Residual income is in the domain of the rich. While most people earn money proportional to the hours they spent working, the rich earn their money on a completely different way. Residual income is income that effectively generates itself and by doing the work once, you keep earning money for it over and over again. Imagine you can go to the office for a week and keep earning money for that working week for the rest of your life. To really improve your financial situation significantly you must seek out ways to increase residual income and change the way you look at earning money. After all, you don't want to work so much that you can't enjoy the money that you do earn.The concept of residual income is alien to most people, especially for 'nine to fivers' who only know how to earn linier income where they work 'x' amount of hours and then get rewarded for it accordingly. The rich, however, earn residual income and they do not spend their time and effort working for money. They spent their time and effort building systems which in turn will do the WORK FOR THEM long after they completed the initial work setting up the system. The best part is that it will keep earning them money for a lifetime and beyond. Residual income is about working smarter and not working harder. It's a completely different way of approaching and looking at wealth and earning money.When you increase residual income, you increase your freedom and independence. When your residual income exceeds your expenses, you are financially free - meaning that regardless of whether you work or not, you will be able to maintain your lifestyle. The very fact of knowing that regardless of whether you work or not you will have no money concerns is indeed very liberating. Money is the one thing that can really drain people emotionally and if you ever though money is not important, then try not having any - it can consume al your thoughts.
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The Wound Care Practitioner - Wound Care Certification Course:An Introduction to Zoo Biology and Management Paperback:Brand Culture:Fashion: Critical and Primary Sources (4 Volume Set):Divine Omniscience and Omnipotence in Medieval Philosophy: Islamic,:An Atlas of Illustrations of Clinical Medicine, Surgery and:Coalitions in Oligopolies: An Introduction to the Sequential
Recent patterns:
The Wound Care Practitioner - Wound Care Certification Course:An Introduction to Zoo Biology and Management Paperback:Brand Culture:Fashion: Critical and Primary Sources (4 Volume Set):Divine Omniscience and Omnipotence in Medieval Philosophy: Islamic,:An Atlas of Illustrations of Clinical Medicine, Surgery and:Coalitions in Oligopolies: An Introduction to the Sequential
