Income Security

Income Security itself explains that you need security for your income. If you are dependent on a single source of income, you are at high risk. Because, you may lose your job at time as it is not permanent in nature. If no job, then think about the status of your family, EMI, house rent, car loan and home loan if any.

Remember whether you are junior or senior in your office, team leader or team manager, project manager or director of the company, even the CEO is an employee of the company. You may think the security guard is sitting is for you, the air conditioning is yours, the carpeting is yours, the computers are yours. Everything is temporary in nature. Even you yourself is temporary in the company.

Income security is something where the money keeps flowing in at your absence. Please sit back and think whether your money or wealth grows while you are awake or while you are as sleep.

There are only four ways of earning income:

Cash Flow Quadrant by Robert Kiozaki

The above diagram states four source of income. They are job, self employment, business and Investors.  The job and self employment are active income. The business and investors are the people who are leading a luxurious life. Hence, it is sure that the business is the way to for financial freedom.