This is a great example of residual income in real life. I was reading a newspaper on the train home from work tonight when I saw an article about Britney Spears and what she earns on average every month. Since her split to Kevin Federline, she has had to reveal her income to the Courts. The following is an extract from the newspaper article:
“Britney Spears is raking in £370,000 a month – more than £4million a year – despite not having had a hit song for three years. The troubled star’s last success was her 2004 Greatest Hits album and her last UK No 1 was Everytime in the same year.
Spears continued earnings power, from royalties, interest on her £65million fortune and income from her perfumes Curious and Fantasy, was revealed in court documents filed in her battle against ex-husband Kevin Federline for custody of their two children. The papers show that she still forks out £10,000 a month to K-Fed, even though they split last year.”
What really got my attention about this article had nothing to do with either Britney Spears or Kevin Federline, as frankly I don’t really care about the daily lives of celebrities, but it was the £370,000 a month residual income that Britney earns.
Britney has not had a hit song for three years, yet she is still making £370,000 a month! Do you think she works 09:00 to 17:00 like most employees? Not likely and if you’ve been keeping an eye on the papers you’d have noticed that she has in fact been here there and everywhere partying it up. How is it then that she is making so much money every month yet she is not working?
That my friends, is Residual Income!
Britney is being paid month after month for work she has done once! For each of her hit songs she receives royalties. She earns interest on her amassed fortune and returns on any investments and she has been clever enough (or her agents/managers have) to profit from her own brand and sell perfume.
Can only celebrities earn residual income? Nope, anybody can!
Obviously we can’t all go out there and release a chart topping song, but we can all increase our residual incomes, slowly at first but eventually, there is no reason why each one of us can’t be earning the same, if not more than Britney. There are a number of ways we can do this:
Start your own business – leverage off the efforts of other people.
Real Estate Investment – Leverage off other people’s money as they pay off your mortgage.
Buy Assets – leverage off the growth of shares, property, special minerals etc.
It’s not going to be easy to start off with, and there will be a steep learning curve, but once you master these abilities, you will benefit by being paid month after month for work you have done once – Financial Freedom!