Residual Income

byRafaelorozco

293 followers

7 years ago

What Is Residual Income And Why Do You Want It?

Is the income that is produced for the job well done,one time and but is produced time after time

What Is Active Income or Lineal Work?

Active income comes as a direct result of our efforts. This is when we work for one hour and get paid a certain amount for that hours work.
This can be seen in wages, salaries, and self-employed service providers like lawyers or doctors.

What Is Residual (Or Passive) Income?
Residual income is when you continue to get paid after the work is done. This includes royalties from books, movies, or songs and also income that comes
from real estate or business investments where you don’t actually have to be present to earn it.
For example, Elvis Presly is death but still is making money and just have to record the songs one time.

How to create a residual Income?

The key idea here is leverage. You must be able to leverage other people’s time or other people’s money in order to create a residual income.

If you are singer and you have the skill of Michael Jackson or Elvis Preley, welcome to the club
If you have the ability of a good writer you could get a residual income
If you are a inventor and could get a great things for the humanity you can get a residual income
The other way is trough Newtork Marketing
In my case I am not singer, writer or inventor,you could start as a networker marketing

he first thing is to be aware of how you work for active or residual income. Then you want to decide a path that transitions from active to residual income over time. It’s hard to start a new business and create residual income tomorrow so you have to have some patience.
As you make more residual income you can start to scale back the hours you put into active income. This will mean your residual income will grow even faster once you pay it more attention.

If you want to know more about networker Marketing, let me know

Rafael Orozco
www.orozcoherrera.com