What is the best residual income business model that can give you the opportunity to leverage your time and efforts, and earn residual incomes from multiple residual income streams?
Today many of us find we often have expenses equal to and sometimes more than our income. We often have unexpected expenses that break the family budget like car repairs, home repairs, or an unexpected illness, or a new addition to the family.
Too often we struggle just to make ends meet. Many of us live with this struggle every day, month after month and year after year. It sometimes may seem that we can never get a break. If we could just get the bills paid for this month, and maybe even save a few extra dollars towards the kids college fund, we survived another month.
Too many of us are only a few paychecks away from bankruptcy. It may seem that if only we can find ways to make extra money it would sure help to buy groceries, or even to take the family out to dinner and a movie.
So what can we do? If we work by the hour, we are paid by trading our time for money. Should we work more hours and have less family time? If we are working 8-12 hours a day and still struggling to pay our bills, we need something to change. If we only get paid for the hours that we work, what would happen to our income if we were seriously injured, ill, downsized, or laid off? When the income stops, do the bills stop? That is the life of trading our time for money.
What happens to our home if we cannot pay the mortgage…for three…or four months? In times like these, it would be very hard to catch up.
What would happen to all the years of struggle and sacrifice so that we have an investment there for our future? If the bank takes our home, will they reimburse us for all that we have put into it? No, we lose it all. What if we were unable to make our car payments? We would lose the car and all that we had invested. We may not live above our means. But, all that could change if we could no longer work.
We buy life insurance, health insurance, homeowners insurance, car insurance and more, to insure against some unforeseen disaster. Who insures our financial stability against an unforeseen disruption of the income that pays those bills? Our financial health is at risk. It is in our best interest to be prepared for any unfortunate unforeseen financial challenge.
It is wise to have other sources of income that does not depend on how many hours that we can work per day. This is not a luxury; it is a necessity.
Other than winning the lotto, what are our chances of, “striking it rich”? The reality is; we may never get rich by being an hourly wage earner, alone.
We need a way to earn income that does not stop when we punch the time clock to go home.
We need a way that our efforts will keep producing long after we stop working.
We need to have a simple business model where we can earn residual incomes that
will keep growing when we are on vacation, asleep or retired.
Many people create wealth by leveraging their time. Song writers, for example, compose a song one time and earn residual incomes later whenever the song gets played. Actors are also examples of people leveraging their time. They did the work one time and keep getting paid for that work long after they stopped working on it.
Creating your own money making website is the best residual income business model today. It allows you to leverage your time and efforts and earn residual incomes from multiple residual income streams long after you have stopped working.
By creating your own money making website, you virtually have unlimited boundaries on when, where and how you build your business. With your own website you can make money from home, at the beach, at the park or at your local coffee shop.
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