| Whether you will retire wealthy or end up broke will | | | | gone. Many job worker are often too busy enjoying |
| depends on what you continue to do NOW and in the | | | | their life first and spent very little time to THINK how to |
| FUTURE. People who can retired comfortably without | | | | build multiple streams of residual income so that one |
| worrying for their next meal make preparation early | | | | day they can FREED themselves from being a job |
| even before when they need the money. | | | | slave. |
| Residual income is the key for you to get rich and | | | | Rich people are not special species from another |
| retire comfortably. | | | | universe. Take a look at the great stock investor |
| What actually is Residual Income? | | | | Warren Buffett, he may wear older clothes or drive an |
| A residual income is a steady flow of earn income | | | | older cars, but he is definitely very wealthy. One of the |
| which a person have put in the initial time and effort to | | | | special traits of the modestly rich is that they always |
| build it. It continue to produce money for you while you | | | | believe that frugality is the best way to increase your |
| sleep, on vacation or while you are sick and need to | | | | savings and invest in assets that can produce a |
| stay at home to recovery. | | | | residual income for many many years. |
| Examples of Residual Income: | | | | A business or a stay at home internet part time |
| - Song and book writers continue to get royalties from | | | | business can be another job. However, as you gain |
| the songs and books they have written for many | | | | more experienced, you can automate it and spend |
| years. This is called residual income. | | | | less time on it. You can build multiple streams of |
| - The monthly rental income from your various | | | | residual income with a single website by joining multiple |
| properties investment is another form of residual | | | | opportunities or you can build multiple website that |
| income. | | | | earns you multiple income from different opportunities. |
| - Quarterly dividends from your stocks and bonds is | | | | Likewise, when you start a traditional business, you |
| residual income. | | | | must have the mindset to manage and developed a |
| The more streams of residual income you build, the | | | | system that you can employed someone to run the |
| richer you become. Eventually, those people who build | | | | days to days operation while you focus on starting |
| a steady stream of multiple residual income will be able | | | | other business. Look at Supermarkets, they are not run |
| to retire without having any financial worry. | | | | by their owners. |
| The rich and affluent usually have the financial mindset | | | | Always remember, Work SMART, NOT work HARD. |
| of building a constant flow of residual income. That is | | | | If there are many people who can build a multiple |
| why they don't have to worry when one stream of | | | | streams of income from their stay at home internet |
| income dries off as they have other cash cows which | | | | part time job, so can you. Whatever business you |
| will still produce the cash flow that they need to | | | | intend to pursue, be prepared to constantly learn what |
| maintain their rich lifestyle. | | | | it takes to succeed and expand your financial |
| For the majority of the job worker, they have only | | | | education. |
| have stream of full time income. When they are | | | | Wishing you success in changing your Financially |
| retrenched or retired, their SINGLE stream of income is | | | | Destiny. |