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For Those Who Are Really Sick Of Their Jobs Working For Others   Message List  
Reply | Forward Message #1087 of 1574 |
If you’re given a choice of making $500 as a one-time payment OR getting only $100 but paid this amount every month, for 20 years if not for life, which would you choose?
If you work only once and get paid many times over, you’re earning a RESIDUAL INCOME. Of course you’d choose the latter.

Elvis Presley to day “continues” to earn residual income even after death because his records continue to “work” for him due to continued demand from his fans.

Therefore it goes without saying that in order to build wealth, you need to tap into RESIDUAL INCOME.

Very often, this is also referred to as “PASSIVE INCOME”, because you could afford to be passive or non-active (i.e. not having to work) and still continue to receive income.

If you're like most people, you've been conditioned your whole life to think about income as a process of trading time and effort for money. Like the majority, you have been brought up to have only one major objective in life – JOB! Incidentally, if don’t already know, to many, JOB stands for “Just Over Broke”.

You work hard in schools so that you could get good grades to advance to colleges and universities where you work even harder so that you could get a good and secured JOB. Once you’ve got the jobs you want, you continue to work very hard in order to maintain them and to climb the so-called organizational ladder of success.

As a result, many have fallen into the trap of the RAT RACE and you know very well  you can’t afford to stop because if you did, so would your income!
 
 
 


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Sun Aug 20, 2006 3:56 pm

jeromemagolis
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If you’re given a choice of making $500 as a one-time payment OR getting only $100 but paid this amount every month, for 20 years if not for life, which...
Jerome Magolis
jeromemagolis
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Aug 20, 2006
3:58 pm
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