After the financial tsunami in 2008, regardless of which country’s labors, will found that "the salary did not rise but consumer prices are soaring in recent years." This is because the result of economic liberalization, all people on earth has long been economic liberalization tied together. Looking ahead to the next decade, the low-wage tide is bound to continue for a while.
As most of the country's fiscal tax are based on wage earners that will lead to the decrease in government revenue, the government can take the means of cutting benefits or raising taxes, either indirectly or directly raising. The wage earners and even the wealthy family will be affected. This already happened. The wealthy rich flee high-tax countries, wage earners in the country continue exchanging time for money to pay taxes.
The global economy is still in the period of adjustment. The wage earners will find that job opportunity is decreasing and the working hour is increasing. And even the young people cannot find an opportunity, because the older generation did not dare to leave their position. The impact of the predecessors, fear of layoffs and increase the working hours for overtime without complaint, and the young people are forced to be entrepreneurs or direct sales or join franchise industry.
Income can be summarized into active income and passive income, the former is your salary. Your labor time in exchange for a salary, you want to have to raise 20% of working time for 20% of increase in revenue. In the other hand, passive income can produce continuous and fixed income with one time hard working. Usually passive income payback period is very long, assuming your salary income working 40 hours a week for $100, the same investment in passive income generated in the 40 hours may be only $1. The first week seems to losses of $ 99, in fact, you weekly fixed income to $1, after 100 week you started breakeven.
In addition, you worked for a year and got 5% pay increase, the weekly salary of $105. The same time, one year (52 weeks) after, passive income weekly salary will be $52. For a passive income earner, they don’t have to work a week to pick up the money, but the wage earners lost $105 weekly salary forever if they don’t work.
What is passive income?
1. Deposits: the worst passive income, banks give you interest income is less than the speed of currency devaluation
2. Bonds: not the most stable passive income after 2008, bond issued by the government or the company to your interest income
3. Royalty: the inventor obtains a patent after a one-time hard working and can get pay in 20 years.
4. Real estate: buy a house to be a landlord. If the location is great you may also have value-added benefits.
5. Stock: blue chip stocks issued annually with the stock dividend or cash dividend
6. Internet advertising revenue: building site traffic and advertising system, and co-work with the AM platform to share advertising revenue
7. Writing a book: the era of knowledge explosion, the knowledge of the whole inside and placed on a platform for selling books, and also to collect royalties
8. Network Marketing: similar to the kind of entrepreneurship, characteristics of all direct sales system has passive incomes
9. Insurance agent: Insurance commission from the customer the installments paid the premiums, as long as the customers have to pay your income there
10. Venture: including franchise. If your career can be copied you get passive income, even your business is small.
As most of the country's fiscal tax are based on wage earners that will lead to the decrease in government revenue, the government can take the means of cutting benefits or raising taxes, either indirectly or directly raising. The wage earners and even the wealthy family will be affected. This already happened. The wealthy rich flee high-tax countries, wage earners in the country continue exchanging time for money to pay taxes.
The global economy is still in the period of adjustment. The wage earners will find that job opportunity is decreasing and the working hour is increasing. And even the young people cannot find an opportunity, because the older generation did not dare to leave their position. The impact of the predecessors, fear of layoffs and increase the working hours for overtime without complaint, and the young people are forced to be entrepreneurs or direct sales or join franchise industry.
Income can be summarized into active income and passive income, the former is your salary. Your labor time in exchange for a salary, you want to have to raise 20% of working time for 20% of increase in revenue. In the other hand, passive income can produce continuous and fixed income with one time hard working. Usually passive income payback period is very long, assuming your salary income working 40 hours a week for $100, the same investment in passive income generated in the 40 hours may be only $1. The first week seems to losses of $ 99, in fact, you weekly fixed income to $1, after 100 week you started breakeven.
In addition, you worked for a year and got 5% pay increase, the weekly salary of $105. The same time, one year (52 weeks) after, passive income weekly salary will be $52. For a passive income earner, they don’t have to work a week to pick up the money, but the wage earners lost $105 weekly salary forever if they don’t work.
What is passive income?
1. Deposits: the worst passive income, banks give you interest income is less than the speed of currency devaluation
2. Bonds: not the most stable passive income after 2008, bond issued by the government or the company to your interest income
3. Royalty: the inventor obtains a patent after a one-time hard working and can get pay in 20 years.
4. Real estate: buy a house to be a landlord. If the location is great you may also have value-added benefits.
5. Stock: blue chip stocks issued annually with the stock dividend or cash dividend
6. Internet advertising revenue: building site traffic and advertising system, and co-work with the AM platform to share advertising revenue
7. Writing a book: the era of knowledge explosion, the knowledge of the whole inside and placed on a platform for selling books, and also to collect royalties
8. Network Marketing: similar to the kind of entrepreneurship, characteristics of all direct sales system has passive incomes
9. Insurance agent: Insurance commission from the customer the installments paid the premiums, as long as the customers have to pay your income there
10. Venture: including franchise. If your career can be copied you get passive income, even your business is small.
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