Salary vs Passive Income

What is your Salary?

Here we will NOT talk about the salary amount but the TYPE of salary.  

My friend, there are different types of salaries. Read till the end and you will understand.
The rich are becoming richer, while the poor are getting poorer. How and Why? World media has fooled you but know that there is is no middle class anymore because it has completely disappeared. Try to buy a decent home for yourself and you would know what I am talking about. 
Coming to Salary, It is a specific amount of money that an employee is paid for work done . Now the question is Which type do you earn?
1. Onion Salary: – You grab it, you open it, and you CRY. People who slog like dogs every month know the feeling. 
2. Storm Salary: – You don’t know when it’s coming or going. Ask employees of Sahara and they will tell you more. 
3. Menstrual Salary: – With due respect to ladies, this one comes once a month and lasts only four days.
4. Magic Salary: – You touch it and it disappears.
5. Amnesia Salary: – You can’t remember what you spent it on.
6. Time Travelling Salary: – You spend it paying various debts even before you collect it.
7. Active Salary – Once you stop working, it stops.
But there is another one called PASSIVE INCOME
What is PASSIVE Income?

You work once, and it keeps paying you over and over and over again even AFTER you have stopped working.

Whether it’s magic salary, amnesia salary or onion salary, the moment you stop working this stops, and your life becomes unbearable.
Financial LITERACY is the only tool that will help you to TRANSFORM your salary into a PASSIVE Income. Only  Passive income will let you can create financial freedom and time freedom.

ONLY YOUR INVESTMENT can keep you going even after all the onions, amnesty, traveling, active salaries have left you drenched.

Research has it that the poorest group of people in the world are those that rely solely on Salary. They live in a vicious cycle of poverty managed on 30 days basis. Salary is continuously being awaited every month and any slight delay brings about heartbreaking anxiety, pressure and disappointment. Understand that Salary Is a short term solution and you have entire life in front of you. Salary alone cannot solve your money problems. You need multiple Sources of income to balance.

The tax returns form contains about 11 income streams, Salary is just one.
Don’t live Your Life fishing with just one hook, there are many fishes in the ocean.
Salary is the MEDICINE for managing POVERTY, not the CURE. Only your BUSINESS or INVESTMENT can cure Poverty.  On the other hand, Investors are not salary earners. Truncate the flow of your salary for one month and you would realize majority would struggle and be unhappy with their life. If you do not have 3 months salary in savings, you are already poor.

If you divide your salary by the Dollar Exchange rate, you will discover that you are poorer, relative to when you started work. Divide your salary per annum by 2,000 hours to know what your one hour is worth.

Being a salary earner is a mentality, break it! Your worth Is far more than your salary. Salary is the bribe they gave you to forget your dreams

Salary Is the value someone has put on your effort, How much do you value yourself?
You can’t increase in value, unless you VALUE yourself differently. Life Is a trade off between time, effort and reward. To be rewarded more, you have to become more valuable.
I therefore urge every one of my readers to be FINANCIALLY INTELLIGENT, FINANCIALLY LITERATE and TRAIN OUR EYES TO SEE OPPORTUNITIES IN PROBLEMS. Mutual funds and Equity Investments are your only true Friends because Salary is a lifetime disappointment. But it has to be done in a structured fashion. Read many of the guides available on this site to break the vicious cycle of Salary Income and create assets of Mutual funds and Equity Investments to generate Passive Income. 

Being a salary earner or investor is a decision. Life Will not change until you decide. Do that now.

Posted in Financial Planning and tagged CA.