Easy Residual Income

2 Simple 'Big Ideas' For Earning Residual Income

The term easy residual income is actually a misnomer of sorts. Fact is, to have a residual income, you first need a regular income that supersedes your regular expenses. Only then can you save, invest or put in that 'extra' into an investment or business that creates the passive, recurring income that you're looking for.

Here are 2 simple 'Big Ideas' to start you up in that direction:

BIG IDEA #1

If you have a salary income, keep some money aside from each paycheck and put it into an equity mutual fund. Over time, this will start generating compounded returns, which will become your additional source of income.


People say you get better returns from stock markets, which is true. But then, unless you know what you're doing, you're safer with a mutual fund as it's a common pool of investor money and not just your own.


Investing in a mutual fund is a much better 'hands-off' way to make money than taking on the risk of speculative trades on the stock markets.

BIG IDEA #2

Set aside weekends to learn a skill or hobby and develop it over a few weeks into a small scale vocation.


Look at your local or regional market. Identify a niche that isn't being serviced and analyze your USP as a part of it. Everyone has unexplored skills that, with a little effort, can easily be turned into a part-time home-based business.


The key here is to have a side business that you can make money off of, and easily turn into an auto-pilot business. That's the success secret of a lot of businesses worldwide -- A self-running business that puts cash in your pocket and money in your bank account, each and every month without fail.

There's a world of money solutions beyond the ones you've known or believe works. All it takes is spotting the right opportunity and grabbing a few slices of it for yourself. It's that simple to start earning an easy residual income... And if you really take action on your dreams and work on it with focused dedication, it will be an income for life.