Sunday, May 25, 2008

Passive Residual Income Is The Best Type of Income

By Dan Chan

Are 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.

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.

Let's examine the three types of income. They are linear income, leveraged income, and passive residual income. let's break it down:

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 the income that allows ordinary people to achieve extraordinary success in a Home Based Business, because every distributor has the same exact opportunity to gain. This means that anyone, regardless of where they live, how old they are, or what their experience is, can earn as much or as little as they like, based on their own commitment and effort. Passive Residual Income is income that pays on the efforts of others, but comes from the repeat purchases of a consumable product, like XanGo, which people order month after month out, for years, oftentimes, even decades.

Think for minute. What is best for your business? Get paid once or get paid forever? This is also the kind of income that grows each month a little bit more and allows people to live without financial limits. Imagine doing what you want, with whom you want, for as long as you want. Wouldn't this be the best type of income?

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