The Use of Building Residual Income

September 26th, 2018 by admin Leave a reply »

This article is aimed at explaining the importance of building residual income and also to explain the need for individuals to leverage network marketing business model if their dreams are to gain financial and time freedom. So, even if you presently work a job or business, it is needful that you pay attention to network marketing so as to develop residual or passive income over time.

The commonest way that people define residual income is “income earned while sleeping”. Is it really possible to earn income while, all the while, you are asleep? This may sound strange to some people but, yes, it is possible.

The importance of residual income in a man’s life finds expressions in the statement of the billionaire investor, Warren Buffet, in which he stated that “if you don’t find a way to make money while you sleep, you will work till you die”.

Residual income is a concept that many ignore without understanding that their future well-being is dependent on it. And with what result? With damaging consequences.

By going to work every workday and receiving a salary at the end of the month, you’re simply exchanging time with money. Your salary is not residual. If your work stops, your income stops automatically.

Let me explain residual income with the following example:

Imagine two men in a village. Both have to walk a mile every day to a river to get water for their families. After a month, one man starts working on building an underground pipeline to connect the river to his house. For an entire year, he expends extra energy working on his pipeline. When he finishes, he has the source of the water directly to his house, while the other person continues to visit the river.

Residual income is like building a pipeline to connect water from the source to your house so that you don’t always have to go to the river.

In that short example, you will notice that it took some time for the pipeline to be constructed. But having done that, the man continued to enjoy water supply effortlessly.

However, the second man who failed to take the same initiative had to continue to visit the river for his water supply. What will happen if he becomes indisposed? He and his family will stay without water and suffer its consequences.

There exist many business initiatives that you can leverage in your effort to build residual income. But I do recommend network marketing, or MLM as some would like to call it, due to the fact that it doesn’t require a tonne of investment capital to set up.

A lot has been said about network marketing by various network marketing professionals but many still feign ignorance about it.

The reasons people WON’T take a look at network marketing is NOT:

  • because they don’t have the money.
  • because the opportunity or business isn’t good.
  • because they are worried about being scammed.
  • because the profit margins aren’t high enough.
  • because the demand for the product isn’t wide enough.
  • because they need to ask their spouses first.
  • because they need a night to sleep on it.
  • because they need more time to research the company.
  • because they need to get on the phone with you to join.
  • because they have to ask other people on Facebook to see if you’re a good sponsor.
  • because they need to see your bank account to prove the results.
  • because they don’t believe in it.

The real reason they don’t join network marketing business opportunity is that they have been conditioned by society to be consumers of goods and not producers.

  • They have been conditioned to buy “education” but not to buy knowledge.
  • They have been conditioned to have a “job” but not to own a “business”.
  • They have been conditioned to be workers but not to be their own bosses.
  • They are non-thinkers instead of go gutters
  • They are intimidated by anything that challenges them.

That is what this is really about. It’s about people who are so afraid of learning, and stepping out of their comfort zones and being paralyzed by their fears.

It’s about being comfortable and caring what other people might think. It’s about their family thinking they are FAILURES if they do anything besides just having a JOB.

If you’re working presently, understand that you are only exchanging your time and effort for the pay at the end of the month. That’s okay though but by going to work every day, you are not building residual income which is the pipeline that will enable you to get water supply without having to go to the river.

Advertisement

Comments are closed.

Top Construction American Women Fashion Newyork Pharmacy London Fashion Connecticut Bus Party Iowa Bus Party Hawaii Fashion Idaho Fashion Maryland Fashion Oregon Fashion Kansas Bank Perfect Bank Arizona Wedding Dress Texas Wedding Dress Expert Wedding Dress Nevada Transportation Perfect Transportation Perfect Homecare Newjersey Construction Newyork Women Fashion Worker Law Illinois Defense Phoenix Criminal Lawyer Alabama Criminal Lawyer Phoenix Law Enforcement Kansas Law Enforcement California Web Design Legal Divorce Trusted Lawyer Crime Attorney Divorce Mediation Call Attorney Legal Enforcement Creative Home Synthetic Grass Home Water Finest Home Private Lawyer Law Crimes Law Gallery Legal Mediation Beauty Panorama Blog Classifieds Blog Internet Marketing Blog Web Design Buy Herbalife Chemotherapy Treat Debt Tips Illinois Homecare Health Therapy Lawyer Assistant Illinois Caregivers Personal Product Services Relationship Tip Seroundtable Sports Athletics The Fashion Week Travelling Blog Us Travel Blog Loans Solution Canada Caregivers Healthcare Ca Divorce Ca Kansas Criminal Lawyer Money Ca Canada Criminal Lawyer Kansas Roofing Arizona Law Enforcement Florida Defense Finest Travel Media Drugs Weightloss Formula Formula Health Weighloss Strategy Nutrition Formula Dream Health Treatment Health Treatment Blog Creative Fitness Perfect Diet Best Auto Loans About Loans Asian Loans Cleaning Tools Magenet Poll Service Research Tools Intellilinks Law Family Linkworth Alabama Caregivers New Dns Finance Service Finest Health For Loans Gras Service Service Law Sport Gun Travel Buses Wall Media Virginia Caregivers Web Hosting International Lawyer Canada Fashion Ca Blog Collecting Blog Medicine Blog Weddings Buy Fingerprint Buy Wall Media Creative Wall Divorce Blog Newjersey Homecare Drugs Blog Facial Blog Finest Watch Games Sports Health Chemotherapy Home Grass Industrial Commercial Leisure Family Loans Strategy Alaska Caregivers Men Gallery Online Shopping Gifts Pets Animals Search Warp Solution Health Tile Product Travel Us Canada Wall Design Service Newyork Caregivers Why Link Custom Wall Seo Ca Jewelry Ca Florida Criminal Lawyer Alabama Law Enforcement Us Accountant Kansas Bus Newyork Roofing Illinois Criminal Lawyer California Defense Virginia Defense Mustang Car Web Hosting Canada Men Fashion Gallery Women Fashion Gallery Home-Based Business Auction Services Blog Games Real Estate Guide Forum Education Buy Bike Canada Healthcare Canada Buses New Transport Take Transport Stylish Shoes Find Loans Nutrition Health Family Nutrition Girls Beauty Fashion Artist Beauty Dress Travel Ticketing Dress Style Healty Inside Home Constructions Eating Drinking Finest Dress Finest Jewelry Floor Service Holidays Vacations Car Motorcycle Chitika Conditions Diseases Create Business Dating Communities Detox Service Divorce Plan Nevada Homecare Canada Homecare Dream Loans Beauty Sight Best Law Attorney Budget Travels Buy Reviews Loans Guide Call Loan Travel Loans Diet Nutritions Stylish Wedding Dress Men Fashion Style Custom Travel Tile Services Perfect House Health Treatment Help Home For Family Bus Trans Vacation Plans Us Transport London Credit Card Arizona Money Arizona Bus Party Hawaii Bus Party Maine Bus Party Kansas Fashion Mississippi Fashion North Carolina Fashion South Dakota Fashion Virginia Bank Find Bank Kansas Wedding Dress Health Alternatives Arizona Transportation Blog Transportation Expert Transportation Illinois Women Fashion Hp Backlinks Expert Pharmacy Florida Buses Canada Transport Elegant Transport Phoenix Fashion Arkansas Bus Party Idaho Bus Party Phoenix Buses Us Buses Canada Fashion Highheels Phoenix Highheels Us Highheels Arizona Highheels London Loans Market Lab Bahasa Business Law Buy Apartment Buyshared Host Construction Blog Crime Consultant Divorce Consultant Drugs Center Finest Fashion Foods Culinary Gown Blog Jogja Host Loans System Texas Caregivers Matomy Seo Perfume Blog Post Joint Roofing Technique Sponsored Reviews Maryland Bus Party Connecticut Fashion Kentucky Fashion Links Bull North Dakota Fashion California Wedding Dress Virginia Wedding Dress Us Wedding Dress Your Transportation Washington Construction Arizona Women Fashion Texas Women Fashion Texas Pharmacy About Pharmacy Legal Traffic Accident Guide Find Attorney Blog Lawyer Criminal Law Guide Traffic Crime Casual Dresses Phoenix Homecare Blog Electronics Blog Pharmacy Books Publications