What exactly do I mean by compounding your income? This is what
it means. It means that you compound your efforts with others efforts in
order to make an income that will become very significant over time. It
means using other peoples talents to not only develop and income for
you, but also an income for them.
Your income compounded will grow exponentially over time. When one person helps you and they add ten people and then those ten add ten more you can become very wealthy over time. That's not the way it works with employee income. Employee income only depends on the work of one individual, that's you. You work for it and you earn it. Once you make it you make it you have to do effort over and over again in order to continue to receive income. Once you get so you can't work or you get laid off the income will stop.
That's not the way it works with compounded income. Once you make it, it will pay you over and over again. There are several ways to make compounded income. There is royalties from music, videos, movies, books, and such. That is a great way to make a residual income if you are talented and lucky enough to be able to get your book or movie popular. You do the work once and then you can make residuals for many years to come. The problem with this kind of income is that it will diminish over the years. The older the book, movie, or video becomes the less it is played.
The other way to make compounded income or residual income is with real estate. Have rental properties and having someone manage them is a way to have compounded income without having to work for it. The problem with this type of income is that you have to have a lot of inventory in order to make a great income with it. How many apartments do you have to buy in order to have a good income that way?
The other way is network marketing. This is probably the best way to make income by compounding. The investment is low, the inventory is almost completely nothing now because the Internet age has made it possible for people to order their own products so you don't have to stock any inventory for them. It uses the compounded efforts of everyone you put into you group. This allows you to build a large organization of people that will continue to grow. As long as the company is in business you, your children, and you grand children will have an income. The only problem with network marketing is you have to become your best self in order to make it and you have to discipline yourself to stay with it until you make it.
Your income compounded will grow exponentially over time. When one person helps you and they add ten people and then those ten add ten more you can become very wealthy over time. That's not the way it works with employee income. Employee income only depends on the work of one individual, that's you. You work for it and you earn it. Once you make it you make it you have to do effort over and over again in order to continue to receive income. Once you get so you can't work or you get laid off the income will stop.
That's not the way it works with compounded income. Once you make it, it will pay you over and over again. There are several ways to make compounded income. There is royalties from music, videos, movies, books, and such. That is a great way to make a residual income if you are talented and lucky enough to be able to get your book or movie popular. You do the work once and then you can make residuals for many years to come. The problem with this kind of income is that it will diminish over the years. The older the book, movie, or video becomes the less it is played.
The other way to make compounded income or residual income is with real estate. Have rental properties and having someone manage them is a way to have compounded income without having to work for it. The problem with this type of income is that you have to have a lot of inventory in order to make a great income with it. How many apartments do you have to buy in order to have a good income that way?
The other way is network marketing. This is probably the best way to make income by compounding. The investment is low, the inventory is almost completely nothing now because the Internet age has made it possible for people to order their own products so you don't have to stock any inventory for them. It uses the compounded efforts of everyone you put into you group. This allows you to build a large organization of people that will continue to grow. As long as the company is in business you, your children, and you grand children will have an income. The only problem with network marketing is you have to become your best self in order to make it and you have to discipline yourself to stay with it until you make it.
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