Residual Income
What Is It and How Does It Work? By Suzanne Flynn
A residual income will earn you money even when you're not on the clock. Owning rental units, collecting royalties or investing in a savings and investment program are examples of what is called "passive income".
Wouldn’t it be nice to earn money while not working? That money is called residual, or recurring, income. It's what can happen after you put a lot of time, effort and sometimes money into a job to continue to get paid for the work months or years after it's done. (Salary jobs are part of linear income. This income is directly related to the number of hours you work. If you work 40 hours, you get paid for 40 hours of work.) Once you set up your business to earn residual income, you continue to make money while doing other things – maybe even starting a new business to generate more residual income!
Types of Residual Income
Some examples of residual income sources include:
•Royalties from intellectual property, such as books and patents
•Subscriptions, advertisements, donations or affiliate links from your blog or website
•Transferring the rights to a song you recorded, a book you wrote, a software program you created or a gadget you invented to a company agreeing to pay you a percentage of each copy of your work sold
•Purchasing an office or apartment building and leasing or renting out the properties
•A savings and investment program that earns interest
•E-book sales
•Stock photography royalties
•Royalties from intellectual property, such as books and patents
•Subscriptions, advertisements, donations or affiliate links from your blog or website
•Transferring the rights to a song you recorded, a book you wrote, a software program you created or a gadget you invented to a company agreeing to pay you a percentage of each copy of your work sold
•Purchasing an office or apartment building and leasing or renting out the properties
•A savings and investment program that earns interest
•E-book sales
•Stock photography royalties
If you think about it, you can take 3000 bucks and sock it away in an annuity at 3% to 7% interest annually. That means your money you have saved all year only earned you 90 to 180 dollars as residual income. Not much but in about 25 years you might have doubled your money if you live long enough to see it to 6000 dollars.
Well Melissa and I went to a meeting on Sat. evening and I saw a heck of a lot of people from all walks of life who believe in this. I saw someone who is there and who is able to stay home with his kids, drives a nice car, and lives in a really nice home I might add, and all he does is help people learn how to do exactly the same things he did. He doesn't sell anything to anyone. He hosts meetings in his home, and shows a couple of videos on a large screen TV, drinks a Vodka and Tonic and answers questions. I want that job!
Even if you just do the minimum, the residual income is almost twice what I make every month at my regular full time job. I was astounded when I saw the breakdown and how it works. I was also astounded when my sponsor told me he has only been doing this for about 4 months and he was able to go out and buy a new car with his earnings. Not a brand new off the lot car mind you, but he paid cash for a great late model used car. That to me is sucess. (A car with a working AC right now would be sucess!) The new car can always come later because residual means that money he used will be there again like clockwork next month, and the next month, and the next month and is very likely to increase as associates and customers increase. Making sense yet?
So you don't want to be an associate? Big deal! How about if you can get your electricity charges for free just for being a customer and referring a few close friends or family. Yes you still have to pay a small delivery charge because OnCor still owns the production and powerlines but still you can get your energy portion significantly reduced, or even free. Thats pretty cool if you ask me. I could think of a lot of other things I could do with an extra 250 simolians a month, couldnt you? (Hey there's a new car payment, or a bathroom remodel.). Even though I'm not an associate and just a customer, Im still getting something like a residual income just from the free energy. No down-side there either! Is it getting any clearer yet? I thought so. Does any of this interest you?
Oh yeah, how many people do you have to refer to qualify? Do you know 3 people who use electricity and pay an electric bill each month? Unless you are a hermit I would just about bet you do. That's all I'm going to say for now. If you are interested then you will have to contact me or Melissa at email me texasredphotography@gmail.com , or call 254-744-5196 and just say, "So whats all this stuff about residual income you are talking about, and how can I get me some too?" we will be glad to help you. Or better yet just go to our site and sign up! Sign up or Join! http://melissaarnold.myignite.com/index.asp?CO_LA=US_EN
Join a fantastic team that is learning and enjoying what true freedom is all about.
Lets do this thing together!
Dale and Melissa Arnold
