Greetings to @patjewell for creating such an amazing contents. I'm happy to be part of the participants.
Today, I would be speaking on INCOME. But before further explanations, let's know the meaning of income.
what is income?
Income is an entitlement earned from engaging in monetizing activities.
This entitlement simplifies: money.
When I talk about monetizing activities, I'm simply referring to those business, jobs and tasks that can generate money. Many people generate money from different field of discipline, and it falls back to their pocket to become an income-earn.
Nigeria today is divided, youth are depressed. Children are tired. Everybody is tired of the government. Incomes are not forthcoming. Government embezzled every of it kind and leave the masses to suffer.
Now, I'm gonna tell you the beautiful difference between income and money.
- Money can be single, income can be combination of money earned throughout that say.
For instance, I may say, I have 100 naira with me before resuming office. But after working for that day, I now have 5000 naira with me.
Income is the combination of every gains you've made from your resumption time to closing hour. Total calculation of your profit for that day is your income.
Money can be a used to personalize ones height of wealth. Income can be used to over-personalize ones height of wealth.
Money may not be seasonal. Income may be seasonal.
Imagine you having money today and tomorrow you don't have. If you have 1,000,000 naira, and something peradventure happen and you remove 100,000 naira to solve problem, without replacement, you have reduced the money, but your income still remain intact. income is seasonal. That is a terminology used to describe the amount of wealth you might or likely possessed.
- Money is physical. Income is spiritual. Even the Bible said, the physical controls the physical. Take a look at this. Back then in decades, there was no money, what they had then was income. I can take my goods to the market and when I'm done selling, I earn huge income, that will sustain me. Physical money has kept many wandering till date.
I'm not saying money is not good. Money is good. My point here is that, money is that thing you claim of having, while income is already visible in you. You need to activate it by engaging in either business or working activities.
Now, let's briefly look at the mnemonics of INCOME:
Letters | Mnemonics of Income | Meaning |
---|---|---|
I | Independently | Income makes you to be boss of your own. Income will not be visible until your money grows from a dietary point to an investing level. You'll be independently free when income begin to be visible in your daily monetization activities. |
N | No | Money will force you to say Yes to bribery and corruption. But Income will help you to say No. In income, you are the boss on your own, you don't need any entitlement to lose your ground. |
C | Cash | Income is the cash you've accumulated so far. You can proudly tell someone, I have some cash, both in my wallets, account and other agents. |
O | Optional | Income is optional, not everybody loves been bosses on their own. Some prefer working for others eight to twenty times. Income grants you satisfaction. |
M | Momentum | You begin to find momentum in whatever you do. Others may be shaking, because they've not started enjoying what you're enjoying, they are still making money. @bossj23 is an example of an income-generating moderator. He doesn't work for one body alone, he works for thousands. And when you want to compare his wealth, it's not just a money, it's an income. |
E | Everlasting | Checkout, a wealthy man will never tell you that he/she is broke irrespective of how sad the nations economical system is. Because their income is everlasting. |
In summary, Income doesn't finish, it's everlasting, but money finishes.
Money is paper. But Income is everything around you. Your inheritance can be your income. You earn it by virtue of integrity and otherwise.
I share 10% to @steemladies account for support and growth of the Steemit community
I invite @goodybest and @ngoenyi to participate
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