Three types of income

Añadido: 2026-05-19

[00:00:00]Okay, three types of income, let's get into it. First income is uh wages.

[00:00:04]Second type of income stream is commission. And the third type of income stream is residual income. Let's get The first one is wages. Wages is something where you actually put hour you exchange hours for dollars, where you're working on a JOB or a job. Um commissionable income is something you sell a product or a service, you get paid instantly for that. But the third way is residual income, where you actually wrote a book, you actually wrote a song, [music] and every time somebody purchases it or, you know, plays it, you get residual income.

[00:00:33]You get paid over and over and over.

[00:00:35]Those are the three types of income streams that you should incorporate in your life. You probably already have the first one, but you need the other two in order to start living the lifestyle you've always wanted to live. If you don't have the other two income streams coming into your household, um then you're going to be working for somebody else for the rest of your life. So, if you want to learn what income streams that I've created for myself, um go ahead and go to my bio and