Decide for a residual income stream.

We all have the same amount of expendable hours (twenty-four) in a day. What do we do with our time? What are the options available with us? We can use it to trade it with our employer in exchange for dollars? If we do so, we are creating what is called linear income. This is a barter trade-like exchange; you work an hour and you get paid for an hour’s worth of work based on your market worth. Linear income will keep us in the same financial class in which we are presently in. It will not create wealth for you or give you enough money for investing or securing future of your family.

Therefore, you should plan for another stream of income, called residual income. This kind of income pays you over and over again for work that is done once. The famous concept is that of “MULTI LEVEL MARKETING”. Where you are on top, selling a product and you create a team under yourself who works for you. Or you create a business and franchise that business and get a royalty money or like a singer who receives royalty for songs they record one time. Each time a consumer purchases that artist’s songs, the artist receives royalty income from that purchase. Therefore, if you are in North America either by default or through your choice, the choice is yours. Whether you want to trade your time with an employer or employee yourself and people to work for you. Remember that time is of essence. The famous saying is “TIME IS MONEY”. So, use your time diligently, to Decide your Destiny with Determination, Dedication, and Devotion

The money that is available to wealthy is used in reinvestment into properties, stocks, and they plan for starting a new business. Therefore, the wealthy make their money work for them through leveraging on their money and time.