Linear Income is Working Hard for Your Money!
Linear income is the type of income you do not want to have coming into your budget. This income type requires the most effort in the form of manual labor, takes the most time away from you, and gives you a very limited income. In other words, if you have a job or are self-employed, you have this type of income coming in. Can you earn a lot of money linearly? Yes, but you are limited in how much you can earn. Part of the reason why you are limited is because you are being paid by other people who are striving to be very wealthy when you have a job. Or, you are limited by only having twenty-four hours in a day hindering you in the amount of people you can serve in a day if you are self-employed. When it comes to building wealth, this type of income is not the way to go. If you are ever away from work or can not serve other people while self-employed, you will stop receiving income. What happens when your income stops? You must dip into your savings (if you have any) in order to survive financially. In the present day economy, as bleak as it is, you are even lucky to have a job. If you don't have any other type of income, such as passive income, feeding your budget, you will find it near impossible to survive. Learn more about linear income and different ways you can use your income from work to your advantage if that is all you have right now.
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