There's TEMPORARY INCOME where you do the work one and get paid one time. And there's RECURRING INCOME where you can do the work one time, but get paid over and over again.
So what kind of income do you earn?
Not sure? Ask yourself...
If you're an employee, aside from vacation or sick, if you don't go to work, do you still get paid?
Temporary income is income that is dependent on the amount of hours you put in. And there is always a limit to the amount of hours you can work, there will always be a limit to the amount of income you can earn. The reality is that you can never accumulate wealth by exchanging time for money.
Here's Reality...
In today's age, corporate security doesn't exist, more than 1.5 MILLION Americans workers were laid off in the first 9 months of 2001.
90% of Americans are DISSATISFIED with their income. Are you happy with the lifestyle you've derived from your Temporary Income?
Here are the Grim Statistics. At the age of 65:
95% are dead or dead BROKE!
Only 1% are WEALTHY!
How do the 1% achieve their wealth?
74% do it by owning their own business.
So now you know why it is so important to have a business of your own. You simply can't become rich working for someone else.
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