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Thursday, February 22, 2018

Why You Need Passive Residual Income

By Thomas Young


The world is abuzz with the concept of earning money with nary a sweat. Passive residual income is true and available to whoever dares to look. It consists of two facets. One where money comes in whether one is on vacation, in the bath or in their corner office. The other facet is having funds left over after all financial obligations have been met. These two make for a financial model that caters to the dream life.

One is accorded freedom for whatever. Is there a car show in France worth checking out? Is there a new investment opportunity but the risks and financial requirements are too immense? Is it a lay by the pool kind of day? Is the tie starting to feel like a noose? If the answer to all these questions is yes then this is the financial option to consider. It allows flexibility to take risks and grant the desires of the heart.

In some cases, just sitting around might get old quickly. In this case, they will have the time and finances to spread their wings. They choose to take risky steps towards expanding their current money streams. They can also choose to venture into new waters. The worst thing is that they lose the money, the best is they make more. Whatever happens, one will be as happy after as they were before.

Stress is one of the six leading cause of death in the world. It causes disease and even road accidents. Most of that stress is caused by a work-related issue. Be it workload, lack of job security and in some cases stress from having to juggle too many work responsibilities. No need to die for something on is not passionate about. Once one has identified a model that will work for them and the model has begun bringing in the cash, they can relax and find something worth doing. The model will leave some time to go to the gym and just take care of their health and family.

Everyone has dreams. Some dream to retire to a tropical location. Others dream of building hospitals and schools in Haiti. Another group prefers to spend their days climbing mountains and drinking water from natural springs. Dreams are valid with a proper model that yields returns even when one is asleep. One can afford to take the time and spend however much money doing whatever. The possibilities are limitless.

The first thing to look for in a model is consistency. The model cannot flipflop. It pays out this month but next month is dry. One has to consider their reasons for needing the model. Only then can they make appropriate decisions.

How long will the model pay out? Is there a cap? Is there some sort of renewal required? Will it require some work in the future to ensure money keeps coming in? How much will be paid out? Will this amount stay constant?

Due diligence is paramount. This will make the difference between covering salt and pepper hair with a hair net and chilling on a tropical island. One cannot afford to compromise on research before the commitment.




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