Wouldn’t it be sweet to get paid over and over again from something you did just once? Imagine going into work and creating a project. Let’s say that project took you a week to accomplish. For most people, they would get paid for the amount of time they put on the project or they would simply get paid as part of their salary agreement. However, imagine a scenario where the project you worked on was able to continually produce an income for you even long after you were done completing it. This is what is called residual income and many people are already earning it.

Let’s say you build an internet business. It doesn’t even have to be anything fancy. You can start a simple website and work on driving traffic to your website. From there, you would promote an affiliate product or use some type of ad network to produce an income. Once you set all of that up and get enough traffic, you will be able to continue to make money even if you stopped working on the site for months at a time. If you compare that to how most people make money, it’s like night and day. Instead of trading in your time for money like most people do, you will be putting in some time and getting huge payouts from that time you invested.

Technically speaking, if it took you 100 hours to set up a website and drive traffic to it and you made $100 from it, how much per hour did you make? The answer isn’t $1 an hour. The reason is because you will continually get paid from those 100 hours you put in so really, the answer is, “who know?” It’s a great feeling to know that you’re still getting paid from stuff you did years ago. That is how you truly become financially independent. It’s way better to make less money but not have to work for it than to make 5 times the amount but have to keep working to make that money.