Becoming Your own boss sounds quite risky, right? But, how do you spend your time is more important than trading your time working every day or how do you spend your money.
You can always make more money. And there are infinite ways to make money in today’s digital world.
You can never get your time back. You can never make more time for your friends and family, which is most important.
If you examine the greatest difference between the wealthy and the poor, it is how they spend their free time. The truth is that the poor work and trade their time for money and the wealthy have money works for them – they have cashflow.
That is why I wanted to ask you: How do you spend your free time? Working a full-time job and waiting for vacation, having less time?
There is an abundance of opportunities out there to utilize the Internet learning new skills so You can create that cashflow- passive income. I wanted to share 3 types of income and it´s your choice which income you want to have.
Here are 3 types of income:
1. Earned Income = Income from a job.
Earned income is any income from a job or self-employment. Income from investments and government benefits is not considered earned income. Understanding earned income is any income you receive for work you have done, for tax purposes, either for an employer or a business of your own.
2. Portfolio Income = Income from paper assets or capital gains.
Portfolio income is money received from investments, dividends, interest, and capital gains.
3. Passive Income = Income comes in on a regular basis.
Passive income can be generated by purchasing something called an asset. The asset is something that produces income, puts money in your pocket. For instance, the three assets are business, real estate, and paper (meaning stocks, bonds, and mutual funds).
Passive income is income which you, as a reader, can consider if you want more time for yourself, family, and friends.
What I´m saying seems probably confused to You as a reader, but the crucial education in Your life is Your own education – financial education by Yourself, not how the school learned You.
I didn´t even know I could earn different types of income before! Until I joined the Six Figure Mentors, the home-based business platform which helped me to build this website without any tech skills or prior experience. I´m happy to share FREE VIDEOS below.
So if You´re struggling with working long hours, looking for new opportunities, here is the catch… From the above added, You can follow the simple step by step process to turn Your interest into a PASSIVE income and create a life and business that you truly DESIRE!
Time is not money, it´s much more,
SFM Essential Member