Building a substantial reoccurring income is a process that takes commitment

The idea of residual income is to build something once and then to get paid on it in the long run. It takes initial work for continuos income. Ideally a pay check at least once a month is a good time frame for residual income.

Building residual income is based on leverage. The idea is to find others that want to build an income for themselves. They go out and do the same thing and so on. Maybe you only get paid 1% on each person that is signed up. But after a 100 people that is a 100% income. Without leverage you would have to give 100% of yourself to get the same results. Now what if there were a thousand people that resulted from your initial efforts of building a business. That would a 1000% profits. The idea is to get 10 times as much for the same amount of effort.

Finding the right business that allows this sort of residual money can be tricky. There are a lot of get rich schemes out there that are more designed to make one person wealthy and nobody else. The key is to find a company with integrity that is in a win win type situation. The attitude should always be the bottom guy first, not the type guy first. Nothing isn’t worth building if you do not build it from the bottom up.