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A Variety Of Ways That Anyone Can Create Residual Income

Residual income is not just for those interested in marketing. In fact, there are so many opportunities to create income that anyone can find a way they like. MLM's are not the first residual income opportunity. In fact, residual income has been around for a long time. The following list explains different ways to create residual income that have been around long before MLM's.

1. Try becoming part of the entertainment sector. Many people do not realize it but opportunities are very prevalent in the main stream entertainment world. Many entertainment industry jobs are nothing but residual income. Write a book, act in a television show or record a record to make residual income. A person usually sells their product to a producer or publisher who in turn pays them every time someone buys, watches or hears their creation.

2. Cash in on what you already have. Oil wells are potential for enormous income. Let an oil company drill on your land, if they find oil you get a cut of their profits. Everyone knows what kind of money people in the oil business make, so why not take a chance. The best part is there is no work on your part at all. What better opportunity is there?

3. Get into real estate. Real estate is another big money maker. Many people have made their riches off buying property or land. Buy an apartment complex and get the monthly rent from tenants. Or buy a piece of land and let someone build there for a lot rent.

4. Invest money. Investments do not even have to be anything big. A person who owns a savings account is already earning through interest. There are other accounts that pay out much larger percentages of interest. Stocks are another investment opportunity. Talk to an investment professional about it to get the best opportunities.

While these opportunities may seem like a long shot, they are opportunities nonetheless. Many people have succeeded in these types of opportunities. Anything is possible if a person has the drive and dedication. For those looking for something different, one of the above ideas is a great place to start to create residual income.

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Online Entertainment - The Great Escape Or Your Worst Nightmare

The internet is people's escape. They deal with traffic on the highway, they work all day (which they may completely resent), fight through even worse traffic on the way home, always have household chores to deal with, bills to worry about and are constantly looking for a distraction. Enter the world of entertainment.

Let's consider entertainment on the internet for a moment as there is an abundance of it and absolutely dwarfs anything that major television networks can possibly produce. Unfortunately, a vast majority of internet entertainment is rather mindless and does not contribute significant VALUE to people's lives.

For example, most people would be horrified to view some of the most subscribed channels on YouTube. The number one channel of all time is a young kid that just happened to be talking about passing gas as of March 14, 2010. From there, it just continues to get worse. The second most subscribed channel of all time is a pre-teen who cranks up the speed of his speech to emulate a slightly more annoying Alvin and the Chipmunks. Feel free to view the videos if you dare.

...This is what people are entertained by now?

Consider this: AC Nielson Company, a global market research center, reported that Americans in particular watch approximately 250 billion hours of television a year. Scary, huh? Now think about if people actually put a fraction of that time to use. If television were obsolete and people worked part-time instead for $5.00 an hour (which is essentially half of minimum wage), $1.25 trillion would be generated per year.

We all need entertainment but how is watching television or viewing the "entertainment" which is so prevalent online helping you and your family get ahead? Pretty simple: it's not. We all have passions in life and have significant value that we can provide others if we just take the time to discover what it is that we have to offer and put in the hard work and energy to make it manifest.

The bottom line being that the time that you create to escape from your daily responsibilities is best spent on activities that will help you improve as a person and contribute more effectively for your family. If you want to start monetizing your passions; consider blogging. You'll be glad that you did.

I take pride in writing all of my articles without any automation or outsourcing. It would be an honor if you would contribute your feedback and comments.

Brooks Brizendine invites you to learn how to identify your passions in life and how to create a profitable blog based on what excites you at [http://www.brooksbrizendine.com]http://www.brooksbrizendine.com. You will also learn how to utilize social bookmarking, social media and social networking to drive substantial traffic to your newly created blog! If you are serious about expanding your skills set and improving your life, enroll in the free blogging e-course today at [http://www.brooksbrizendine.com]http://www.brooksbrizendine.com.

(c) Copyright - Brooks Brizendine. All Rights Reserved Worldwide.

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