Why Build Guaranteed Residual Incomeby Bryce Jackson Business Mentor, Success Coach
Why Should You Build Residual Income?
Do you know the power of residual income? If your only source of income is one that you have to trade your time to get, then you don't. It's okay, you're not alone. Most people are in the same shoes you are in. What I will be discussing is a type of income that once you build enough of, will allow you to experience life at a whole new level. If your idea of life is to work until you're 65, then read no further, but if you want to be free from a job, then learning how to build residual income is crucial.
So what is residual income? Put simply, money that comes in whether or not you work. This may seem like some scam to you but it's not. In fact, chances are, you already have a source of residual income: Your savings account. You earn money on it every month, yet you don’t do anything to get it. Now a saving's account doesn't give you much unless you have millions of dollars sitting in there.
The cool part about learning how to build residual income is when you bring in enough of this type of income, you can retire. Many people believe in order to retire, you must be a millionaire. That is untrue. It would be great to be a millionaire but to be financially free, it's not necessary.
Let's say you need $5,000 a month to pay all of your expenses and have enough left over to enjoy a vacation every now and then. In order to retire, you would need to bring in this amount of money without having to spend time working for it. So all you have to do is create a source of income that doesn't need you to be there in order for it to come to you. This is what residual income is all about.
How many ways are there to build residual income? Tons! If that's the case, how come the majority of people don't know how?
We were never taught this in school. Think about it, all they teach you is how to get a degree and work for a company for the rest of your life. If too many people knew how to build residual income, no one would need jobs.
You don't ever have to worry about that though. Building residual income isn't for everyone. It will take time, effort, and in some cases, money, just like your savings account. Most people don't have the will or determination to stick with something long enough to succeed in it anyway. They are just fine with working by the hour and getting paid by their time. There's nothing wrong with this if you plan on working all your life..
Learn how to earn residual income and you will be able to live life on your terms and who knows, you may even be able to retire wealthy. Get started on it today. One of the best ways of doing this is using the internet to create a business. Check out this video below.
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Created on Dec 31st 1969 19:00. Viewed 0 times.
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