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Residual Income: More Freedom, Much Better Life
Somebody once explained to me that he was taking a month or two vacation away from work. Obviously I asked how that was possible. Surely no normal employer would permit someone to just randomly take a few months off. He went on to tell me about how he was making passive residual income and I was immediately hooked and had to have it.
First of all, let me explain just what passive residual income is. Passive income and re-occurring income have a little different definitions.
Passive income is income that is derived from business happenings that took place in the past. It means that the income comes even if you are inactive. It's income that comes without the continual work. Residual income is income which comes in intervals normally every month or year after the initial sale is made.
They are similar in definition except that passive income may not always be the same amount. For example, if you sell an information product, the sales from that product will differ each month. You might be paid continually year after year for one time effort or work (passive income) but the income won't be consistently the same. (residual)
In this day and age passive residual income can be a great comfort zone for you and your family. What income would you depend on if you were to get laid off or got fired? You might always search for a new job, but lets face it, the economy has seen better days.
Not only will it provide you with a piece of mind but it will also allow you to spend more time with your friends and family. Time is money right? So if your passive residual income begins exceeding what you make at your regular job, you may begin to cut back on hours or even quit!
Be careful not to do anything stupid and get carried away. It's always better to be safe than sorry and that's why I believe passive residual income to be a requirement for my lifestyle. Many people just are not made to live a worry free no time constraints life. Actually, lots of people have to have the 8-5 M-F job because that's the way it is, that's the way it always has been, and that is the way it's gonna be.
I say too bad for you. Passive residual income will permit me to set my very own schedule. I've the opportunity to sleep in whenever I want. Heck, I can even take a few months off without skipping a beat!
There's also no limit to the amount of passive residual income I can make. The more jobs I complete, the more passive residual income I will make. Numerous jobs have an income ceiling.
In summary, passive residual income will provide me more freedoms than a normal job. Freedom is a good thing. Not for everyone but certainly for me. Life with passive residual income such as network marketing is good.
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