Residual income, also known as passive or recurring income, is
very different from a regular wage income that's based on trading time
for dollars. Working for a wage is called linear income, and you get
paid only for the hours you put in. Residual income continues to
generate itself even after the initial work has been completed. Such
income helps you to earn more while working less. This is known as
financial freedom.
With
a linear income, you work you get paid, you don't work you don't get
paid, simple as that. Residual income continues to pay recurrently for
work done once. It's important to understand that residual income does
not happen by itself, you have to put in the hours and the effort to
establish the ground work, but the rewards are well and truly worth it.
The difference between working to earn a residual income and working a
normal job for a linear income is you learn to work smarter not harder
for your money.
There are multiple sources to choose from in
generating a recurring income, but one of the most popular choices is a
home based business in network marketing. If you don't already know,
network marketing has been labeled the business of the 21st century!
Successful entrepreneurs all over the world have learnt the secret to
financial freedom and it is through building businesses that create
residual income.
If you don't think a business in network
marketing is for you, think again. It could be the answer to achieving
your own financial freedom. That's worth considering. Having a business
that generates an income that allows you time to do what you want when
you want, makes sense doesn't it? More and more people are turning to
network marketing opportunities as a way of earning more money.
The
other great thing about a home business is just that. You work it from
home. You work the hours you want, when you want even where you want.
That is freedom in itself. So when you add residual income into the
equation, you get financial freedom. It's the perfect mix of more time
and more money. And just imagine what you could be doing with all that
time and money. Write out your goal list, pin in on the mirror where you
see it every day and get started now.
Forget about how much money
you need to 'get by on', start working towards enough money to do
whatever you want. Get you home based business started now and your
residual income will begin to grow. Network marketing does work, and it
can work for you.
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