New Free Ebook Release 'Residual Income Success Secrets'

PRLog (Press Release) – Michael Keenan of YesHomestead has just released his brand new ebook, 'Residual Income Success Secrets', and it is available for free download.

Michael states within his ebook that, 'Residual Income is another term for “recurring” income. Basically there are three types of income streams that you may have coming into your business. If you do a one-time job, sale or perform a contract, you get paid once and the income stops there. If you do a normal 9 to 5 job, you will continue to get paid as long you continue to work for your employer—often called a linear income. This is the type of income that the majority of workers “enjoy.” Even if you are a neurosurgeon, lawyer or engineer, you are only paid as long as you continue working. You stop working and the bank account dwindles.

The third type of income is the residual or recurring income where you are paid even after you have stopped working. For example, let’s say that you wrote a book. You had to go through the tedious task of researching, writing and getting a publisher. However, after that initial investment, and as long as your book continues to sell, you will continue to receive royalty checks.

A majority of affluent people created wealth through a residual income stream. Take singer Michael Jackson for example; he still continues to receive royalty from the sales of his records made decades ago. He can even repackage the same oldies and sell them to generate new income. He doesn’t have to spend time in the studio to record new songs in order to have the cash keep flowing in. This is the most ideal situation of the three. We would all like to work once and get paid over and over again. That is the power of residual income!'

If you want to find out more about this important business subject you can download this ebook free from the following web address.

http://www.yeshomestead.com/Residual_Income_Success.html