The Secret Power of Residual Income
Have you been dreaming of a time when you can finally live life on your own terms? Perhaps travel to Paris if it suited you, or spend a week or two during the holidays, doing nothing but having fun with family and taking it easy?
When you think about the life that you want to live, does include more free time to do the things you love, or does look like what you’re probably doing now? Chances are, if you’re reading this post, you long to be the boss of your own life, calling the shots as you dictate and somehow being able to financially make all of your dreams come true.
Does this picture perfect life of yours include a 9 to 5 job, with hours spent making money for someone else and just a little more than half of the fruits of your labor ending up in your own bank account?
Do you want out of this rat race, where every promotion means more money to share with your CEO and the government, and longer days spent in the office for you?
At this website, I've been teaching people all over the world the power of residual income, and how you can finally have the time, peace of mind, and luxuries that you’ve always wanted.
Additional Resources:
"How to Avoid Getting Overwhelmed When Starting An Online Business"
So what is Residual Income? Simply put it's income or benefits from work over and over and over again that you did ONE time! Residual income is income that’s yours to enjoy for the life of the product that you’re selling, or for as long as the information you have provided is used by consumers.
Examples of residual income include:
- EBooks and digital content that are written once, and then sold multiple times online
- Real estate that you own, with rents being collected on a regular basis
- Royalties from an invention that you created
- Network Marketing in which subscribers, or a customer base, continuously purchase products from you, year after year, or month after month
You may have heard the term passive income, which is similar to residual income except that passive income is money earned on extreme “auto-pilot” mode. It’s recurring income that is yours for the taking, with someone else literally doing most of the work to put that money in your wallet.
If you go to sleep at night and wake up in the morning with visions of complete freedom, actually LIVING your life instead of waiting for that one day where you’ll get to live on your own terms, passive income is a phrase that you should engrain your brain right now, and paste all over your vision board (you do have a vision board, right?)
Passive income yields the highest profits for the littlest amount of effort, and it sure beats dragging yourself to a cubicle every day.
Examples of passive income include:
- Becoming a world-famous author, and having agents and PR people promote your ingenious prose
- Buying an apartment building or commercial real estate complex, and hiring a manager to take over management duties for you
- Buying an established website that ranks well on Google, and already has hundreds of sponsors in the wings, or other businesses ready to advertise your brilliant content
- A MLM or Network Marketing Home Based Business, in which you hire effective leaders to sell the products you’ve introduced them to and to recruit other like-minded business people into the income opportunity.
You can see that residual income, and ultimately passive income, will allow you to spend most of your time letting someone else do the work that lines your pocketbook with riches, instead of the other way around.
The power of residual income lies in the premise that you are the business owner, and you are building something substantial, that will supply you with all of the financial success and stability you need to last you well into retirement and beyond.
You do want to own your own business, right? I’ll bet that want to make money and enjoy life, without all of the day-to-day “stuff” that goes along with most business opportunities.
That’s where Network Marketing comes in. No more worrying about making ends meet. No more wondering if your job will be there tomorrow. No more dealing with employers who demand too much and offer little in return.
They boh have many sources of residual income ...
It’s your turn to be the creator of your own life.
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