Home
>
Wealth Building
>
Residual Income - 3 Ideas for Long Term Profits

Residual Income - 3 Ideas for Long Term Profits

A residual income is one that comes in no matter what--even when you are not working (or can't work.) It's something all of us will someday want and possibly need.

There are several paths to creating a residual income. I am going to quickly give you three ideas on how to get it done:

1. Invest small amounts of money over a long period of time.

Doesn't sound to exciting, huh? Well, just take a trip in a time machine with me...

Imagine your parents had begun putting away just $1 a day into a fund for you since the day you were born. If they had followed some simple rules, here is what you would have:

? At age 20 - $ 38,171.10
? At age 30 - $ 161,834.23
? At age 40 - $ 662,120.60
? At age 45 - $ 1,334,221.99
? At age 50 - $ 2,686,057.96
? At age 55 - $ 5,405,082.95

I think we'll stop there--you get the point.

What if you're 30 and haven't been doing this? Start today and you will have another $327K by the time you hit 65--put away $3 a day and you could have an "extra" million.

If you want to really see how exciting this concept can be, I have a report by Bob Allen on the specifics you can download as my gift by bob allen report

2. Use other people's money to leverage wealth.

If you never use other people's money to help you build wealth, you will limit your wealth potential.

The amount of money you have to invest in a new venture is always limited--the amount of money other people have to invest in that same venture is virtually UNLIMITED.

Gary Halbert, the master copyrighter, uses this technique. Whenever he takes on a new client, he gets an up-front fee and 5% of the gross revenue from the promotion. So, he gets the benefit of the sales generated by a huge investment of capital on his client's part--and it continues to come in after he has already completed the work.

Keep in mind that 5% of $1,000,000 in sales generated by his work is much more than 100% of his $15,000 fee.

3. Create strategic alliances.

Have you ever noticed that the same people seem to be on the "inside track" when it comes to new products online--and that often you seem to be the last to know? Here's why:

There are a relatively small group of people who have large lists and have created strategic alliances with one another. When a new product is about to be launched, they get on the phone and put together a promotion that allows them to be first to the marketplace and get the lion's share of the profits.

But before you think, "Well, I can't get into THAT club," let me point something out: Joe Kumar, a kid from Singapore, did what almost no one does--he simply asked for admission.

And he got in, resulting in about $100K in sales his first full month of promoting.

To see more about Joe's story at bob allen report

Get on the phone, give a call to some "big names" on the Internet. You might just develop an alliance that will put you on the *inside* rather than out in the cold.

There are many ways to build a passive income. Three are detailed above--there are many others. Find one that fits you and pursue it. It's worth the effort.

Kevin Bidwell owns bob allen report and has just released a new report on creating a residual income. You can claim your copy here - bob allen report

professional maid services Deerfield ..

In The News:

iPhone and Android users can reduce battery drain and data usage by restricting Background App Refresh to Wi-Fi connections instead of mobile networks.

Scammers nearly stole an Apple account by exploiting the support system with authentic-looking tickets and phone calls, users can protect themselves with safety steps.

FoloToy restored sales of its AI teddy bear Kumma after a weeklong suspension following safety group findings of risky and inappropriate responses to children.

Threat intelligence firm Synthient uncovers one of the largest password exposures ever, prompting immediate security recommendations.

Viral video shared by Elon Musk shows Tesla's Optimus humanoid robots performing tasks from cooking to construction, garnering over 58.5 million views on social media.

Chinese hackers used Anthropic's Claude AI to launch autonomous cyberattacks on 30 organizations worldwide, marking a major shift in cybersecurity threats.

Apple's new Sleep Score feature gives you a rating for your nightly rest quality. Learn how to set it up on your Apple Watch and iPhone today.

Essential phone settings to enable before losing your device, including Find My network, location services and security features for iPhone and Android.

The Fox News AI Newsletter gives readers the latest AI technology advancements, covering the challenges and opportunities AI presents.

Cybersecurity research shows weak passwords remain a major threat, with simple patterns and number sequences putting millions of accounts at risk.

New Android malware BankBot YNRK silences phones, steals banking data and drains crypto wallets automatically. Learn how this advanced threat works.

FDA approves first human trial for Paradromics' brain-computer interface that could restore speech for paralyzed patients through neural technology.

New phishing platform QRR targets Microsoft 365 users across 1,000 domains in 90 countries. Learn how to spot fake login pages and protect your accounts.

OpenTable now uses AI to track your dining habits and share insights with restaurants. Learn what data they collect and how to protect your privacy.

Google's discontinued Nest thermostats still secretly upload home data to company servers despite losing smart features, raising serious privacy concerns.

New Android malware NGate steals NFC payment codes in real-time, allowing criminals to withdraw cash from ATMs without your card. Learn protection tips.

DoorDash confirms data breach exposing customer names, emails, addresses after social engineering attack. Learn how to protect yourself from scams.

Concerned about Google's AI scanning your Gmail? Learn how to disable Gemini features that access your emails, Drive files and Chat messages for privacy.

Google warns Android users about dangerous fake VPN apps hiding malware that steals passwords, banking details and personal data from phones and tablets.

Apple's digital passport feature lets iPhone users breeze through TSA checkpoints this holiday season using Digital ID technology at 250+ airports.

A new phishing scam targets family photos with fake "Cloud Storage Full" alerts. Criminals steal credit card information through fake sites. Learn protection tips.

South Korean scientists create ultra-thin fabric muscles that turn clothes into robotic assistants, lifting 33 pounds while weighing under half an ounce.

Archer Aviation has acquired Hawthorne Airport for $126M to launch an LA air taxi network ahead of the 2028 Olympics, featuring AI-powered eVTOL operations and next-gen aviation tech.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Fake AI apps disguised as "ChatGPT" and "DALL·E" are flooding app stores with dangerous malware that steals data and monitors users without detection.

Residual Income - 3 Ideas for Long Term Profits

Wealth Building