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Earned Income vs Passive Income vs Portfolio Income: A Comparison

As you may have derived from the title of this article, not all income is created equal. In fact, the Internal Revenue Service categorizes income into three broad types, Earned Income, Passive Income, and Portfolio Income. While passive and portfolio are income is generated via investments, earned income is either employment (W2) or self-employment (1099) income. The principals and methods governing the three are substantially different, and most importantly, the rules relative to taxation are different as well. In my opinion, knowing these distinctions holds the key to financial freedom. In this article, you’ll see the analysis of Earned Income vs Passive Income vs Portfolio Income. “ Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. ” -Ayn Rand Earned Income Most people live in the world of Earned Income, which is to say that the vast majority of us generate income in exchange for our labor and/or services. Simply put,
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SAD BUT A WAKE UP CALL AS WELL TO US ALL.

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The only best way to handle this rising unemployment issue is to encourage self-employment. No government will be able to provide job vacancies to solve this. The factors that contribute to the unemployment are increasing in proportion that the jobs can’t increase in the same proportion. Look at this number, and there are more potential employees coming out every single day. Where are we going? Looking unto who for solution? Look at these number…!!! Even the number behind the 84,000 is more than those who will be selected. Please the earlier you focus on building any business by yourself the, the better. Even if you are gainfully employed, aren’t you scared by this numbers out there crying and praying for position??? What is you surety at work??? Whatsapp +233548805055 / +233267311723
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20 Reasons Why Network Marketing is the Business of the 21st Century

1. Build Your Fortune, Not Someone Else’s Here is the big question: At your current place of work, who is making a living and who is getting rich? It is whoever owns the asset. The asset is the business. This is where the control and wealth is. By working as an “Employee,” you are spending your 8 hour day building someone else asset. You are earning a living, and the owner is building a fortune. You are not only making 10x less money, but also paying twice as much in tax. 2. Want To Double Your Income Each Year? It is very difficult to be able to double your income with a job. In fact, the average pay rise is currently around 2%. This is crazy, especially since inflation is closer to 10%. However, with a business, it is a lot easier to get twice as many “customers” next year than the last, which in turn doubles your income. The smart people are now building their own businesses on the side. 3. True Financial Freedom One of the top reasons for owning your o
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LOOK FOR BUSINESS PARTNERS NOT JUST FRIENDS.

LOOK FOR BUSINESS PARTNERS NOT JUST FRIENDS. At this stage of your life, you need to start looking for business partners. Not just friends. Ten years from now those FRIENDS might vaporise into thin air... Ten years from now your business should be generating active and passive income for you... Ten years from now your today's investment becomes a large asset... Ten years from now your child will eat or starve from the decisions you make today... Ten years from now your SWAG or BEAUTY   won't pay your bills. Ten years from now you'll be either celebrating or regretting the actions you take now. It's TEAM work. You can NEVER work alone. Say yes to prospecting ☀FOR YOUR BRIGHT FUTURE ☀
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Today's Thought

THINK INVESTMENT Jack Ma, the richest man in China said: If you put Bananas and Money in front of Monkeys, monkeys will choose Bananas, because monkeys do not know that money can buy a lot of Bananas! IN REALITY, if you offer JOB and BUSINESS to people, they would choose JOB because most people do not know that BUSINESS can bring more MONEY than wages. Similarly, Robert Kiyosaki, author of the best selling book "RICH DAD, POOR DAD" and also a business partner of Donald Trump said: "One of the reasons the poor are poor, is because poor people are NOT TRAINED TO RECOGNIZE ENTREPRENEUR-SHIP OPPORTUNITIES They spend too much time in school and what they have learnt in school, is to WORK FOR WAGES instead of MONEY WORKING FOR THEM "Profit is better than wages, for wages can make you a living but profits can bring you a fortune." THINK INVESTMENT!! and stop fighting over increments of salaries, it still won't be enough
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Network Marketing

Definition: A business model in which a distributor network is needed to build the business. Usually such businesses are also multilevel marketing in nature in that payouts occur at more than one level. . Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. Some of the best-known companies in America, including Avon, Forever Living Products, Mary Kay Cosmetics and Tupperware, fall under the network marketing umbrella. Network marketing programs feature a low upfront investment--usually only a few hundred dollars for the purchase of a product sample kit--and the opportunity to sell a product line directly to friend, family and other personal contacts. Most network marketing programs also ask participants to recruit other sales representatives. The recruits constitute a rep's "downline," and their sales generate income for those above them in the program. Things can get sticky when a network ma
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Perfect Distribution - Great Business Concept

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Perfect Distribution - Great Business Concept Why Consider Forever Living? Aloe Vera is probably the most adulterated product on the world market because most of the Aloe Vera drinks sold to consumers contain only a fraction of the claimed content of Aloe Vera gel . One fairly widely advertised "award-winning" brand claims to have no taste, contain no preservatives and keeps for years without spoiling; it actually tastes like water and looks like water and probably is water! When it comes to business, most people omit one very important factor - the quality of product and that's what's been building FLP company for so many years. So, let's review it in little more details. It is VERY Important to state that Forever Living Products is the world's #1 grower , processor , producer and distributor of aloe vera and aloe vera products . Forever Living and Forever Living Products have been certified by the International Aloe Science Council. 
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