In 2014, the best opportunities are going to be found on the Internet. Start-up costs are low, expenses are few and it’s easier to create quick success online, than in the real world. When you learn how to market your business properly, people will be begging YOU to take their credits cards so that they can BUY. And they’ll be happy to pay a subscription fee every month… it all starts with building the right foundation and getting involved with the right opportunity.
BEST RESIDUAL INCOME OPPORTUNITY FOR 2014
What is Residual Income? (From Investopedia)
The amount of income that an individual has after all personal debts, including the mortgage, have been paid. This calculation is usually made on a monthly basis, after the monthly bills and debts are paid. Also, when a mortgage has been paid off in its entirety, the income that individual had been putting toward the mortgage becomes residual income.
Residual income (also called passive, or recurring income) is income that continues to be generated after the initial effort has been expended. Compare this to what most people focus on earning: linear income, which is “one-shot” compensation or payment in the form of a fee, wage, commission or salary.
How to Build Residual Income (From WikiHow)
1 Live below your means. Every extra dollar you have at the end of a month is another dollar you can invest in vehicles for residual income.
You will have more success with this step if you live by a strict budget. A budget doesn’t mean that you don’t allow yourself any money for fun. It’s simply a plan for spending your money that keeps you moving toward your long-term goals rather than your immediate urges.
2 Maintain a savings account of approximately 6 months of income. Use this emergency fund, rather than credit cards, whenever large or unanticipated expenses come up. This means you’re earning interest on your emergency money rather than paying interest on it.
3 Invest as much of your extra money as possible in tax-sheltered savings plans. This equates to a 10 to 30 percent savings automatically, simply by reducing your taxable income.
If your employer provides fund-matching for retirement investments, maximize this option. Not doing so means passing up free money.
4 Split in half any income increase from a raise. Put half directly into your savings plan, and allow yourself to have fun with the other half.
5 Invest your extra money in a combination of vehicles that will earn you passive income over time. The precise distribution for your portfolio will vary according to your needs and tolerance for risk.
As a general rule, you should invest in riskier projects when you are younger and have more time to make up for any losses. As you approach the age you want to retire, you should favor steady and reliable income over the possibility of massive earnings.
Residual Income Opportunities
Best Residual Income
Best Residual Income Opportunities
Best Residual Income Opportunity
Residual Income Opportunity
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