Two Keys to Financial Freedom

There are two principles that need to come into play if you want to build a pipeline of perpetual income. They are "residual income" and the "power of leverage". Residual Income is when you do something once, but get paid for it over and over again. For example, if you went into a studio and recorder a hit song, each time someone buys that song, you would earn some money. Financial Leverage is when you set up a system that can pay you a lot more money that your personal time and talent normally would. One of the best ways to accomplish this is to set up a business where you profit from the time and talents of lots of other people.

For example, if you owed a business with 10 employees who were each paid US$10 per hour, that business would cost you US$100 per hour to run, but if you could produce US$500 or US$1000 per hour, you would be profitable J. Paul Getty, (one of the richest men during his time) once said, "I would rather earn 1% from the efforts of 100 people than to earn 100% from my own efforts." So if you want to have a large pipeline of income, you would have to set up a large and successful business. Very few people have the ideas, expertise, capital, contacts or stamina necessary to do this. Fortunately, there is a better way!