Business Ignition Issue 1 February 2014 | Page 4

Residual Income Will Give You

Financial Freedom

Residual income, also known as passive or recurring income, is very different from a regular wage income that's based on trading time for dollars. Working for a wage is called linear income, and you get paid only for the hours you put in. Residual income continues to generate itself even after the initial work has been completed. Such income helps you to earn more while working less. This is known as financial freedom.

With a linear income, you work you get paid, you don't work you don't get paid, simple as that.

Residual income continues to pay recurrently for work done once. It's important to understand that residual income does not happen by itself,

It's important to understand that residual income does not happen by itself, you have to put in the hours and the effort to establish the ground work, but the rewards are well and truly worth it. The difference between working to earn a residual income and working a normal job for a linear income is you learn to work smarter not harder for your money. There are multiple sources to choose from in generating a recurring income, but one of the most popular choices is a home based business in network marketing. If you don't already know, network marketing has been labeled the business of the 21st century! Successful entrepreneurs all over the world have learnt the secret to financial freedom