- Written by Skip McNutt
Trading Time for dollars. I think it’s safe to say that most of us have had experience with hourly pay. Entry-level jobs are a good example and usually pay minimum wage. It would be irresponsible to suggest that these jobs are not important. It is also important to recognize the fact that millions of people rely on these jobs and there is nothing wrong with that.
Trading time & Long-Term Productivity for dollars. Traditionally salaried positions are held by those who are wanting to grow in their position and looking ahead to future possibilities. Again, we must appreciate the value of these positions. The reality is that industry, in general, relies on salaried positions for expansion and growth. If you love the path you are on it is a good idea to remain on this path.
Residual: (How Fortunes Are Made)
Trading productivity for Time & Financial Freedom. The idea here is to perform the task once and
get paid long-term residual income. Writers, filmmakers, and recording artists are some of the best examples of those who grow their income over time by continuing to expand and publish their work. The good news is that anyone with the drive and talent to produce material can and often do create their fortunes. The bad news is that these talents are only expressed by a limited number of people.
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