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If you want to work less, earn more money, and have financial security, you have to create multiple streams of income.  Three common types of income are linear income, leveraged income, and passive or residual income.

Linear income is what most of us are familiar with in corporate America.  This is "one time" compensation or payment in the form of salaries, commissions, fees or wages.  Linear income is directly proportional to the number of hours worked.  

Examples:
1. $8/hour cashier at local drug store. Works 40 hours/week and receives 40 hours of pay.
2.Salaried employee – receives a set salary.  Does not earn more money by working more hours

Leveraged income leverages the work of other people to create income for you.  

Examples:
1.a network marketer who builds a downline and receives commissions on the sales made by marketers in his/her downline
2.A general contractor who makes a profit on the work done by sub-contractors he/she has hired

Residual income is a source of passive income that continues to be generated long after your initial efforts have ended.  It keeps coming month after month, year after year, from work that you do just once.  

Examples:
1.A marketer in a network marketing company who receives income from his/her direct customers when they reorder consumable products every month
2.Actors receive residuals each time their movie, TV show, or commercial is run.
3.Letting an oil company drill a well on your property in exchange for a percentage of the profits.

I'm privileged that I currently have a job in corporate America where I earn linear income.  However, I realize I need to have additional revenue sources because in today's economy, there is no such thing as "job security."  I'm fortunate that someone recently told me about the Trump Network.  By joining the Trump Network, I'm now earning leveraged income as well as residual income.  I'm happy to report I now have three streams of income and am securing my financial future.

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Member Comments

    • 0 votes vote up vote up

      Dana Cappelletti wrote May 4, 2010
    • congratulations.  I heard Mark Victor Hansen author of Chicken Soup for the Soul, in an interview with Steve Scott of Max International talk about the importance of diversifying your income just like you do your investments.
      In his words if you are not in a network marketing company- you should be.



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    • 0 votes vote up vote up

      Rose Nino wrote May 4, 2010
    • Congrats Trump! heartheart  

      I could not agree more. I am so happy to earn the kind of residual income that just keeps coming and coming, whether I’m working or on vacation, or sleeping, etc. estaticheart I also believe there is no better investment that one can make than in one’s health. Of course, I’m biased because of my success with both my health and wealth. To shed pounds and inches and see IMMEDIATE results and get your health back after years of struggling including those horrible feelings of desperation, blues, sadness, and other health issues), and it’s meal replacement AND comes with a money back guarantee, AND to want to help others achieve the same success, because I know if I can do it, anybody can...it’s a win, win!! If you have not already looked into an opportunity, whether it’s health, jewelry, makeup, etc or whatever it is that you can be passionate about, you owe it to yourself to do so.  

      estaticheartheart



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