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Money Habit #12 – Residual Income – A Requirement for Wealth Building

No matter how hard you work, you have only so many hours in the day. 

A surgeon making $1,000/hour, still has just 24 hours and cannot work all of them. 

If you are trading your time for hourly dollars as your only source of income, you’ll never get wealthy – or it will take you many years. 

You need to make money when you’re not working, when you’re not there, when you’re traveling over the globe. 

Wealthy people have figured out a way to do this and generate residual income. 

Network marketing provides that – you are duplicating yourself by hiring others to do what you do. 

Franchising a business, collecting rental income from real estate, or receiving royalties from something you’ve written are all ways to generate residual income.

Habit #13 next, Budgeting

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