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06-10-2004, 11:54 AM #1
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Extra Income --- that would be nice
Extra Income ---- that would be nice…
In the mid 50’s, a family could survive on one income. Today, very few can manage on two. And that won’t be enough in another few years.
It’s a shaky future. All of us would be wise to have multiple incomes flowing into our bank accounts.
Prosperous people have always known this. If one income vanishes, they have others to support them. Ordinary people are much more vulnerable. If they lose even one of their incomes, it wipes them out. It could take years to improve this situation and the rippling affects can be disastrous.
It won’t be long before people will need a portfolio of income sources – AND from completely different and diversified avenues. If one source dries up, you will barely feel the bump. You are sound. You have time to adjust, regroup. You are safe.
Do you have multiple incomes flowing into your bank account at this time? Are they Linear or Residual? And do you know the difference?
You have a Linear source if you get paid for every hour you work. You have a Residual source if you work hard once, and it releases a steady flow of income for many years. You are rewarded over and over for that same original effort.
Even doctors and attorneys are not as wealthy as they appear. They don’t earn residual incomes. They can only see a fixed number of people per day and they have to be there every day to generate their single Linear income. They may appear to be wealthy, but they work the same hours and days that most of us do. The only difference is their Linear income is higher than ours.
If you are smart, you will start shifting your income sources from Linear to Residual and eventually realize the freedom to do what you want, when and where. This can be accomplished easily, without a lot of fuss. Start with ONE new residual source this year. How about right now?
Of course most of us cannot write a book or compose an opera in order to generate lasting Residual income. But the Internet has given us the chance of a lifetime. There are many programs not worth their print, but there are others that will indeed, give you the Residual income we speak of. The trick here is to recognize the difference between hype and straight talkin’.
Just as we must first walk before we run – to become a Leader, we must follow.
The best place to look for an ‘honest’ Residual income is to find someone you trust and follow him/her. A name that you recognize, a name that has a substantial following already, a person who over-delivers on promises. These are the true “gurus” --- and if you’ve been on the Internet for more than a month, you know who they are.
All of them have programs designed to give you Residual incomes. Look over what they offer and make your choice. Give it everything you have in promoting it, and when you have it off the ground --- look for your next Residual source.
Success is a marathon, not a sprint. I did it -- so can you.
Esther Smith is editor of “Partners-For-Profit” Newsletter and copywriter for The Permanent Venture. Get FREE info on your best source of Residual income today: http://thepermanentventure.com/TJF.htm This is NOT a “work-for-me” program.
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