Residual income formula - This new strategy Will help you achieve financial independence

Residual income formula - This new strategy Will help you achieve financial independence

According to me, Financial independence would be when I have no worry for money. Not at all. It may not mean having millions tucked away in a bank account. No. Financial is when you Live a stress free life and never worry about money again. When you have constant supply of money.

That is where residual income comes in.Residual income (also called passive, or recurring income) is income that continues to be generated after the initial effort has been expended. Compare this to what most people focus on earning: linear income, which is "one-shot" compensation or payment in the form of a fee, wage, commission or salary.

Linear income is directly proportional to the number of hours invested in it (10 hours of pay for 10 hours of work), but one of the great advantages of residual income is that once things are set in motion, you continue making money from your initial efforts, while gaining time to devote to other things... such as generating more streams of residual income!

I'm not against earning some good, honest, "one-shot" linear income, but given a choice, which would you rather do: work hard and get paid only once, through linear income, or get paid continuously - perhaps for years or even the rest of your life - for hard work you perform only once, through residual income?. I hope you answered right. Residual income.

Well, there are a variety of ways residual income can be earned but since you are reading this online, for this article, I am interested in the residual income online. And by the way, this is the easiest to make because of the large market you have at your disposal.

Online, residual income can be made in many ways.

1) Transfer the rights to a book you wrote, a software program you created, a gadget you invented, or a song you recorded, to a company that agrees to pay you a percentage of each copy of your work sold in the future.

2) Earnings from internet advertisements on websites (Google adsense)

3) Residual income, repeated regular income earned by a sales person, generated from the payment of a product or service,

that must be renewed on a regular basis in order to continue receiving its benefits. (Multilevel marketing) am interested in number three.

In the few years,mlm business opportunities had died off. But now it is picking up because of a new concept that I would like to share with you. This new concept is now being used by many online to make residual income and secure financial independence. This concept is called team work or collective recruiting. There are many teams now all aiming to help you build a substantial residual income online. For example, there is one team called The Financial Independence Team (FI Team)

The FI team offers what is called leverage in order to build for you a substantial passive residual income with empowerism.

Leverage is another powerful concept that allows each and every person to benefit from the efforts of a collective group. Individually I can only work so many hours (10-15 hours at most) but if I can bring together a group of people who are all willing to work diligently towards the benefit of the team then we can achieve so much more. I know it's a clich but in TEAM (Together Everyone Achieves More) the whole is indeed greater than the sum of the parts. Say if you can work 1 hour a day (which is what we shall require from you), then 100 members can give 100 hours of work per day. That you can never achieve alone.

With The FI Team YOU benefit from YOUR work and you also benefit from the efforts of all the active members on the team! This is called collective recruiting.

Collective Recruiting Online that seems to be the name of the game at the moment. Collective recruiting is where a number of people get together and promote a particular program in order to help each other build a down line so that all members can build a substantial online business.

The potential of collective recruiting is huge (more so online as the potential target market is so much bigger and easier to reach). It is possible to work as a team and ensure that all members succeed where they may not have done if they had worked individually.

With the strategy of team work and collective recruiting, you will achieve financial independence sooner than you would have imagined. Should I say $10,000/month within a year? I know You would call that hype. But anyway, you get the point of this article.Find a team, stick with it and you will tell me the results.

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