Since time immemorial, We need income to survive, improve our well-being and as a storage of value.
Income is divided into 3:
1) Active Income - Income that you work hard for eg. being an employee
2) Passive Income - Income that comes from the leasing of an asset that you have eg. Money, Stocks, Machinery and Real Estates.
3) Royalty Income - Income that comes from producing a masterpiece that others want eg. songs, books, arts and infomercials.
The 3 above income is akin to planting paddy, planting strawberry and planting teas.
1) Paddy needs to be planted every season. That is active income.
2) Strawberry need to be planted every time the source dies. That is passive income.
3) While, teas only need tender care and pruning from generation to generation and bare in mind, since time immemorial "Tea worth more than Gold." That is royalty, income
So, plan wisely: "If we failed to plan, we planned to fail."
God Bless Us.
"Lord, Let your' will be done."
Good Luck! Amigo!
Yours sincerely,
Dr. Lion
Income is divided into 3:
1) Active Income - Income that you work hard for eg. being an employee
2) Passive Income - Income that comes from the leasing of an asset that you have eg. Money, Stocks, Machinery and Real Estates.
3) Royalty Income - Income that comes from producing a masterpiece that others want eg. songs, books, arts and infomercials.
The 3 above income is akin to planting paddy, planting strawberry and planting teas.
1) Paddy needs to be planted every season. That is active income.
2) Strawberry need to be planted every time the source dies. That is passive income.
3) While, teas only need tender care and pruning from generation to generation and bare in mind, since time immemorial "Tea worth more than Gold." That is royalty, income
So, plan wisely: "If we failed to plan, we planned to fail."
God Bless Us.
"Lord, Let your' will be done."
Good Luck! Amigo!
Yours sincerely,
Dr. Lion
No comments:
Post a Comment