Your Job Controls Your Salary, Not Your Income

We’ve all been raised with the idea that having a good job is the key to financial security. But what most people don’t realize is that being an employee will only ever get you so far – your real income potential lies beyond the confines of a traditional salary.

As an employee, you’re exchanging your time, skills and productivity for an agreed upon wage. But that wage is ultimately under your employer’s control. They decide what your work is worth to them and you have little bargaining power to negotiate significantly more, even if you bring in much greater value.

Your income is limited by what your job will pay rather than what you’re truly capable of earning. And you have no stake in the larger success of the company. If business declines, your salary is often the first thing to get cut.

But when you think of your “income” rather than just your “salary”, the picture changes dramatically. Income represents all the ways you’re able to generate value and get paid, not just the single paycheck from your corporate job.

True wealth and financial independence comes from developing multiple streams of income that aren’t dependent on any single employer’s willingness to compensate you. Things like:

• Passive rental real estate income