What Exactly Is Residual Income?
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Residual income is money earned from past work that continues to generate payments. For example, Michael Jackson's estate continues to earn over $200 million per year from his past music recordings and performances. Residual income can be earned through investments like rental properties, stocks, and businesses that generate ongoing royalty payments. Developing residual income is important for financial independence and security since it continues even if you stop actively working. The document discusses how joining the 5Linx company could help build $2,000 per month in residual income through marketing essential services that everyone uses.
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What Exactly Is Residual Income?
- 1. What Exactly Is Residual Income? And why is it important to your financial future.
- 2. Residual income is compensation you receive for work you only performed once, but get paid on repeatedly.
- 3. Michael Jacksons estate is a great example of residual income. Earned over $200 million in 2012 even though he has been deceased for several years.
- 4. Fortunately ; you dont have to be deceased or a famous pop star to earn residual income.
- 5. The Two Sources Of Income Linear Income trading Residual/Passive Income your time and expertise your investments make for money. you money. Job/ Employee Rental Property Doctors Stocks/Bonds/CDs IT Professionals Business Investments Plumbers Royalties LOWEST INCOME TAX Lawyers RATES Auto Mechanics HIGHEST INCOME TAX RATES
- 6. Why Do You Need Residual Income? Residual income does not depend on you trading your time for dollars thus allowing you to do other things with your time. Having a sole source of income from a job/employment is risky because you dont own the job. A job can be taken away as millions of Americans have experienced over the past few years. Wealth and financial independence is built through passive income. Passive income sources typically enjoy lower income tax rates.
- 7. So, How Can You Develop Residual Income? Of course, there Do you know anyone that uses are several ways; electricity and gas? Cell however, I found phone? Internet? that getting paid How about cable and satellite on essential tv? services that I think you get my point. everyone uses is the best way to earn residual income.
- 8. If we could show you how to develop a $2000.00 per month residual income in the next year, would that make a difference in your life? How much money would you have to have invested to earn $2000.00 per month at 5% interest? $400,000!!! If you can save that much in the next year, this opportunity is probably not for you.
- 9. Get Paid on Essential services people use everyday. 5Linx has appeared on the Inc 500 list of the fastest growing private companies in North America for 6 consecutive years. Founded in 2001, 5Linx's focus has been in VoIP and essential consumer services. 5Linx has experienced greater than 800% growth rate for the last four consecutive years.
- 10. The winds of life blow on each of us without favor. Sometimes there are headwinds we have to struggle through and other times the winds are at our backs - propelling us forward. Regardless of how the wind is blowing it is how you set your sail that determines your progress. Come join our team to set your sail to prosperity.