Turn - Around Phrases That Work

Is there was one single phrase that you could use with all of your prospects that would turn them ar ... - Scott T. Love

Cement Repair Method Makes Floors New Again

In today's competitive environment, factories and other production facilities need to operate around ... - Harvey Chichester

Answers to Your E-Commerce Problems!!

First of all, what is e-commerce? E-commerce is commerce, including business, trade, buying, and sel ... - dcary

Small Business Forum - Free Business Advice, Tips, And Tricks

Small business forums are a great place for networking business professionals and entrepreneurs, eve ... - Tino Buntic

Stopping The Brain Drain: How To Capture Key Business Knowledge Before It Walks Out The Door

As more baby boomers leave the workplace they will be taking key business knowledge with them. Many ... - Dan Strakal

Main Page » Business & Commerce » Home Based Business

What??s better residual income or passive income?

Most of us have been taught to go to school and get an education. Ideally you graduate from high school and further your education through college or a trade school. Some go on to achieve their Masters or PHD allowing them to command more money for their time. Ultimately, one must choose what they intend to do for a career, earn a living and be productive in society. Not that you or anyone else needs a 'diploma' in order to be successful but some would consider it to be a 'marker' of discipline, as to whether one may finish the task or do the job required.

Residual income is known as money that is received on a regular basis from efforts already sown. Could be thought of as money that is 'left over' from an initial purchase or ongoing installment. Its nickname or also known as (AKA) 'mailbox money' and can be obtained by anyone, graduate or non graduate.

Usually to keep receiving residual income, one must still be 'active' within the company or organization. Should they leave or break 'policy', you can expect to stop receiving any further residual money. Replacing the mailbox money with a final termination letter and ceasing any more paychecks as the residual return comes to an end.

Passive income is similar to residual income but with one major difference. With passive income you can now be an 'inactive' party. Qualifying you to 'retire' from your venture an yet still keep on receiving your expected paycheck. Not to be confused with a pension but giving you the freedom to maintain your preexisting standard of living, while NOT having to work for it (the paycheck) any longer.

You hear a great deal of individuals giving testimony to having a residual income, which is what most people strive to obtain and rightly so. This is to be expected when working within a home based business environment or any other self-earned income opportunity. However, if you can build your residual earnings into an ongoing passive income, you will be better off once you choose to STOP acting (or working) to get the paycheck.

Whether it be residual income or passive income, once you get a taste of either one you will most likely want to continue in this manor and grow it to unlimited heights. Allowing you to experience a lifestyle unlike others they may need to report to workplace at a certain time each day, week after week and year after year.

If you are currently representing a company or thinking of joining a company that offers residual income as a form of payment. You should check into their company policies and learn how your earned paycheck may be treated, should you choose to move on to another business opportunity. Losing a residual income after spending your time and energy creating it, could be devastating if you are not aware of its tenure ahead of time.

Author: Aubrey Richardson

Author Bio:

Aubrey Richardson is the founder of www.logofax.com - logos & clipart site. Find out how you can tap into earning money online www.internet-based-business-opportunity.com

This article can be searched using: home based business income opportunities, top home base business, home based business opportunity

How To Be A Top Multi-Level Marketer

MLM Training - 5 Steps to Easily Handle Your Prospect??s Objections

Stopping The Brain Drain: How To Capture Key Business Knowledge Before It Walks Out The Door

Do We Really Need A Website?

Selling Your Crafts Through EBay

Client-Advisor Relationship - Creating a Lasting Relationship

How To Promote Your Website With Free Leads

Web Coach Tip: How To Tap Local Markets Using The Yellow Pages In Addition To Your Website.

Virtual Assistance ?? How May We Help You?

Online Stores & Shopping Online



Tour & Travel

Self Healing

Fashion & Relationships

Realty & Property

Culture & Art

Automobiles

Fitness & Health

Online & Indoor Games

Software & Networking

Recreation & Entertainment

Shopping Online

Healthcare & Medicine

Careers & Employment

Sports

Business & Commerce

Events & News

Children

Finance & Investment

Government & Politics

Eating & Drinking

Garden & Home

Education & Reference

Science & Research

Society & Communities

Main Page -> Privacy Policy -> Terms & Conditions

What??s better residual income or passive income?

Related Articles