Residual Income
This is a word that gets bantered around quite a bit, but do you really know what it means? Residual income, also known as passive income, is income that is continually received after the initial work is completed.
For example, after a writer publishes a book or a musician writes a song, every time that book or song is sold, the artist receives a “royalty.” That royalty is residual income because the person receiving the income didn’t put forth additional effort.
Residual income or passive income is also gained through investments or leases of property. The owner of the investment or property makes an investment once and then periodically receives income from that property but doesn’t have to do anything more for it.
Most people are used to linear income which is based on the number of hours worked times an hourly wage. The problem with linear income is that there are only so many hours in the day; therefore, there is only so much money you can make.
The draw of residual income is evident – you make your investment of time or money once and continually collect residual income from it without doing anything more. The more residual income you receive, the less time you will have to spend “earning” a living the linear way.
A great way to enjoy residual income is to get involved with a stable and successful network marketing opportunity and spend some time building your organization. Some opportunities require a lot of work to make a small amount of money. Others are designed specifically for people who either don’t have the time or the desire to work hard to build a large organization, yet still want to enjoy the security of residual income.
Click on the link below to learn about an amazing residual income opportunity designed for the average person.
Best Home Based Business
Privacy | Terms and Conditions | Legal
Copyright 2009 - PowerHouse Imaging, Ltd