I’m going to keep this short and simple. I make enough residual income online to do this business full time. I’m about 2 years away from hitting an income where I can walk away from this business and not really have to worry about how I’m going to pay my bills. Just to be clear, by residual income, I mean income that keeps going into my bank account each and every month without much effort on my part. Yes, this means I make money even when I’m sleeping, but I have to point out that it took a LOT of work to get to this point. True success in life never comes easily. You have to work your heart out to obtain and keep it.

I started this whole online business venture about 2 years ago. For the first 8 months or so, I didn’t make squat. Why? Simply because I didn’t really know what I was doing. I had bits and pieces of information on what to do and how to do it here and there but it was all scattered. I didn’t have a step by step plan of action to get from where I was to where I wanted to be with my internet business.

This all changed when I found The Keyword Academy. They gave me a blueprint, a step by step plan on what to do to make money online which includes finding profitable niches, creating a website, and most importantly, how to drive traffic to your sites. I followed it and that’s when my life started to change financially. Did I have doubts at first? Of course I did. Who wouldn’t? But at the time, I had a job that I hated so I had to do something. The first month is free now but back when I signed up, it cost $1 so I really didn’t have anything to lose except for time.

Since joining the training program, I’ve learned a lot about how making money online works, but most importantly, I put what I learned into action. That’s the only way you will succeed in this business or in any other business. Learning what needs to be done is necessary but it’s pointless if you don’t take action. I’m sure many people join The Keyword Academy and end up quitting because they were looking for some get rich quick scheme that involves no work and found that the program was anything but an easy way to instant riches. But hey, those types of people are the ones who will keep looking until they realize they will have to work for some job they hate for the rest of their lives.

Anyway, learning and APPLYING what I learned at The Keyword Academy is how I make residual income online. The first month is free and you get full access to everything. After that, it’s $33/month. The main reason for sticking around is to get ongoing support as well as being able to use their tools to accelerate your progress. You can cancel anytime. If you decide to just stick around for the first month, learn as much as you can and put what you learn into action. Success isn’t complicated. Figure out what to do and just do it until you get the results that you want.

If you have any questions about the program, feel free to leave it down in the comments section below. If you want a more in depth review of the program, read my Keyword Academy Review post.

KS

Residual income is the key to financial independence. That might be a bold statement but I can back up this claim. First of all, just so we’re on the same page, this type of income is one where you get paid over and over from work that you did once. Just knowing this alone should help you realize just how powerful this type of income truly is. Think about it for a second. What do most people spend their adult life doing for 40 hours a week? That’s right, they work. The only reason most of us work is to make money in order to have the lifestyle that we desire. What if you were able to have income coming into your bank account without working? Sound impossible? If it does sound far fetched to you then you’re not alone.

Most of us were brought up with the mentality of going to school, getting a job, and working until you retire. Although this is a plan, it’s a bad plan in my honest opinion. Life is short and it doesn’t make any sense to be spending most of our adult life working for that paycheck. What most people have following this plan is linear income. Let’s take a look at the difference.

Linear Income

This is where you trade your time for money. You go to work for 40 hours, you get paid for 40 hours. It doesn’t matter how much you make per hour, if you ever stop working, your income will also stop. In order to have financial independence with this type of income, you will need to increase the amount you make per hour to the point where you are making enough to save up enough to retire at a reasonable age. If you get this type of income, then you’ll have to make quite a lot of money per hour if you ever hope to retire before the age of 60.

Residual Income

With this type of income, even after you stop putting in time and work, money still goes into your bank account. You might actually already be making some residual income. If you have a savings account, then you are making money each month from the interest that the bank pays you. Of course, unless if you have hundreds of thousands of dollars in your savings account, you’re not earning much income, definitely not enough to retire on.

What if you are able to have enough residual income to cover all of your monthly expenses, how would your life be like? Think about it. Let’s say you need $10,000/month to have the lifestyle that you want. With linear income, you’ll have to put in the time in order to make the money to have that lifestyle. This will go on unless you save up enough to live the rest of your life without having to work. With this path, it will take a while. Just 10 years of retirement will cost you over $1 million.  But what if you are able to make residual income, enough to cover that monthly expense? Well, it would mean that you will be able to retire much sooner. This is the power of residual income.

Disadvantages

The advantages of earning residual income is obvious, it gives you the ability to become financially independent. However, there are a couple of disadvantages as well.

1. Slow results

Unlike linear income where you get paid for ever hour you work, with things that produce residual income, it can take weeks or even months to see results from work you did today. This is something that most people don’t have the patience for. If you are able to delay gratification and basically “work for free” and still keep up your enthusiasm, then you will do just fine but if you can’t do that, then making this type of income will be very difficult mentally.

2. Criticism from others

Believe it or not, the idea of retiring off of residual income is something that is foreign to most people. The way most people think is that you must work and put in time in order to make money, there is no other way. Of course, you and I both know that this is a false belief but because most people think this, many people will criticize you and even discourage you from taking this path. It can be for different reasons. Sometimes, it could be because they don’t understand how this type of income works and will therefore think that you are getting scammed somehow.

The crazy thing is that at first, they will have proof! Since it can take months or years before you make any decent amount of money, they can easily see you putting in work without having much in return and say, “I told you so.” This can definitely be discouraging but it’s just one of the hurdles that you might have to deal with. However, once you start making enough money, all of the obstacles that you had to go through will be worth it.

3. Unconventional

You won’t find many people pursuing this type of income so you might feel alone on this journey but keep in mind that retiring early is also unconventional. If you do what most people do, you’ll end up like how most people end up at the end of their work life, broke. Choose to take the path less traveled and you’ll be able to experience a life that most people can only dream of having.

Ways to Make Residual Income

There are many ways to build residual income. You can create a product, a song, a book, etc., and sell it and earn money off of the royalties. You can buy a rental property, rent it out, and collect money each money. You can start an internet business, automate everything, and walk away. You can start a traditional business, build it up, hire someone to run it, and be done. Obviously, some paths will require more time and money than others but either way, they beat having to rely on linear income.

The cheapest way to start making residual income is to create an internet business. All you really need to start is a website, hosting, and an idea. Of course, you’ll need to learn what to do as well.

Hopefully, you understand the power of residual income. If you do, you will realize that every spare minute you have should be spent on creating this type of income because it will be your ticket out of the working life. Think about all of the things that you want to do with your life. The things you want to buy, the places that you would like to travel to, the time you want to have for your family; all of this will be possible if you have passive income. Without it, you will be like most people who work until they are too old to truly enjoy life.

The sooner you start, the better. Seriously, life is too short. Read the other posts on this website to learn how to produce an online income with an internet business and put as much time and effort you can into it. You can learn from the best for free during the 1st month. Check out: The Keyword Academy

If you’re not doing everything you can to produce residual income, then you’re nuts. Financial freedom can be just around the corner.

So how do you make monthly residual income even while you sleep? The answer is to work at things that will produce that kind of income. Yes, I know, that sounds so obvious. However, most people don’t even know where to start when it comes to residual income. In fact, many people don’t even know just how powerful this type of income can be. The main problem is that most people see this type of income as something insignificant. Let’s face it, most people who make residual money online don’t make all that much so when they tell their friends that they are making $100 a month in residual, they just end up getting a blank stare. What’s so significant about making $100 a month? You can do that working for less than minimum wage.

Of course, you and I both know that $100 in passive income is a great start even if it’s not enough for you to quit your job anytime soon. Being able to create a residual monthly income takes work. It’s not that the work that is required is anymore more work than working for a company; it’s just that most of the time, you don’t get paid right away. This is what stops most people from even attempting to earn residual monthly income.

I get this all the time. Back when I had no residual income coming in, I would dream about making just $1 a day. Most people would think that’s a stupid goal, to make a mere dollar a day, but I knew that if I was able to bring in $1 a day, I would be able to double that, triple that, and so on until I would no longer need a job to survive. You hear internet marketers or anyone else who makes residual money say it all the time; that most people don’t know understand much about this type income let alone knowing how to obtain it.

I thought this had to be some sort of an exaggeration so I conducted an experiment and asked a handful of my friends with regular jobs if they knew what this type of income is and if they knew how to make it. Almost all of them had the general idea of what residual income is but besides putting money in a savings account, none of them knew how to make monthly residual income through other means. Perhaps I just asked the wrong people but most of them were all college graduates so perhaps it was the mindset that we have all been taught through the educational system that the steps to take is to get a degree and work for a good company. Maybe that’s why most of the people I talked to never really even thought about creating residual income.

Maybe it’s something that people have to experience before they can see that it’s possible. Before I started making monthly residual income online, I have to admit that I had doubts as to whether or not it was possible for me. I knew it was possible because I know others who make residual income but I didn’t know if it was possible for me personally. Now that I have a residual monthly income, it just blows my mind that not everyone is spending more time to generate their own. I have even told friends about what I am doing and they don’t even seem to be interested.

In any case, if you are reading this then you know the power of this type of income and you probably want to know how to make it. I can’t tell you how to make it in any other way but online because that’s the only place I’m able to make residual money. The best advice I can give you if you happen to have chosen the internet as your vehicle to earn this type of income is to sign up for The Keyword Academy. You will learn what you need to know to start ranking for your websites for key terms which will result in making monthly residual income. Whether you want to create niche sites, do affiliate marketing, or even sell your own products, you will need traffic coming to your sites and that is precisely what they will teach you to do. This is basically the key to having  a successful internet business.

If you want to make monthly residual income using other techniques such as real estate rental properties, insurance sales, network marketing, etc., then make sure you do your research and find someone who is already successful at making residual income with that particular method and have them show you exactly what you need to do. Beware of all of the scams out there as well. When it comes to making money, there are thousands of them. Perhaps that’s one reason why so many people don’t believe that making this type of income is possible. They may have actually tried several times in the past but failed or were scammed out of their money.

In any case, realize that passive income is the most powerful type of income you can have. Having income flow into your bank account month after month even when you’re not working can really open your life up to a lot more possibilities. You will have more time to truly experience what life has to offer. Sure you can work until you are 65 and rely on social security (a form of residual money) but by then, you will be too old to do a lot of the things you have always wanted to do. You’ve got one life to live so do everything you can to get your finances handled by creating enough monthly passive income so that you never have to spend anymore time doing something you don’t want to do.

Although money isn’t the most important thing, we sure trade a lot of our time to get it. Time is irreplaceable folks. The more time you spend working to get money, the less time you will have to enjoy life. This is what gets me up every day and gets my butt to work like my life depends on it, because it does. If I can go back in time to when I was still in high school, which is a long time ago, I would tell myself to focus on creating monthly residual income. But better late than never I guess. So if you haven’t started on your journey yet, start now! Time is running out. It doesn’t matter what vehicle you pick. What matters is how much work you put into it. If you still don’t know what to do, then try internet marketing like what I am doing or research and find out about other ways but whatever it is, START NOW!

So how to do you make 1 dollar a day? Making $1 a day may sound like a joke to you, but when it comes to residual income, you need to understand just how powerful a simple dollar a day is.

The majority of us work for a living. We put in time and get money in return. It pays the bills and other expenses. $1 a day is peanuts compared to what you can make at any job, but it’s money that you don’t have to do much or any work to make. You can miss a day of work and make nothing. With residual income, you can miss a day of work and still make that dollar.

Systems

*Note: The system that I use deals with creating an internet business. You can learn what I do by clicking here. You’ll get 30 days of full access for free. You can learn everything you need to learn and cancel after the month is over. My success is due to this system.

So let’s get down to it. How do you make 1 dollar a day in residual income? The answer is by creating and building a system that runs with or without you. This can come in many different forms as mentioned on some of my other posts. The key here is the system has to be able to keep running with or without you being present, at least most of the time.

You can have a business that brings in thousands of dollars a month, and that’s great, but if the business will die if you aren’t there, then all you have is working income. Owning a business doesn’t mean you have created residual income. That said, if you can build a system where your business continues to run even if you take a few months off, then you’re building the right income.

So what systems can you use to start making $1 a day?

If you’ve ever read about Warren Buffet’s childhood, you probably know that when he was a kid, he made money through a paper route. This isn’t uncommon of course, many kids have paper routes, but what made Buffet different from the rest was that he didn’t actually deliver the papers. What he did was went around the neighborhood selling subscriptions. Once he got the initial payment, he used that to hire other kids to deliver the papers for him.

Assuming that the subscribers stuck with the papers, if you did this, you can take off and still make money.

In this case, the key was having ongoing monthly income from a product. Think about your cell phone bill. You pay every single month to use your provider’s service and every month, the company collects money. The owner of the company just hired a bunch of people to run the day to day operations.

Here’s a test. Can having and operating an ice cream truck be turned into residual income? That depends on how you approach the business. If you just drove and sold, then no, all you have is a job. However, if you invested in a truck, hired someone else to drive and sell for you, and have another person get the supplies, then it can be.

Build Residual Income with an Internet Business

The simplest and cheapest way to build residual income is starting a website and then learn how to make money with Google Adsense. Keep in mind that I said simplest, not easiest. You wouldn’t believe how many people fail at creating ongoing income online. The promises of many advertisements are high, but in the end, people end up crashing and burning left and right.

Here’s the truth about creating residual income online. It takes a lot of time and patience. Time meaning don’t expect to quit your job anytime soon and patience because you will be sometimes be working for months without a penny coming in. The good thing is that once you get to the point of making some money, it does get easier the second or third or tenth time around.

Yes, you will most likely need to build multiple websites to make any decent amount of money. There are people who make tons of money with just one site, all residual, but that’s more of an exception than the rule. You want to increase your chances of hitting your goal of making residual income by just producing more.

Patience, hard work, and a little bit of luck can go a long way in helping you make 1 dollar a day in residual money for the first time. From there, the sky’s the limit.

There are many ways to create residual income. You just have to find and gather the knowledge on topics like how to make money online with Adsense, affiliate marketing, and other internet businesses or offline techniques like real estate investing, stocks, and business.

If you want to learn how to make money with an internet business, then read my Keyword Academy Scam or Not review.