DIFFERENT TYPES OF INCOME

 There are generally three types of income.

First there is LINEAR INCOME

In Linear Income, you earn money in exchange for  your time. The more money you want to earn, the more time you need to spend. As an employee, if you are paid wages or a fixed salary, then you are earning linear income.If you want to earn more, you have to work harder and sacrifice more time by working overtime. So, with linear income you could never have time and money since the more money you make, the less time you would have. The problem is, there is a limit to how much you could earn based on time. If you were to stop working or fell sick, your income would also stop. This is a very fragile income source with little security. Unfortunately, this is where almost all of us are, if we work for someone else.

The same concept applies for some businesses. For example, if you are in the business of selling water filters, then every water filter you sell will earn you an income. The more time you spend selling water filters the more money you would make. This is an example of a linear income.

The second type of income is RESIDUAL INCOME

Residual income is income you make from initial efforts. Intensive efforts are made in the initial stage and then income is reaped continuously for a period of time or indefinitely. For example, Michael Jackson will continue to earn royalties from his future sales of his music albums or from people singing his songs; even after his death. His successors now earn the royalties after his death. Another example would be royalties earned by writers every time you buy their books.But these royalties are not indefinitely as they have a fixed time span.

Imagine  when starting a business, you  spend time to build up the relationship with your potential customers. Once the customer uses your products or services, and he is satisfied, he would stay with you for more. However, in the second time around, you probably would not need to spend time attending to the same customer in order to get a second order. If your product or service is of high quality and proven to reliable, your customer will always return to you. You work less but still earn an income. This is called Residual Income or  Recurring Income.

So back to the water filter example; imagine you have sold 10,000 water filters and each water filter has a consumable part that needs to be changed periodically such as the filter itself. Then all you need to do is to sit in your office and wait for phone calls from your 10,000 customers wanting to change their water filters. The printer companies don't make the bulk of their money selling you computer printers; they make more from selling you ink cartridges.

By having a residual income, you are actually leveraging time. You spend less time and earn more money. The question then is how to find residual sources of income. When you are in business, according to Paul Getty; you must offer highly unique and consumable products. Why? Because these products will be able to give you residual income.

Finally one can earn MULTIPLE INCOME from multiple sources at the same time. This is the best and most exciting type of inome. You may earn multiple income, by leveraging your time for wealth creation. Multiple income is earned from the efforts of others.

You want to be able to earn $1 from 100 people rather that earn $100 from your own time. Now, why would anyone give you $1? In the water filter example; if you have 100 people selling water filter sfor you and you earn a cut from every sale, then that would be multiple income.

Consider the McDonald's franchise concept. Ray Kroc did not become a millionaire by selling hamburgers. He has independent business owners selling the burgers for him and they each pay him a franchise fee of the percentage of sales. What Ray has is a proven system that can be duplicated. Multiple income is based on the concept of "the power of duplication" or what we can call the "effects of multiplication".

Curious about creating multiple sources of income? Attend the 'You Can Create Wealth' seminar. Click the 'Financial Education Seminar' banner on the top left  for the latest schedule.

What is Money To You?

"Money is the root of all evil!" "Poverty is holy and money is evil!" As long as I have enough money for my living, I am happy. These are some the money concepts originating from our childhood experience. People who influence us the most are those who are closest to us and those who come in contact with us regularly; our parents, friends and school teachers. Inevitably our Money Concepts are subconsciously inherited from our elders. Perhaps you don't even know you have such unfit Money Concepts from your upbringing.

The truth is that... money itself is not evil unless you use money as a tool for manipulation and external power. Money only makes you more of what you already are.



The Money Mastery Seminar does not deal with the correct Money Concepts, as there is no right or wrong concepts but merely different perceptions from different individuals. What the seminar wants to share is the perception or mindset of the Rich and Wealthy; how they behave, think and believe in. Knowing and learning from their Money Concepts will help you to change your unfit Money Habits so that you can get your desired Money Results.

No doubt that changing mindset and habits is a long and difficult process but it is never too late to START NOW. Students who are over age of 50 years have joined the programme and are still able to benefit from it. Like me, the only regret they have is "if only we had known these concepts 30 years ago. Our destiny would have been different."

KC See have spent many years searching for the codes of wealth and have been applying and mentoring the principles to mentees, young and old from all walks of life!
So How About You? Are You Ready To Make A Change?

Narrowing the gap between what you KNOW and what you DO

•You will learn how to make money, with or without money.


•You will understand what has been stopping you from creating the life you desire.


•You will discover the Principles of Leveraging, the Opportunity Search Process, Multiple Sources of Income


•You will break through personal barriers and free yourself from your comfort zone

And much more ...

Joining the Money Mastery community is a life-changing process. KC himself went through a similar experience in Los Angeles under his mentor Robert Kiyosaki.

You need to learn from those who have succeeded to bring you to the path of success and financial independence. There is an old Chinese proverb that says "Learn from the cradle to the grave". This means to say that one's education never ends but it is a continuous quest for knowledge. The field of knowledge is so immense that the more you learned you become, the more you feel you do not know enough.

The journey of financial education will not only bring wealth in your life and most importantly, enriches  your soul and mind to a higher level.

Upon completion, Money Mastery students will be able to demonstrate what they have learned by manifesting some of their financial intentions. Students will master how to devote their attention on the habits that they must inculcate daily in order to manifest their thoughts into actions for the financial freedom that they desire for themselves and for their loved ones.

Don't delay,
Click the 'Financial Education in Asia' banner on the top left now!