understanding Residual Income -Ayodele Israel

Residual income can be described as income that continues to come in even after you have already provided a product or service. The easiest way to think about residual income is "do the work once, get paid forever." This type of income used to be limited to professions such as writers or musicians. Every time they sold a book or a CD they were paid a royalty. Now, you can earn residual income from the comfort of your own home selling.


The beauty of a residual income business opportunity is that if you work hard now, you may not need to ever have to work ever again for the rest of your life as money will flow in from the work you once did.

'Residual Income is another term for “recurring” income. Basically there are three types of income streams that you may have coming into your business. If you do a one-time job, sale or perform a contract, you get paid once and the income stops there. If you do a normal 9 to 5 job, you will continue to get paid as long you continue to work for your employer—often called a linear income. This is the type of income that the majority of workers “enjoy.” Even if you are a neurosurgeon, lawyer or engineer, you are only paid as long as you continue working. You stop working and the bank account dwindles.




The third type of income is the residual or recurring income where you are paid even after you have stopped working. For example, let’s say that you wrote a book. You had to go through the tedious task of researching, writing and getting a publisher. However, after that initial investment, and as long as your book continues to sell, you will continue to receive royalty checks.



A majority of affluent people created wealth through a residual income stream. Take singer Michael Jackson for example; he still continues to receive royalty from the sales of his records made decades ago. He can even repackage the same oldies and sell them to generate new income. He doesn’t have to spend time in the studio to record new songs in order to have the cash keep flowing in. This is the most ideal situation of the three. We would all like to work once and get paid over and over again. That is the power of residual income!'
what are you waiting for Age, Sex, Location, Proffession should never be a barrrier remember, if you want financial freedom, time freedom and time for your God then wao, junp into the ship of Residual incomers today.


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