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This information and information on websites are provided as an overview of products and plans provided by Pre-Paid Legal Services, Inc. ('PPLSI'). It also applies to products offered through PPL Legal Care of Canada Corporation and other subsidiaries. LegalShield provides access to legal services offered by a network of provider law firms to members and their covered family members. None of the above corporate entities, nor its officers, employees, or sales associates directly or indirectly provide legal services, representation, or advice. Any forms provided are not legal advice and should not be construed as such. You should consult with a lawyer to confirm the form meets your needs. No guarantee or promise of increased income or business is implied. Individual results and success as an independent sales associate depends on individual effort and abilities. These experiences are specific to each independent associate’s efforts, abilities and motivation. For statistics on actual earnings please review the Income Disclosure Statement. PPLSI employees and associates operate under our Code of ethics. Case studies are actual member experiences. Names and identities have been changed for privacy and privilege requirements. The benefits and prices described are not always available in all states and Canadian provinces or with all plans. See plan details and your member contract for specifics in your state or province of residence. Use of this website and the services is subject to PPLSI’s Terms of Service and Privacy Policy.

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Linear, Leveraged, Residual – How Do the 3 Main Types of Income Apply to You?

August 2024

What if you could earn income based on providing access to important services to people who need them? But wait – before we get ahead of ourselves, let’s talk about the different types of income.

We all need to make money to survive and thrive. But did you know that there are different ways to make that money? There are three main income streams: linear, leveraged (or passive), and residual.

Linear income

Maybe you wake up to an alarm clock every morning, grab a cup of coffee, and head out the door to your daily job. You are most likely earning linear income. You receive a paycheck based on how much work you do. If you put in more hours, hopefully you get paid a bit more money. At the end of the day, you come home with money that you directly earned by working a job.

Leveraged or passive income

Let’s say you start building a business by selling services to other people. After a while, you begin adding people to your business team. These people begin selling the same services, and you earn override commissions when your team members make sales. Leveraged income is what you earn when you rely on your business associates to make money for your business.

Residual income

Picture this: You work hard, putting lots of hours and effort toward a cause that you are passionate about. Your hard labor starts paying off and you continue to earn money on the work you have already done. The income you receive after an initial investment of time and resources is called residual income.

What kind of income do you want to earn?

At LegalShield, we believe that people deserve the chance to earn money while making a difference. We make legal access affordable and simple, putting LegalShield Members in contact with knowledgeable provider law firms in their area at a fraction of other lawyers’ hourly rates. We make these services available to the public with the help of LegalShield Independent Associates – people like you!

When you become a LegalShield Independent Associate, you join a cause that has helped level the legal playing field for over 50 years. You can start building your business with the tools, webinars, and networking opportunities that we provide for you. Offer LegalShield services to the public at your own speed from the palm of your hand with the online resources that you’ll find on our app. As long as a LegalShield Membership that you sold stays on the books, you continue earning residual income!

Better yet, you don’t have to do all the work solo. We encourage you to build your LegalShield business by adding more associates to your team! As your downline associates sell LegalShield Memberships to more people, you will earn leveraged income. LegalShield believes that teamwork makes the dream work.

Consider the types of income that we explained earlier. Which type sounds like the most attractive option to you? How do you want to start earning that income today? Look no further than LegalShield. Start building your business by selling affordable and accessible legal services to the people who deserve them.

Pre-Paid Legal Services, Inc. (“PPLSI”) provides access to legal services offered by a network of provider law firms to PPLSI members through membership-based participation. Neither PPLSI nor its officers, employees or sales associates directly or indirectly provide legal services, representation, or advice. The information made available in this blog is meant to provide general information and is not intended to provide legal advice, render an opinion, or provide a recommendation as to a specific matter. No guarantee or promise of increased income or business is implied. Individual results and success as an independent sales associate depends on individual effort and abilities. These experiences are specific to each independent associate’s efforts, abilities, and motivation. For statistics on actual earnings please review the Income Disclosure Statement at wearelegalshield.com/income-disclosure. Information contained in the blog may be provided by authors who could be a third-party paid contributor. All information by authors is accepted in good faith, however, PPLSI makes no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of such information.    