=> A Practical Residual Income Definition

By Dick Joubert

Hmmm... the best residual income definition I know?

Well, I call it the "lazy man's way of creating money" or "money while you sleep". Let me explain.

We've already learned that one of the oldest ways of getting money is to work for it. In it's simplest form residual income is merely getting money WITHOUT working for it. Or at least doing VERY little work.

Wow! What a great idea. But is it true and is it possible?

Despite what you may have heard or already believe... it is TRUE. The thing is, most of us are raised with the idea that the only way to get money is to work for it. Never have we learned that there are also other ways! But indeed...

There are other smarter ways of increasing your income
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Now, before we go on... let's just clarify something.
For all practical purposes about this residual income definition...

Passive income = Residual income
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Residual Income Definition >> Creating Income while you sleep

On the site home page you've learned that I'm lazy... and don't want to work for every penny I earn. Realize that the only way I can do this is by constantly focusing on increasing my residual income.

So, although I still get earned income, my focus is always rather to increase passive income. Let's lok at what I'm trying to do...

To learn more about the cashflow pipe, click here

So, rather working harder and longer... W income... I'm focusing on increasing P income where I don't have to do any work. This is my "lazy man's way of creating money".

The biggest benefit... Discover the real way ofbuilding a recurring income The biggest advantage focusing on P income is that it's guaranteed to free you from working for every penny you earn. What's more, if you keep your focus on increasing residual income, you'll get to the point where that alone is sufficient to live on! Total financial freedom.

But the trick is firstly to know when you're working for residual income and when not. This is the difficult part. Click here to learn what residual income really is.

Next is obviously learning how to increase residual income.
Discover where to start increasing your residual income. Click here, so we can get started.

Source : http://www.cashflowclever.com/passiveincomedefinition.html