Limited or Unlimited Income: Which Do You Want?

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Limited or unlimited income: which do you want? This seems like a basic question with an obvious answer, but you’d be surprised how many people settle for a limited income when they don’t have to.

Most people start their careers with one job and then move up the corporate ladder at that same company or move around, working different nine to five jobs. While this lifestyle is great for some, it has one flaw: it provides limited income. When you work in this model, for someone else, you work for a salary and earn a fixed amount of money for your continued work.

But, what if I told you there is a better way to make a living? As a business coach in Ottawa, I help people learn to make a living through passive, or residual, income that allows them to have an unlimited income and live the dream life.

Why Passive Income is Unlimited

Passive income is income that is earned over time for one piece of work. Things like real estate, network marketing and copyrighted works are common examples of ways to make residual income.

The difference between passive income and traditional income is that with passive income strategies you can continue to earn money for one initial effort, making it possible for you to make much more than you would with a traditional, pay-per-hour or pay-for-time model.

As you build your business around a residual income model, you suddenly have the ability to earn much more than you would on a regular salary. You’ll be able to keep making a profit off of a single piece of work, so you aren’t trading your time for money.

Even More Reasons to go for Unlimited Income

The answer to why you would want an unlimited income is an easy one: financial freedom. But, that’s not the only perk unlimited income can bring. When you start your own business, or take advantage of a residual income opportunity, you’ll be opening new doors of opportunity that weren’t there before.

Take Control of Your Destiny

With residual income comes a whole new level of self-reliance. Instead of working under someone else, who can make all kinds of decisions about your welfare, including what your salary is, what kind of medical benefits you get, what you spend your time working on, and even what kinds of promotions you can land, you’ll be able to take control of your own destiny.

When you work for yourself, the possibilities are endless and there is no limit to what you can achieve, including what kind of income you can earn. You can explore new projects, spend your working hours on projects you think are worth your time and control the path your career takes

Have More Time to do What You Love 

When you earn an unlimited, passive income, you automatically have more time to do what you love. Your free time isn’t confined to the few hours you have after work each day and you can even make money while you travel.

Instead of spending most of your time at your job earning your limited salary, you’ll have time to pursue hobbies, spend time with your family, work on personal projects and travel. And the best part is, you’ll continue to earn money even while you do these things! 

Work Less, Earn More

Working for someone else at a traditional job means your income matches the hours you spend working. But, with passive income you can have unlimited income and are compensated for your efforts more than once, making it possible for you to work less and earn more.

For example, if you invest in real estate, that property continues to generate income for you constantly, even when you aren’t spending your time on maintenance, advertising or assisting managers. You are working less and earning more. This is one of the most sought after and valuable benefits of earning a passive, unlimited income.

The question of whether you want a limited or unlimited income is an easy one to answer. So, the question now becomes: “Are you ready to open the door to unlimited income and work less while earning more?”

I work with people across the country to help them start successful businesses and generate passive income. If you are interested in learning how you can start earning an unlimited income, contact me.

About the author 

Deborah MacDonald

After almost 25 years as an entrepreneur, I continue to grow my business, my passive income streams and my wealth. And now I mentor others on their wealth journeys by teaching them how to fund their own freedom lifestyle.

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