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 families financial future.
Earning Residual Income – What Hal Elrod Taught Me About Protecting My Family – Episode 105
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.
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 hours 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 1 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 curve ball…and you only have 1 stream of 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, 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.
And 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 every day 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 Mentioned & More That Will Help Rock Your Biz
The Network Marketing Revolution (Book) – Learn More Here
This book was co-authored by my good friend and Lady Boss, Jessica Higdon. I not only love cause I’m in it (wink wink), but because it showcases many success stories from everyday people that have created amazing results in Network Marketing. I have multiple copies of this book on hand to share with my prospects as an amazing recruiting tool. I suggest you order a few copies too!
Tony Robbins – Money Master The Game – Book – Learn More
I highly suggest picking up this book and reading it immediately if you currently have an investment portfolio or you are looking into building one. One of the main reasons I held back for so many years in investing was I didn’t trust where my money was going, this book with de-bunk all the scams that you’ll want to be aware of in the financial planning world so you invest with confidence in knowing where your money is going and how to maximize your profits.
Think & Grow Rich – Book – Learn More
This was one of the very first books I ever read that taught me how to train my mind to become successful and to work my way into the top 1%. I read it each year as my New Year ritual and I learn new ways of thought each time that have helped my double my income each year for the past 4 years now.
The B-L.A.B. – Come Join Us Here
AKA Build Like A Boss, The B-LAB is Tanya Aliza’s FREE Facebook Mastermind group full of awesome Networkers and Entrepreneurs that are all on a mission to grow their businesses Faster and easier with Online Strategies for prospecting, recruiting and sales. We do themed days of the week, we hold each other accountable and we lift each other up! Come introduce yourself and your business.
Did you get some value from these residual income tips?
I hope you did because each week I put my heart into making sure you get some amazing residual income tips and strategies to rock it in your business while creating a life you love.
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You are a Rock Star!
Question of the week: Do you have a residual income plan in place for you and your family. If you do, share it in the comments below…I’d love to know what it is.
