No cash cow definition refers to cows! It's simply a figure of speech.
What we're talking about is an asset that consistently churns out money with very limited... or preferably no effort from you.
It's almost like having a goose that lays golden eggs. And it gives you a constant cashflow stream.
Read more about getting a constant money stream into your account by clicking here
What's great about finding and having a cash cow is that it's often reasonably cheap to buy. And requires very time and effort to maintain. Click here to read more about the 3 things you need to create a residual income.
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Importance of cash cows
But the most important thing about cash cows is... they steadily...
In short...
Now this is exactly where the real strength of a cash cow asset lies. And why it's so important to have at least one!
The clever person knows that you don't just spend the "golden eggs" on luxury items. You rather use them to find more cash cows!
The truth is, finding a cash cow is rare and doesn't happen every day.
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OK, you've read my cash cow definition.
So let me ask you... suppose you find an asset, how do you know it's cash cow? Click here for the answer
Cash Cow Definition >> How to Start Earning Residual Income
You and I are conditioned to believe that the returns on assets are typically 3-5%. What's more, we "think" that 15-20% returns are actually quite great.
But what do you say if you know there are assets "out there" giving returns of 100% and more... like clockwork! Some of you will immediately say my calculations are wrong.
Not so!
Even well-known authors like Burke Hedges spotted and commented on these "cash cow" opportunities for you and me. Click here to learn what type of asset he was referring to and how you can also get such a "cash cow."
Source : http://www.cashflowclever.com/cashcowdefinition.html
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