THE DIFFERENT 𝐒𝐓𝐑𝐄𝐀𝐌𝐒 𝐎𝐅

𝐇𝐎𝗪 𝐌𝐀𝐍𝐘 𝐒𝐓𝐑𝐄𝐀𝐌𝐒 𝐎𝐅 𝐈𝐍𝐂𝐎𝐌𝐄 𝐀𝐑𝐄 𝐘𝐎𝐔 𝐀𝗪𝐀𝐑𝐄 𝐎𝐅 𝐀𝐍𝐃 𝐇𝐎𝗪 𝐌𝐀𝐍𝐘 𝐃𝐎 𝐘𝐎𝐔 𝐇𝐀𝐕𝐄❓ – Abraham Orukpe

You must 1st understand that #money 💰 is one of the many rewards for value created and offers in the form of a product or service that meets the pain point (needs) of someone known as a customer.

One thing I have come to understand about the difference between the Rich and #Poor when it comes to wealth creation is that the rich invest to create more streams of income, while the poor invest to store their money in safe heaven, at times they ask you please, which business is trending now so they can invest into and make 70 to 100% Return On Investment (R.O.I.) in 30 days.

While the rich, on the other hand, are daily networking with like-minded people looking for challenges to offer solutions in form of products or services in order to attract a reward called money 💰 and reinvest the profits into the business and diversify into other areas which are known as market expansion.

HERE ARE 7 INCOME #STREAMS FOR A SUSTAINABLE CASH FLOW….

💰 𝐄𝐀𝐑𝐍𝐄𝐃 𝐈𝐍𝐂𝐎𝐌𝐄:
This is money that you earn from trading your time, knowledge & skills doing something, this is also known as the salary you get by working 8-5, etc, and this is about your comfort zone. For many, this is a death trap.

💰 𝐏𝐑𝐎𝐅𝐈𝐓 𝐈𝐍𝐂𝐎𝐌𝐄:
You earn this by selling something for more than it costs you to make, like monetizing your skill or knowledge a lot of the people who are in ‘Earned Income’ want to move to this category at some stage of their career or life. But it’s not always easy.

💰 𝐈𝐍𝐓𝐄𝐑𝐄𝐒𝐓 𝐈𝐍𝐂𝐎𝐌𝐄:
This kind of income comes from you lending your money to someone, having a fixed deposit, etc

💰 𝐃𝐈𝐕𝐈𝐃𝐄𝐍𝐃 𝐈𝐍𝐂𝐎𝐌𝐄:
This is the money that you get as a return on shares of a company you own like you buy a business as a director or shareholder etc

💰 𝐑𝐄𝐍𝐓𝐀𝐋 𝐈𝐍𝐂𝐎𝐌𝐄:
You generate this kind of income from giving out an asset that you have, like a house, or a building, Cars for Uber, bolt etc

💰 𝐂𝐀𝐏𝐈𝐓𝐀𝐋 𝐆𝐀𝐈𝐍𝐒:
This is the money that you get as a result of an increase in the value of an asset that you own, profits derived from selling an asset: financial investments, real estate, personal property, collectibles, etc

💰 𝐑𝐎𝐘𝐀𝐋𝐓𝐘 𝐈𝐍𝐂𝐎𝐌𝐄:
This is the money you get as a result of letting someone use your products, ideas, or processes. They make all the revenues, they do all the hard work, and you get a small percentage of whatever they earn.

No matter how many you have now, it can still be built upon.
#Finally,

Remember, it’s not how much you make that matters, #but is what you creatively do with what you make that truly counts.

You will not remain forever young dear friend, Make hay while the sun shines.

WAKE UP
WAKE UP
WAKE UP

Before you, #DIVERSIFY ensure you SOLIDIFY in a particular niche with a clear definition of purpose 🙏🏽🙏🏽

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