Hello fellow steemian, yesterday i wrote about salary and i explain various type of salary. Today i want to talk about RESIDUAL INCOME. Enjoy. Remember to always upvote, resteem and comment. Thanks.
What is Residual Income?
Is the type of income you keep getting after you might have stop working. You work once, and it keeps paying you over and over and over again even AFTER you have stopped working.
Whether it's magic salary, amnesia salary or onion salary, the moment it STOPS coming, your life becomes unbearable.
Financial LITERACY is the tool needed to TRANSFORM your salary into a RESIDUAL INCOME, so you can create financial freedom and time freedom.
ONLY YOUR INVESTMENT can keep you going even after all the onions, amnesty, traveling, active salaries have left you drenched.
Research has it that the poorest group of people in the world are Salary earners, next to beggars.
They live in a vicious cycle of poverty managed on 30 days. Salary is continuously being awaited every month and any slight delay brings about heartbreaking anxiety, pressure and disappointment. Salary Is a short term solution to a life time problem. And it cannot solve your money problems. You need multiple Sources of income to balance.
The tax returns form contains about 11 income streams, salary is just one. Don't live Your Life fishing with just one hook, there are many fishes in the ocean. Salary is the MEDICINE for managing POVERTY, not the CURE. Only your BUSINESS or INVESTMENT Cures Poverty. Most investors are not salary earners.
The difference between those beggars on the street and salary earners is one month's salary. Truncate the flow of their salary for one month and you would realize majority belong to the lower class. If you divide your salary by the rate of exchange, you will discover that you are poorer, relative to when you started work. Or divide your salary per annum by 2,000 hours to know what your one hour is worth. If you do not have 3 months salary in savings, you are already poor.
Being a salary earner is a mentality, break it! Your worth Is far more than your salary. Monthly pay Is the value someone has put on your effort, How much do you value yourself? You can't increase in value, unless you VALUE yourself differently. Life Is a trade off between time, effort and reward. To be rewarded more, you have to become more valuable.
Most salary earners end up poor in the long and short term. Salary is the bribe they gave you to forget your dreams. I therefore urge every one of us to be FINANCIALLY INTELLIGENT, FINANCIALLY LITERATE and TRAIN OUR EYES TO SEE OPPORTUNITIES IN PROBLEMS. Delve into entrepreneurship because Salary is a lifetime disappointment.
Being a salary earner or investor is a decision. Life Will not change until you decide. Do that now. Thanks for reading. @tybello. Pls Upvote, resteem and comment below. Thanks.
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://steemit.com/salary/@detycoon/what-is-your-salary-the-painful-truth
Col
ok.
You try for the cat look
Good to know
Wonderful. Thanks f
or the vote.
Kool
Residual income is my favourite
you got something here. Resteemed because I learned something. I challenge myself to make at least a small change in line with what you wrote. I want to peek at all those other lines on my tax form. To see what I've been holding myself back from. Thanks!
No thanks:
-Alimony Received
-Unemployment Compensation
-Social Security
-Farm Income
Considering
-Business Income
-Capital Gains
-Dividends
-Business Income
-Rental Real Estate