Growing up my dad frequently brought out and talked about Robert Kiyosaki books, residual income, and the hope for building wealth. At the time, I really didn’t get the concepts but I did pick up a few facts. These facts eventually turned into concepts and connected as principles for building wealth as I have grown older. Now as an adult I recognize the need for residual income in my endeavor to achieve true financial freedom and wealth.

So What’s The Big Deal About Residual Income?

So many might ask, what’s the big deal about residual income? Isn’t that something that only the rich have and those of us normal people just wish they have? Yes. The rich do have it quite often. No. Normal people can more than wish for residual wealth. Residual income is income where a task is done once and it continues on beyond the initial effort. This is in contrast to many people who do a job, get paid for the job, and then move on. Think of residual income as a book or a song that was written once and continues to sell copies for years on. The Beatles continue to get paid for music that they wrote literally decades ago!

Creating Residual Income

Perhaps about now you are thinking, that’s great but I can’t write music. That’s just fine. Writing music or books and getting a royalty check isn’t the only way to receive residual income. But, you can plant a seed today and continue to cultivate and it and watch it grow. In today’s world, that is the way for an average person to end up with above average income and lifestyle.

The key to residual income is creating something that people will want or need on a regular and reoccurring basis. It won’t do any good to have something that someone gets one and then is set for life. So find a good or product where people will keep coming back for more. Create or find a system that accompanies this product where people can be supported and succeed with it. Finally, implement that system and help other people do the same. The combined efforts will not only help you achieve residual income and wealth but in the process you can help others do the same.

What’s Next?

Life is all about making choices. If you really are serious about residual income, it is time to make a choice. You can choose to create a better financial for yourself or you can stay where you are at. Remember, the definition of insanity is to continue doing the same thing over and over again and expecting things to change. Is what you are doing working? If not, are you ready to try something else? Make the choice today to start looking for a better tomorrow. Once you have made the choice, decide exactly what you want your future to look like. Set some goals and make a realistic timeline. Finally, get to work! Very little in life comes to free. Make a choice to build a better future, find your vehicle* to do that, and make it happen!

*Here is the vehicle that I utilize. Remember, everyone is different and can use different tools to achieve success. While it works for me, success is dependent on the level of passion, work ethic, and consistency put into whatever course of action is taken. 

About Post Author

Robert A. Laird

Robert A. Laird is an entrepreneur and also Executive Director - Creative for Shepherd's Grove Presbyterian Church/Hour of Power with Bobby Schuller where he oversees the television show of the same name. He also works with the Reliv Kalogris Foundation as it strives to feed starving children around the globe.

robert.laird@dapsmagic.com

http://robertlaird.me

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