Income From Work is Known as Lineal Income!

Income from work is the hardest money you will ever have to make. It takes considerable time out of your day to make enough money to survive. But what is funny about working for money is that it seems the more money you make at it, the more money you spend. You always seem to have just enough money to survive each month, no matter how much money you make.

As long as you show up for work every day that you need to be there and as long as you do a good job at it, you can count on your money coming in every month. An advantage of this is that you can use this known variable to calculate a budget to help prepare you for a future of building wealth. This advantage of using your income from work to pay off liabilities and start purchasing assets can help you transition to the passive income side of the income classes.

A serious disadvantage of income from work is that if you stop working, your income stops. This, as you can possibly imagine, can seriously jeopardize any chances you may have at succeeding because you will not be able to pay your bills and you will not be able to purchase more assets.

The best thing about opening up passive income sources is that once the source of income is established, it never stops. Yes, you can have minor bumps in the road here and there from known variables such as damages or bad renters, but a passive income generally does not stop even though you may have to stop working for a few weeks due to illness or a family emergency.

Income from work can help you set up for building wealth, but you will eventually have to let go of the job mentality in order to truly succeed. Even if you are self-employed, to truly set yourself free, you must eventually transition your self-employment to a business structure so you can walk away from it any time you want without hurting the income coming in.

The opposite of income from work is know as income without work or passive income. Learn as much as you can about income without work and income from work so you can know where to set your priorities when striving for success.

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