Passive Residual Income: Not Just The Lazy Man's Way Out!

Passive Residual Income. Some people call it the lazy man's route to making money. It is often believed that the only way to earn a real living is to go out there and do it! Go out there and make the bucks--lay the bricks, take the clients to dinner, sell the product--do whatever it is that you do to make the money you earn and the money you deserve.

Who is to say that having a stream of passive residual income isn't a good idea? Who can honestly say that making money with little to no effort involved isn't an attractive solution to life's money woes? Rich people, that's who! People who have all the money they could ever need. Passive residual income can give you the cushion you need to send your little ones off to Ivy League school someday, or plan for an impending retirement. Needless to say, there aren't many people like this around anymore. There really isn't such a thing as 'old money' these days. People have to go out there and earn it, whether it's passively or actively.

What is passive residual income you ask? Great question! Residual income is income that is created after one has already taken the steps to make sure the income is being generated; for example selling the rights to a project that will bring you royalties for the rest of your life, or purchasing a piece of property with the intentions to rent it out to others. PASSIVE residual income is income that is generated just like this--with little or no effort on your part.

Sounds like a beautiful thing to you already? Keep reading. By generating a stream of passive residual income, you are the one who is deciding how many hours you spend at work, and how much of your time (physical time as well as mental time) is involved in generating this income. It's all about YOU and what you do, or do not want to do. That's why it's called PASSIVE residual income!

The great thing about passive residual income is that the only limits that are set on you, and your pocket, are the limits that you set. If you decide that you would like to expand your business venture, obviously that would increase the amount of income that is generated through this passive stream you have generated. The more work you actually do put into it, the better off you will be financially, but because these avenues are passive, meaning they do not require your direct attention to continue to operate, you will still be financially well off.

Take charge of your own financial situation--don't depend on others to do it for you. If you wait forever for your boss to give you a raise before you build the house of your dreams, you may very well have to wait forever. The good thing about passive residual income is that because it requires so little of your direct involvement, you can keep your day job and the stability that comes along with it.

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Mon, 28 Apr 2008 at 7:01 PM, by fiberer
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