Searching For Financial Freedom? – Look No Further!

One of the most popular search engine topics on the Internet today is "financial freedom" or "financial independence".

It is generally agreed among financial consultants and financial planners that the only way to gain true financial freedom is to create multiple sources of passive, residual income.

This is income that you earn by doing work one time but it keeps on paying you over and over again, for the rest of your life, WITHOUT you having to do any more of the work that originally produced it.

Let's do a quick comparison of the difference between traditional income creation and passive residual income.

TRADITIONAL WAY OF CREATING MORE INCOME #1:
Get a Second Job Or A Better Job

In this scenario your employer decides your pay and when, if, and how much it will increase. You have limited income potential; namely, you get paid once for the work you do. If you stop working the income stops as well.

THE PASSIVE RESIDUAL INCOME WAY

You are your own boss and you decide your when and how much your pay will increase. You have unlimited potential for making money precisely because you get paid over and over for work you perform one time. If you stop working or take some time off you still get paid.

TRADITIONAL WAY OF CREATING MORE INCOME #2:
Go Back To College Or Get More Training

In this strategy to increase your income you are guaranteed a diploma when you graduate (generally in 2-4 years) assuming you attend the required classes and do the required work. However, you'll pay up to $200,000 in tuition costs and you'll basically make no money while you're in school.

THE PASSIVE RESIDUAL INCOME WAY

Your guarantee is that you'll make money while you learn, receiving on-the-job "real life" training. You'll pay less than $1000 to get started. This is your initial investment which you'll earn back quickly. You'll "graduate" in one to four years with residual income already flowing.

TRADITIONAL WAY OF CREATING MORE INCOME #3:
Open A Franchise Or Some Other "Brick And Mortar" Business

In this income generation scenario you'll have to invest between $50,000 to $200,000+ upfront. You'll have to buy capital equipment and hire and manage employees.

Your income potential is limited, generally $75,000 per year AFTER the third year. You'll have hefty franchise fees to pay along with long-term leases for real estate and equipment.

It will likely take you 3-5 years to break even. Basically the business owns you!

THE PASSIVE RESIDUAL INCOME WAY

Here there are no employees to mange or pay. There is no initial capital investment (other than your nominal start up fees which are usually less than $1000).

You have unlimited income generation potential - up to $1,000,000 in the first three years. You have no franchise fees. You work from home, so there are no additional real estate fees.

You make back your initial investment and start getting paid immediately. You have total time freedom so you can work when (and if!) you want.

While this is not an exhaustive comparison, it does provide a "bold relief" picture of why getting involved in passive residual income ventures is the key and ONLY pathway to financial freedom or financial independence.

Is Now The Time For You To Get On The Pathway To Financial Freedom?

The face of an analog clock provides a great lesson in building Multiple Sources of Passive Residual Income. This is the money that leads you to financial freedom.

Look at the face of a clock and let's assume that each minute represents 15 months of your life. The full 60 minutes would be a life of 75 years. At about 16 minutes you begin your career. If you work till retirement age, around 65 years old, 52 minutes have past.

Generally the most productive years of our life occur between 16 minutes and 50 minutes, give or take some seconds. We get a job. We work hard for a raise. We may get promoted. Possibly our company must downsize so we have to find a new a different job.

Then it all starts again: the raise, promotion, a possible relocation, and another possible lay off due an economic downturn. All this time we are hoping against hope to retire with something to show for it all. We do this for 36 minutes of our 60 minute life.

Creating Multiple Sources of Passive Residual Income allows you to in 3 minutes + 20 seconds what you couldn't accomplish in all 36 minutes of hard work! When you have a job, your money stops when you stop working.

When you have Multiple Sources of Passive Residual Income you work ONLY if and when you want to and money continues to flow into your bank account no matter what.

3 minutes + 20 seconds = 4 years! Here's the beauty of this – a consistent 4 year commitment to creating Multiple Streams of Passive Residual Income will give you financial freedom for the rest of your life.

After working to create this kind of income for 3 minutes + 20 seconds, you can enjoy the next 10, 15 ,or 30 minutes of your life (or more!) doing what you want to do, where you want to do it, and with whomsoever you please.

Strategies To Create Financial Freedom (Strategy #1)

STRATEGY 1: Create Multiple Points Of Distribution & Sales

If you are the only one selling and distributing your product or service, just like in a job, when you stop selling so does your income. Selling is "linear income"; namely, you do work once and get paid once for the work you've done. Now yes, I do admit that selling can provide you with a very nice income, but it stops when you stop selling!

When you create Multiple Sources of Passive Residual Income you have "walk away" income. In order to do this you've got to create multiple points of sales. Rather than trying to get as many sales as possible you should focus on getting many people making a few sales each.
______________________________________________________
EXAMPLE: Owning a Vending Machine
(*adapted from Jordan Adler's book "Beach Money.")

Let's say I sell you a vending machine for a $1000. The machine dispenses candy bars, nuts, and potato chips for $1.00 each. Every time some buys an item from the vending machine you make ten cents. Then let's also say that I will keep the machine stocked with candy, nuts, and chips and I'll also include life-time maintenance on the machine. So is this sounding good to you?

I'll collect all the money from the purchases, count the money, provide you with a monthly accounting, and send you a check for your earnings. But that's not all.

I will also give you unlimited opportunity to collect this ten cents fee on multiple vending machines in multiple locations. All you have to do is get me as many locations as possible to place vending machines.

Each time someone makes a purchase at one of these machines you get ten cents. How's it sounding now? What if you had 1000 machines, or even 4000 machine all over the country?

Obviously your goal in this strategy is to have as many vending machines as possible in as many locations. You only have to buy one machine yourself. You have no product to buy, no maintenance costs, no accounting hassles – I do all that for you.
Your main job is to find other people who want to own a vending machine then you teach them how to do exactly what you're doing.

For this strategy to work you must focus on the distribution of the machines – NOT selling candy bars, nuts, and potato chips! As your network of machines and machine distributors grows, you get a percentage of the ten cents commission from each and every sale throughout your entire network.

This would give you some serious passive residual income (a.k.a. "non-linear income")! This same strategy of creating multiple distribution and sales points is how any direct sales business works.

The more distribution points you can set up for selling a give product or service the more money is made. Once it's all set up do you know what you have to do keep getting paid? NOTHING!
______________________________________________________

If you're good at sales that's great, but it won't give you the "walk away" money I was talking about earlier.