Duncan Nugget #25: Dollars and Sense
Aug
This is how most people think: I’ll trade some time for some dollars. Every time I do a task, project, or something similar I get paid for it.
This is how entrepreneurial minded people think: How can I do something once and keep getting paid for it even if I NEVER do it again?
That’s called residual income. Residual income, doing something once but getting paid for it over and over, is one of the secrets of financial freedom.
Examples: royalties from writing a book, making a film, recording an audio program or song, or building an ecommerce website.
Posted by Al Duncan
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Books & Posters
The Leading Soft Skills Training Program for STEM Students. Check out S3TEM.com
The 5 Soft Skills Clusters
Click here for a list of soft skills definitions, and behavioral indicators.
