Linear or Residual Income ... Which do you want?



Read More: Dealing with Objections

Income is a “MIND SET” you must first ask yourself this question… “Do I want to trade my time for money OR Do I want an income that keeps coming in on a regular basis from the work I did once?”

More than 90% of the people around the world are accustomed making “Linear Income” trading their time for money.  Linear Income is what some call Work Income; you receive a paycheck in trade for your physical time & labor.  When you stop working the income stops coming in, because of that reason most people are not financially independent.

Residual Income or Passive Income is very different.  It is the most powerful and profitable source of income, you do the work once and get paid on that work over and over again.  About now you are thinking “THIS IS THE INCOME I WANT!” … so how is this Residual / Passive Income is made.

A good example is Elvis Presley … during his lifetime he made movies and recorded songs ONCE… his estate continues to be paid a “Royalty Income” on that work.  That Royalty or Residual Income is what makes life long fortunes.  It’s not a “get rich quick” type of income; it takes consistent effort, strong determination and time for wealth to grow.

Jim Rohn said: “Work full-time in your job and part-time on your fortune”

Watch this excellent video that can help put this concept in prospective, if you see the value of leveraging your time to generate a residual income then we need to talk.  Once you understand this concept you will be prepared to find a passionate source of residual income that fits you.

http://joinbobandkimber.com

 

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About the Author: Bob and Kimber Cook

Member Since: 09/18/2009

I'm a Distributor For:: Lightyear Wireless

Other Company: BobandKimber.com

Industry: Telecommunications

Primary Web Site: http://www.cuttingedgecellular.net

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