What is Residual Income?
Before explaining what residual income is, I will talk about linear income.
What is linear income?
The linear income is that cash flow that you receive by the exchange of your time (hours). As I said in the last article, if you worked an hour for $ 10, it was all you earned for that effort since that hour will not happen again.
In other words you do not earn money for results but for a job in the exchange of your time. Exchange 8 to 12 hours a day for 35 to 40 years and then realize that your pension is far below what you really earned before retirement.
That is heard and it must be very sad! Many think that having a linear income (having a job) is a sure thing, but it is not like that, much less when the economy is in a state of resection.
Companies are closing or reducing employees. It does not happen that way when you have a residual income.
Let’s see what residual income is.
It is a cash flow that comes from an effort that produces results.
It is what is known as effort and shared income.
The residual income occurs when you are consuming a product and you refer to other people who will consume the product month after month and who will also refer to others who will do the same and so on, and you will be paid commissions.
In other words, it is doing the job well done only once, and for that job well done you will continue earning money as if you had worked thousands of hours.
With only 10 to 20 hours a week dedicated as full-time or 5 to 10 part-time you can pay your debts and have financial freedom.
IT IS SOMETHING SURPRISING TO HAVE AN OPPORTUNITY SO WHERE OTHERS DO NOT DECIDE FOR YOU BUT YOU ARE THE OWNER OF YOUR ECONOMIC DESTINY AND HAVE A TRUE SOURCE OF SECURE INCOME.
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