Residual Income Solution
In to-days uncertain economy and Britain desperately trying to pay off their deficit with cuts effecting the poorest of the community, there are things to consider when it comes to your future.
Retirement age is moving up to 66 and something tells me that it will not stop there; state pensions are not going to be sufficient on their own to support you in retirement and there is no guarantee that your job will even last until retirement.
Unfortunately the future for the average British person looks pretty bleak; unless you take the bull by the horns and do something about your future with a residual income solution then you could find yourself in a bad situation in the near future.
So what is a residual income solution I hear you say? Residual income is the ability to do a job or action once then keep getting paid for that work repeatedly, for example, interest on money in the bank (if there is any these days) is residual income; you paid that money in once then you have to do nothing ever again but the money keeps coming in.
Of course not all of us, in fact if any of us have enough money in the bank to warrant a residual income you would probably not be reading this article.
Money in the bank is just an example and there are ways to apply this to a general working atmosphere; imagine working for 10 years to build up a business to your desired level then being able to sit back and watch that business not just pay you a healthy monthly income but continue to grow.
The snow ball effect of a residual income solution can be phenomenal thing and once that initial hard work is done then you can find yourself not only with a healthy income but a more than adequate retirement plan.
There are a few way in which you can build a residual income solution and many companies now offer sales people a means of doing this type of multi level marketing to promote their business, the trick is to find a product or service that is going to be required on a renewable basis such as energy or telecom.
Imagine getting a percentage of your customers bills every month how easy would that be? As long as they keep using the companies services you keep getting paid, that is a true residual income solution.
Retirement age is moving up to 66 and something tells me that it will not stop there; state pensions are not going to be sufficient on their own to support you in retirement and there is no guarantee that your job will even last until retirement.
Unfortunately the future for the average British person looks pretty bleak; unless you take the bull by the horns and do something about your future with a residual income solution then you could find yourself in a bad situation in the near future.
So what is a residual income solution I hear you say? Residual income is the ability to do a job or action once then keep getting paid for that work repeatedly, for example, interest on money in the bank (if there is any these days) is residual income; you paid that money in once then you have to do nothing ever again but the money keeps coming in.
Of course not all of us, in fact if any of us have enough money in the bank to warrant a residual income you would probably not be reading this article.
Money in the bank is just an example and there are ways to apply this to a general working atmosphere; imagine working for 10 years to build up a business to your desired level then being able to sit back and watch that business not just pay you a healthy monthly income but continue to grow.
The snow ball effect of a residual income solution can be phenomenal thing and once that initial hard work is done then you can find yourself not only with a healthy income but a more than adequate retirement plan.
There are a few way in which you can build a residual income solution and many companies now offer sales people a means of doing this type of multi level marketing to promote their business, the trick is to find a product or service that is going to be required on a renewable basis such as energy or telecom.
Imagine getting a percentage of your customers bills every month how easy would that be? As long as they keep using the companies services you keep getting paid, that is a true residual income solution.
