“There’s NO Such Thing as Residual Income”

Posted by Lonnie Niver
8
Jun 29, 2011
2372 Views

Did the heading get your attention?

Good, because this is what people tell us as children and we pass it on to our children (except for me NOW). It’s a never ending cycle that only a few have learned to break. It bugs the hell out of me that all of us have been taught this ridiculous propaganda.

My mom came to Michigan to visit. It is nice to see her again but even at 42 years old she is still pushing on me that “There is no such thing as residual income”. She came over last night to take us out for ice cream. When we return to my house to visit some more we got on the subject of making money. The conversation started out talking about my eldest son wanting to move out of the house but I don’t think he is ready. I want to teach him how to create residual income for himself at a young age but he doesn’t want to listen. Typical teen!

Mom makes a comment that there is no such thing as residual income. My son is best just to be educated and get a good job. My son is going to school to be a male nurse and that I am proud of him for. He wants to do something he loves and I don’t want to discourage him from that. But I also believe he should learn how to control the money he does make.

Dave Ramsey is right, our education system is all messed up. they teach our children everything except how to control money. I told my mom I was going to make residual income for my family. I looked over to my wife and she supported me by saying, “you do it baby”. We are fed that education is the best and that is the only way to success. I want to vomit every time I hear of this or think of it.

We live in a world where the rich get richer because the poor work for the rich. We have to get control of our lives, our finances and start thinking for ourselves. Learn how to invest in residual income systems. Make money work for us instead of us working to make money.

Thanks for reading,

Written by Lonnie Niver

16 people like it
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Comments (24)
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Otoabasi Umonting
7

Marketing Consultant & Coach

The whole concept of school was to training people to become loyal employees. These people don't have control of anything, and they are the ones that get taxed the most. It's quite disheartening. I had my dad drum down my ears to get back to school, because a second degree or masters was necessary in today's world; I love him, but I had to ignore him. I agree with you here Lonnie, thanks for drawing me in too (lol; just like Paula, I was coming in to disagree). Well done.

Jun 29, 2011 Like it
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Cheryl Baumgartner
12

Medical Billing/Coding/Insurance

Lonnie we do not have an 'educational' system, we have an 'indoctrination' system. Actually Dave Ramsey is wrong, our educational system is working perfectly. The Prussian educational system which our educational system is based on was never meant to do anything except indoctrinate students to conform to governmental standards. In this case to be a 'worker' with a defined place within the corporate machine.

Jun 29, 2011 Like it
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Paula van Dun
16

Retired

LOL your title did draw my attention; I immediately clicked it because I wanted to comment that I disagree. Nice teaser. I totally agree with the last paragraph "We have to get control of our lives, our finances and start thinking for ourselves. Learn how to invest in residual income systems. Make money work for us instead of us working to make money." It can be done. And you are right that parents should teach their children to budget their money and learn the value of money. I started that whe

Jun 29, 2011 Like it
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Marvin Williams
12

Success4Life.ws

Great article Lonnie... Its hard to break old habits... Seems like 90% of the baby boomers still think that way..

Jun 29, 2011 Like it
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