Working
smart, not hard!
Residual income (also referred to as "passive income",
or "recurring income") is income that continues
to generate after the initial effort is completed. Compare
this to what most people focus on earning their entire lives:
linear income, which is "one-shot" compensation
or payment in the form of a fee, wage, commission or salary
directly proportional to the time spent or job done. You do
the job, you get paid for it, and the income stops coming
unless you continue to do more work. That's the way life goes,
right?
Really? Does it have to work that way? No, it does not. What
if you were able to do some hard work and then one day stop...
but then the money kept coming in? That isn't possible, is
it? Sure it is. It happens everyday.
For your consideration:
- Royalties - A movie actor
plays in a blockbuster movie or a musician records a hit
song, and the movie or song is considered a classic for
decades after it is released. When this happens, the entertainer
continues to collect royalties for decades after the release
of their hit. This is just one example of residual income.
An author of a book could also benefit from such residual
income.
- Investing - Investing is
done with the goal of residual income, isn't it? You purchase
shares or invest financially up front with the goal of ongoing
financial returns down the road. Any returns down the road
in the form of interest or dividends is another form of
residual income. Why do some of us invest in mutual funds,
401K's, or other investment avenues? Isn't it so we can
one day kick back and enjoy the fruits of our previous work?
What if you could do something really smart up front that
would bring you that kind of income much earlier in your
life? Wouldn't that appeal to you? This is exactly the kind
of residual income we will help you set up!
- Real Estate - Real estate
can be a source of recurring income if you own the property
and you receive lease or rental payments. These ongoing
payments or any equity they would assist in creating would
be forms of residual income.
- Retirement Funds - Another
more common way to set up residual income is any kind of
retirement fund. We put moderate amounts of money into them
throughout our lives with the intention of setting ourselves
up in the future with a source of revenue for us to draw
from without having to work any longer. This revenue is
residual income. Let's face it, we all want to live off
of residual income at one point in our lives, don't we?
After all, isn't that what retirement really is? In fact,
you may even know a few people who have been able to "retire
early". How great would that be? Well, why don't you
make that your goal starting today?
These are just a few real life examples of residual income
that you are familiar with already. So do you have to be a
brilliant and talented actor or musician to benefit from residual
income? Do you have to be an investment or real estate guru?
Don't you have to pay your dues and wait until you are at
least retirement age before you can expect to enjoy this kind
of residual income? Don't you have to be just plain lucky?
Not at all.
This kind of residual income is completely within your reach.
This kind of lifestyle is far more than a possibility. It
can be a reality if you choose it. It's up to you to decide
right now if you want to work hard for the rest of your life
because you have to, or if you want to work smart for a shorter
period of time up front and reap the benefits of your smart
work for the rest of your life!
Don't get the wrong idea here. We're not at all against hard
work or earning some good, honest, linear income (residual
income isn't good or honest? Hmmm...), but given a choice,
which would you rather do: work hard and get paid only once,
or work hard once and keep getting paid... perhaps for years
or even the rest of your life! We aren't entirely against
traditional good hard work. We are just huge advocates of
really smart work. We are simply emphasizing approaching work
with a goal of the greatest Return
On Investment (ROI) possible.
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