Why Everyone Needs Residual Income

Repost: Do you know that your salary is an illusion? Let me teach you some basic math: $50,000 a year. After taxes you only get about $37,500, mortgage or rent about $1,000. Your new cashflow is 37,500-12,000= $25,500. One brand new car with an average car payment of $300 and your insurance about $200. Your new cashflow is 25,500-6,000= $19,500 a year. Let's talk about food with a minimum of $400.00 a month. Your new cashflow is 19,500-4,800= $14,700. I did not even include gas, eating out, daycare, utilities, cell phone etc... So the next time you want to apply for a credit or add a new expense to your monthly budget, think about this post. Stop believing the lie, your cashflow is not $50,000 a year, your cashflow is way under $15,000 a year. This is why you wonder how in the world your check is gone in less than 48 hrs every time you get paid. You need to start your own business. It will be very hard to make it with a job even if you have 3 jobs. If you do not know now you know.