Residual Income Quotes

Residual income is passive income that comes in every month whether you show up or not.  It’s when you no longer get paid on your personal efforts alone, but you get paid on the efforts of hundreds or even thousands of others and on the efforts of your money!  It’s one of the keys to financial freedom and time freedom.

When your SALARY is RAISED, don't RAISE your PROFILE. Instead, RAISE your INVESTMENT so you depend on PROFIT and instead of SALARY. Don't buy a new CAR. Buy a new TAXI. Don't buy new SHOES to WEAR. Buy SHOES to SELL. SELL and you will EXCEL

There are two ways to get to the top of a giant oak tree. You can sit on an acorn and wait. Or you can climb it.

Whether it's the best of times or the worst of times, it's the only time we got.

Let me remind you again that when you put a book out there, you are a published author in a space where you are an expert. Your book becomes the ultimate business card, not to mention a source of ongoing revenue. Did someone say “ongoing revenue?”. Who does not need to make some extra money on a regular basis? Realize that this book will take some work to complete once, but thereafter it exists forever – working to bring you royalty checks five, ten, twenty years from now. Money will be consistently flowing into your bank account. If you write a good book that provides real value, then you realistically have a revenue stream which will bring income for decades to come.

In such regimes, welfare is a term that has negative connotations of over-dependence, parasitic behavior, & exceptionalism. [...] Unsurprisingly, public policy designed to address the 'exceptional' - the low-income in a wealthy city - is designed with free-riders in mind. They are residual rather than comprehensive, narrowly targeted (through asset & means tests), & highly conditional.

In 2009, physicist Robert Ayres and ecological economist Benjamin Warr decided to construct a new model of economic growth. To the classic duo of labour and capital they added a third factor of production: energy (or, more precisely, exergy), the proportion of total energy that can be harnessed for useful work, instead of being lost as waste heat. And when they applied this three-factor model to data on twentieth-century growth in the United States, UK, Japan and Austria, they found that it could explain the vast majority of economic growth in each of the four countries: Solow’s mystery residual, long assumed to reflect technological progress, turned out to reflect the increasing efficiency with which energy is converted into useful work.36 The implication? The last two centuries of extraordinary economic growth in high-income countries are largely due to the availability of cheap fossil fuels.

Createspace – Earn residual income publishing your own books, ebooks, films, or music for free to publish on Amazon and other worldwide channels.  It is easy, professional, and very user-friendly.

Our concern,” Jimmy wrote in the DU brochure, is with how our city has been disintegrating socially, economically, politically, morally and ethically. We are convinced that we cannot depend upon one industry or any large corporation to provide us with jobs. It is now up to us—the citizens of Detroit—to put our hearts, our imaginations, our minds, and our hands together to create a vision and project concrete programs for developing the kinds of local enterprises that will provide meaningful jobs and income for all citizens. To engage Detroiters in the creation of this vision, DU embarked on a campaign for open government in the city, issuing a series of leaflets calling on citizens to examine the whole chain of developer-driven megaprojects with which Young had tried and failed to revive the city (including Poletown and the People Mover) and to assume responsibility for envisioning and implementing alternative roads of development based on restoring neighborhoods and communities. During the debate over casino gambling Young had challenged his opponents to come up with an alternative, accusing us of being naysayers without any solutions of our own. Jimmy welcomed the challenge. There was nothing he liked better than using crisis and breakdown as an opportunity for renewal and transformation. His forte was devising solutions that were visionary and at the same time so down-to-earth that people could almost taste them. For more than fifteen years he had been writing and talking about the crisis developing in our cities and the need to redefine work, especially for the sake of our young people. In October 1986, at a meeting in Oakland, California, which the Bay Area NOAR sponsored to present “a vision of 21st century neighborhoods and communities,” Jimmy had declared that it was now “idealistic” to expect the government or corporations to do the work that is needed to keep up our communities and to provide for our elementary safety and security. Multinational corporations and rapid technological development have turned our cities into graveyards. “Efficiency in production,” he argued, “can no longer be our guiding principle because it comes at the price of eliminating human creativity and skills and making millions of people expendable.” He continued: “The residue of the last 100 years of rapid technological development is alienation, hopelessness, self-hate and hate for one another, and the violence which has created a reign of terror in our inner cities.

Passive income’ essentially means earning money automatically, while at the same time, requiring less maintenance and without any of your active personal involvement. ‘Residual income’ is passive income that continues to flow in regularly after investing your time, efforts, and participation during the initial stages of work.

Wealth and income without lifestyle is a waste of wealth and income. Better to be poor with a life than rich with none.

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