You might be surprised at what you have to offer the world and what you might gain in return. This is the poster child of a fixed income. This is passive residual income. Passive residual income is income which is generated by one effort, returning dollars to you, over and over again, without any further time or effort on your part. Sounds good! How do you get on this train?
Let s say you re a dog fancier and have come up with an idea for a dog collar that protects your pooch from every pest in a dog s life. You write the booklet once, but are paid over and over for your knowledge. As you sleep, you ve got orders coming in and money flowing into your bank account. Hey, that sounds good! How can you accomplish this? When you go to work in a factory, for example, you perform certain tasks and are paid according to the number of hours you invested in performing the task. Write a book and let the world know your secrets. Tomorrow, you return to work and perform the very same tasks. The tasks you performed yesterday have been paid for and are reflected in your paycheck.Most of us are stuck in a 9 to 5 job, paid a salary or compensated by the hour. Unless you get overtime, a raise or a yearly bonus, your paycheck remains unchanged. Do you need to re-invent the collar? No. Are you paid for your efforts millions of times? Yes. How can you change this scenario for the betterment of your lifestyle? There is one excellent remedy. Maybe you know every folk remedy to cure your dog of ailments the vet calls hopeless. It s called passive residual income.
You patent your idea, manufacture the collar and then sell millions of them. Like clockwork, whether it s weekly or bi-monthly, you get your paycheck and that s that. Your expenses continue to rise. Make a list of things you know which might be of value to the public. This is passive residual income. Passive residual income is nothing to sneeze at! Author's Resource Box Bryan Dulaney Serial Entrepreneur & Mobile Lifestyle Designer http: squidoo continuityblueprint. A prospect like this can t be beat. You write the booklet once and sell thousands of Din975 Suppliers copies to dog lovers and vets alike. You won t be paid again for yesterday s efforts. This picture can get old, fast. The point is that you may have talents and avenues of income which are simply lying fallow. On the other hand, passive residual income puts money in your bank account day after day and month after month, for work you performed only once