THE PARENT ADVICE : GET A JOB AND WORK AT IT ALL YOUR LIFE
Working a 9 – 5 job is most likely what your parents will tell you to do.
Earn a weekly wage and swap time for money ‘ a fair day’s pay for a fair day’s work’
Find a lifetime career in a job that rewards you with great benefits and job security for life.
That was good advice if you were living in the 1960’s !
If you are swapping your time for money then you are earning a linear income.
What is a linear income ?
Ask yourself this simple question ” if I stop working do I stop getting paid “?
If your answer was yes then you are trading your time for money and are earning a linear income .
It stops when you do!
Most people work this way.
Its what our parents did and their parents before them and we were ( and still are ) conditioned by society to work this way.
After all love it or hate it, money is a necessity!
Examples of Residual Income would be:
- Investments such as owning property which earns you rental income
- Owning stocks or shares which pay a dividend
- Having Intellectual assets such as a book or a song you have written where you get a regular royalty payment
- Having a referral marketing opportunity where you get paid on your referred customers purchases
Instead of trading time for money you could be creating a residual income because as it does not depend solely on your time to make it grow.
I have an opportunity for you that is your chance to make Residual Income without the major cash investment of some of the previously mentioned examples
REMEMBER : A RESIDUAL INCOME IS YOUR GET OUT OF JAIL CARD