Understanding The 3 Types of Income


There are 3 types of income you can earn. There are 3 separate categories, and only 1 can set you free. It comes down to time and money freedom.

Most people either have lots of money and little free time, or lots of free time and little money. Having both time freedom and money freedom is rare.

It's rare because people spend their entire lives trying to work harder and harder in a job, for a boss they don't like, and never manage to get ahead. They think working harder on their job is the answer, but they're barking up the wrong tree! If instead they focused their hard work (even in their spare time) on a different type of income they could probably have retired years, even decades, before they did.

And then there are the rich. They seemingly have it all. They have abundant cash, and spare time with which to enjoy it. They usually have an ongoing source of income that pays for their lifestyle without them having to go to work.

So What Makes The Difference?

The real secret of the rich is that one source of income isn't really more difficult to build up than another. It all comes down to where you focus your time and effort.

1. The first type of income is The One Time Sale, or contract/freelance work.
You complete the job for the client and get paid. It's not a regular job, and you need to line up many different clients in order to make a good living. This is usually the income of the self-employed worker.

2. Linear Income.
If you work in a job this is your income-type. You get paid if you're there working, and the money stops if you decide not to turn up. Even if you are in a very high-paying job, you still only get paid when you are actually working. This type of income is actually the least secure of them all because you are not in control. The company can get rid of any employees at any time, leaving you stranded with no source of income.

A rich person would never put up with such a lack of control, which is why they choose option 3.

3. Residual Income.
Residual income is the most powerful of the 3 income types. "Residual income" means you will continue to get paid long after you stop working, which gives you the power to greatly increase your free time, or focus on sky-rocketing your earnings. Or both!

An example of residual income would be books sales for an author, or rent payments for a landlord, or profits from a self-running business.

It seems like residual income is out of reach for most people, unless they have super talents to write bestselling books or invest heavily in property, or hire staff.

But with the many legitimate home businesses now offering residual income opportunities, like Herbalife International, it no longer makes sense to remain stuck in a job you hate.

Do the work one time, get paid repeatedly. Claim the royalty payments your home business can generate!

And the best part is, with a home business, you get to work as part of an existing team and follow successful advice. So you're not left to figure things out for yourself.

Mix your income sources, and learn the lessons of the rich!

If you are just at the point of considering whether or not Direct Sales or Home Business Marketing MLM is something that you can do and make money at it, you need to do some research before you make any decisions.
There are some great Home Business Marketing MLM opportunities in the nutrition direct sales industry.
Get a free report about creating a home based business or even a no-obligation personal consultation with Warren Tattersall when you visit https://www.thehealthsuccesssite.com

To have a free personal consultation with Warren just email warren@TheHealthSuccessSite.com to request a personal one-on-one consultation by email or phone.

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Distributors Update form.

Back-to-Directory BACK TO “Your Health Online”
the A to Z directory of dealing with Health Problems & Self Care Strategies for natural remedies to your health issues.

Subscribe to get your weekly "Health Success Magazine" with a new complete & comprehensive Health Report in every edition!


to “Your Health Success”
our weekly F’R’E’E’ Newsletter

If you would like a free no-obligation private consultation or to contact Warren Tattersall for more information, please click here >> Contact Us

We wish you well in your search for healthy diet solutions and your movement towards better health in all areas.



You will find many assorted Health Reports available for download free to you on this website!

Our free Health Success Reports are each available for you to download when you subscribe to receive them and their 7 part eCourse.

You can unsubscribe at any time, but we are sure you will want to receive all the email lessons of these informative ecourses.

Read more HERE to select the REPORT subjects of most interest (or concern) to you.