Most people who
want to start a business are looking to increase their wealth. There are three types of income that can be
made when you are diversifying your wealth. These types are earned, investment, and
passive income. It would be wise to have
a good mix of these to round out your wealth portfolio.
Earned income is
exactly as it sounds. It is money that
is earned from actively working. An
example of this is the hourly employee. This
person is paid for the hours they work “on the clock.” The second type of income is investment
income. An example would be your
investment portfolio, where money is made from the sale, interest or dividend
that is generated from stocks and bonds. The final type of income is passive income. What I mean by passive income is money that is
made with minimal sustained effort on your part. Another word for passive income is residual
income. These types of income can
include rent, e-book sales, and some Internet businesses.
Some businesses
offer the opportunity for more than one type of income to be earned at the same
time. One such business that has
multiple ways to wealth is a company of which I am an affiliate—SFI. SFI stand for Strong Future International and
has been around since 1998. It began
modestly with one product and a limited reach (available only in the United
States). Today there are thousands of
products and affiliates working all over the globe. Over the course of the next articles, I will
share what I have learned about this company and what I see for my future and
yours, as well.
So join me on
this journey, and let’s explore what SFI has to offer—together.
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