BEING RICH AND BEING WEALTHY.
Fact about being wealthy and being rich. •What is wealth? Wealth is having sustainable and lasting financial resources, focuses on building assets that generate income, such as investments, real estate, or businesses. •What is being Rich: Being rich is having a high income or a lot of money at a particular moment. Often associated with a luxurious lifestyle and material possessions. TYPE OF INCOME. •ACTIVE INCOME:It is type of Income earned through direct effort and time, it requires consistent work to maintain income. •Example: Salary, wages, commissions, and fees from self-employment. Requires consistent work to maintain income. •PASSIVE INCOME: This is type of income that require less or no effort after a system has been built. •RESIDUAL INCOME: This is type of income that is left over after all expenses has been removed and keep increasing. •According to what Robert Kiyosaki said. He said 95% of the world 🌎 are poor while 5% are wealthy. Is it true or not? (Explain under comment) Under poor Zone we have: •SE (Self employed) •E ( Employed ) Under wealthy zone we have: •B.B.B (Be Business Builder) •Investor. Before you can be wealthy, you will be rich first and you can only make the kind of that will make you rich online so that you can use the money to build a lot business for you to be wealthy. This question is for. Which type of income are you doing? Which zone are you? Which business are you into? Do you want to be a business owner?. If you are looking for a business you can be doing to increase your income so that you can be rich and wealthy kindly drop a message to my DM. Feel free to ask any questions under the comment. thanks.