Earn Income Or Create Wealth?
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? .
- 1.
- How is INCOME EARNED?
- A.
Income = Cash-in less Cash-out. (I get money by credit and working.)
- B.
Income = Revenue less Expenses. (I get money by earning more than I spend.)
- C.
Income = Cash less Costs. (I get cash by working.)
- 2.Income = Revenue - Expenses, If you used EARN INCOME's strategy to get more money, you would
- A.
Give your savings to a banker or investment firm.
- B.
Work longer/harder, because you EARN by exchanging your time for money.
- C.
Ask for a raise, because INCOME's strategy is RAISE REVENUE.
- D.
Cut back, because INCOME's strategy is to LOWER COSTS.
- 3.How is WEALTH CREATED?
- A.
Wealth = money saved.
- B.
Wealth = money traded for value (I'll give you money if you make my life richer, fuller.)
- C.
Wealth = peace-of-mind.
- 4.Wealth = money traded for value. If you used CREATE WEALTH's strategy to get more money, you would
- A.
Explore what government stimulus money you qualified for.
- B.
Rediscover your passion and hidden talents, because that helps you think of creative ways to help others.
- C.
Learn more to make you faster, more innovative, and quality driven than others with same job/business.
- D.
Waste your time, because only companies CREATE WEALTH; individuals EARN INCOME.
- 5.I want to focus my time on
- A.
Earning income.
- B.
Creating wealth.
- 6.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).
- A.
True
- B.
False
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