Earning Residual Income - What Hal Elrod Taught Me About Protecting My Family
In this Episode, you’ll learn exactly why residual income could be the best protection against financial disaster for you and your family.
I have a VERY important question for you…
If something happens to you and you couldn’t physically work anymore…would you be financially secure and able to care for yourself or your family?
If the answer is NO…then you need to make some serious changes in your life.
If you want to secure your family’s financial future then you’ll want to grab a pen and notebook and take notes, as this is a REALLY important topic.
In this Episode, I’m going to share with you why it’s so important to have a residual income plan in place and how you can get started on the path to securing you and your family's financial future.
With every Episode of Tanya Aliza TV, I like to empower you with a POWERFUL free resource that you can implement right away and create results with fast in your business.
This week, I’m giving you my 7 Ideas to Create Long Term Residual Income Plans For Your Financial Future.
This resource will show you some really good residual income ideas so you can put a plan in place for you and your family.
Episode #105 Earning Residual Income - What Hal Elrod Taught Me About Protecting My Family
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7 Ideas To Create Long Term Residual Income.
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What is Residual Income & Why it’s So Important
Active income comes as a direct result of our efforts.
This is when we work for one hour and get paid a certain amount for that hour of work. This can be seen in wages, salaries, and self-employed service providers like lawyers or doctors.
Unlike active income, residual income isn’t limited to the number of hours you put in.
And having multiple streams of income allows you to be more financially stable.
If you have one job that you love and enjoy, that’s great, but you have to think about what protection you’d have if for whatever reason you suddenly couldn’t work and that income stream suddenly went away.
Earning Residual Income - One Stream of Income is Very Risky
Think about how risky it is to have just one stream of income.
That’s extremely risky.
If your not the type of person that likes to take risks well I have news for you…your living life on the edge.
If God forbid something happens…and we all know life sometimes throws us a curveball…and you only have one stream of income and you lose it, how will you take care of yourself and your family.
That’s a very risky position and no one should put themselves or their family in that type of situation.
Earning Residual Income - Would you be okay?
I was recently listening to a podcast with Hal Elrod, the author of the book The Miracle Morning, and he was sharing his experience with battling an aggressive cancer.
During this difficult time that he couldn’t work or take care of himself and he was so grateful that when he was younger he found network marketing and learned to create multiple streams of income.
Had it not been for this, he would not have been able to take care of his family and the situation would have been even more difficult and devastating than it already was.
This really got me thinking about how my motivation to create multiple streams of residual income was simply because it just made sense.
But there’s so much more to it that it just it making sense from an analytical standpoint.
It’s financial protection for you and your family as well which can bring you peace of mind.
Earning Residual Income - Whatever You’re Thinking - Think Bigger
Most people have small thinking…they don’t have vision and look towards the future.
People are more concerned with today and this moment and don’t take time to plan for their future.
I talk to a lot of people on a weekly basis and around 80% of them are struggling financially.
Considering we have so many opportunities in front of us this shouldn’t be the case and we need to fix it.
If your situation is one of where your living paycheck to paycheck…barely getting by and your physically and mentally able…imagine…if suddenly you couldn’t work?
Earning Residual Income - Put Your Energy In the Right Areas of Your Life
If you currently have a job you need to keep because it puts food on the table AND this job is just not cutting it for you, then you're looking at a bit more challenging situation…but it CAN be done.
I was in that position a couple years ago…so trust me I get how exhausting and hard that is.
But here’s the thing…you don’t have to put too much time into building your business to see results.
You just need to put an hour or two everyday and over time you’ll reap the benefits of your hard work and effort.
Once you do that…you’ll be less stressed and happier because you're putting your time and energy into something that rewards you more.
Earning Residual Income - You Are Responsible for Your Financial Future
The takeaway here is that no one but you is responsible for your financial future.
The government is not responsible, your employer isn’t responsible, the economy isn’t responsible…only you get to decide what your financial future will look like.
Resources & Links Mentioned:
The Millionaire Morning Routine | In my Millionaire Morning Routine I share with you how I attract wealth, success, clarity and happiness using my 5 step, 22 min morning routine. This routine has completely changed my life and I hope it helps you as much as it’s helped me.
FREE 9 Min Video | How I Attract Eager Prospects on Social Media That Are Excited To Do Business With Me… Using this ONE small, but mighty tool.
Mailbox Power | I use Mailbox Power to send all our cards and gifts. With Mailbox Power, you can effortlessly create and schedule campaigns that deliver cards and gifts to your clients right when they matter most.
Tanya Aliza’s Kit | Many people ask me to share my personal camera and video gear, my health, wellness and beauty products, my favorite books and more. Instead of listing out each item individually here on the blog, I made some really cool ‘KITS’ that you can check out.
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