A rent received on a regular basis, with
little effort required to maintain it.
Examples: royalties;
payments for a product or service that must be renewed on a regular
basis; earnings from internet
advertisement on your
websites.
Leveraged
Income
Income
that you gain by leveraging other peoples' efforts. (Examples:
selling e-products through affiliates; franchising your business to
other
entrepreneurs)
Passive Income
A
"work a lot upfront, then relax" income. (Examples: pensions;
investing in
dividend paying stocks; rental for property)
>>>
Rich People vs. Others
Others
focus on working for money
.
Rich peoplefocus
on
creating systems that make money.
