RESIDUAL INCOME

THE 9th WONDER OF THE WORLD

Einstein once remarked that Compound Interest is the 8th Wonder of the World. On this basis RESIDUAL INCOME WOULD BE THE 9TH WONDER OF THE WORLD.

If you can combine Residual Income with Compound Interest you can have a wonderful life.

The SECRET!

Want to know two of the biggest secrets of the ultra-wealthy?

RESIDUAL INCOME and LEVERAGED INCOME.

RESIDUAL INCOME is income that keeps coming in month after month, year after year, from work you do just once. It's like a royalty; you write a book or record a song and get paid forever on it.

LEVERAGED INCOME is earning money through other people's efforts. There are only 24 hours in a day. Hence, there's only so much you can earn through your own efforts. A smart business is one that allows you to "leverage" your earnings through what other people are doing in a win/win way.

Residual Income is the secret the wealthy of the world have known and kept to themselves.



They need not have bothered-for unless YOU were blessed with the talent to create a best selling book, or able to compose a hit song or build a better mouse trap, or you had excess capital to invest in stocks or real estate-there was NO real opportunity for you to participate in earning Residual Income



RESIDUAL INCOME is similar to royalty income, such as that earned by a successful author, musician, songwriter, inventor, or the dividend income earned from investing in stocks or real estate.

Do you know that the Estate of Elvis Presley is still getting residual income today?

Any idea how much Paul McCartney earns from residual income? It was recently reported that his fortune is now over ?1 BILLION.



RESIDUAL INCOME IS SMART MONEY - AND WAYS YOU CAN EARN IT

Residual income (also called passive or recurring income) is income that continues to be generated after the initial effort has been expended. Compare this to what most people focus on earning: linear income, which is 'one-shot' compensation or payment in the form of a fee, wage, commission or salary.

Linear income is directly proportional to the number of hours invested in it (40 hrs. of pay for 40 hrs. of work), but one of the great advantages of residual income is that once things are set in motion, you continue making money from your initial efforts, while gaining time to devote to other things, such as generating more streams of residual income!




Following are some examples.

1) Transfer the rights to a book you wrote, a software program you created, a gadget you invented, or a song you recorded, to a company that agrees to pay you a percentage of each copy of your work sold in the future.

2) Become an actor and draw residual income from each of your movies, TV shows, or commercials, each time they run.

3) Let an oil company drill a well on your property in exchange for a percentage of the revenue.

4) Purchase an office building or other real estate that earns you recurring income through lease or rental payments.

The above ways of earning residual income generally aren't that easy to implement. Following are some that are more attainable for the average person:

5) Start a savings and investment program that pays you residual income in the form of interest or dividends.

6) Join reseller/referral associate programs on the Internet. These are called affiliate programs, and are very popular.

7) Create and market your own information products.

Self-publishing your own information products has several advantages over marketing through other publishing companies:

* You, as the product creator, get 100% of the profit, versus a small percentage of royalties (around 10%) through traditional publishing companies, if they decide to publish it at all,

* By gaining complete control over the marketing of your products, you can profit from them for as long as enough viable markets (willing, able and accessible buyers) exist.

Conversely, traditional publishers usually have so many new titles by other authors vying for their marketing budgets and attention that unless an author is well-known, or the work is a top seller, the author's work is not given much priority and is pulled from the market within year or two, thus fading into obscurity.

* An author or musician creates a book or song one time, but then earns a small percentage of every copy of the book that's sold, or every time the song is played on the radio or sold on a record, tape or CD.

* An inventor invents a device and then receives a small percentage of the sale prices every time one of his

or her manufactured inventions is sold.

* An investor purchases a stock or buys real estate and receives dividends or rent for the financial life of that

property or investment.

FINALLY

The best types of residual income are usually those that you have exclusive rights to or otherwise control. They may be harder and more time-consuming to develop or acquire, but the rewards are usually greater, and the income more stable.

Given a choice, which would YOU rather do: work hard and get paid only once, through linear income, or get paid continuously - perhaps for years or even the rest of your life -for hard work you perform only once, through residual income?