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What is Residual Income?
- RESIDUAL INCOME
- Residual Income (also called passive, or recurring income) is income that keeps coming in month after month, year after year, from work you do just once. It's like a royalty; you write a book, a record, or a song and get paid forever on it.
- LEVERAGED INCOME
- Leveraged Income is earning money through other people's efforts. There are only 24 hours in a day. Hence, there's only so much you can earn through your own efforts. A smart business is one that allows you to "leverage" your earnings through what other people are doing that becomes a win-win situation for everyone. In International Teamsworks Inc. (ITI), that means that you can earn income when your partners succeed in their business. By simply helping your partners succeed, and they help their partners succeed, you'll have hundreds, even thousands of partners putting money in your pocket around the clock!
Compare these to "Linear Income"
- LINEAR INCOME
- Linear Income, which is "one-shot" compensation or payment in the form of a fee, wage, commission or salary, is directly proportional to the number of hours invested in it (40 hours of pay for 40 hours of work). One of the great advantages of residual income is that once things are set in motion, you continue making money from your initial efforts, while gaining time to devote to other things... such as generating more streams of residual income!
I don't want a job (JOB - Just Over Broke!)
Income from jobs has been declining as well as the security that a good job with a good company used to offer in North America. Before discovering residual income I worked in the same trade for twenty years. I made good money, but I was unable to get ahead and I was still only a couple paychecks ahead from being homeless.
Did you know that 9 of 10 families now need two working members to just make ends meet? Surveys indicate 85% of all Americans would like to own their own business.
A new home-based business opens every ten seconds. 25% of North America is involved in some sort of home business. The average home-based business generates over $50,000 yearly in income, while the average working wage is only $ 22,000 in North America.
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