Are Residual Incomes Streams Possible?

First of all, let’s define residual income. To me residual income is money you make over and over again from one sale. The best setup you can have is multiple residual income streams.

Let me ask you, what is better?

Would you rather have 1 million dollars given to you today (tax free :) or would you rather have a penny today but receive double the amount the next day and the next day again double for a total of 64 days and have to pay 50% tax on that.

Which would you choose?

I would choose the latter any day!

Let’s do the math.

In the first example, even if you get it tax free it is 1 million dollars. True you have it now and can invest it but really how much can you make in 64 days with it? Let’s say you are lucky and score big on the stock market doubling the money. That is another 1 million dollars but you have to pay capital gains tax which varies per country but about 15%. So you total gain is $750,000. That brings your total income to $1,750,000.

Let’s take the latter example. On day 30, you take is 5,3000,000, even at 50% you make a lot more on that DAY than you do in the previous example.

Of course this comparison is a bit ridiculous but it does illustrate a point It is almost always better to get paid over and over again for work done previously, to crerate Residual income streams.

Look around you, everywhere you go, stores are offering free offers, like a free cup of coffee, 10% discount; online they offer free reports, information and even free products.

What do these stores and online marketers get in return?

In the store business, they often get your loyalty and you come back again and again, becoming a residual income stream for that store. In the online world, you are usualy required to give your contact information for free in exchange for the report. The result, the online marketer will market to you later, thus becoming a residual income stream.

Some people might not like this system, but personally I find it to be fair and I am a residual income stream for many marketers online ?There are some great training products out there!

Let’s take a good look at the products a lot of internet marketers promote. I would say 70% or so are the type that income a monthly payment of some sort or at least multiple payments?

That is not by accident, this smart marketers are creating residual income streams.

Swell Your Income Streams let them Flow into a River of Residual Income!

So the true key to the wealth kindom is to setup as many residual income streams as possible!

If you want to find out about my personal favorite residual income business, first

watch this 10 minute ABC Primetime News clip

After watching that video, contact me at: 1-650-924-9975; Skype: chris.blairmlm; contactchrisblair@yahoo.com; FaceBook: http://www.facebook.com/contactchrisblair