How Can Passive Residual Income Give You A Better Life?

Someone once explained to me that he was taking a month or two vacation away from work. Naturally I asked how that was possible. Definitely no normal employer would allow someone to just randomly take a few months off. He went on to tell me about how he was making passive residual income and I was instantly hooked and had to have it.

First, let me explain exactly what passive residual income is. Passive income and re-occurring income have slightly different definitions.

Passive income is income that is derived from business happenings that took place in the past. It means that the income comes even if you're inactive. It is income that comes without the persistent work. Residual income is income which comes in intervals usually every month or year after the initial sale is made.

They are similar in definition except that passive income may not always be the same amount. For instance, if you were to sell an information product, the sales from that product will differ every month. You might be paid consistently year after year for one time effort or work (passive income) but the income won't be consistently the same. (residual)

In this day and age passive residual income could be a huge comfort zone for you and your family. What income would you rely on if you were to get laid off or got fired? You might always look for a new job, but lets face it, the economy has seen better days.

Not only will it provide you with a piece of mind but it will also permit you to spend more time with your family and friends. Time is money right? So if your passive residual income starts exceeding what you make at your regular job, you can begin to cut back on hours or even quit!

Be careful not to do anything stupid and get carried away. It's always better to be safe than sorry and that is why I believe passive residual income to be a necessity for my lifestyle. Some people just are not made to live a worry free no time constraints life. In fact, many people have to have the 8-5 M-F job because that's the way it is, that is the way it always has been, and that's the way it's gonna be.

I say too bad for you. Passive residual income will allow me to set my very own schedule. I have the opportunity to sleep in whenever I want. Heck, I can even take a few months off without skipping a beat!

There's also no limit to the amount of residual income I can make. The more projects I complete, the more passive residual income I will make. Many jobs have an income ceiling.

In summary, passive residual income will give me more freedoms than a normal job. Freedom is a good thing. Not for everyone but certainly for me. Life with passive residual income like network marketing is good.

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