Earn Income Or Create Wealth?

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| By JayeLill
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JayeLill
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1. I want to focus my time on

Explanation

I want to uncover my hidden passions and talents and use them to make a difference in people's lives. This makes people want to come to me. They pay me money, because my work benefits them.

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About This Quiz
Earn Income Or Create Wealth? - Quiz

In today's tough times, many people have seen their wealth get smaller.
In order to get more money, which strategy strengthens your financial safety net more permenantly?
.

2. People who focus on CREATING WEALTH love to learn and help others. Companies are in the business of creating wealth and they prefer people who CREATE WEALTH (add value) over those just want to EARN INCOME (get a paycheck).

Explanation

True. The strategy where I spend my time, shapes my attitude. My attitude attracts employers and opportunities to me. I will continue my personal journey at www.MostValuableMe.com.

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3. How is WEALTH CREATED?

Explanation

Wealth is a fuller, richer life. It is measured not only in money, but in quality of life, including the satisfaction of being highly desirable because I make a difference in people's lives. WEALTH = MONEY traded for VALUE.

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4.
  • How is INCOME EARNED?

Explanation

Income is what I have left over after my costs are paid. Income = Revenue - Expenses.

Cash-in is all money coming in (loans, credit cards, wages, sales).
I may get money from credit cards or loans, but debt is NOT income.

Revenue is all money received or coming in later (wages, sales, commission, accounts receivable (debts owed to me))

Income is based on Revenue. One easy way to remember income: the government will (likely) tax it.

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5. Income = Revenue - Expenses, If you used EARN INCOME's strategy to get more money, you would

Explanation

If I focus on earning INCOME then my only options for getting more money are to RAISE PRICES or LOWER COSTS. (This is INCOME's strategy.)

SHAPES FEELINGS. In a tough economy, cutting costs can only be taken so far, so focusing on this strategy may find me tired and discouraged.

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6. Wealth = money traded for value. If you used CREATE WEALTH's strategy to get more money, you would 

Explanation

If I focus on creating WEALTH, then I will learn, innovate, and be WORTH MORE. (This is WEALTH's strategy.) Money is traded for VALUE and my value is measured in how I create fuller lives: save others TIME, save MONEY, and add QUALITY.

SHAPES ATTITUDE: People using CREATING WEALTH strategy are often energized, creative and enthusiastic - and more like to attract employers or new clients. I love to learn and BE WORTH MORE.

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I want to focus my time on
People who focus on CREATING WEALTH love to learn and help others....
How is WEALTH CREATED?
How is INCOME EARNED?
Income = Revenue - Expenses, ...
Wealth = money traded for value. ...
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