Only One Major Difference Between Taylor Swift And Realtors - Residual Income

When I'm in conversation with someone, whether a warm market prospect or cold lead, I always ask if they are familiar with what residual income really is. Many are familiar with the term but don't quite grasp the power of how residual income works to help people work smarter, not harder.

When I was first introduced to this concept of being paid over and over again, long after putting in the initial time and hard work, my jaw dropped. It was a defining moment for me to take a deep look at my current career as a Residential Real Estate Broker and realize that without residual income, I'd be working to my grave. In Real Estate I'm paid closing to closing and during some months, those closings can be few and far between, depending on interest rates, unemployment, the economy and seasonally slower times of the year. As a realtor, I'm continually prospecting my clients (filing my pipeline) for the next transaction. The prospecting to find clients, whether buyers or sellers, never ends. I look at my own dear father who has been a well-respected, successful Real Estate Broker for a long, long time, yet after 34 years, he still has to continue filing his pipeline and making sure there are many eggs in many baskets to pay the bills. It's a never ending juggling act that can certainly be profitable at times, yet now I'm simultaneously creating an income that pays me whether or not I want to show houses all weekend.

When I describe Residual Income to my prospects, I mention Taylor Swift, the phenomenally successful young Country Music Star. Every time Taylor writes a song, she spends hundreds of hours producing each album before it is released to the public. Initially, she invests a lot of time writing, producing and fine tuning her songs in the studio, and during that time, she is not bringing in the big bucks. Once that album is released to the public, she makes a percentage off of each album sold in a store, downloaded (legally) off the internet for the rest of her life. That's called royalties; a more popular term for residual income, and its recurring income after the initial hard work is invested.

Another example would be world renowned Harry Potter author, J.K. Rowling. Rowling spent years completing Harry Potter, yet after each book she has written, she will continue to be paid the rest of her life as a result of the upfront work involved.

Well known actors, writers, inventors and musicians have residual income, but what about the rest of us? After discovering how residual income benefits people but allowing them to work smarter, not harder, I encourage my prospects to take a look at their current situation. Is their job or career providing them with a recurring income should they choose to stop work working? Do they have goals and dreams that they wish to achieve but can not because they are caught in the rat race of always working and never getting ahead? For me, like many, residual income can be a powerful ticket out of the endless juggling act. I feel blessed to have been educated at the age of 26 about creating an income that will continue to pay me for years to come. I'm now passionate about helping others discover residual income and how it can have a powerful impact on their lives.

By: Devon Combs

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To Your Success, Devon Combs 303-547-0848 devoncombs122@gmail.com Self Branding Webpage My Primary Opportunity