Linear Vs. Passive Income: Why You Will Never Get Rich Unless You Do This to Make Money Online
You may be wondering what are ways to make money online and how to get rich with forms of passive income? Or even if there is an “easy passive income” to be made online?Is it possible to get rich with forms of passive income? Is that a real way to make money online? Many people may doubt that there is such a way to accomplish this when there are so many ways that can separate you from your money given all the scams out there. This article will hopefully share with you a way or two of how to make passive income online.You can make money online and even get rich with it because this is the only way of earning money that is not tied to you changing your time for a fixed money amount, or what is called a pay check. You see, any form of passive income is, by definition, not tied to exchanging your time for money. Unlike a pay check which is really nothing more than trading your time for money, this form of income of making money online can allow you to get rich precisely because this form of income is not tied to trading your time but is based on earning money repeatedly and in a passive manner which is received on a regular basis.Truth be told, the majority of people online do not make any money with their efforts. They will never get rich with any form of making money other than specific forms of non-linear income that can be generated in many cases with little or no out of pocket expenses to the individual. Affiliate blueprints to make money online that can – over time – develop into passive income and allow someone to get rich are available from most affiliate programs online. Building an online business and creating a solid, regular income is in many cases is the result of careful research, market identification, and proper and effective marketing techniques that generate sales and grow profits. Most good affiliate programs have the online tools, ad copy and marketing venues to allow affiliates to succeed and if they apply themselves to the task of making money online, they will succeed. Many, however see the success of some affiliate marketers and think that this is an easy passive income to be made, when the truth is far from it.Affiliates who want to make money through their affiliate programs working from home can develop multiple streams of income by following the blueprint laid out for them by the operator of the program. Individuals who previously worked for a pay check or a liner income and then realizing that it would not allow them to get rich decided to start an online business that could be built to develop a passive income stream and perhaps more than one. Those who understand the concept of passive income as opposed to linear income are drawn to the internet to try to make their dreams come true through this medium.Prior to going full bore into an online business and quitting their job, many individuals consciously decide to first start out by working part time to create a second income that is a passive income as opposed to a second linear income. Get rich quick schemes must be avoided at all costs as these are not real businesses, but rather past times to waste one’s time online.Before considering popular ways of generating a passive income online let us define what we mean by linear and passive income. Linear income as we indicated above is an income that is earned by trading your time for making money, or working for someone else. Simply put, the more you work, the more you make money. But if you do not work, you do not make money. That is the essence of a linear income.A passive income, however, is a form of making money that is passive in nature and does not require the trading of your time to make money. A passive income will generate money for you whether you work or not, assuming that you have taken steps to generate that income in the first place. Once you have done that, your income will be paid to you regularly and not because you have to trade your time for it, but because you are being paid for something that you have already done, hence the passive income concept. Passive income can take many forms from real estate earnings, to investment earnings to writing earnings, to singing earnings [residuals] to making money from your online efforts. It can also derive from network marketing, affiliate marketing, and advertising revenues from your online efforts. For many people this is what they refer to as making money while they sleep and view as easy passive income.Only passive income will allow you to get rich. The more the passive income you make, the sooner you can get rich. Residuals, as some people call this income is the source of all online fortunes for those who get rich online. Once you are successful in setting up one online passive income stream it is easier to do it a second time, and then a third, and so on. Some say that the secret to online success is to set up as many independent streams of passive income as possible in order to diversify and protect one’s interest.So, do you want to make a passive income or a linear income?Trading your time for a pay check is little more than being an indentured servant. You work, you get paid. You don’t work, you don’t get paid. Linear income is the term referred to as the income that keeps you poor. It makes no difference whether you are a surgeon, bank manager, a taxi driver or a Walmart employee. The one common element that all of these people share is that they are trading their time for a pay check. If they stop working, their pay stops being paid.Passive income, however, is strategically different in that it is an income that you receive repeatedly for an action that you took previously but are no longer doing. It is an income that you will continue to receive even if you do not work any longer. The more passive income streams you can set up the more income you will make and the sooner you will get rich.The only way to get rich online is to promote affiliate programs that pay you handsomely and to set up several of these that can make money online for you. And remember, once you have set up your massive money making system, you do not have to micro-manage it to keep it running properly to produce more affiliate income for you. Truly, a set it and forget it system is the ultimate for successful online marketers who direct their actions towards getting this type of system set up properly.Linear vs. passive income. The choice is clear, and the choice is yours. Work once and get paid once, or work once and get paid forever. That is the mantra of affiliate marketers everywhere who understand the difference between linear and passive income forms of how to make money and they continually seek ways to generate income streams that can build their passive income over time.The linear income stream is a form of drudgery that many feel they have to go through to earn a pay check. They go through the motions every day, every week, every month, every year, until, before they know it, their life has passed them by and they are complaining about lost opportunities and how they missed out on life.Passive income streams, however, once they are set up and producing an:”easy income” of a passive nature are not drudgery. They are viewed as heaven-sent and are waited upon anxiously by the recipient. Passive income allows you to multi-task in that you can be doing something else [like setting up another passive income stream] while you are receiving this already established one.Or, you can spend time with your spouse, family, children or friends doing what interest you, knowing full-well that your passive income stream is still generating an income for you. A linear income stream cannot do that for you. If you choose to spend time with family instead of working, you do not get paid. Simple as that.A non-linear income stream [or two] can give you your life back. Knowing that you will receive it even if you choose to stop doing what created it is comfort and security. Why anyone would choose to stop, however, is unclear when you know that by repeating what you did in the first place to generate that income you could do again to repeat the process to generate another separate income stream of a passive nature.If you are able, you should start to generate your own stream of passive income. Do it part time at first and then expand at your own pace. This is not an overnight get rich scheme so it will take time to develop. If it takes you two or three or even five years to get it done right, what does it matter to you? But if you don’t start to generate this type of income you will forever be indentured to a linear type of income that can only be available as long as you continue to work. Once you stop, that income stops. A passive income, however, will continue to be dropped into your bank account even when you finally “retire”.Don’t wait. The sooner you start the sooner you will benefit and take control of your life.
0% Auto Financing
0% auto financing means an auto dealership will give a car-buyer an auto loan without interest. While there is usually a down payment involved, the buyer will not have to pay interest on the amount borrowed. That’s right: 0% auto financing will provide a loan free of interest payments. This could seem like a great deal. But buyers need to know when zero percent financing works for their benefit and when it works against it.Why zero percent auto financing is difficult to get: credit scores and loans. Zero percent car financing is difficult to acquire because it’s usually offered to such a thin slice of qualified buyers. In order to qualify for any car loan, even one with zero percent, a borrower needs to have a good credit score. Only buyers with nearly spotless credit ratings can qualify. And even those buyers with some very slight tarnish on their credit scores could be refused.Select vehicles and options often erase the 0% financing option. Zero percent loans are only often offered as a financing option for the dealer’s choice of vehicle. Slower-moving vehicles are often tagged with the 0% financing incentive to move cars off the lot. This works fine for people looking for vehicles that aren’t selling well. But for buyers looking to buy a more popular vehicle, or for those searching for specific vehicle options, zero percent financing may not apply. While a dealer may be happy to provide someone looking for a car with, say, leather seats instead of cloth seats, the loan that previously didn’t have any interest may suddenly find itself coming with interest charges.0% loans often discredits manufacturer’s rebates. Auto dealers will often offer a 0% percent option to attract potential buyers to a dealership. When a buyer looks to capitalize on a manufacturer’s rebate as well as the 0% financing, the dealer tells her it’s one or the other. But this can sometimes work to the benefit of some borrowers. If your credit score doesn’t qualify you for the 0% auto financing, you can search out the manufacturer’s rebate and still save yourself money.Zero percent auto financing can sometimes be more expensive than interest-charging loans. Depending on the interest rate and a borrower’s qualifications, an interest-bearing loan can sometimes be more affordable on a month to month basis than options offering zero percent financing. Often, a dealership will offer a zero percent auto loan for a much shorter term than a typical, interest bearing loan. This quickened repayment schedule will cost the borrower more each month than a traditional, longer interest bearing loan. Let’s use an example. Say the loan amount for a new car is $20,000. Through a typical interest bearing account, and ignoring any down payment, a buyer would stand to pay off the loan in about 72 months. At 6.75% on the loan, the buyer would pay about $296.53 each month. With a zero percent auto financing option, that same buyer would need to make her payments in a far shorter period of time. Let’s say bout 36 months, which is typical for zero percent auto financing. Those $20,000 would cost our zero percent buyer $555.56 each and every month.
Business Capital Solutions In Canada: Accessing Proper Cash Flow & Commercial Financing
Business capital requirements in Canada often boil down to some basic truths the business owner/financial mgr/entrepreneur needs to address when it comes to financing for businesses.One of those truths? Knowing the true state of their financial condition and what financing they do and don’t qualify for when it comes to meeting commercial lending requirements in Canadian business.Business Loans In CanadaWhether you are smaller or start-up firm looking for information on how to get a business loan or a larger established firm looking for growth financing or acquisition opportunities we’re highlighting 3 mistakes that commercial loan seekers like your company need to avoid making when addressing, sourcing and negotiating your cash flow / working capital and commercial financing needs.1. Understand the true condition of your company finances – These are almost always successful addressed when you spend time on your financials and understand how your financial statements reflect your access to commercial loans & business credit in general2. Ensure you have a plan in place for sales growth and financial needs as it relates to commercial financing3. Understand that actual hard facts about cash flow which is, of course, the lifeblood of your companyCan you honestly answer or feel positive about all those 3 points. If so, pass Go and collect $ 100.00!A good way to address your company’s finance plans is to ensure you understand growth finance solutions, as well as how to manage in a downturn – i.e. not growing, losing money, etc; It’s never fun to fund yourself in an economic or industry downturn such as the COVID pandemic of 2020!When we talk to clients of new or established businesses it seems they are almost always talking about sales, so the ability to understand and focus on the differences in their profits and cash fluctuations is key.How do cash flow and sales plans and projections affect the type of financing you require? For one thing sales growth usually starts out by consuming your cash, not generating it. A poor finance plan will drag your business down and addressing financing simply gets tougher and tougher.Three basics always emerge when it comes to your search for the right business capital and financing.1. The amount of financing you need2. The type of financing (debt/cash flow/asset monetization) The business loan interest rate will be dramatically affected by whether you choose traditional or alternative financing solutions. Private business loans in Canada come from non regulated commercial finance companies most often known as ‘ alternative lenders ‘. These lenders are typically highly specialized in one ‘ niche ‘ of business financing and may be Canadian firms or branches of U.S. banks and non-bank lenders3. How the financing is structured to be manageable with your day to day operationsWhat Finance Company In Canada Can Meet Your Borrowing Needs & Why Is Capital Important In BusinessLet’s identify and break down key financings your firm should know about and understand if they are applicable and achievable to your business. They include:A/R Financing / Factoring / Confidential Receivable FinanceInventory finance / floor planning / retail inventoryWorking Capital term loansUnsecured cash flow loansMerchant working capital loans/advances – these loans are geared toward short term cash needs and are typically one year in duration. Loan amounts are typically 15-20% of your annual sales revenues.Royalty financeAsset based non bank business lines of creditTax credit financing (SR&ED bridge loans)Equipment Leasing / Sale leasebacks – Equipment financing in Canada is used by almost 80% of all companies looking to acquire new, and used, assets.Govt Guaranteed Small Business Loan program – Government Loans in Canada are sometimes referred to as ‘ SBL’, aka Note: BDC Finance solutions are available from this Canadian non-bricks and morter crown corporation. A small business loan via the government-guaranteed loan program comes with true flexibility around term loan duration, market rates, no pre payment penalties, and of course the low personal guarantee that is required by borrowers. These two ‘ government ‘ loan solutions are often perfect for financing a new business.If you’re focused on not making mistakes in your business finance needs and want to capitalize on the solutions your competitors are probably already using seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your cash flow and commercial financing needs.