Profit sharing is like someone renting out a house and giving you a percent of the rent. If they sell the house, or if no one rents, the gravy train stops. Equ

Profit sharing is like someone renting out a house and giving you a percent of the rent. If they sell the house, or if no one rents, the gravy train stops. Equity is like someone giving you a percent ownership in a house. It won't put money in your pocket now, but you'll get paid when the house sells, assuming it ever sells, and for more than any mortgages against it.