Make Residual Income. No More $ Per Hour!
The first time I heard the term residual income was when I was a teenager. Someone was explaining to me that this person who was selling life insurance was making residual income.
They said that whenever they sold a life insurance policy to someone they got a monthly commission from that sale each and every month as long as the person who bought the policy pays the monthly premium.
When they said that to me, something clicked in my head like, wow, so after you sell a few hundred policies, as long as they do not cancel them you will get a large monthly income for as long as you live!
I was like, amazing, so here is where I first saw the power of residual income. Basically you do some work today that you get paid for the rest of your life, even when you stop working. It is very similar to a pension.
What Is A Pension? Yes, Your Job CAN Give You Some Good Benefits.
So, what exactly is a Pension? A pension is a rare thing these days, not many private companies have them. A lot of government jobs still have them.
A pension is a monthly check you get in the mail when you retire from a job at a set age that the company determines. Some businesses let you start collecting a pension when you are 55, others 60 or even older than that.
So Let’s say you work for a company for twenty years and they have a pension plan. Their retirement age for collecting the pension is 55.
You leave the job at 54 and then as soon as you turn 55 you start getting a monthly check from your pension.
How much money you get is determined by the company, in general, the more money you made in your salary, total, the bigger your pension check.
I remember when I worked at FedEx an older gentleman was determined to get the highest amount in his monthly pension check, so he would work overtime, and did not retire until I think he was about 70.
I also receive a pension from FedEx and boy do I look forward to that check every month! To me its free money!
I left FedEx in 2002 and started collecting my pension at age 55, which was four years ago. I will continue to collect that pension every month for the rest of my life! That is cool.
Residual Income is like a Pension, But MUCH HIGHER PAYING
Who would NOT want to get a large monthly check for the rest of their lives? A big and wonderful difference a pension and getting residual income from an online marketing business is that with the online business you don’t have to wait until you are 55 or 60 to start getting that monthly check.
I remember back in 1995 when I was successful in a certain residual income based company for some years how I would get that check month after month, it was so cool!
So residual income is money I get month after month for some work I did in the past. Another difference though with a pension and residual income from an online business is that with a pension you get that check no matter what happens, as long as you live.
With residual income from an online business however, someone who you enrolled or who signed up with your program MUST continue to pay their monthly subscription, or continue to buy products month after month, depending on what kind of program you are in.
My Past With Residual Income Programs. It Was OK.
Yes, I have been around the corner a few times. I have seen a lot of programs, most not very good. I was usually very careful with which program I joined.
I would do my research and Google the owners to see their reputation. I would Google the company name to see what the members and former members were saying about the company.
If there were a LOT of negative unhappy former members I knew there was something wrong with the company. I would stay away from them! Next company please!
Then there were the good companies, good reputation, owners were doing the right thing and it was over ten years old.
Of course the compensation plan was one of the most important things. It HAD to have no breakaways. If you know what those are then you know how important that is to have a consistent large residual income coming in month after month.
The Absolute BEST Residual Income Program
Well I am in what I consider the Best Online Company I have ever involved myself with.
The first thing that just about shocked me was that when the owner was pitching his company there was NO HYPE!!
This was SO refreshing to me! I never saw a company that had NO HYPE. It was new for me.
We all have seen the hype that most programs throw at you. Their fancy cars and new homes. Their exotic island vacations, and blah blah blah,,, Puke. lol… You understand!
Here are some of the details of this awesome program
Name: Wealthy Affiliate
Owners: Kyle and Carson
Website URL: https://myresidualincomefromhome.com/3mwi
Training: 4.8 out of 5.0
Support: 5.0 out of 5.0
Website Builder: 4.9 out of 5.0
WordPress Hosting: 4.8 out of 5.0
Research Tools: 4.6 out of 5.0
Success Stories: 4.5 out of 5.0
Price: Starter Member is FREE, Premium Member $19 first month, $49 next months, or $359 for 12 months.
And YES, there are NO breakaways! !
Check it out by clicking the link below. All the best to your online success!