Extra Income — that would be nice
April 13th, 2008
Extra Income —- that would be nice….
In the mid 50’s, a family could survive on one income. Today,
very few can manage on two. And that won’t be enough in another
few years.
It’s a shaky future. All of us would be wise to have multiple
incomes flowing into our bank accounts.
Prosperous people have always known this. If one income
vanishes, they have others to support them. Ordinary people are
much more vulnerable. If they lose even one of their incomes, it
wipes them out. It could take years to improve this situation
and the rippling affects can be disastrous.
It won’t be long before people will need a portfolio of income
sources - AND from completely different and diversified avenues.
If one source dries up, you will barely feel the bump. You are
sound. You have time to adjust, regroup. You are safe.
Do you have multiple incomes flowing into your bank account at
this time? Are they Linear or Residual? And do you know the
difference?
You have a Linear source if you get paid for every hour you
work. You have a Residual source if you work hard once, and it
releases a steady flow of income for many years. You are
rewarded over and over for that same original effort.
Even doctors and attorneys are not as wealthy as they appear.
They don’t earn residual incomes. They can only see a fixed
number of people per day and they have to be there every day to
generate their single Linear income. They may appear to be
wealthy, but they work the same hours and days that most of us
do. The only difference is their Linear income is higher than
ours.
If you are smart, you will start shifting your income sources
from Linear to Residual and eventually realize the freedom to do
what you want, when and where. This can be accomplished easily,
without a lot of fuss. Start with ONE new residual source this
year. How about right now?
Of course most of us cannot write a book or compose an opera in
order to generate lasting Residual income. But the Internet has
given us the chance of a lifetime. There are many programs not
worth their print, but there are others that will indeed, give
you the Residual income we speak of. The trick here is to
recognize the difference between hype and straight talkin’.
Just as we must first walk before we run - to become a Leader,
we must follow.
The best place to look for an ‘honest’ Residual income is to
find someone you trust and follow him/her. A name that you
recognize, a name that has a substantial following already, a
person who over-delivers on promises. These are the true “gurus”
— and if you’ve been on the Internet for more than a month,
you know who they are.
All of them have programs designed to give you Residual incomes.
Look over what they offer and make your choice. Give it
everything you have in promoting it, and when you have it off
the ground — look for your next Residual source.
Success is a marathon, not a sprint. I did it — so can you.
Esther Smith is editor of “Partners-For-Profit” Newsletter and
copywriter for The Permanent Venture. Get FREE info on your best
source of Residual income today: http:/
hepermanentventure.com/TJF.htm This is NOT a “work-for-me”
program. mailto:editor@thepermanentventure.com
Entry Filed under: Business