Linear Income Versus Residual Income: Your Choice.

You might have heard or come across these two words, “Linear and Residual Income,” but do not know the difference between them. Knowing the difference will change the way you think, in return, change the way you make decisions and ultimately, change your life.
Linear income and residual income are the two common ways that people make money in this world. They are what divide the rich and the poor, the wealthy and the sluggish mid-class, the knowledgeable and the ignorant. This article will show you which income concept is the best, or let’s just say preferable.

LINEAR INCOME
In trying to understand what linear income is, for instance, employees, contractors, and self-employed business owners make up the linear income bracket. Linear income earners are only paid for the specific time expended, and or paid directly proportional to the number of hours invested in their job. Linear income earners must be physically present to get their paycheck or salaries or wages as the case may be.
Let me ask you this question. As a linear income earner, can you pass your job down to your children or grandchildren? You could be successful lawyers, bankers, doctors. Lecturers, e.t.c., just name it; truly, I don’t know too many jobs that allow you to do that. How many do you know? And even in the corporate world, inorder to be promoted, your superior either has to be promoted or demoted.
In summary, linear income earners have little control of their success, they live by paycheck to paycheck, and they can be fired at any time. Our life expectancy rate has dropped drastically, the tendency to suffer high blood pressure is high and many more disastrous effects this type of life will cause if it persist. I believe that I’m awaking the consciousness to some fundamental truth about your financial well being.

RESIDUAL INCOME
Now, the alternate income bracket is the residual income earner. I’ll let you decide which of these two is better.
Residual income earners consist of business owners, those in the entertainment industry, author, investors, successful entrepreneurs, and network marketing associates. These classes of income earners continue to generate income after the initial effort of building the business. Residual income earners don’t worry about “Clocking in,” they can be absent for periods of time and still see consistent income from their business. As a residual income earner, you could be in the shower, at home having more time for yourself and the family, a student (whether undergraduate or postgraduate) deceiving lectures in the university while money floods your bank account.
Thus, residual income earner’s income stem from their businesses. They are the boss; they have total and absolute control of their business success and achievement. Wouldn’t you like to be in that position? With your own business, you can pass it to your children, and they can pass the business to their children in return, you leaving a family legacy. You are able to leave your children with ready made pipeline of income versus working your present job, retiring and leaving your children with nothing but debt. The choice is yours to decide!