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MASTERING THE ART OF BUSINESS PART 2(TYPES OF INCOME)

     In the world of business, hardwork is required provided prayer is kept constant. Mogul's don't work for money, they have their money working for them. The secret is they use money to make more money. Like Aliko Dangote once said in a conversation with Aljazeera in 2016. He said; “we in dangote group are not doing like other Africans who keep most of their money in the bank, we fully reinvest whatever we get and keep on investing”. That's a secreat many people have failed to realize, that's why its preferable to start a business as a bachelor where there are no much responsibilities.
     There are three category of income received which are; 
*Earned income
* Passive income 
*Portfolio income
When you go to school to get a good grade and find a safe secure job, you are working for an earned income. That means earned income are incomes received from jobs in an organization or from the government. 
Passive income is a kind of income you get from investment a good example is real estate investments. It is also a type of income gotten from small or large scale business. 
Portfolio income is particularly an income received from paper assets... Paper assets such as stocks, bonds, mutual funds, financial services. Portfolio income is the income that makes Jeff Bezos, Bill Gates, Bernard Anault etc The richest men in the world. 
The ability to convert earned income into passive income is a very intelligent action employee's should take advantage of I.e trying to invest from your monthly earned income. A woman who worked with a federal university for 15 years was sacked as a result of some casualties. This woman had no savings and no investment, much responsibilities on her head as she was a mother of 5 children. [eternal regrets]. 
     Just as the law of economics is scarsity, the law of business is competition. You compete to gain grounds, you compete to earn, you compete to succeed. To compete you need to think without the box not outside the box. ...

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