=> Residual Income Sources

By Dick Joubert

"Build many residual income sources."
That's probably the very best advice I got from one of my father's wealthy friends when I was 15.

At that time I didn't really know what he was talking about. But having studied and discussed making money with so many wealthy people, I've come to realize 2 important things:

* Most prosperous people have more than one residual income stream. Many have 5 or more money streams.

* Passive income is an extremely powerful tool to become truly wealthy.
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Let's look at a few things that'll work for you even if you're on holiday or sleeping.

* Savings

* Stocks & Bonds

* Certificates of deposit

* Shares

* Mutual funds

* Rental property

* Patents

* Royalties (videos, games, books, ebooks, software, films)

* Commissions

* Businesses

* Franchising fees

* Internet businesses

* Any other ongoing income where you work once and gets paid again and again.

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