four categories for making money online and offline
Four types of income source.
On the left hand side of quadrant we will see employee ( E) & self- employed (S).
On the right hand side of the quadrant we will find business owner ( B) & Investor (I).
E = Employee
As an employee we have to job( just obey your boss & juice of your body).
Formula works here : Time = Money.($)
No liverage is here.
We work here for fulfilling other persons dream & thus that person becoming richer & richer.
In this category majority of people lies & work very hard & sell their time for money. In this everyone works 8 hours a day means 40-60 hours in week.
Examples of employees are : banker ,pilot,doctor ,CEO of the company.
Employee pay usually more taxes ,if we stop working our income stops.
S = Self- employed.
You own a job means a self-employed.
Formula works here: time = Money money ($$)
No liverage is here.( Active income = no regular income)
We work here even for longer hours thus increasing our own income but there is no freedom to enjoy vacations here ,if we didn't work for 10 days no income will generate. It totally depends on us only how we will earn.
Examples of self-employed are: real estate agents ,LIC agents doctors who have their own clinic,lawyers ,consultants & CA & small buinbusi owner all comes under this category.
Now we will look at the right hand side of the quadrant.
B = Business owner ( big)
Big business owner means having emlpoyee size or network more than 500 people.
In this category we have to work only 1% & our emlpoyees will work 100% for us thus our income generated here.
Formula works here : Time *Money.($$$$)
This is a passive income( regular income) source if we didn't work even money will come & thus our generation will safe by this business.They pay least in taxes & their business continue to generate a cash flow for them even when they are not there. Both time , money & freedom is available for business owner.In this category we have to work hard for some years & then possibly have passive income that keeps flowing to us & for the rest of our life.
I = Investor
In this category money works for us & money will generate from money only
Formula works here: money money money ($$$)=money money money money($$$$).
Most of the investor attained their initial income through the "B" Quadrant similar to "B" Investors also pay less taxes than emlpoyees & Self-employed.
For example : share market ,stock market etc.
Main Conclusion : L.H.S Quadrant gives [ Time = money ] 95 % people doing (hardwork)& they are earning only 5%.
R.H.S gives [ Time * Money] 5 % people doing( smart work )belongs to this category & they are earning 95 %.
R.H.S gives [ Time * Money] 5 % people doing( smart work )belongs to this category & they are earning 95 %.
So think everyone where you want to lie ?
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