Monday, February 11, 2008

Stop trading time for money!!!

Do you get paid for each hour you work? So, if you work 8 hours today, you receive income for those 8 hours. Imagine what it would be like to receive income of say 4, 10, or even 100 more times those hours worked. You would work, say, 10 hours and receive income equivalent to 40, 1000 or more hours. Chances are you’re now thinking it’s not possible, unless you’re one of the few people who really understand the power of residual income.

Residual income requires you to do the work once yet the money continues to flow in from it. It's not dependent on the hours you work. The majority of us have been brought up in a culture that encourages us to trade our time for money. You get paid only once for the work you’ve done. If you want to earn more, you need to work more hours or raise your fees. Both these have an upper limit. There are only so many hours in a day and within industries, there's generally a fee beyond which you may not get the work. This type of earning strategy requires you to always be there. You won't get paid if you’re not. It’s a longer, harder route to financial freedom, whereas residual income brings you closer, sooner.

Residual income can come from in many forms, such as property rental, investment income, network marketing or royalties from books and, in this information age, e-books.

If this makes sense to you and it should, Click Here