Residual Income Vs. Linear Income

If there was a way for you to bring home an extra $500 (net income) a month, what would you do with it? Would it help pay your mortgage/rent? Could it pay for a car note, a utility bill, children's daycare, education, or groceries for the month? How could $500 a month change your life? In today's economy alone, bankruptcies are higher; foreclosures are sky rocketing across the country. The Middle Class are struggling just like the lower income families. In North America alone income from jobs have been declining. Most people today are only a couple of paychecks away from being homeless.

When I mention $500, I'm not talking about getting another job, which will add more stress to your already hectic life. I'm suggesting that you investigate a way to earn residual income. Residual Income is when you do something one time and receive payment on a continuous basis. For most people this is a very foreign idea, it's not the "American Dream." It's not something that is taught to the average child growing up, so it's something very hard for people to comprehend. Do you realize that some of the richest people in the world are people that do something once and are continuously getting paid?

Here are a few examples:

JK Rowling, author wrote a series of books, you may have heard of - Harry Potter. Forbes has listed her as the second-richest female entertainer in the world and she's ranked the 48th most powerful celebrity of 2007. While she is still writing other books, if she chose to stop writing books today, her children's children will be cashing checks for years to come.

Bill Gates, software executive, American entrepreneur, philanthropist and Chairman of Microsoft; Bill alongside Paul Allen founded Microsoft and he is now one of the richest people in the world but if he chose to stop working today, he's still going to get a check in the mail for the rest of his life.

Oprah Winfrey, is an actress, magazine publisher, producer, talk show host is listed as the richest African American of the 20th century.