SALARY VS RESIDUAL INCOME
SALARY - salary is another word used for monthly wages or income given to an employee by the employer,
Salary is a fixed asset and salary does not appreciate unlesss decided by the employer. salary is never enough to pay the bills,
When your salary increases you tax and responsibilities tend to increase.
Salary may not be consistent, if your company downsizes or go bankrupt your salary is also affected.
Many people love white collar jobs because of the monthly salary involved, security they say is more preferable to freedom, but without freedom are we truly secured
You can be in a secured office with a secured salary but still have financial worries because you are limited by your salary.
S ~ something, A ~ always, L ~ low,
A ~ and, R ~ reduces, Y ~ you.
RESIDUAL INCOME - is the money you make while working from home,
residual income is not necessarily made monthly depending on the type of business you are into.
People like mark zuckaberg, bill gates, jim ovia, elon musk, dangote, just to name a few’ make thier money every seconds.
Residual income usually starts very low, it’s like climbing a staircase u don’t just fly to the top but you have to be consistent, determined and patient.
Journey of a thousands mile begins with a step(lao tzu) just keep stepping.
Residual income is not a fixed asset you don’t have a boss who determines how much you make,
you are in the drivers sit you are not limited to how much you can make
crypto currency is a good example of residual income, during the Covid period many salary earners were out of cash because they couldn’t go to work .
but some workers that were into crypto currency profited greatly from this platform, bills were paid, and amidst the chaos income earners were able to help those in need.
through salary you can make a living
but through residual income you will make a life.
Thanks for reading.