songwriters, real estate investors who have their money to work for them.

Passive Income  =    $$$ =  $$$$$

The great advantage is they have the freedom to work when they want and take a vacation as needed and don’t need the boss to tell them what they should be doing.

As opposed to linear income when you go home and it is over but for some people, it is an advantage because they don’t have responsibility.

In the end, it is up to us to decide what to do with our life but it is something to keep in mind

Do you want to learn how to scale your business?  Complimentary training!

Please, comment & share if you like it.

Have a nice day!
Gaétane
www.gaetaneferland.com