Monday, December 21, 2009

Bring Home the Residual Income Bacon | Angie Mitchell Submitted by Angie Mitchell

I'm not against earning some good, honest, "one-shot" linear income, but given a choice, which would you rather do: work hard and get paid only once, through linear income, or get paid continuously - perhaps for years or even the rest of your life - for hard work you perform only once, through residual income?

Linear income is directly proportional to the number of hours invested in it (40 hrs. of pay for 40 hrs. of work), but one of the great advantages of residual income is that once the ball starts rolling, you continue making money from your initial efforts, while gaining time to devote to other things… such as spending more time with your family or perhaps generating more streams of residual income!

There are many different businesses models to choose from. The key is to learn how to make money off of other people's labor as well, rather than trying to do it all on your own. Likely it may not happen right off the bat but it will come with a little effort and dedication on your part. Note that leveraged income may or may not be residual income… when you combine them, that's even better.

Now is the time to think about how to apply this in your business. How could you make money off the work of others? As for me, I chose to promote a recession proof Savings and Earnings Program that offers the opportunity to save money on daily purchases such as gas and groceries and in turn offer the same benefits to others. When people join the program I start making residual income.

The sooner you answer these questions, the sooner you'll have financial and personal freedom.

Although taking care of your children is a job you gladly do for the joy of being with them, it doesn't exactly pay the bills. But in order to stay afloat these days, most households need both parents to have a job. For stay at home moms and dads, exchanging time with their children for time in a cubicle is an unappealing trade.

Luckily the technology available today is making it possible for parents to work from home. Computers, combined with the power of the internet, have opened up a slew of opportunities to be able to bring home the residual income bacon while taking care of young children. Whether you are looking for part time work or need to replace lost income.

Ultimately, the best job for stay at home moms or dads is the job they design for themselves by owning their own home based business. As a home based business owner, you get to be in charge of your time and your income. If done right, your initial investment of hard work could even lead to years of residual income. Meaning you'd be able to take a trip to the Bahamas and still get paid.

For stay at home moms and dads, I have done the research and found the perfect opportunity that lets you make money and save money while giving you that freedom you want to spend time with your family. All it takes is a click to get started on the road towards achieving your dreams and start enjoying the "residual income bacon" we'd all love to have.

Residual Income Opportunity

Angie Mitchell

My Blog

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