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Life With Passive Residual Income Is Good

By Matt Helphrey

Republish: EasyPublish™ Published: 25Oct2008 Word count: 497 Viewed: 300 time(s) Get Free Content For Your Site

When I first learned about what passive residual income was, I knew from that moment on that that was how I wanted to be paid. Having a check come every month for work that I did over a year ago is such a great feeling. Not only that, but the opportunity to increase the passive residual income makes me want to work more and work harder.

Let me briefly explain first what passive residual income is and how it can benefit you. There are two separate definitions, passive and residual.

Passive income is income that is derived from business happenings that took place in the past. It means that the income comes even if you are inactive. It is money that comes without any consistent effort.

Residual income is income that comes in intervals usually every month or year after the initial sale is made.

They are similar in definition except that passive income may not always be the same amount. For example, if you were to sell an information product, the sales from that product will differ every month. You could be paid forever from the initial work (passive income) but you won't have similar pay increments month after month. (residual)

In this day and age passive residual income can be a huge comfort zone for you and your family. Even if you have a great paying job, if you were to get laid off, what would you rely on? You could always look for a new job, but lets face it, the economy has seen better days.

Not only will it provide you with a piece of mind but it will also allow you to spend more time with your family and friends. Time is money right? So if your passive residual income starts exceeding what you make at your day job, you can begin to cut back on hours or even quit!

Let's not get too carried away though. It's always better to be safe than sorry and that's why I believe passive residual income to be a necessity for my lifestyle. Some people just aren't made to live a worry free no time constraints life. In fact, many people have to have the 8-5 M-F job because that's the way it is, that's the way it always has been, and that's the way it's gonna be.

I say too bad for you. Passive residual income will allow me to set my own schedule. I can sleep in whenever I'd like. Heck, I can even take a few months off without skipping a beat!

There's also no limit to the amount of passive residual income I can make. The more projects I complete, the more passive residual income I will make. Many jobs have an income ceiling.

In a nutshell, passive residual income will allow me many freedoms that a normal job wouldn't. Freedom is a good thing. Not for everyone but certainly for me. Life with passive residual income is good.

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