Understanding the Importance of Residual Income
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written by: Sunny Ngene
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This article is aimed at explaining the importance of building residual income and also to explain the need for individuals to leverage network marketing business model if their dreams are to gain financial and time freedom. So, even if you presently work a job or business, it is needful that you pay attention to network marketing so as to develop residual or passive income over time.
The commonest way that people define residual income is "income earned while sleeping". Is it really possible to earn income while, all the while, you are asleep? This may sound strange to some people but, yes, it is possible.
The importance of residual income in a man's life finds expressions in the statement of the billionaire investor, Warren Buffet, in which he stated that "if you don't find a way to make money while you sleep, you will work till you die".
Residual income is a concept that many ignore without understanding that their future well-being is dependent on it. And with what result? With damaging consequences.
By going to work every workday and receiving a salary at the end of the month, you're simply exchanging time with money. Your salary is not residual.
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