Why you must only go for Residual Income



Residual income, which is also called passive income, is income that continues to be generated after the initial work setting up the income has been completed.

Linear income is income which is a one shot type of payment. This is usually made up of wages, commission or salaries etc.

It is income which does not continue and does not have an ongoing life. Linear income is proportional to the number of hours that you put into anything so you are limited by the number of hours in a day.

Linear income could be, for example, the charge out by a consultant to clients. There are only 24 hours in a day, and out of those 24 a charge out of 8 – 10 hours a day is the maximum that is possible.

This puts a limit on the amount of earnings that one can make. The great advantage of residual income is that once things have been set up, then you are able to continue making money from your initial efforts while giving you the time to move into other areas of income generation or enjoyment of life.

Linear income, which is basically earnings by the hour, is not the best. This constraint on the number of hours you can bill out, often keeps you fro...

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