Most of us are accustomed to working at a job, where we trade an hour of work for an hour of pay. The problem is, if you don’t work, you don’t get paid. Even higher income earners aren’t exempt, such as a dentist or lawyer. If they don’t show up to service a patient or client, they don’t earn a fee.
Some people, however, have mastered the concept of residual income, where they do work once but that work continues to pay dividends over and over again, for months or years into the future. An example is a musician or an author, who produce a song or a write a book, then continue to receive income from that work over and over.
Since most of us probably can’t sing that well or lack literary genius, there (fortunately!) are many things anyone can do to earn tremendous residual income from home.
It may take you a while to get used to the concept, believe it or not. We have been trained to work and get paid on Friday. You generally don’t make much, but it’s immediate. This is the hardest thing for most people to get beyond. Read the rest of this entry »