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IS YOUR INCOME PASSIVE OR ACTIVE?

08 Apr

I would like to start this post with the definition of a few terms. Active Income: active income as the word goes means, income earned when you work either for yourself, the government or a private entity. The idea is based on the fact that your income seize coming when you don’t work. Passive Income: this is the income you earn without actively involving yourself in any kind of job or employment. It could be as a result of the interest on your bank account, rental income, royalties, and dividends or from your own personal income. The present world situation is one that is full of uncertainties, insecurity and fear. Issues like economic recession, economy bailout, austerity rules, and the most recent threat of government shutdown in the USA. One would begin to wonder how the bustling that once characterized the nature the worlds’ economy disappeared. People have lose their jobs anyhow, company’s retrench workers in other to survive, some others that could not manage the period shut down, and governments go bankrupt. One would ask which other source of income could be more ideal to help curb the influence of this changing world. Active income has failed many who depend on it for survival because they have become victims of circumstance resulting from economic recession, bankruptcy et.al. The latest to occur being the threat of a possible shutdown of the USA government – being the largest economy in the world, means the effect will be massive. I wonder how many people’s allowances will be unpaid pending when the issues will be resolved. What will happen to those whose lives are dependent on those allowances; what will happen to those low income earners and those devoid of any savings? Hence, it becomes imperative for people to review their income options and channels. This is the only option that can help one escape this sort of situation. Being dependent on government pay, an employer’s salary et al could be disastrous. People complain about rising unemployment rate. More graduates leave schools every year without the creation of viable option for survival and sustenance of the economies. There is only one way to achieve economic freedom and that way is through passive income and this way alone is able to create millions of jobs in the nearest future. Now let me ask you, will you wait until you’re confronted with this sort of situations before you look for an alternative? The ball is in your court. It’s now or never. Look for the black goat while its day, night comes when you cannot differentiate the black goat from thick darkness. Confused about what to do next? Let me help you. Federico Mahora Perfumed Products – you can get registered as a distributor and start making money by distributing the range of perfume products and referral bonus and compensation: my link http://www.fragrances.fm/show/?g=261018 watch this testimonial about FM Product @ http://show.fragrances.fm/?g=261018),

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Posted by on April 8, 2011 in Motivation

 

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