Leveraged Income by:Saumitra M Ghotikar
Linear Income Vs Passive Income
At a very recent party , during the dinner hours I could meet a very notable industrialist . I am quite younger to him , rather he was quite senior to me - age wise too. Incidentally , he happened to be a professional friend of my father , and he had seen me quite young , as a child.
He was quite amazed and asked me , "What do you do ?" "Business" - my answer. I told him that I run a manufacturing unit , which has 12-13 workmen & 2-3 in staff & get a reasonably good sales turn-over. Here is the conversation between us :
"So, this is your business , eh?"
"Yeah"
" I am going out of country for a month , will you join me ?"
" One month - impossible . I can't leave my BUSINESS for a single week also"
" Dear , if you cant leave your business , it's not business , it's employment"
"But I am not orking for anybody"
"But you are working for yourself & businesses are run without personal presence"
"Hmm"
"I can leave my business for 1 complete year also and when I return , I can see it flourishes"
" How ? Why it's not possible with me ?"
" In your BUSINESS , YOU are the system , there is no ther system , you are self - employed"
" What is the difference ?"
"You will get paid till you work : Linear Income , I get paid even if I don't work - I have a system & that system works : This is passive income."
The people who have learnt the techniques of making money , passively , are true businessmen , otherwise they are Employees OR self Employed - Is not it ?
Robert Kiyosaki , in his all books , stresses heavily on this point. Building many businesses & buying assets is the key by which people become rich , acquire wealth. By working for someone else , we shall not become wealthy , never!
About the author
Saumitra M Ghotikar is a young entrepreneur from INDIA , wishes to share with the world , how he is imroving day-to-day , Visit http://www.info-netmoney.blogspot.com to improve financial wisdom Tooting Your Own Horn: Shameless Self-Promotion to Get Ahead by:Joan Schramm Despite Financial Despise Bad Credit Secured Loans at Eyes by:Peter Taylor Top Mutual Fund Companies To Invest In by:Sandra Stammberger Commercial Mortgage Broker -Ally and Shark Wrangler by:Patrick Bedall Market Cycles: The Key to Trading Success by:Althaf Ahmed Improve Your Business Acumen With Audio Books by:Janna Halioris The Idiots Guide To Back Testing For Confidence by:David Jenyns Part 2: Designing a Trading System in MetaStock by:David Jenyns Stock Market Wisdom from Chicken Little by:Gary Wollin Stock Market Wisdom Gained from Humpty Dumpty by:Gary Wollin Stock Market Wisdom from The Tortoise and the Hare by:Gary Wollin Stock Market Investing - Top 10 List by:Gary Wollin What Is My Property Worth? by:Carlton Johnson