Information » edit card issuers will waive the charges

When people mention income Chris Paul Kids Jersey , most of the time they think of salary, and they would not be wrong. Our life has become a cycle of working, earning and spending just enough so that we get by, and there is nothing wrong with that. Even before we were born, that cycle was already in place Ryan Anderson Youth Jersey , and it was the cycle that we were introduced to and most likely are comfortable with. In the past few decades though, the term "residual income" has also come into the limelight, and people are curious about it, and rightly so. Residual income offers the possibility of earning more and ensuring the chances of retiring to a comfortable lifestyle.

Residual vs. Salary

So what is residual income? It is earnings known also by a few other names such as recurring or passive income. It is the type of income that continues on earning even after you are done investing the time needed to complete the work. Let us say your work is project based, but it pays residual income Eric Gordon Youth Jersey , and you have three projects in succession. As you continue to work on the second project, the first will continue to earn money so your earnings increase and even compound over time.

How is this different from a salary? A salary is a payment based on how much work you put in. Let us say you have a job that has you working eight hours a day. You will be paid on an hourly basis, and the options to increase your income would be limited. You would either have to earn a merit increase that would increase your hourly earnings, or get a promotion. You will also have the option of getting another job as well, but that would just take away more hours from your personal life.

Debunking the Theories of Residual Income

Because of the way it works Trevor Ariza Youth Jersey , people believe that residual income is a magic formula that one can apply at any time in order to get rich quick without doing much work. Both ideas: getting rich quick and not working much are wrong and need to be corrected. When you wish to use the idea of residual income, you have to plan ahead in order to get your idea of the ground, and then work to make sure that the business will sustain itself. It will take a lot of time before you can start seeing the fruits of your labor.

Sources of Residual Income

There are a lot of ways that one can earn residual income. The more common example would be writing a book, because royalties will continue to be earned as long as the copyright belongs to you. Then there are the investments such as the purchase of land and then renting it out. It will provide you with earnings, which you can further use to invest in stocks and bonds. Nowadays there is also the concept of multi-level marketing Hakeem Olajuwon Youth Jersey , which allows people to sell goods to others as well as convince others to sell the same goods. If one person recruits a few more people to sell the same goods, the recruiter gets a cut off the sales of his recruits.

Some people think that the idea of residual income is too good to be true. To some extent, that is so. But it really is an investment of time and money so that this would later on translate into security for yourself and your loved ones. The more time and effort you invest, the greater the returns you will have after the years of work, and you will get it with interest.

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Small Business Credit Card Perks
Posted by nick_niesen on October 29th James Harden Youth Jersey , 2010


Business credit cards for businesses in general, and for small business in particular, have become increasingly popular as more and more businesses started realizing the benefits. It might be good to review the type of perks business credit cards afford their users, as well as the other beneficial features offered by small business credit cards.


The small business owner should always remember to compare the costs versus the benefits of their business credit card. After all, every benefit will come with a cost attached to it Chris Paul Youth Jersey , and there may be instances where the benefits from the perks do not offset the higher costs in fees or interest rates. Most business credit cards carry the following perks:


Frequent Flyer Miles Credit Cards: As in personal credit cards, travel points and awards are very popular perks for business credit cards. You will love this perk if you do a lot of business traveling, because every time you use your business credit card, frequent flyer miles are earned. Be aware that some cards impose a ceiling on the number of miles you can accumulate, so remember to check this with your business credit card issuer.


Cash Back Credit Cards: Cash back features form a part of many business credit cards聮 perks. Since a business uses business credit cards for purchases and other necessary expenditures anyway Ryan Anderson Womens Jersey , the cash back feature is both welcome and useful. As is the case with mileage credits, there may be limits imposed on the cash rewards the business credit card may accrue. Make a point of verifying the limits on your card.


Issuing Business Credit Cards to Employees: Most business credit card issuers will allow extension cards to be issued to your employees. Employees enjoy the conveniences a business credit card affords them, because it does away with having to get reimbursements for expenses they incur on behalf of the company. The knowledge that you trust them with a business credit card, also serves to make them feel respected and worthy. The advantage to you is that it will be much easier to track employee spending.


Tracking Expenses: As part of their service, the card issuer often provides management reports on the expenses charged to the business credit card. This detailed listing already arranges spending into categories. This is very helpful in preparing your financial statements and business taxes.


No Annual Credit Card Fees: Some business credit card issuers will waive the charges for annual credit card fees. The amount can be lesale Jerseys From China[/url] Wholesale Authentic Jerseys Wholesale Soccer Jerseys Wholesale NHL Jerseys China Wholesale NFL Jerseys From China Wholesale Authentic NBA Jerseys Wholesale Basketball Jerseys