Monday, April 2, 2018

Why You Need Passive Residual Income

By Thomas Young


How nice would it be to sunbathe on a beach somewhere? To live the dream? To work as little as possible but still earn money? Passive residual income allows money without the tedious routine of a nine to five. There are two aspects to it. The first part is putting little to no effort and the other is having a lot left over after expenses and financial obligations. It could be anything from stocks to real estate. The model one chooses must provide the maximum amount of benefits with the least amount of work.

This source of funds accords one freedom. Freedom to do whatever one desires whenever they desire it. It allows one to sleep in when they want and enjoy time outside under the clear blue skies. With such a source of money, one can even take midday naps by the pool without batting an eye.

Opportunity will rarely ever knock a second time. Worthy opportunities will often require money and time. With a model that allows for leftover money, one can answer the door to whatever opportunities they deem fit. It takes money to make money. With this option, one can work to deepen their financial well. Ever hear of the employee who commented on a car owned by the boss? The response was that if they work hard enough, the boss will get a new one the next year.

Stress is one of the six leading cause of death in the world. It causes disease and even road accidents. Most of that stress is caused by a work-related issue. Be it workload, lack of job security and in some cases stress from having to juggle too many work responsibilities. No need to die for something on is not passionate about. Once one has identified a model that will work for them and the model has begun bringing in the cash, they can relax and find something worth doing. The model will leave some time to go to the gym and just take care of their health and family.

Everyone has dreams. Some dream to retire to a tropical location. Others dream of building hospitals and schools in Haiti. Another group prefers to spend their days climbing mountains and drinking water from natural springs. Dreams are valid with a proper model that yields returns even when one is asleep. One can afford to take the time and spend however much money doing whatever. The possibilities are limitless.

Some models will yield a certain amount this time, a lower amount next time and a slightly higher one next time. If the model is meant to replace a salary, it is best to choose one that provides a consistent stream. One that only ever moves up the curve but never down, if it ever moves.

One should check the period of return. How long will the model provide funds? How much should one expect during that time? Does that work if one in need of a model that works for longer?

While choosing a model, one should do as much research as possible. Taking the wrong step could be detrimental. One must find out all the ways in which a model can earn money. They need to ensure all these ways are actionable. They need to make a plan for activating these ways. Only after having enough information will one take the plunge.




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