The Power of Residual Streams of Income

In the future, people will need a portfolio of income streams -not one or two - but many streams from completely different and diversified sources. So that if one stream goes, you barely feel the bump. You're stable. You have time to adjust. Your safe.

So let's assume that you've decided to add another stream of income to your life. You could always get another part time job, but that's not the kind of income I'm talking about. You certainly do not want to get stuck on somebody else's treadmill. You want the kind of streams that you can own.

I'm talking about RESIDUAL income. That's a fancy term for a "recurring" stream of income that continues to flow whether you're there or not.

Not all streams of income are created equal. Some streams are linear, and some are residual. Here's the question that tells you whether your income steams are Linear or Residual:

" How many times do you get paid for every hour you work?"

If you answered, "only once," then your income is linear. Income streams from a salary are linear. You only get paid once for your effort. And when you don't show up for work, neither does your paycheck.

With residual income you work hard once, and it unleashes a steady flow of income for months or even years. You get paid over and over again for the same effort Wouldn't it be nice to be compensated hundreds of times for every hour you work?

Linear vs Residual. Do you see the difference?

The secret of the wealthy is not that they have more money but that they have more TIME freedom. Because many of their streams are residual, they have time to spend on anything they want.

When you view people's lives through the filter of residual income, many groups of people aren't as wealthy as they appear. Doctors and dentists don't earn residual income from their labors. Their income potential is capped. They can only see a fixed number of patients in a day. And they have to be there for every single one of them. That's Linear.

The same holds true for the top sales people, chiropractors and attorneys. Most of them don't enjoy the power of residual income either. They may appear to be rich but they're on a treadmill just like the rest of us.

What percentage of your income is residual? If you're smart you'll start shifting your income streams from Linear to Residual. This will give you the time freedom to do what you want when you want. And that starts with turning on at least one new residual stream this year!

Imagine making money in your sleep. Imagine waking up richer every morning than when you went to bed the night before. Imagine receiving stream of money from people all over the world. Imagine a business that operates on automatic pilot whether you show up or not. Imagine low overhead and high profits. Imagine operating your business from exotic worldwide locations from a cell phone on the beach in Tahiti or from your laptop in a restaurant atop the Eiffel Tower. If you can imagine these things, you can achieve them using the vehicle of the Internet and the power of word of mouth.

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