Majority of young adults and even older adults get stuck in the ongoing rat race of the corporate world because of the wrong kind of mindset. Earning a huge sum of money is truly one of 50 shades, involving various twists and turns that unfortunately, many people are not conscious about. Most people go with the norm, working day and night thinking it would lead them to different pastures; but in fact, it only buries them deeper into debts and further financial struggles.
Understanding the different kinds of income streams can help make people aware of their current situations and rethink whether or not their way of making money is truly the right and better choice. Making better choices for you and your family as well as being open to new opportunities can take your career path to different heights. The 50 shades of green income streams will show you all the faces and factors involved in making more than enough money and will go down to the wire on why there are only a few people who take the step to lift themselves up on the road to financial freedom.
What does 50 Shades of Green Mean?
Before we proceed with the discussion on financial freedom and struggle, it is imperative that you first grasp what the shades of green really mean. A few years back, a fictional novel written by a famous writer hit the New York Times best seller list with 3 internationally acclaimed books. The 50 Shades of Grey is a novel discussing a fictional character’s struggle with intimate topics written in a very graphic manner, which is intended for adults only. Basically, the term “shades of grey” refers to anything that is multifaceted, involving various sides which show triumph and struggle.
With the huge phenomenon that made such metaphor a classic line for a lot of people all over the world, it is now used to describe various topics including money, work and life in general. The 50 shades of green simply signify how people look at money, considering all aspects involved with earning it, struggling to find it and many more.
50 Shades of Green: The Four General Types of People
In most countries, people are generally classified according to their financial status and standing in the society. Although most people think that financial and social standing only means being poor, in the middle or rich, there is a deeper idea behind financial stability and groups of people. There are actually four quadrants involved in segregating the poor from the rich, the struggling and the financially free. Part of the 50 shades of money is these four groups in accordance to the means in which people make money.
1. The employed group
This category is where you’ll find the majority of the working class. Simply put, these are the people who work day in and day out to receive payment in exchange for their services and expertise. These are the people that are usually living from paycheck to paycheck.
2. The self-employed professionals
Similar to the employed group are the so-called professionals. These men and women often own their establishments and render their services to people as one of the employees of their own facility. These people may also be described as the ones who do not rely on a certain employer and see it fit to charge their clients with the services that they have rendered.
3. Small and big businessmen
This group own small or big corporations and have people working under and for them, instead of being the employee themselves. Successful businesses can provide you financial freedom in no time.
4. Big time investors
The highest or best group among the 4 is the group of investors. These men and women have similar but not identical means of earning massive income. The difference is that these investors place their piled money on financial and business investments which can quickly multiply their capital.
The Two Major Divisions of Income Streams
There are so many ways to make money; may it be for just a small amount or a big one, decent or not. Generally, income streams are divided not by occupation or profession. Rather, it is divided by how money is generated whether the income is earned actively or passively. Becoming aware of these two major income stream divisions can help you assess whether or not your job or endeavor is a real money making scheme.
The concept behind the 50 shades of green mainly revolves around how you earn for a living. By understanding the 2 general types of income streams, people can distinguish for themselves which modes of making money is a waste of time and which ones will provide them with an extraordinary life and financial freedom.
50 Shades of Green: Money from Active Income
Almost everybody in this day and age earn a living through active income streams. These are jobs which require you to get up every morning and perform daily tasks in order to get paid for a day’s work. Although the word active may present itself as something positive and good, in the world of money making, such term is deemed to be negative.
Active income, which is also known as a linear income, fall under a one is to one ratio of earning money. This means that for every task you complete and every hour you perform your duties, you are to be paid for it accordingly. All types of occupation fall under this type of income stream. Simply put, your income will fall under this category if you have to work for it. If you don’t work, you don’t get paid. That’s active income.
The so-called rat race marks those day to day workers trying to keep up with the demands of their occupations without having a choice to stop, because when they do stop working, so does their income stream. If you consider this with the 50 shades of income and money, many people die without even having to taste a better life apart from working and struggling financially, just because they were never told that what they have been doing for the past 25 years is the wrong kind of money making scheme. In effect, people work so hard for money, instead of having money work for them.
50 Shades of Green: Money from Passive Income
The second type of income stream is one that is the road less taken. A passive income stream or a residual income mainly pertains to the exact opposite of an active income. Basically, instead of having to work to earn a designated salary, you make use of your money and make it multiply and flourish without you even lifting a finger. With the poor kind of mindset among the majority of working adults, an ongoing income from residual income schemes may seem too farfetched and that the possibility of success is very minimal.
This misconception is nothing close to the truth. When you work today, probably much harder than a regularly paid employee for a passive income, the return may seem a bit bleak at the start and all you may see is just your hard effort. Eventually, you will no longer have to work and the money will start coming in even if you’re sleeping soundly or you’re vacationing in the Bahamas.
Smart businesses and investments hold all the promise to the great side of the 50 shades of earning money. Choosing to be one of the people from the 3rd and 4th groups of people would be your best bet to financial freedom. Proper knowledge, a mentor to guide you through the journey and most of all unwavering faith in yourself are the key factors to attain financial freedom and to a life for you and your family that will definitely be way better than you’ve dreamed of.