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Micky Gramlin
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Micky Gramlin   My Press Releases

Residual Income Ideas 3

Published on 6/29/2018
For additional information  Click Here

 

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CodeBlueForBusiness.com

Digital Solutions For Small Business

 

Residual Income

 

Residual income is when you continue to get paid after the work is done.”

~ www.lifehack.org

 

Residual income. A word of which some people think is unattainable and even non existent. But, for those that do understand the power of Residual income … have no doubt of its existence and that it is most certainly attainable.

To experience the taste of success, in any endeavor is to accept some risk and the bigger the risk, the more money can be made is the rule.

 

Sometimes the experts are right and sometimes they are not.

 

“A person who never made a mistake never tried anything new.”

~ Albert Einstein

 

Debt free. Imagine that. Unlimited amount of good quality time spent with your family. Paying tithing effortlessly. Contributing to a good cause. Just a few examples of what one may decide to do on their journey of discovery to financial freedom.

With this series my only intention is to share options and not advise. The research part of it is entirely left up to you. Think of what you may find here as a possible discovery of an idea or ideas that  may lead you to doors that are wide open.

Write an EBook

“This can be a lot of work upfront, but once the ebook is created and marketed it can provide you with a passive revenue stream for years.

You can either sell the ebook on your own website or offer it as an affiliate arrangement with other websites that provide content related to your ebook.”

Become A Silent Business Partner

If you know of a business that needs capital for expanding purposes, instead of offering a loan, take an equity position and treat it like a business opportunity.

There are many different ways that this can be done, but usually the owner of the business handles the day to day operations. As the silent partner, you are paid from the profits.

Rent Out Unused Space 

You can usually find a temporary office to rent in your bigger cities for an hour or two, even for a day but not in smaller cities. This is a service I would pay for.

Sometimes a restaurant is not the best place to hold a meeting or a library.

Even a good size hall or church could provide work tables and an office center for out of towners or even locals and could earn more income for their causes

As the world changes into a self employed work force, the need for this service will grow. Why not be one of the first to provide the service?

 

Thank you for stopping by!

Micky Gramlin

Sources

goodfinancialcents.com

habitsforwellbeing.com

www.lifehack.org

 

 

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Understanding 1031 Exchanges Residual Income Series 5

Risks To Consider With A 1031 Exchange Residual Income Series 6

 

 

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