Residual Income In Laymans Terms!!!
Let me tell you a little how residual income has worked in my situation.
About 3 years ago I was making with a partner about 5 grand a month. Things were great , we were having fun. It could only get better.
Well one thing after another componded and we ended up breaking up as partners and a whole bunch of other things in my personal life happened which had me walk away from working online completely 2 years ago.
As I come back today this is what happens. After 2 years of not doing a single thing I still make about 300 dollars a month from what I was making 3 years ago. I know 300 isnt much but after doing absolutely nothing Im going to say thats not bad coin.
I dare anyone to find me any other job that will still pay you three years after you have been gone.
So in laymans ters that is how great residual income can be.
Recent Comments
5
That's why I'm trying to give up Fiverr and freelancing to work on my website: I want to be able to comfortably earn $2K a month plus after a few years of hard work. I want to be able to earn after these two years doing absolutely NOTHING.
This is very much like the affiliate program here at Wealthy Affiliate. It pays residually and we have affiliates that have referred people from 5, 6, 7 years ago that are still getting paid residuals from them. That is powerful and it is definitely a wonderful business model.
You work your butt of to get the initial referrals, then it continues to pay you for the life of that referral. Definitely one of my favourite models in the business world.
As far as I'm concerned, the fact that you can earn $300 DOING NOTHING is fantastic; to me you're a success. I can't wait to have this problem. Let me get busy!
At this point I will take any and all of that. I am currently unemployed and working many, many hours a day here at WA. I feel proud so far of the accomplishments. I haven't had anyone sign up, nor made money but I am moving down on rank, learning lots and soon be able to contribute to trainings. All in a matter of building the empire with a strong base!