Recurring Income ExplainedRecurring Income is different term for residual Income. In a nutshell, there are three (3) sorts of Income streams that you could have coming into your business.1. If you do a one-time job, sale or perform a contract, you get paid once and the Income stops there.2. If you do a normal 9 to 5 job, you will continue to get paid as long you continue to work for your employer—often known as a linear Income. This is the type of Income that the majority of workers “appreciate.” Even Out if you are a neurosurgeon, lawyer or engineer, you are merely paid as long as you continue working. You stop working and the bank account dwindles.3. The third type of Income is the recurring Income where you are paid Even Out following you have stopped working. For example, you wrote a book and as long as your book continues to sell, you will continue to acquire royalty Income for a work done once.majority of rich and affluent people created wealth through a form of recurring Income stream. Take singer Michael Jackson for example; he still continues to acquire royalty from the sales of his records made decades ago. He can Even Out repackage the same oldies and sell their situation to generate new Income. He doesn’t have to spend time in the studio to record new songs in get to have the cashkeep flowing in! This is the most ideal situation of the three. We would all prefer to work once and get paid over and over again. That is the superpower of recurring Income!
Recurring Income ExplainedRecurring Income is different term for residual Income. In a nutshell, there are three (3) sorts of Income streams that you could have coming into your business.1. If you do a one-time job, sale or perform a contract, you get paid once and the Income stops there.2. If you do a normal 9 to 5 job, you will continue to get paid as long you continue to work for your employer—often known as a linear Income. This is the type of Income that the majority of workers “appreciate.” Even Out if you are a neurosurgeon, lawyer or engineer, you are merely paid as long as you continue working. You stop working and the bank account dwindles.3. The third type of Income is the recurring Income where you are paid Even Out following you have stopped working. For example, you wrote a book and as long as your book continues to sell, you will continue to acquire royalty Income for a work done once.majority of rich and affluent people created wealth through a form of recurring Income stream. Take singer Michael Jackson for example; he still continues to acquire royalty from the sales of his records made decades ago. He can Even Out repackage the same oldies and sell their situation to generate new Income. He doesn’t have to spend time in the studio to record new songs in get to have the cashkeep flowing in! This is the most ideal situation of the three. We would all prefer to work once and get paid over and over again. That is the superpower of recurring Income!
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