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Linear Income Versus Residual Income
What’s the difference between Linear Income and Residual Income?
Linear income is related to the number of hours you work. If you work 30 hours you get paid for 30 hours. Basically, you are trading time for money, when you stop work, your income stops, this type of income you have to show up to work to get paid.
More than 90% of people in the world are accustomed to this type of income.
A residual income is a very profitable source of income that keeps coming in and you don’t have to be present to earn it.
It can be in the form of royalties from books, ebooks, movies, songs, affiliate sales. Residual income from network marketing which grows as you build a team and rent received from a property you let out etc.
Which type of income would you prefer to receive?
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