What Is Residual Income? At Last— The Truth To What Is Residual Income!
What is residual income? Residual is an income that is based on time and labour invested in a venture or particular job. This type of income will continue to come in long after the job is completed. A classic example is a hit record that is recorded only once but will continue to earn the artist royalty payments for a very long time to come. Residual income will free you to continue earning more income in other ways while it continues to bring in the bacon for you.
The 1 to 1 ratio between the hours worked and the salary earned in a regular job is the major disadvantage to working a 9-5. When you stop reporting for duty the income dries up and the only way to earn some income is to find another job. For you to increase your income you either get promoted or work longer hours. However, there is a limit to how much you can earn as there are only so many hours in a day.
Residual money involves putting in the hard graft upfront, investing time, blood, sweat and tears. The rewards however, will be forthcoming for long into the future and are really worth the effort. Therefore, the returns for all the effort are higher and will provide recurring income for your initial investment.
There are selections of jobs which are capable of earning you a residual income. Examples include writing and publishing a book--you only write it once and will continue to earn royalties from it. Another, more popular source of residual income, is internet advertising revenue. Building a site takes effort and time, but the income can continue to come in long after you stop actively promoting the site. These are some examples to what is residual income.
What is residual income? - Making it work for you
There is a common misconception that internet income is easy income but it can't be further from the truth. There are a lot of sleepless nights involved in setting up an internet based business. Designing the site and driving traffic to it, all take time and you would need to continue working until the site is well established. Residual income will work for you if you make it scalable, meaning you only do a little more work to multiply your earnings. It is all about working smart to make sure you earn handsome returns for your initial work and then relax as the money starts rolling in, if only it was that easy.
To find out more to the question, "What Is Residual Income?", AND for a new and effective opportunity for you to generate one--you can go... here [http://www.mystarwealth.com/what-is-residual-income.html]
The 1 to 1 ratio between the hours worked and the salary earned in a regular job is the major disadvantage to working a 9-5. When you stop reporting for duty the income dries up and the only way to earn some income is to find another job. For you to increase your income you either get promoted or work longer hours. However, there is a limit to how much you can earn as there are only so many hours in a day.
Residual money involves putting in the hard graft upfront, investing time, blood, sweat and tears. The rewards however, will be forthcoming for long into the future and are really worth the effort. Therefore, the returns for all the effort are higher and will provide recurring income for your initial investment.
There are selections of jobs which are capable of earning you a residual income. Examples include writing and publishing a book--you only write it once and will continue to earn royalties from it. Another, more popular source of residual income, is internet advertising revenue. Building a site takes effort and time, but the income can continue to come in long after you stop actively promoting the site. These are some examples to what is residual income.
What is residual income? - Making it work for you
There is a common misconception that internet income is easy income but it can't be further from the truth. There are a lot of sleepless nights involved in setting up an internet based business. Designing the site and driving traffic to it, all take time and you would need to continue working until the site is well established. Residual income will work for you if you make it scalable, meaning you only do a little more work to multiply your earnings. It is all about working smart to make sure you earn handsome returns for your initial work and then relax as the money starts rolling in, if only it was that easy.
To find out more to the question, "What Is Residual Income?", AND for a new and effective opportunity for you to generate one--you can go... here [http://www.mystarwealth.com/what-is-residual-income.html]
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