How Long Is The Road To Financial Freedom?
Passive residual income is money that you can spend any way you like, such as a beach vacation. When your passive residual income comes from multiple sources, you are well on your way to financial freedom.
Basically, passive residual income is the money that you are paid again and again for a job that you only do once. This type of income makes it possible for your to take a week or so off to lounge around the house, take a vacation or simply sleep in a couple of days. Passive residual income continues to bring you money even when you do not go to work.
The Ticking of the Clock
To learn more about passive income, you need not look any further than the face of a common analog clock. Imagine that every minute on the clock is fifteen months in your life. The entire hour would represent seventy-five years of your life. Your career should begin at about sixteen minutes or so. If you keep working until you are of retirement age, typically sixty-five years old, fifty-two minutes of your life hour is spent working.
Typically, the most productive time in our lives are from the sixteen minute mark to the fifty minute mark, give or take a couple of seconds. You start your job, work toward a raise or promotion and hope the company does not decide to downsize, requiring you to begin the entire process once more. This process is ongoing for as much as thirty-six minutes of your life hour.
When you effectively create multiple sources for passive residual income, you are able to accomplish in less than three and a half minutes what you struggle to get done in the entire thirty-six minutes of working hard. If your only income is from a job, if you stop working, the money stops flowing. With multiple streams of passive residual income, you only have to work when you want to and the money keeps coming. It is possible, if you follow an efficient multiple stream income plan, to be financially free in four to five years, give or take a second or two.
Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 - 2009
Tags: Financial Freedom, Passive Income, passive residual income, wealth creation blog