“There’s NO Such Thing as Residual Income”

Great Article. Thanks!

@The Old Coot Thanks for the clarification of the term residual. Being Dutch are reading this term everywhere I thought that was the correct tern for a steady monthly income. LOL will use the proper word from now on.

@ Bronnamdi, The Old Coot, and Anginetta, Thank you for your very interesting comments. I enjoyed everyone views on the article. I received a comment from someone that I didn't tell anyone how to, "Learn how to invest in residual income systems" Understand that this article was meant to be me blowing off steam because of my mother. I believe that the only way for us to see true residual income we have to think long term and the opportunity must be simple, affordable and easy to duplicate for ev

Hi Bronnamdi,
The two statements are the equivalent of each other. If your incomer is paid to you gross, the fixed costs like tax and insurances must be taken into account if you want to calculate your residual income. With the economy as it is today, many people find that they no longer have an income (residual or otherwise) because what they receive is less than what they have to pay out.

Great article Lonnie. My son turned 18 a year ago and moved from MO to TX. He had to learn the hard way about working to take care of hiself while trying to go to school. It's not easy! I had to teach him that the cell phone company, the utility co and everyone he pays on a monthly basis gets a residual payment every time he pays them to keep their service. It really helped him understand about residual income in his Business.

The title certainly got my attention. However, The Old Coot's definition of residual income also made an interesting reading. He said that residual income "is the income that is left after fixed costs and expenses have been applied". He also said that "Anybody who receives a pay cheque is in receipt of residual income - ie. what is left after taxes and other employer imposed deductions". Now, those statements enclosed in quotation marks are supposed to be the same thing according to The Old Coot

Well. The title certainly caught my attention NOT because it was clever BUT because I got this tingle up and down my spine that an interrnet marketer has a grasp on the truth. How disappointing to read that my initial impression was wrong.
Once again English has been butchered and abused because internet marketing gurus do not have sufficient fluency and facility with the language.
Residual income, for those who care to know, is the income that is left after fixed costs and expenses have been

@Rona If only 50% of the world broke the cycle I don't believe we would be in the economic situation we are in now. But that is only my opinion! It is good to hear that there are others out there that are breaking the cycle.

If you want to get notice you have to use a title that will capture your audience and that you did superbly.
Your mom is just repeating a cycle that she was thought and she believes that she is right. It’s good that you have learned how to break that cycle and are passing it on to your children like I am doing. Suppose the whole world would break the cycle and start educating the kids in the home and in the classroom? Well, maybe 50%! I am very fortunate to have grown up in a home where

Good for you Lonnie! I am sure you will make Mom proud!

@Katrina, Yes you may share this on your blog. I would just love to say... "in your face mom" but I Love her too much to be that mean. One day she will come to me and ask but until then I will be happy continuing to build my residual income.

Great one Lonnie! We all love our parents, but sometimes... and ain't it great to prove the naysayers wrong! I just love it! Life is all about learning how to do it right! And we are learning every day! May I share this on my blog?

Great article! Just Describing The Facts. I like it. Thanks.

Maybe you should get your mother a copy of The Richest Man in Babylon, the ultimate and 2000 year old blueprint to residual income.
Great Post Thanks Lonnie

LOL!!! I didn't realize how much attention this article would get but all I have to say is, "WOW" and thank you for all of your comments. The title struck a nerve with me but I didn't want to vent or argue with my mother. I guess I felt the urge to vent in an article whether anyone read it or not.

A fascinating take on the very wrong (mindset) programing most of us - 99.9999% - have been brought up on. Only 0.0001% of us have, are or will ever recognize the value of residual income. Oh, and before I forget, your title did GRAB my attention. I was going to do some other task but dropped it just to find out what you had to say.

Yes,our money can work for us.

Yes, the title got my attention too. I was going to say what!? Are you fricken kidding me? Anyway, tell your mom I get a residual paycheck every month from my business, and they continue to GROW every month. I will fax her my pay stubs to prove it! LOL (I think you know what I'm talking about Lonnie). ;) I love your writing skills by the way Lonnie. Your super talented. Thanks for getting my attention.

Very creative thinking here Mr Lonnie, liked the article, love the concept.....so only one thing for all of us to do and that is give it a try and see what happens.. Residual Income has been around a long time, and not many people understand it, but if it grows each month, for you doing what you are doing on a daily bases. Then all l know is you have more money coming each and every month....It works....l have seen work and l have it working for me....all that matters....is you try and not inv

Residual income is the major difference between the wealthy and the working class. Great article and by the way, you are blessed with a Good Wife! LOL!