subject: Earning residual income, 7 KeysTo Living A Job Free Lifestyle [print this page] Earning residual income, 7 KeysTo Living A Job Free Lifestyle
Are you tired of surviving on what your company wants to give you? Are you working your life away? You might be surprised to know that there are thousands of individuals who have learned how to quit their 40 hour a week career and create the lifestyle of their dreams? What are they doing? They are earning residual income to sustain their free and easy lifestyles. There are 7 tips used by the wealthy that provides them a lifestyle where a occupation, employers and uncertainties about money are non-existent.
About 5 years ago, I hired a millionaire wealth coach for 18 sessions. He was a banker and commercial real estate investor. Our appointments were once a week and he would give me tasks to complete before the next meeting. During these sessions he also showed me principles and techniques used by the very affluent to take control of my finances, my time and to start earning residual income. It drastically changed my life. Here are seven of the many lessons that I learned.
In order to change your present state of affairs you must have a clear vision of what you want your new life to look like. What will you do when money is no longer the motivating factor for working? The more specific you can be the better. Write it down, read it twice a day, once in the morning and once before you go to sleep.
When you focus on your new life, think big. Having an abundant mindset means when you think about your worry free life, your thoughts must come from an "I deserve it" perspective. Visualize your life as you want it to be. Earning residual income is the key to your transformation.
The next secret is to find your passion. Do something your enjoy and you will never work again. What do you like doing? Discover your passion in life. By doing something you love, your everyday life will be more exciting and truly enjoyable and you will find great success because you will set about it with a lot of energy.
Find what gives you pleasure and satisfaction and turn that into a enterprise that generates currency. To truly start earning residual income you must choose a cash machine that has a recurring revenue element. That way your individual labors will be maximized. Close one deal and get paid over and over again. When you set up a residual income small business based on your passion, you are more likely to succeed, because you are doing something that brings you pleasure. The money generated from your business will fuel the creation of your financial portfolio.
The funds generated from your recurring revenue home business should be invested in assets that also earn you a residual income. The idea is to continue to acquire these revenue producing assets until the residual income you earn from your portfolio supersedes your monthly expenses. Once your asset portfolio starts earning residual income high enough to pay your bills, guess what? You can quit your job!
Earning residual income from your home business will shape your lifestyle. The house you live in, the kind of car you drive, vacations, utilities, groceries etc will all be paid for from the residual income earned from your recurring revenue business and your asset portfolio. Your time will be yours to control. Taking action to change your life will bring you happiness and financial peace.
