More than just about anybody, professional service providers understand the value of time. For them, time is literally money. Doctors, lawyers, accountants, dentists, engineers, and anyone else with specialized training who provides specialized services, bill for their time. But when you think about it, if you are an employee of a company you also bill for your time. By agreement, you work a set number of hours every week and in return receive a paycheck. If you simply stop showing up for work or miss an inordinate number of days, you will not be paid for that time.
For this reason, any person who trades their time for money faces an irrefutable limitation on what they can earn. The great paradox of time hems them in-they never have enough time and yet they have all the time that there is. It is clear that trading time for money by definition limits the amount of money an individual can earn in their career or their job. This is why many salaried employees and professional service providers create a passive career to augment their income.
A passive career is based on the creation of a stream of passive recurring income. Just as the name implies, passive recurring income is a steady stream of cash flowing into a person’s life without the direct involvement of the person in the process. Sometimes called residual income, after a passive recurring income stream has been initiated, it can literally run forever. The benefits for this type of income augmentation are clear because there are no limitations as to how much an individual can earn. In the early days of a profitable passive recurring income stream, people often continue to work at their primary job or career as well. But over time as a passive recurring income stream increases in value, many individuals simply leave their job or primary career.
One of the best ways today to launch a passive recurring stream of residual income is through an Internet marketing business. An online direct sales enterprise can be run from the comfort of your own home, and can be launched with a modest investment of both time and money. Moreover, you can find opportunities that provide a turnkey approach to such a business, combined with hands-on training and support as well.
Don’t confuse these legitimate opportunities with the get-rich-quick scams that proliferate online. Initiating a passive stream of recurring income takes time, energy, and a capital investment. But once it is started, it will run as long as you want it to.