4 MUST HAVE INCOME TYPES FOR FINANCIAL SUCCESS

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4 MUST HAVE INCOME TYPES FOR FINANCIAL SUCCESS
...by Oluwatosin Samuels


Dictionary defines income as money received, especially on a regular basis, for work done or through investments.

In recent times, I've been undergoing some personal study on money and finances after a very embarrassing season I had to go through. Let me state for emphasis sake that I learn and teach better by personal experience than I ever do by reading the best of books or watching videos on life matters.

That said, I've learnt that there are 4 highly important income sources that an individual should have if he's to live a quality life on earth and I will go straight to discussing them:

1. Daily income: This income type should come daily and in regular amounts. It is the most important income that every person must have. And why is that? Each day comes with it's own expenses. If you can secure a daily avenue of wealth no matter how meagre it is, you begin to find financial rest. It is the best income to have to cultivate a saving culture. An individual that has a daily source of income is richer than one who makes millions of dollars once in months or years without an extra source.

2. Monthly income (Salary): this is the most popular income type among the working class and over 90% of income earners fall under this income category. The calendar that breaks every year into months ain't there for fun. It's there to encourage planning for the days ahead, supports bulk purchases and thereby helps save cost. This is another essential income to have. Even if you run a personal business, it is of great necessity to separate an amount that serves as regular salary. Note the word "regular". In addition, salary is another income type that supports a saving culture.

Now, what are the other income types and what position do we take in having them?

to be continued...

If you'll like the next episode in this series sent personally to you. Kindly drop your email or chat me up on +2348068230088 (whatsapp). And do you think this would bless someone out there? Kindly share.

My name is Oluwatosin Reallion Samuels. You can find me on all major social media handles with my name. I'm a writer, my power is in my pen: a public speaker, my tool is my mouth: and a Life/Wealth coach, my passion is to improve lives.

With love,
Reallionaire®

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