I Was Held Hostage In My Job Until I Discovered The Residual Income Definition

by monique on Monday, December 21st, 2009 | No Comments

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic.

Once I Understood The Residual Income Definition I Was Able To Break Free From My Stressful Job And Pursue My Dreams.

Let me explain….

When we were in school we were taught to get a job and get paid for the time we worked. You trade your time for money (paycheck).

So like most people we borrowed money, struggled to make ends meet, worried whether we would have more month than money, and work when we could be home with our family.

Chained To A Time Sheet

Well …. one thing we were not taught in school is there is no law that says you have to be chained to a time sheet and a job.

There Is Another Way!

My favorite way to make money is with residual income and is the way that many entrepreneurs make their mark. Here’s why!

Residual income is not dependent on a 9-5 work week and can be generated 24 hours, 7 days a week.
You are able to give yourself a pay raise whenever you want by creating multiple income streams.
You can create an unlimited amount of income if you work smart, focus and learn from the experts that are already doing it.
You are only limited by your imagination.

So What Does The Residual Income Definition Really Mean?

Residual income is income that comes in every month based on work that was performed in the past.

Residual income can come from an activity you did once like writing a book or building a Network Marketing business that generates income for you on an ongoing basis.

It can also come from affiliate programs. This is known as “multiple streams of income” and the leverage provided allows individuals to earn considerable amounts within relatively short timescales.

Residual income is in my opinion an important factor for one’s long term financial success and you can also create income for your future retirement. It can be a critical role to your success in uncertain economic times, and the more ways you can generate residual income the better.

As you can see from the residual income definition we are describing an exciting concept here.

Residual income is a powerful way to build wealth and is the secret of many well-off businessmen and celebrities.