This Article is About
residual income
linear income
retirement plan
initial effort
time payment
rest of my life
How Important Is Residual Income
Join 1000's of Authors at StreetArticles Today!

How Important is Residual Income

Residual income or sometimes called recurring income is money that keeps coming in after the initial effort is complete. How important is residual income? Banks look at the residual income that you have after your personal debts have been paid. If you have enough residual income they will give you another loan because they know that you can afford the payments on the loan they just approved.

Actors get residual income on the movies that they make. They finished making a movie and continue to make money on it. If you have an oil well on your property, the oil company will pay you a percentage of the profit they make off it. The same way with authors, they get royalties off their books as long as their book are selling.

The problem is how many of us are actors or have an oil well on our property. I am willing to bet not many of us. Residual income is important when you retire. You would not have to worry about living on a fixed income. Fixed income or linear income is money that is paid as a one shot deal, basically it is money that you get for a set amount of hours you work or a task you complete. It is a one time payment, once the job is complete and you get paid for it, that is it.

Internet marketing is a way to earn residual income that is realistic for anyone. Owning an internet marking business is in anyone's budget no matter what your financial status. For that matter you do not have to have any money at all to get on your way to earn a residual.income.

When I started thinking of ways I could earn residual income so I would not have to work in the construction field for the rest of my life with no retirement plan. I ran across a gentleman at work one day and we started talking on the subject of retirement and how he did not have to worry about running out of money in his golden years.

This gentlemen started telling me about his internet marketing business and how he got started. The first thing he told me was that I did not need to know anything about internet marketing because they are businesses that will provide all the tools that you need and teach me everything that I need to know.

The second thing he told me was do not listen to negative people People that do not think starting their own business is possible. They do this because they think the only way to make money is work for someone else. If everyone thought that way none of us would have a job because their would not be any.

You have to talk to successful people, they will not shoot your idea down, they will encourage you and give you advice on how they started their business. I want people that want to start a business online and are serious about it to know that their is companies out their that will teach you and give you the opportunity to do so.

You can build a residual income no matter what your age and it is fun. If you are already retired this will give you something to do. It is something that I really enjoy and the best part about it is I make my own hours. I encourage you to do this it is a fun way to earn some residual income. You have nothing to lose so give it a shot and take action.

Street Talk

No comments present
You May Also Like
How to Generate A Residual Income?
Are you looking how to earn money from home? Maybe you are looking specifically to earn money at home on-line? In general there are two ways to make a make money whilst staying at home. I have highlight both ways and show you the advantages and disadvantages of both. Earning…
  Likes: 2

Does Getting Residual Income From Online Business Really Work?
The holy grail of business - the idea that you can put systems in place to provide you with income while you're not working - is something that we've all dreamed about at one time or another. Especially for the budding entrepreneur working a tireless schedule to make a small…
By: Nathaniel Brenes in  Internet and Businesses Online   Mar 25, 2013  
  Likes: 1

Why I Want A Residual Income?
I work early this morning thinking about a new project happening at work. It has been decided that we need a new erp/accounting system as we have outgrown our existing one. In a way this excites me as it is a large project that I can get my teeth into.…
  Likes: 0

Residual Income Online
Today I would like to talk about a stream of residual income online, but first we need to understand what residual income is. There are many forms of residual income online and off line. Putting it in simple terms, residual income is making an hour (and more) earn you money…
By: Zen in  Internet and Businesses Online  >  Affiliate Revenue   Feb 06, 2012  
  Likes: 0

earn residual income online
How do you make money online and is it at all possible to earn a residual income online and how many people actually succeed at it.?These are all questions that you might be asking yourself if you are considering getting into internet marketing or making a living online which can…
By: David18 in  Business   Dec 06, 2011  
  Likes: 1

My Answer to the Question, How Can I Make Money
You ever asked yourself, how can I make money? I have lived my life working in different companies in many different areas ever since I was 14 years old. Now I am 36, without a job and disappointed about the fact that no matter where I worked, I couldn’t make…
By: Peter Smith in  Home Based Business   Oct 04, 2011  
  Likes: 3

Enjoy Online Business
Nowadays, online businesses are very rampant, it is because it provides you a residual income that you can never find elsewhere. I am thankful that I was able to discover ways to earn online and this I would like to shar with you. If you are tired of searching for…
By: tiny florentino in  Home Based Business  >  Network Marketing   Aug 14, 2013  
  Likes: 0

Why List Building is A Must
Why do you build a list? List building is a must if you want to promote a business or program using email advertising. How do you build a list if you are just starting a business or an affiliate for some other program or business. Unfortunately you cannot build a…
By: Allen Jenkins in  Internet and Businesses Online  >  List Building   Oct 01, 2014  
  Likes: 2

Amazing Strategies for Starting A Successful Home Internet Marketing Business
Starting a home internet marketing business can be very stressful and frustrating not to mention time consuming and expensive if you don't know what you are doing. You wanted to find a business that made it possible to earn an extra income from the comfort of your home but now…
By: Dustin Kerr in  Internet and Businesses Online  >  Internet Marketing   Feb 14, 2011  
  Likes: 0

Jobs And Employment
In the market today  jobs are very hard to come by. A bad market causes companies to lay off thousands of employees, robbing families of their income and pride. More and more people are finding themselves without a job causing them to lose their families, homes, and everything they have…
By: Toby Shepherd in  Internet and Businesses Online  >  Affiliate Revenue   Oct 05, 2011  
  Likes: 0

Affiliate Marketing; The Setbacks Of Joining the Wrong Programs
In our previous articles, we got to know that our choice in the affiliate programs we join mark the difference between success and failure in our efforts to make a living through affiliate marketing. We also stressed that though some programs paid well, they simply weren't in good demand. It…
  Likes: 0

Cash Flow is King
In the real world cash flow has a lot to do with business and how well their cash flowed in or out of the business. I’m writing to the institution of the family and not the business or organization to alert you that in the world of money, cash flow…
By: Koko Ishe in  Finance  >  Wealth Building   Jun 13, 2011  
  Likes: 0

How to Get Started Building A Retirement Plan
The first thing that stops people from actually saving for retirement is that they just don't understand how any of it works. Once you break things down and start researching to make yourself a simple, understandable, doable plan it will make more sense and become more realistic. So, how to…
By: Jennifer4 in  Finance  >  Personal Finance   Jul 07, 2011  
  Likes: 1

Choosing A Mobile Apps Development Company In India
There are several aspects you need to look into while choosing the right mobile application development company for your needs. Businesses these days are heavily dependent on sophisticated tools and user interfaces to engage the modern customers. Therefore most businesses are these days getting sophisticated applications developed to support the…
By: John Hrq in  Internet and Businesses Online  >  Internet Marketing   Jun 07, 2016  
  Likes: 1

Creating The Right Online Marketing Strategy
People that own a website are often quite anxious about their needs for reaching out to consumers. Owners are continually faced with a unique base of challenges when trying to remain competitive with comparable pages in their niche while also considering their budgetary constraints which can seem counter intuitive on…
  Likes: 1

Article Views: 1290    Report this Article