Can You Really Quit Work and Live off Investments

“Everything we would ever need to become rich and powerful and sophisticated is within our reach. The main reason that there are so few make use of everything we have is simply, neglect.” – Jim Rohn

Are you willing to work 50, 80, or 100 hours a week for the rest of your life? If you had the chance to stop working today and life of the investment, would you? The answer to both is yes! Everyone would like to have the ability to time, to take holidays and stop the emphasis on work and finances. Most people think that live comfortably without working is beyond their reach. However, with the right investment and financial choices that you can stop working.

There are different types of income that do not require that you work on them every day. For instance owning rental property, royalties, invention, and network marketing are all ways to make do with little to no work money. The more you earn, the less you have to work, and eventually you can afford to retire. The key is to start creating income streams that do not require your direct involvement.

Residual Income: This income is made of doing the work once. Examples of residual income are being an exercise instructor who produces a video and sells it or photographer who sells his photos through an online store and money he receives every one of his photos are sold. There are many different ways to create a wide range of business enterprises residual income. Sometimes residual income comes from repeat customers and sometimes only by new customers. This is not the same as recurring revenue. Recurring revenues still requires your commitment to make a profit.

Coaches, consultants, or a caterer, all recurring tasks and thus recurring revenue.
Leveraged Income: This income is made from other people. Selling an ebook through branches websites or a general contractor, who makes a profit on its subcontractors, are all examples of income leverage. The key to financial and personal freedom is making money from other people’s labor. If you can combine residual and leveraged income, you will be well on your way to financial freedom.

Active Leveraged Income: This income needs your involvement. However, it is based on making more money, but with more people involved. Usually, a single event. A class of 50 students, lectures at a convention, or hold a wedding hall, to create. All examples of how active leveraged income The profit potential is higher because you are reaching more people at the same time.

Creating residual, leveraged, and active leveraged income are great ways to earn money through investments you can stop working and sit back and relax enough money. Once your income tracks that are not your everyday commitment you free to play and work when it’s convenient for you will need to fix. Take charge of your life today and leave your day behind you.

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