Business & Finance Corporations

Ever Heard the Term Residual Income? Ever Thought of Earning Residual Income?

So what is residual income? Residual income or passive or recurring income is income that continues to be generated after the initial effort has been expended.
Compared to what most people focus on earning which is called linear income, which is payment in the form of a wage, commission or a salary where you trade time for dollars, such as you work 40 hours you get paid for 40 hours.
And if you think about how hard you worked in those 40 hours, do you think your wage reflects that effort? Probably not! One of the great advantages of residual income is that once things are set in motion, you can continue making money from your initial efforts, while gaining time to devote to other things...
such as generating more streams of residual income.
This is known as leveraging.
Residual income is known as smart money, and you can earn it.
You don't have to be rich, talented, well-educated or already a successful business person.
In fact many of the most successful people in the world were just like you and me, your average hard worker, who had a dream for a better life.
And guess what, they used residual income to get it! So how do you create recurring income.
Well let's get one thing straight, it doesn't happen over night.
It does take time, and effort, and it will only work on one very important condition.
You can not quit.
There is not one wealthy, successful business person in the world today who could say they got where they are by quitting.
Quitting is not an option, it is not in their plan, and it is not what got them where they are today.
Success is not an easy path, but then anything worth having does not come easy.
A concert pianist did not become brilliant by looking at a piano, they practiced, for hours everyday, day after day, year after year.
And while they may have sacrificed a lot to achieve their destination, the rewards are indescribable.
Same thing goes for a professional athlete.
He didn't wake up one day and say I can run faster than everyone else.
They did say, I want to be faster than everyone else, and then they set to work and made it happen.
Earning a passive income is no different.
You can't wake up and say you wish you were rich.
We can all do that, BUT, if you wake up and decide you want to be rich, then do something about it, then you are on your way to success.
It won't be easy and it will take time, so the longer you procrastinate, the longer it will take to build your recurring income to a point where you can give up work, travel, buy your new sports car, new house or what ever your dreams might be.
So what are you waiting for? Are you one who takes action or just talks about it? And it is a well-known fact that those who only talk do not get very far.
It's the doers that succeed, and the talkers who will watch from the side line.
Residual income can work for anyone - if they work for it.
It is actually amazing at the number of people who have never heard of residual income or understand what it is and how it works.
And the funny part is it really is not that hard to do.
Working a home based business that offers a residual income is a great way to get started.
You can work it full-time or part-time depending on your current circumstances, but it allows you to grow as your business grows, and remember, residual income is recurring, so as it grows, so does your free time to devote to other things.
Those things may be business, such as other income opportunities, or pleasure, such as that long overdue holiday for you and the family, what ever your reason why, if you make earning a residual income part of your plan, you will have success.
As long as you don't quit.
SHARE
RELATED POSTS on "Business & Finance"
3 Ways to Build Your MLM List Offline
3 Ways to Build Your MLM List Offline
Boston Airport Taxi
Boston Airport Taxi
Six Proven Keys to Success
Six Proven Keys to Success
The Sad Truth About Work at Home Online Jobs
The Sad Truth About Work at Home Online Jobs
Think You Can't Make $100,000 From Home in 2011? Think Again! (Get a Head Start Here)
Think You Can't Make $100,000 From Home in 2011? Think Again! (Get a Head Start Here)
Free Work From Home Business Opportunity - Can You Start a Home Business For Free?
Free Work From Home Business Opportunity - Can You Start a Home Business For Free?
Power Up Your Business With The Forklift
Power Up Your Business With The Forklift
How to Subcontract Jobs With FEMA
How to Subcontract Jobs With FEMA
Plastic Sheets And Its Applications
Plastic Sheets And Its Applications
The Success Story Of Vijay Eswaran
The Success Story Of Vijay Eswaran
Special deliveries - G-Force Shipping honors carriers with "Ship Shape" awards
Special deliveries - G-Force Shipping honors carriers with "Ship Shape" awards
Start an Environmentally Friendly Lawn Care Business
Start an Environmentally Friendly Lawn Care Business
Profit From Home Tip - Make Money Online
Profit From Home Tip - Make Money Online
Looking for Opportunities to Work at Home? Read This Article for Great Ideas on Real Internet Jobs
Looking for Opportunities to Work at Home? Read This Article for Great Ideas on Real Internet Jobs
Beginning Your Own Espresso Business
Beginning Your Own Espresso Business
Home Based Businesses For 2009 - Staying Focused
Home Based Businesses For 2009 - Staying Focused
A Highly Rated Home Based Business Needs These Things
A Highly Rated Home Based Business Needs These Things
Success Strategies - How to Avoid Burnout (Whether From Success Or Failure!)
Success Strategies - How to Avoid Burnout (Whether From Success Or Failure!)
Soap Making Kit For Kids - A Great Challenge Meant For Youngsters
Soap Making Kit For Kids - A Great Challenge Meant For Youngsters
Writing for SEO: 3 Reasons It's One of the Best Home-Based Businesses Opportunities in 2013
Writing for SEO: 3 Reasons It's One of the Best Home-Based Businesses Opportunities in 2013
Why your Boutique Business Should Accept Credit Cards
Why your Boutique Business Should Accept Credit Cards
Being a Freelance Photographer As Your Source of Income
Being a Freelance Photographer As Your Source of Income
How to Make Money Easy, Fast and Smart Without Losing Your Shirt
How to Make Money Easy, Fast and Smart Without Losing Your Shirt
For Great Ventures - Checking Viability
For Great Ventures - Checking Viability

Leave Your Reply

*