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| Saturday, December 02, 2006 | |
Realizing that the rich get richer by setting up leveraged income, let’s look at this for the moment: in the workforce we consider “being promoted” as earning more and working less. With this mindset today, if you want to earn more and work less you’re going to have to start creating income that does not require your direct involvement -- leveraged or residual income!
Leveraged income differs from linear income (the money you make by working 40 hours in exchange for a paycheck). Doctors and lawyers earn a higher linear income than say, a salesman or pizza chef. But in fact we all have a maximum of 24 hours a day which limits the amount of money even professionals can personally generate. They can up their hourly fee but if suddenly they are unable to work their cash flow stops too.
Linear income is trading your time for money. Leveraged income is your money working for you. With the right business you set in motion a chain of events that duplicates your income over and over again. In the perfect scenario this continues without end.
To have Leveraged-Income-For-Life, read my free eBook as I take you by the hand and coach you all the way to $500. over and over again. Download your copy now.
Prepare for retirement now or find yourself saying, “Welcome to Wal-Mart.”
http://thepermanentventure.com/InternetSuccess.pdf
Posted on 12/02/06 at 10:02:46 by Esther Smith
Category: Marketing
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