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Tuesday, September 30, 2014

Residual Income: What Is It and How Does It Work?

A residual income stream will earn you money even when you're not on the clock. Owning rental units, collecting royalties or investing in a savings and investment program are examples of such passive income.

Residual Income: What Is it and How Does It Work?

Wouldn’t it be nice to earn money while not working? That money is called residual, or recurring, income. It's what can happen after you put a lot of time, effort and sometimes money into a job to continue to get paid for the work months or years after it's done. (Salary jobs are part of linear income. This income is directly related to the number of hours you work. If you work 40 hours, you get paid for 40 hours of work.) Once you set up your business to earn residual income, you continue to make money while doing other things – maybe even starting a new business to generate more residual income!

Types of Residual Income

Some examples of residual income sources include:

  • Royalties from intellectual property, such as books and patents
  • Subscriptions, advertisements, donations or affiliate links from your blog or website
  • Transferring the rights to a song you recorded, a book you wrote, a software program you created or a gadget you invented to a company agreeing to pay you a percentage of each copy of your work sold

  • Purchasing an office or apartment building and leasing or renting out the properties
  • A savings and investment program that earns interest
  • E-book sales
  • Stock photography royalties
  • Does the Money Just Keep Rolling In?

    The ideal residual income stream will produce money 24 hours a day, 7 days a week and you don’t have to personally market or interact with the business in any way. All you have to do is watch your bank account grow.

    But that’s more like a fairytale. You’ll have to put in some effort to continue receiving residual income on the business you started. Talking to your managers and representatives will help them be more productive and run your business better. Marketing your online sales through social media and your network will help earn you more money. But you just won’t have to work at it as your full time job. Think of it as a part time job that can potentially bring in full time pay.

    Advantages to Residual Income

  • You do have the potential to be financially independent if your residual income produces enough money.

  • Having residual income allows you to do more important things with your time. Whether that’s a hobby or another job, making money from your residual income stream won’t be the primary focus of your life.

  • No matter what, you will have a constant flow of income (however large or small it may be). This is critical if you get injured or sick, can’t work because of another emergency, or if you just want to take an extended vacation.
  • You will make money no matter where you live, unlike a linear income which ties you down to your position.
  • Of course, before the money starts rolling in you will probably have to put a lot of time, effort and money into the business or project. You’ll need a lot of patience and determination to see the residual income in the future. Instant gratification is not possible when it comes to residual income.

    By our good friend, Suzanne Flynn

    Tuesday, June 10, 2014

    I just finished my newest video, please take a few moments and view it.

    Here is my latest compilation of A Leisure Life videos with a little explanation. I hope that you enjoy it and I made it so now my team can use this to easily recruit members into this wonderful program. Thank you for watching.

    Thursday, May 8, 2014

    How to make money online and how I do it.

    You all will love this post as it will be short and explain just how easy it really is to make money online.

    Want to know how to make money online? Here is what works for me and WILL work for you too because I call these simple programs below, my stepping stone programs because they have a low start-up cost to get involved.

    Join a program or business that everyone wants and uses. Then, find a tool or program that will help you get people looking at your website to join or buy your item.

    I will be providing you with 2 links, 1 will be the the first program to make money fast, the second will be my main business for sweet residual income that you can grow and is long term.

    Here is a program I call a stepping stone program because of the low start up cost and you make money every single day, keep in mind, this has nothing to do with those survey type programs. Link 1

    This second link is a business you can grow and work with for many years to come, it's being called the "Perfect Home Based Business". Link 2, Cash Leveraging Made Simple (wishes2reality)

    And there you have it. I told you I was going to make this as easy as possible. Many people come to me on a daily basis asking if they were to work from home, can they really quit their jobs....? I say YES 100%

    All you need is a perfect business to promote, dedication and patience and work with the right person to help you succeed.

    Many gurus out there have you join their program(s), but never devote the time to their new people, which is necessary to help them get started.

    This is a HUGE difference with working with Jack Casarez, I will help you and make sure you are using the right tools to make money and enough money to replace your current job so that you can stay home and spend quality time with your family that each person really deserves.

    But remember, it takes WORK!

    I look forward to hearing from you soon. Thank you.

    Saturday, April 5, 2014

    A Leisure Life just added a new video that needs to be shared around the world.

    Ok friends. Here is the newest video from what I believe is one of the greatest companies in the world and soon to become a name everyone will know. Be sure to watch that video and dedicate a few moments of your time to it. Turn off that boring TV and you will be blown away at what you are about to see.

    Here is the newest video I just received, you gotta see this!

    A message from the CEO and the President