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Types of income

Which Income Type is better for you?

Every person has been getting income from thier work even they doesn’t know about the how many income types are there, Which income type is better and should follow the which income type. Every one has to know about income types.

1. Active Income

Active income means If you do work you get paid, if you don’t you don’t get paid. Here is only possible to get money when you do work. Here is possibilities to get money when you are Active. What about you are Inactive?  like sicks and health issues and more personal problems 

Examples of Active Income – Jobs, Labour Works, Self employement, Salaried employees

Advantages of Active Income :

  • No risk you can get time to time payments like saleries
  • Fixed Income, You can get fixed incomes monthy or daily or other payments cycles depends on work providers
  • No Inverstment, You don’t need to put inverstments

Disadvantages of Active Income :

  • Income limitations, You don’t get extra income
  • You Don’t get money while you are Inactive.
  • You don’t fullful your needs For instant, your salary is 20,000 but your total expenses is 30,000 remaining will be borrowing
  • Less Savings, You don’t get savings beacuse your earnings will be for expenses only then when will you saves the money? There are little bit of possibilies to saving the money that is reduce the expenses. 

2. Passive Income :

Passive income means that you get paid even when you don’t do the work. Are you confusing? yes it’s fact you get paid without doing work.

 Let me explain, at initial state you have to do very hard work then don’t need to do work after some times. For instant, you built apartment in city, money will comes to your chair in the form of rents. In that condition you are not doing any hard work even small work also. To achieve that position you have to do hard work from initial stage. How much hard work you have to be to built a apartment.

Examples of Passive income : Businesses, Affiliate Marketing Websites, Apartments and any other businesses when you do business at initial state you have to be hard work then it’s been becoming as brand then you will get money without you. Keep one thing in your mind to get passive income you have to be work hard from starting to till become a brand

Advantages of Passive Income:

  • You can get more money as much as you can
  • You can get money while you are Inactive.
  • You can always fulfull your dreams and needs
  • You can get self satisfaction
  • You will servive as a brand in your community
  • You don’t have to do work under someone
  • You can create a employement for others

Disadvantages of Passive Income :

  • High risk
  • Sometimes you will not get money it’s depends on your services and hard work
  • You can’t get fixed income
  • It’s been always depends on inverstments
  • You might be get lose
3. Portfolio Income :

Portfolio income means do you know one thing Money creates the money yes it’s fact, every one get some money they wants to put their savings in bank but that strategy not works in portfolio income. In portfolio income always dependes on inverstments. 

For instant if you put your savings in bank how much interest do earn for your savings? it might be 5% but if you put your saving in on other source like trading or businesses that brings huge amount than bank. But that’s not a easy to get more money. 

Now we have another example, If you have restaurant, you got some money from your restaurant business then what will you do with that money? either will you keep as a saving? or will you opens a new branch of your restaurant? opening a new branch is the good thing because you can able to get some amount from new branch and as well as from exsting branch also. If you keep opening a new branches from existing braches, your businesses will be expanded as brand. Now say what will better? either money savings in bank ? or expanding business?

Hence money creates the money. Here is keep onething in your mind, creating money from money not an easy. It’s also depends on prediction or speculation. At every point you have to do very hard work. 

Expamples of Portfolio Income : are KFC, BURGER KING, DOMINO’S, PIZZA HUT, and all other chain systemed businesses they always wants to expands their businesses at everywhere for making money.

Advantages of Portfolio Income :

  • you can get lots of satisfaction because making a money at every stage in portfolio income will be result of your work then you can get huge satisfaction
  • You can able to earn huge money more than expected
  • always keeps fullfilments of dreams
  • You can get money while you are Inactive.
  • You can creates the huge employment
  • You always service as a universal brand

Disadvantages of Portfolio Income :

  • Very High risk
  • You might be becomes as a zero, if you don’t concetrate or without hard work or without prediction or proper Management
  • Time will be lost but you will be getting experienced
Which Income Type is better for you?

Everyone’s mindset not alike, they have defferent mindset compered to each other. Even we can suggest you to about better income type for every each type of mindset.

Now we would take enough mindset and fixed mindset peoples, They have only enough mindset and fixed mindset means that they always want to adjestments and they don’t want to take risk and they are accustomed to enough income and fixed income and they always thinks that we can’t do more than that. and they always want to be in safe zone. Active Income is always better for these mindset peoples.

Now we would take growth mindset peoples, This type of mindset peoples wants to do risk and they always wants to become a brand themselves. They keeps putting a goals and they definately will be reach that goal. They keeps the hard work toward the goal. they never give up, even they have been facing loses and problems. they wants to give the shadow to everyone’s life. They do think for growth only. Passive Income is better for those mindset peoples.

Who ever succed in passive income and who wants to do heavy and who wants to do business expansion mindset and who have good prediction knowledge and who wants to do more and heavy hard works and who wants to do heavy risk and who have good management skills, Portfolio Income is better for those peoples

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Share on facebook
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Types of income

Which Income Type is better for you?

Every person has been getting income from thier work even they doesn’t know about the how many income types are there, Which income type is better and should follow the which income type. Every one has to know about income types.

1. Active Income

Active income means If you do work you get paid, if you don’t you don’t get paid. Here is only possible to get money when you do work. Here is possibilities to get money when you are Active. What about you are Inactive?  like sicks and health issues and more personal problems 

Examples of Active Income – Jobs, Labour Works, Self employement, Salaried employees

Advantages of Active Income :

  • No risk you can get time to time payments like saleries
  • Fixed Income, You can get fixed incomes monthy or daily or other payments cycles depends on work providers
  • No Inverstment, You don’t need to put inverstments

Disadvantages of Active Income :

  • Income limitations, You don’t get extra income
  • You Don’t get money while you are Inactive.
  • You don’t fullful your needs For instant, your salary is 20,000 but your total expenses is 30,000 remaining will be borrowing
  • Less Savings, You don’t get savings beacuse your earnings will be for expenses only then when will you saves the money? There are little bit of possibilies to saving the money that is reduce the expenses. 

2. Passive Income :

Passive income means that you get paid even when you don’t do the work. Are you confusing? yes it’s fact you get paid without doing work.

 Let me explain, at initial state you have to do very hard work then don’t need to do work after some times. For instant, you built apartment in city, money will comes to your chair in the form of rents. In that condition you are not doing any hard work even small work also. To achieve that position you have to do hard work from initial stage. How much hard work you have to be to built a apartment.

Examples of Passive income : Businesses, Affiliate Marketing Websites, Apartments and any other businesses when you do business at initial state you have to be hard work then it’s been becoming as brand then you will get money without you. Keep one thing in your mind to get passive income you have to be work hard from starting to till become a brand

Advantages of Passive Income:

  • You can get more money as much as you can
  • You can get money while you are Inactive.
  • You can always fulfull your dreams and needs
  • You can get self satisfaction
  • You will servive as a brand in your community
  • You don’t have to do work under someone
  • You can create a employement for others

Disadvantages of Passive Income :

  • High risk
  • Sometimes you will not get money it’s depends on your services and hard work
  • You can’t get fixed income
  • It’s been always depends on inverstments
  • You might be get lose
3. Portfolio Income :

Portfolio income means do you know one thing Money creates the money yes it’s fact, every one get some money they wants to put their savings in bank but that strategy not works in portfolio income. In portfolio income always dependes on inverstments. 

For instant if you put your savings in bank how much interest do earn for your savings? it might be 5% but if you put your saving in on other source like trading or businesses that brings huge amount than bank. But that’s not a easy to get more money. 

Now we have another example, If you have restaurant, you got some money from your restaurant business then what will you do with that money? either will you keep as a saving? or will you opens a new branch of your restaurant? opening a new branch is the good thing because you can able to get some amount from new branch and as well as from exsting branch also. If you keep opening a new branches from existing braches, your businesses will be expanded as brand. Now say what will better? either money savings in bank ? or expanding business?

Hence money creates the money. Here is keep onething in your mind, creating money from money not an easy. It’s also depends on prediction or speculation. At every point you have to do very hard work. 

Expamples of Portfolio Income : are KFC, BURGER KING, DOMINO’S, PIZZA HUT, and all other chain systemed businesses they always wants to expands their businesses at everywhere for making money.

Advantages of Portfolio Income :

  • you can get lots of satisfaction because making a money at every stage in portfolio income will be result of your work then you can get huge satisfaction
  • You can able to earn huge money more than expected
  • always keeps fullfilments of dreams
  • You can get money while you are Inactive.
  • You can creates the huge employment
  • You always service as a universal brand

Disadvantages of Portfolio Income :

  • Very High risk
  • You might be becomes as a zero, if you don’t concetrate or without hard work or without prediction or proper Management
  • Time will be lost but you will be getting experienced
Which Income Type is better for you?

Everyone’s mindset not alike, they have defferent mindset compered to each other. Even we can suggest you to about better income type for every each type of mindset.

Now we would take enough mindset and fixed mindset peoples, They have only enough mindset and fixed mindset means that they always want to adjestments and they don’t want to take risk and they are accustomed to enough income and fixed income and they always thinks that we can’t do more than that. and they always want to be in safe zone. Active Income is always better for these mindset peoples.

Now we would take growth mindset peoples, This type of mindset peoples wants to do risk and they always wants to become a brand themselves. They keeps putting a goals and they definately will be reach that goal. They keeps the hard work toward the goal. they never give up, even they have been facing loses and problems. they wants to give the shadow to everyone’s life. They do think for growth only. Passive Income is better for those mindset peoples.

Who ever succed in passive income and who wants to do heavy and who wants to do business expansion mindset and who have good prediction knowledge and who wants to do more and heavy hard works and who wants to do heavy risk and who have good management skills, Portfolio Income is better for those peoples

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