Wait, you say. How can that be? I don't have the voice or the moves of Michael Jackson or Elvis.
It's simple. Create
Royalties account for
a large part of the financial legacy left by entertainers, authors
and icons. A royalty is a payment for the use of a property be it a
copyrighted work, patent, or other item.
What makes a royalty
so valuable is that the action—performance, invention, writing—is
done one time and one time only. Thereafter, each time the song,
product or book is purchased/used, a payment is due to the person who
In the case of dead
celebrities, that money is paid to the estate. Last year Michael
Jackson's estate earned $275 million, the estate of author J.R.R.
Tolkien of The Lord of the Rings and The Hobbit
earned $50 million while the estate of Albert Einstein earned $10
While most of us will
not to do something that will pay us a royalty, ALL of us can create
Residual Income, like
a royalty, is payment on an ongoing basis for an action done in the
past. How can you create residual income? It's simple.
Build a network
marketing business. In network marketing, time is spent building a
business. Though it will take some time to build a business to the
income level you want, once built, the checks keep coming in month
after month, year after year. In a solid network marketing company,
that residual income stream becomes a part of your estate, your
legacy to your family, your community.
Most often a network
marketing business is built on a part time basis while you enjoy
extra money as well as the significant tax advantages available to
the owners of a home based business.
Rock stars receive
royalties, however, they lose their privacy.
receive residual income yet still have their privacy.
Yep, I'd rather be a
successful network marketer!