Income Science Definition
and Importance

by Lawrence T. Scott
Founder, IncomeScience.com

What is the Income Science Definition?

Money – A Medium of Exchange

Income – A “Stream” where Money Flows to You; Source of Money

Science – Concepts, Principles and Logic providing a theoretical explanation

Through self-study I uncovered for myself there is actually a “science” behind producing income which I have aptly named Income Science.

Mind you, I’m NOT saying I invented the science – it was already there. My only claim is that I coined the term because it fits what I uncovered from my investigation and analysis of the nature of this.

Thus you have the Income Science definition.

The Importance of The Science

There is some confusion out there about how things work when it comes to budgets, spending, expenses and income. The idea that you can spend your way out of financial problems is untrue. You cannot do it with your household finances and you cannot do it as individuals, organizations, businesses or government. You know this when you sit at your kitchen table with your bills.

A careful analysis of the activities involved with money and income clearly shows there is logic to it. There are definite, clear cut concepts and principles behind making money. Even describing the process as “making money” is revealing.

There are in fact Four Pathways or Avenues people have used to obtain money. And once again, describing the process is revealing. The concept to “obtain money” is a starting point.

As mentioned, we have clear definitions. We know from this that “Money” comes from a “Stream of Income” or “Income Stream.” There are many other definitions and concepts that are part of this incredible science.

It explains why those who rely on job (employment) income generally have difficulty having enough money. When you examine this further you find there are a lot of problems with jobs as a way to make money.

The principles of the science are straightforward.

Here is an example of a basic “Income Science” principle:

Career choice determines Income Level determines Standard of Living

Knowing these various concepts and principles and applying them can make the difference when it comes to income.

For instance, when it comes to what is involved in the production of income, you consider the methods available. This includes things like employment, which is what most people do. And there are also investments, such as stocks. There are earnings for governments from tariffs and taxes! But the focus here is on personal earning.

The concepts and principles behind “Income Science” deal with these matters. To learn more Click Here

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