1. What is Supporting Your Family?
Income vs Lifestyle
●
What Type of Income is supporting
your family right now? ACTIVE or
PASSIVE Income?
●
What will happen to your family IF
You cannot work anymore?
●
Do you plan to work and labor for
the rest of your life?
Two Types of Income
1. ACTIVE INCOME 2. PASSIVE INCOME
Employment Income: Salaries, Professional Fees Rentals, Royalty Income, Investments (Stocks,
No Work, No Pay; No Client, No Fee; Bonds, Mutual Funds, Other Paper Assets, etc.)
No Sale, No Commission ➢ Exponential Income
➢ Linear Income ➢ Money working to make money.
➢ Working hard for the money. ➢ Income that keeps coming in even if you stop
➢ Temporary Income. (Living the Rat Race). working.
Reality: Majority of Filipinos depend on only one type of income –> Active Income.
“Real Life” definition of Wealth = The no. of days you will survive (or maintain your lifestyle) after your Active
Income stops.
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