First of all What is Residual Income?
re·sid·u·al [ri-zij-oo-uh l]: Getting paid month after month, year after year, on work you completed ONE TIME.
So my first question to you is that whatever you are doing today to earn money for your living, does it have residual income? Is it going to pay you over and over for the rest of your life?
The answer is NO. If it had a residual income you would not be here. Only 2 percent of the population has residual income. Rest of the 98 percent work and get paid hourly. Their whole life is divided into hours. Their income is directly proportional to the hours they work.The hour they stop working they stop getting paid. You probably belong to the 98 percent. It’s how the government system is setup and you can not change the system.
I feel sorry for people who work their whole life and save most of their income towards 401K. Then they get laid off and 401K becomes 101K. The money they saved the rest of their life for retirement, the actual cash value of the money gets depreciated at the time of retirement. 100,000 saved today will not have the same cash value after 20 years.
I feel for those aged couples that after their retirement still work in tollbooths and Mc Donald’s and Burger King etc. because they just don’t have enough money to survive.
I feel for those people who get laid off and suddenly one day they don’t know how to pay their mortgage and bills. They just go blank and so helpless because they didn’t have enough savings. Majority of the population do not have any savings because of inflation and spending habits. The prices have gone up for everything even the commodity like milk but the salary has not gone up. Instead bonuses are cut. If you have 70,000 salary you still have 70,000 after 5 years. If you get married it’s still 70,000. If you plan to have a baby you still have 70,000. You will have to squeeze everything in 70,000. You have no control over it.
Again, like I said before, this is how the social system is setup and you can not change it. Our society and our parents teach us to be poor. We are taught to us by our parents since childhood:
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Go to school > Get a degree > Get a JOB > Buy a house > Pay it’s mortgage for the rest of the life >
Get married and now you have 2 incomes > Still Go to work > Come Home > Sleep > Wake Up > Go to work >
and the rat race never ends......... |
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The problem here is that there is no security. The day you stop performing, god forbid something happens to you, your income stops. You can probably survive max 3 months max if you have good savings. After 3 months you will see the real tough world. That day you would understand the importance of money.
Well, The only alternative is to increase your income.
What is Income and How to Increase it?
The American IRS (Internal Revenue Service) categorizes income into three broad types
- Active income
- Passive income or residual income
- Portfolio income
Active income is your income that you are earning from your JOB which we definitely want to get out of and that’s why you are here.
Residual income or passive income is where we get paid over and over for the work done once and that’s also exactly the reason you are here.
Portfolio income is the income that is generated from securities such as stocks and bonds. You do not have control over the stocks or bonds. What if the company goes bankrupt and the shares fall down. The examples are Enron, Lehman brothers etc.
Residual Income
Out of the above three you and me know that residual income is the most powerful income. There are so many people we know who are dead but what they have done once, still generates income for them.
Let's say Elvis Presley. He is dead but his estates and his records are still generating money for him.
Another example is Michael Jackson. He is dead but his music is still creating income for him.
Another example Ray Kroc, owner of Mc Donalds, is no more on this planet but his chain of restaurents is still making money for him.
Another example is Dave Thomas, founder of Wendys. He is dead but his chain or restaurents is still making money for him. |
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You and I are not Michael Jackson nor Elvis Presley (for sure) and neither Ray Krock nor Dave Thomas. So the question is how do we do something so that we can start making residual income.
How Do You Generate Residual Income ?
Residual Income is definitely not generated from the JOB. Let’s make it clear if you have already not figured that out. Residual income can only be attained from a business. When we say the word “business” we instantly think of some kind of brick and mortar business or we think of the malls, gas stations, stores, franchises like Mc Donald’s, Burger King, Dunkin Donuts, 7-Eleven, Wal-Mart, Sears, 5th Ave, Banana Republic, American Eagle, Louis Vuitton, Coca Cola, Microsoft, IBM, GE, Intel, Nokia, Toyota, Disney, Mercedes, BMW etc. All the above said companies are big big big multi million & billion dollar companies. We both know that we can not start a business like those above in a big magnitude.
But if you notice all these businesses have few things in common.
The first thing is that they all have a SYSTEM. These companies have setup an automated system in place that works for them. The owner of Mc Donalds does not have to enter the inventory manually in the computer. He don’t have to be at all the locations around the world to gain profit from his stores. The first thing he did was to put a system in place so that he can be free. Let’s take another example, the owner of Microsoft, Bill Gates. He put a system in place so that he no longer has to work. He is a philanthropist. The people who setup these companies, mentioned above, don’t even work anymore. They quit working long time ago. But the systems they put in place still work for them all day all night and make money for them. They have financial freedom and peace of mind.
So by now you know that to have an automated system is very important and very profitable. It’s the only way you can make money from and thus create residual income. You JOB will not and will never . There is nothing automated in your JOB that will create the money for your financial freedom.
The second thing in common is that all these companies have a facebook fan page. These companies are using internet to promote their business. These companies have understood the power of internet. Internet is so powerful that you can reach to anyone at anytime in any part of the world.
So what if we combine
“An Automated System” + “Internet”
If we use both these powers we can create an “An Automated Internet Marketing System” and we can make money online.
I want to say that I have so many home business ideas but I will show what works for me the best so that it works for you also. I do not and will not show you the businesses in which I have failed in the past. I do not want you to go through the same hassels and problems I went through.
Above all, I do not want you to waste your money. |
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So, I want to introduce to you the same Automated Internet Marketing System that has been working for me all these years and generating money for me automatically 24 hours a day, 7 days a week, 365 days a year, all day and all night. This system never sleeps. In fact, it reaches to every corner of the world and do the business for me even when I am sleeping. It does the teaching, preaching and selling itself. This internet marketing business generates the money for me without my intervention and without my permission. Over the time it will create a Million Dollar Residual Income for you. You don’t have to worry to work over and over for the rest of your life.
This is how to make money online and this is what schools and colleges and parents should teach us. I still don't get the concept that someone who does an MBA (Masters in Business Administration) goes and work for someone else. Don't they learn in MBA to how to run a business? Anyway.......
The benefit of having a home based business and working from home is that
 It do not need hundreds of thousands of dollars to start with.
It do not need employees, insurance, files, payroll, real estate purchase etc.
You don’t have to get up early in the morning in the winter to go to work.
You can spend more time with your family, friends, kids and wife. I mean, isn't this what you got married for? To spend your life with the woman you love............
If you are a working mother, you can quit your job and become a stay home mom.
You don’t have to be worried about getting laid off.
You can quit your job and be your own boss.
You can take the vacation anytime you want to & go anywhere you want to. You don’t have to ask your boss for those 2 weeks of vacation from entire 365 days which belong to you, to your life.
It's your business so you can control your income anyhow you want to. No one controls your income.
You can retire anytime you want to. FYI if you don’t know, you need money to retire not the age 65.
You can live the life of your dreams, you always dreamed of.
So to live life to the fullest you need money and to make money you have to have a business and Internet Marketing business is the way to go.
More and more people look for an extra source of income in the recession time. More and more people look for a way to start their own business after they are hit by the reality. And more and more people are becoming millionaires from the internet because internet is the way to go. It's the future. It's everywhere. The best this is that you can work from home using the internet.
This is truly an awesome home based business opportunity where you will learn how to make money from home.
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