No man be truly wealthy without owning a business system. It guarantees what is known as residual income or reoccurring income.
Since I stopped working as an employee, my salary has ceased. That is active income but since Jim Ovia stepped down as the MD of Zenith bank, his income hasn't ceased.
He owns the system. A system and people creates you what is called Leverage. Leverage is the ability to influence a system or an environment in a way that outcome multiplies without increasing personal input. So I can say Mr. Jim Ovia is leveraging on all the staff of Zenith bank.
Residual income is income that continues to be generated long after the initial effort has been expended. Don't be deceived, we all need to build before residual income flows. The first documented billionaire in America, J Paul Getty, summaries this long sermon as, "I would rather earn 1% of a 100 people's effort than 100% of my effort"
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