1. If you do a onetime 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 called a linear income. This is the type of income that the majority of workers “enjoy.” Even if you are a neurosurgeon, lawyer or engineer, you are only 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 after you have stopped working. For example, you wrote a Book and as long as your Book continues to sell, you will continue to receive royalty income for a work done once.
The majority of rich and affluent people create wealth through a form of recurring income. Take the hiphop artist JayZ for example; he still continues to receive royalties from the sales of his albums produced years ago. He can even repackage the same songs and sell them to generate new income. He’s now “retired” and doesn’t have to spend time in the studio to record new songs in order to have staggering amounts of cash continuously flowing into his offshore bank accounts!
This is the most ideal situation of the three. We would all like to work once and get paid over and over again. This is the power of recurring income!The majority of professionals that enjoy this type of income belong to creative fields such as actors, writers, singers and inventors.
Unfortunately, not many of us are blessed with the opportunities to be in these lucrative industries. However, there is one lucrative opportunity for any ordinary individual today to enjoy residual income in the 21st Century…
You guessed it: none other than Network Marketing.