No More Rat Race
Think about where you get the majority of your income. It most likely comes from some type of paycheck. This type of earning is known as active income. Active income requires some act from you. An example of active income is giving your time to regular employment. You only get paid for the time you are at work, and if you do not give your time to your job, you are not paid.
Four Categories
Especially these days, the world seems to revolve around money and time. People can be divided into four separate categories. Some people are paid a lot of money, such as those in managerial positions who work as many as fifty to sixty hours every week. These people have a lot of money, but lack the time to spend it on the things that they enjoy.
Some people are unemployed and do not have jobs on which to spend all of their time. Therefore, unemployed people have a great deal of extra time, but do not have the funds to pay for any activities that bring pleasure to their lives.
Middle class people are usually running short of time and money. These are the people that work long hours for mediocre pay. Middle class people are typically the most stressed out of all four categories.
Finally, some people out there have managed to find that sweet spot where they have all the money that they need for the things they need, and plenty of time to spend it on the thing that they want.
The Difference
The difference between the well-paid, unemployed, middle class and wealthy is the relationship they have with money. Wealthy people work toward the creation of income flows that will provide future income. This is where passive income comes into play.
Passive income is money that you earn by doing nothing. This is the type of income to which people are referring when they say, “make money while you sleep”. With passive income, you do the job once, but continue to be paid over and over. An example of passive income would be a musician. They record an album once and then that album will continue to provide them with income each time another copy sells.
Search the Internet for the passive income that fits you best and say good-bye to the rat race forever.
Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 - 2010
Tags: active income, Create Wealth, creation of income, Passive Income, Wealth Creation