Have you ever tried to explain the difference between ‘regular (linear) income’ vs residual income?
When you are new in this business, providing a clear explanation can be tough.
People often refer to examples like being a song writer, or an author of a book. They paint a good picture.
I loved the image above when I found it, because it gives a better demonstration of the differences between the two types of income. I found that it helps to paint a better picture of why we need to create another stream of income in this day.
One of the most influential leaders on this topic is Robert Kiyosaki. I absolutely love his Cash Flow Quadrant and encourage you to go and learn that information. It really demonstrates how creating residual income/passive income allows you to earn the income of a ‘Big Business’ without the overhead, fees, expenses and risk of the ‘Big Business’.
Go now and begin learning from Robert Kiyosaki!