Friday, January 11, 2008

The Importance Of Residual Income

The concept of residual or passive income is probably one of the most important powerful concepts you will ever learn in your lifetime.

Anyone that can master the concept of residual income is on their way to a good and meaningful lifestyle. Simply put, residual income occurs by building a system one time that can produce a recurring stream of revenue once the system is set up.

This income arrives on a regular basis. It can occur on a monthly, weekly, or daily basis. The frequency depends on the business system itself.

What's so great about this is if you are willing to work hard and build a residual based system in the initial phase, you can reap the benefits from this one-time labor for years to come. If you look around you, you will see examples of residual income all over.

For example, when you pay a internet service provider, web host, telephone bill, or cable TV bill; they are receiving a regular recurring income for providing their service to you. The valued members of a website provide the owner with a regular, recurring monthly income. In return, they are provided with valuable information.

Yet so many people just don't get it. I didn't get it until recently, and I think this paradigm shift has made a big difference in my life. I want to not only master the concept of residual income, I want to know the method to do it. That is why I enrol in Success University. If you want to know more, just go to:

About 50 of the most famous authors and inspirational speakers have come together to create this largest online learning system teaching people how to be entrepreneurs - it's really amazing!

1 comment:

audrey` said...

Thank you so much for the info.
Passive income to fund our retirement =)