What Is Residual Income?
Some of you may not have heard of Residual Income or maybe simply haven’t taken the time to look deeper into it. But in honest truth, Residual Income is the most powerful source if income when deployed correctly. The rich utilizes this source of income to earn their money for them WITH
OUT continually working.
Residual income is a type of income that keeps coming in on a regular basis, from work you do once or by leveraging other people to work for you. In short, it is an income that will keep on coming in even when you are asleep or away on a vacation. Contrary to popular beliefs, Residual income is nothing like those “get rich quick” – which is unfortunately misunderstood by many people. In fact, it requires a lot of effort and dedication, especially when you’re just starting out. It takes time for the magic to start working and the ball to start rolling.
Residual Income Is Leveraging Other People’s Time
There aren’t many people that are aware of this method known as time leveraging to create long term Residual Income and I wish to change that. By leveraging time, you are not limited to work by the hours available to you in a day. Take this example, 24 hours of your own time vs 24 hours of 10 other people doing the same work, wouldn’t that produce much better and faster results? The thing about earning from Residual Income is that your productive time is leveraged, your time spent at work is increasingly worth more and more. Unlike fixed salary employment, leveraged income has exactly no limit to how much you can earn.
There is nothing wrong with swapping your time for money, in fact, it is considered to be an honorable way of earning a living by the society. Some people can earn good money exchanging their time and labor. The hourly wages can run from a few dollars to hundreds of dollars an hour. However, think about it, why would you work for someone who is leveraging YOUR time (in this case your BOSS or clients) when you can definitely leverage other people’s time and gain greater profit?
Again, there is nothing wrong with hard work and wanting better for your family. In fact, one of the major reason most people work on the first place is either because they want better for their family. What I don’t believe in however, is working more than living, spending more time paying the bills than having time for myself or my loved ones is not fun.
I have no intention whatsoever to be mean but I’m just stating hard facts, watching all these hard workers wish they had the “lucky breaks” but does not expect to work towards accomplishing it sickens me. The rich earn on Residual Income every single day which allows them the freedom to pursue their their dreams and spend more time with their family. You can definitely achieve the same freedom if you have the will to find out how.
Search for other articles similar to this, you will find countless others who have started this journey only to disappear. Choosing to pursue Residual Income is definitely not a joke. It will take hard work. It will take diligence. It will take resolve and perseverance.
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