So how do you become a millionaire, how do you build your income to fall in that small 3% of the worlds richest population? Many people have wondered how to reach this what seems to be impossible goal but the key is to find a sort of residual income. How can i make money in my sleep efficiently? Many of these questions do not have a direct answer but they do have a solution. This solution is titled residual income. Every successful individual that has generated a great amount of wealth has never worked a 9-5 job. Those are the people whom get broke off the crumbs of the organization they are working for. The CEO's and presidents earn this type of income by building there wealth through residual income. We as Americans tend to focus on working hard for all your life to gain the simple things, such as a house a car and a stable environment to raise your children in. When in reality there is so many different ways to make money in this day and age that simply working a 9 to 5 will not cut it if you want to live comfortably. We as a nation have been transformed from the industrial age to the economic age, everything is about the money rather than how we can make the materials and products to build the money. Its basic economics, supply and demand will result in a growth of wealth. But how do you know which is the most sufficient way to build your income pass the medium level? It depends on how willing you are to break the norms of society and finding a method that works for you. Whether it be a multilevel marketing scheme or trading stock and currencies if you are efficient in performing these tasks continue to perfect your craft and master the system
97% of the world will always work for the 3%, now how does that statistic make you feel knowing you have been working your tail off only to make 1 or 2 other people richer. Think about it without a college degree your susceptible to working a 9 to 5 were at the most they are willing to start you off at 15$ an hour. Now comprehend what I just said, do you honestly believe a hour of your time is worth 15 dollars? most people can go looking through garbage cans for a hour and find items worth more than 15 dollars. The mass amount of income will continue to be in essential services needed such as electricity, water, internet, gas, and things of those sorts. People will continue to pay for these services because they are considered a necessity and as long as people are willing to pay for these it only makes since that this is where most of the money falls within. Individual involved heavily within these aspects of life have made the right decision because money will continue to flow through these services. Finding a way to manipulate these services is where many people fail to realize were most of the money is rather than an hourly rate. Unfortunately people are reluctant to try things of these nature because they are considered out of the norm or unconventional. But we all know scared money doesn't make money so with great risk comes great reward.
A story i find myself repeating to myself is the two different types of fishermen. At the end of the lake you have a conventional fisherman, with his fishing rod casting it into the lake. Lets say he catches 5 fish within each hour and he fishes for 8 hours straight (basically a 9-5). At the end of the day he has 40 fish, which could be considered a "good catch" for the amount of work he put it. On the other hand you have the unconventional fisherman but the difference is he knows a little bit more about the ways of nature and where the fish are more likely to be. He understands that it is spring and the salmon swim upstream during the spring. So what does he do? He goes to the top of the lake cast a net and leaves for four hours. Once he comes back not only has he not worked as hard to catch his fish, but now because he knew where the fish were going he has 4,000 fish. In this day and age it is not so much about working hard to build your income but rather or not you know where the majority of the income is going. ![]()
This is a concept i like to call residual income, otherwise known as making money in your sleep. If you know where the income is going it is much easier to manipulate those markets to your liking and this will result in you passing the lower or middle income level. Individuals or so caught up in the conventional way of living they fail to realize the economy has changed. This is what has changed my way of thinking into never wanting to work for someone else again. The sooner you change your method of thinking when it comes down acquiring income, the sooner you will be able to find your what works for you and begin to build your income on your own terms.
This is so true. A residual income is everything to attain financial freedom. I never liked the idea of 9 to 5 so I always tried to figure another way. When I was in my 30's I started a small billboard business with my husband. It was very hard work at first but there were many years we only maintained them with a residual income. I'm constantly looking for other ways. I guess that's why I'm on this platform 😊
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True story!
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