Create Passive Income
Did you know that there are 2 types of income in this world?
The first type of income is the Active Income also known as Linear Income. This type of income is common to the 97% of the people in our economy. These are employees working in companies and usually they have boss. The amount of income in this is very limited. Usually you trade your time to earn money and if you want to earn more you need to work more. When you stop WORKING your INCOME will also stop.
The second type of income which I really like is Passive Income. The reason why I really like this type is you can earn money while you are sleeping. Common passive income usually come from rental / real estate income, copyright, business, membership fees, investments, and network marketing opportunities. “Network marketing is a great profession today because you teach people how they can achieve their dreams in life and experience the financial independence they wanted”. You can also leverage the internet by doing Internet Marketing Business and earn exponential income. All of these you can achieve if you have the proper knowledge and skills.
In this type of income you are also trading time to earn money but thru the efforts of other people and this is the common secret of the wealthy people in the Philippines like Henry Sy, Lucio Tan, Manny Villa and many more. This type of income is also known as Leveraging or Residual Income or Lifetime Income.
As much as possible learn to have Passive Income if you want Financial Freedom.
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