How Would You Like To Earn Residual Income?
Most people think that when you're not working, you can't be making any money.
These are the people who are not aware of residual income.
This is otherwise known as passive income.
It is income that is generated for you while you sit back and collect the money! You still need to put in some work and money in before starting a residual income stream.
Once you get the ball rolling, it's very easy to maintain and grow.
There are many ways of collecting residual income.
An example of this could be owning and operating a small gumball machine business.
Let's say you buy 2 gumball machines for your business.
Then you might set up the machines at a high traffic area like a supermarket entrance.
After you spend the initial money setting up the machines and supplies, people will inevitably put money into your machines to get some delicious gumballs! All you'd need to do is periodically check on the machines a few times a month.
You can either continue collecting the coins from those 2 machines, or you could use the money you've made from those machines to buy a few more gumball machines to grow your business.
The more gumball machines you have up and running, the more money you'd be making.
This is all while you are entirely doing something else, going to the beach, sleeping in, or playing video games all day! Of course, the gumball machine business is a very simple idea, but that's basically how residual income works! You put in money in order to make more money.
Another good example of residual income is owning dividend paying stocks.
When you own certain stocks of companies, many of these companies will pay out dividends to the shareholders.
All they have to do is continue holding onto the stock and they'll receive a dividend check periodically in the mail.
Let's say you own 100 shares of a company that pays dividends.
This company pays you .
50 cents every quarter for each share you own.
So each time the company pays their dividend, you'd get a $50 check for doing nothing but owning the stock! The more stocks you own, the larger the check would be! You are free to spend this money on whatever you please, but the wiser move would be to put the money directly back into the stock by buying up more shares.
This means that the next time the dividend is paid out, you'd be getting a larger check each time.
That $50 check turns into $500, $5,000, $50,000 and so on.
This is also known as compound interest.
Your residual income from these dividend payouts would grow faster and faster each year.
The only hard part is waiting! The only way to become wealthy or retire in this country is through residual income.
You have to have your money work for you.
It's either that, or winning the lottery.
What's more likely to happen?
These are the people who are not aware of residual income.
This is otherwise known as passive income.
It is income that is generated for you while you sit back and collect the money! You still need to put in some work and money in before starting a residual income stream.
Once you get the ball rolling, it's very easy to maintain and grow.
There are many ways of collecting residual income.
An example of this could be owning and operating a small gumball machine business.
Let's say you buy 2 gumball machines for your business.
Then you might set up the machines at a high traffic area like a supermarket entrance.
After you spend the initial money setting up the machines and supplies, people will inevitably put money into your machines to get some delicious gumballs! All you'd need to do is periodically check on the machines a few times a month.
You can either continue collecting the coins from those 2 machines, or you could use the money you've made from those machines to buy a few more gumball machines to grow your business.
The more gumball machines you have up and running, the more money you'd be making.
This is all while you are entirely doing something else, going to the beach, sleeping in, or playing video games all day! Of course, the gumball machine business is a very simple idea, but that's basically how residual income works! You put in money in order to make more money.
Another good example of residual income is owning dividend paying stocks.
When you own certain stocks of companies, many of these companies will pay out dividends to the shareholders.
All they have to do is continue holding onto the stock and they'll receive a dividend check periodically in the mail.
Let's say you own 100 shares of a company that pays dividends.
This company pays you .
50 cents every quarter for each share you own.
So each time the company pays their dividend, you'd get a $50 check for doing nothing but owning the stock! The more stocks you own, the larger the check would be! You are free to spend this money on whatever you please, but the wiser move would be to put the money directly back into the stock by buying up more shares.
This means that the next time the dividend is paid out, you'd be getting a larger check each time.
That $50 check turns into $500, $5,000, $50,000 and so on.
This is also known as compound interest.
Your residual income from these dividend payouts would grow faster and faster each year.
The only hard part is waiting! The only way to become wealthy or retire in this country is through residual income.
You have to have your money work for you.
It's either that, or winning the lottery.
What's more likely to happen?
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