Moguls Magazine Quarterly Issue 2 Fall 2014 COLLECTORS EDITION | Page 24

“pROfITS wILL ALwAyS Be BeTTeR ThAN wAGeS: LeT’S TALK reSIDUAL” By: calvin Lunsford, II. Growing up I was taught like every child, go to school, get good grades, go to college, graduate get a good job and that was the blueprint to success. After following those steps, I quickly came to learn that it was something missing. while listening to Jim rohn, a light bulb went off in my head once I heard his famous quote “Profits are better than wages. wages will make you a living; profits can make you a fortune.” It blew me away once I realized that this was true, because most people who become financially successful are people who get on the profit side of business rather than the wage side. On the profit side, you own and can reinvest your money to create more money, but on the wage side in order to make money you have to trade time. Time away from your family, hobbies, and building your own dreams. Most people choose the wage side because its low risk, but what people don’t realize is that it is low re-ward. No one becomes wealthy from the wages side. On the other hand, when you look at every single person on the Forbes List there is one thing in common, they are all on the profits side. You are probably like I was once I found this out, wondering how to get on the profit side. Getting on the profits side is simple, all you have to do is start or own your own business. 22 www.BlackMogulsMagazine.com when it comes to starting a business most people get scared because they do not know what to do or they lack the capital to start up. I know the feeling I felt the same way, until I found a way to get on the profit side. which was a home based business that caught my attention because it was low start up with the benefits of commissions, bonuses, and residual income. Knowing what I knew about residual income, which means doing the work once and getting paid a lifetime made to much sense. Be-ing able to get paid residual income like a Hollywood Movie Star or Grammy winning recording Artist with royalties and syndication was an eye opener. I knew by getting paid on work that was done once, over and over was a way to put generations of my family on the profits side. So if you ever really wanted to build true wealth for generations to come I suggest you look on getting on the profits side. For more information on how I did it visit www.theblueprinttowealth.com