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What is Residual Income?

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What is Residual Income?

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One example would be a pop singer releasing a hit record- they get paid a portion for every single record that is sold, even 100 years later. People who earn residual income can be out working on other projects, playing, vacationing, or relaxing with their family because they continue to get paid for work they did previously. MySpace Money Icons Graphics from SuperPimper.com Most of us are not talented enough to be pop singers with hit records, however, there are other ways to make residual income. Let the Summit Group show you how!

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Residual income is a passive type of income, which continues to be generated after the initial effort for income production is over. Comparatively, linear income, which is the way most of us are used to making money, is normally paid as a signal shot payment – a fee, salary, or wage. It’s directly proportional to the amount of work you’ve done, either by piece or by the hour. One of the big advantages of residual income is that it keeps coming in, even after you’ve stopped paying attention to it. Once the mechanism for acquiring residual income has been set into motion, you’ll continue to make money while being able to devote yourself to other projects. There are a multitude of methods and techniques you might consider when you are interested in residual income. Here you will find information on possible residual opportunities ripe for the picking. Royalties paid from books, movies, software, music, or any other form of creative endeavor can come on for a long time. They’re directly de

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Residual income is an amazing principle. If your financially independent then you should know already, and if your not, then I’m glad your about to learn. Though you probably have been a recipient of some form of residual income in the past.

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Residual income can be described a income that continues to come in even after you have already provided a product or service. the easiest way to think about residual income is “do the work once, get paid forever.” This type of income used to be limited to professions such as writers or musicians. Every time time they sold a book or a CD they were paid a royalty. Now, you can earn residual income from the comfort of your own home selling products that can have automated sales. With the internet a lot of new doors have opened in terms of making money and today you are only limited by your imagination! You can create the best income opportunity with very little effort. No need to work hard any longer as long as you work smart! One of the easiest ways to create residual income is by joining several quality affiliate marketing programs so you get paid when others make money.On our web site, we have gathered some of the most trustworthy companies that are all members of Better Business Bure

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Residual income is the money left after monthly payment obligations such as housing costs and taxes. In business, residual incomes are extra amounts of operating income over the regular minimum of controllable operating assets. Residual income is also called passive income and can refer to any income generated through indirect involvement in something. Rental income, royalties, website revenues and portfolio dividends are all types of residual or passive income. It’s easy to understand the idea of residual income if you consider the word residue. A residue refers to something left behind as a result of something else. Residual incomes is extra monies earned as a result of another action such as writing a book and later receiving a royalty on the sale of each book. Investment portfolio income is residual since interest and dividends are earned as an extra, automatic result of owning stocks and bonds or other securities. Of course, there is no guarantee that investments will generate a r

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