Wednesday, September 3, 2014

Create Your Own Economy By Building Residual Income

"Create Your Own Economy By Building Residual Income", I'm sure you've heard that before. If not, let me tell you how that phrase came about.

Once upon a time you were raised to believe that if you went to school, got good grades, went to college, got good grades... you could then go out and get a job. You've done that or at least have a job but it's not really what you were expecting or you are just tired of spending all of your time there and not enough time with your family or with what you want to do. Also, times are iffy and you don't know from one day to the next if you will even have a job.

You can't depend on Corporate America. You can't depend on the government and economic times are bad. Guess what, it's time for you to stop putting all of your eggs in one basket (the corporate basket). You have got to rely on yourself. You've got to create your own economy. You can do that by building residual income.

So what is residual income and why should you have it?

Residual income allows you to do something one time and continually get paid for it. You no doubt have seen this in the music and movie industry. An artist or actor creates a song or a movie and each time it's played, he gets paid for it over and over again. An internet marketer creates an e-book and each time someone hits the buy button, he gets paid for it over and over again.

Either one could be at the beach, sleeping, traveling around the world or out to dinner... just enjoying life really and still getting paid for something that he did once. Now, that's quite different from a 9 to 5 job. If you don't put in the time, you don't get paid while a residual income you continually get paid. In fact, you could get paid 24/7. How awesome is that?

Building residual income can allow you to become financially independent if what you are offering is something that the market wants. It allows you to create your own economy. It also allows you to get your time back and do more of the things you want to do. You can do whatever you want... wherever you want.

If you want to become financially independent by building residual income, plan on having multiple streams of income. Why multiple streams? Again, you don't want to put all of your eggs in one basket. If you only have one stream and that stream goes away, you are at a lost. With multiple streams, if you lose a stream of income, you still have other sources coming in allowing you not only to create your own economy but to control it as well.

Juanita Dailey is a published author and internet marketer who works from the comfort of her home. She loves to help others take their businesses to the next level using proven strategies and techniques.