There are two types of income in the world, but only one will give you the freedom to "own your life". The first type of income is linear income, trading your time for money. Most people work for a living. If they don't work they don't get paid. The school bus driver gets paid when he drives a bus. When his shift ends, he stops getting paid. A surgeon gets paid when she performs surgery, but when she goes home she doesn't get paid.
Now this just may open your eyes…even though the surgeon gets paid a lot more money than the bus driver, they are both in the same boat. They both are trading their time for money. They receive income when they work…that's linear income. When they stop working their income stops.
The second type of income is the secret income of multi-millionaires. It's a lot different than linear income. It's called "royalty income". It's also known as passive, recurring or residual income. "Royalty income" is the secret to creating true wealth.
Royalty income usually refers to regular payments you may receive if you have published a book or any creative work that remains in distribution. For example, Elvis Presley wrote numerous hit songs, and now his daughter Lisa Marie collects a "royalty check" from the record company when his songs are played on the radio or downloaded from iTunes. She doesn't have to write any hit songs because her father did the work right one time. That's "royalty income".
Now imagine if you had a million dollars in your savings account and you knew exactly how to invest your money without losing it all. You did the work right one time and today you'd collect a dividend check of $5,000 every month. Even after you quit your job you would still make money. That's "royalty income".
I don't know about you, but this gets me really excited. This is exactly the type of income that I want in my life. I could do what I want, when I want, and with whom I want. I could give more time and money to charities of my choice.
Now you may be thinking that you're not a writer or singer…you have no special talents like Elvis. Well there is good news for people like you and me with little talent. Yes, there is hope! There is another way to develop royalty income. It's called network marketing. You can learn step-by-step how to create "royalty income" from a few hundred dollars a month to well over $10,000 per month by downloading Michael Dlouhy's free e-book Success in 10 Steps.
Now you know the secret income of multi-millionaires and the good new is you can be one of them.
Be the Leader You Were Created to Be!
Lidie Gray
lidiegray@gmail.com
A Mentor With a Servant's Heart
Success in 10 Steps Free E-book
