Dec 04

What Is Residual Income?

You may have come across the term “Residual Income”, but do you really know how powerful it can be?

whatisresidualincome1Most people work for money, trading time and effort to earn money from a traditional job. They get paid an hourly rate or a fixed amount for a task they complete.

This type of income from a traditional job is called “Linear Income”. If you are an employee, you usually get paid for the number of hours you have worked.

If you are self-employed, you get paid for the number of clients you serve or the amount of jobs you complete.

With this type of income you can only earn a fixed amount of money, which is restricted by the time you can work. There are only 24 hours in a day!

You can boost your earnings by moving into the next income model “Leveraged Income”. This is where you earn a percentage from the work carried out by the people you employee. Most business owners earn a percentage from the work carried out by the people they employ.

The next income model is “Residual Income”, this is where you continue to earn money from the work you done in the past, long into the future.

If you managed to establish a number of businesses, and they were able to operate with out you being there. The profits from each of these businesses would be classed as “Residual Income”.

You can also invest your money to bring in a residual income. Real estate can offer a good residual income. You can use your money to purchase homes, commercial property and earn a rental income from these.

Other types of residual income are: royalties from music, songs, movies, books and software. Not everyone has the patient necessary to become an established musician, song writer, film producer or author.

In my opinion the most cost effective way to build up a residual income is by joining a well established network marketing business. You can get started for under $1,000 and work your way up to build a substantial monthly income.

Building up a traditional network marketing business takes time and effort, most people give up before they see any results.

I have started to build up a monthly residual income using an established internet based income opportunity. It offers excellent leverage and the potential for a substantial monthly residual income.

I have been involved with this company for just over 2 months. My second months commissions are 3 times the amount I received in my first month.

My third months commissions are expected to be double the amount I received in my second month. My commissions are growing rapidly, month after month.

I got started for free in this business and decided to boost my earning by investing some money in marketing it. The results are really good and I am building up a global team that is growing daily!

You can take a look at this powerful internet based opportunity at:

=> http://www.getyourwealthbuilder.com

I have created a system that will guide you towards success with is opportunity.