build a residual income

resid

Build a residual income that gets you through retirement and pass it to your children and your children’s children
You are welcome to this topic that I think everyone who is making money want to realize in life, but before I go further I wish first to put down the meaning of a residual income as its meaning tend to vary across minds of many people. A residual income is hat type of stable earning that doesn’t require your daily presence in order to generate you that earning. This type of income is mostly built out of experience or managed for you by skilled and experienced people. So, below are some of the habits that will enable you experience this;
1) Willingness, this is a great factor of all factors that will lead you to realizing this in your life. Some of you I hear whispering yourselves that how can one not be will for such? But listen there is a big different between wanting and willing, when willing, you are in to do whatever it takes to achieve what you want. In otherwise research and know what is required of you (or any other person) to do in order to achieve the desired results. Please my fellow comrade reader of my posts this is a great secrete that differiciates between those who succeed and those who fail in life. And for those of you if not most of you who may feel lazy or the journey boring (as it will require you to stretch your comfort zone) you will need to train yourself to gain faith, gats, love etc to leave your comfort zone and confront the task ahead of you for your dream to be realized. Write some statements such as I will build a great residual income of say $200000 within the next two years. Etc on a place you see most daily or pronounce it three times a day, sooner than latter your subconscious mind will take it and you will find yourself totally desiring to achieve it with all your body, mind and Saul, after attaining that , you have already more than a half succeeded. To more understand and gain this power read napoleon hill book think and grow rich especially on chapters of faith and desire.
2) Saving culture; all surveys conducted by different research institutions such as banckrate, Forbes magazine, etc shows that atleast 75% of people across different countries of the world don’t save (reserve money for intended idea development), this is a great mess that this world is facing. Saving is not easy at all provided you have no techniques at you finger tips and have not yet developed that willingness to save, but once you make it a habit it’s a great tool that can transform and transfer you from scratch to riches. In realizing your dream (especially financial dream) it involves some small goal achievements every day, every week, every month, every year and so on, and in each step it will require some sort of financing where you need to have saved for that intended goal. For each goal that you are to accomplish, you must be prepared to handle it be in terms of financing, human resource, knowledge, etc.
3) Have an income, this is for those who have not aquired where to earn a living, have what to do and aquire skills and do some savings as you research where to invest your savings.
4) Knowledge and skills; I want to asure you that without enough knowledge and skills in an area you want to build your residual income, however good that type of income may be, you are bound to fail unless you employ experts in that field to do you the work
5) Have a clear plan; a plan is very critical if you are to have a residual income to your way
6) Invest in stable things that grows either or in cash flow or both in ;
7) Excellent system;
8) ;patience
9) Good relationship and mentorship;
10) write a will;
Otherwise, after the above factors are put into concideration you can invest your money in the following areas where there is stable income on your investments (residual income).
i) Real estate;
ii) Stocks and bonds;
iii) Blogging
iv) Built a website and put ads.
v) Built software;
vi) Develop amps;
vii) Design themes and plug-in for free and request for donation;
viii) Develop an eBook, music, podcast, book etc.

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