Residual Income is when you work once but continue to get paid over and over again from work you're no longer doing. Residual Income. That's a fancy term for a 'recurring" stream of income that continues to flow whether you're there or not.. Investing in or creating true assets that provide Residual Income for you is your ticket to wealth. To gain financial freedom you need this cash flow from 'Residual Income'.
To put it simply, Residual Income is income that continues to generate money for you even when you have stopped working. Residual Income is financial freedom with real financial security.
The wealthy know about the power of Passive Residual Income
Paul McCartney, Stephen King, and Garth Brooks are wealthy men because they all understand and use the concept of passive residual income... they produce a master, then sell millions of copies. Even Bill Gates, the richest man on earth, uses the power of passive residual income in his primary business model. Do some brainstorming yourself and think how the richest man on Earth create his sources of passive residual income.
Passive Residual Income means you do not need to sell you time to earn the residual income.
Savers earn interest. > Passive Residual Income
Song writers earn royalties on their songs. > Passive Residual Income
Authors earn royalties from their books and tapes. > Passive Residual
Income
Network marketers get residual commissions. > Residual Income
Actors get a piece of the action. > Residual Income
Entrepreneurs get business profits. > Residual Income
Investors get dividends, interest and appreciation. > Residual Income
Visual artists get royalties from their creations. > Residual Income
Software creators get royalties. > Residual Income
Game designers get royalties. > Residual Income
Inventors get royalties. > Residual Income
Partners can get profits. > Residual Income
Mailing list owners get rental fees. > Residual Income
Real estate owners can get cash flow profits. > Residual Income
Retired persons can get pensions. > Residual Income
Celebrity endorsers get gross percentage profits. > Residual Income
Marketing consultants get % of profit or gross revenue. > Residual Income
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