How to Grow Rich by Creating Multiple Streams of Residual Income
By Praveen Kumar & Prashant Kumar
- Release Date: 2014-06-12
- Genre: Personal Finance
Description
You can find financial freedom and become seriously rich by simply understanding the phenomenal power of creating multiple streams of residual income.
There is a saying that “The key to wealth and happiness in today’s world is to create multiple streams of income using diverse models and combination of passive and active income in areas where your passions and talents can be most thoroughly engaged.”
Most of us start making money through a job where we trade our hours for money. The trick to real wealth is to slowly change our income source from linear or work income to residual income were money works for us.
In this book bestselling author Praveen Kumar explains how to shift from linear income to creating multiple sources of residual income that will sustain your family wealth for generations.
This book will explain the following vital aspects of creating multiple streams of residual income:
*What is the problem with linear income and why residual income is important?
*Categories of Residual Income
*Steps to create residual income
*Real estate as basis of residual income
*Some great passive income ideas
*How to create online residual income
*The problems in creating multiple streams of residual income
*The wrong way to create multiple streams of residual income
*The right way to create multiple streams of residual income
*Practical steps to creating multiple streams of residual income
Once you read this book you will learn how the rich create their wealth and sustain it for generations. The good part is so can you?
Grab this book at the introduction price before it goes up.
Most Helpful Customer Reviews
5.0 out of 5 stars Make this simple idea the bedrock of your financial freedom March 4, 2012
By Richard Stooker
Format:Kindle Edition|Verified Purchase
Most people are financial slaves because they trade their time for freedom. The heart surgeon gets paid a lot more for their time than the McDonald's team member, but the principle is the same.
Freedom lies in creating residual income.
I recommend focusing on one residual income business, build it up, and start investing for income when you can afford to do so.
5.0 out of 5 stars Clear Outline of Multiple Streams of Income March 3, 2012
By Grace Darby
Format:Kindle Edition|Verified Purchase
I have just finished reading this book and it is an absolute eye opener on how to create long term wealth that will last for generations.
It not only explains the importance of creating residual income that many books teach but also gives practical ideas and steps to on how to create residual income.
I specially liked the chapters on the 'Wrong Way' and the' Right Way' to create multiple streams of income. There are so many foolish people out there who are touting "Get Rich Quick" schemes. This is a well thought out book about creating income sensibly for the long term.
This is a must read book for any one serious about seeking financial freedom as it lays down the blue print for creating long term wealth.
5.0 out of 5 stars How to Grow Rich March 5, 2012
By George J Barendse
Multiple streams are likely to bring in more revenue and will increase opportunities for residual income. A successful online business is an online business that works for the online business owner through multiple steady flowing streams of income, and what is more important, substantial residual income.
These tips are helpful but to receive complete and comprehensive information, ONLY this Ebook "How to Grow Rich by Creating Multiple Streams of Residual Income " will give you the needed knowledge to become successful ---buy it!