Residual income creates freedom

Every day millions of people leave their homes in search of financial freedom. You know—that's when your residual income is more than your expenses. In other words, if you are earning $100 a day and expending $99 a day, then you are effectively financially free by $1. That's a simple example, but you get the gist.

When it comes to financial freedom is impossible to have the conversation without talking about residual income. Residual income is income that's continoulsy generated after an initial investment of time, money and effort. And, when your residual income exceeds your expenses you no longer have to go to work. You can choose to work, but you don't have to show up if you don't want to.

That's the power of financial freedom. You are free (so to speak).

In our society, a doctor, general contractor and teacher are mainstays in the workforce. In my weekly presentations in New York, I share a very interesting slide that depicts these three conventional professions in very unconventional ways.

For example, the doctor makes $250,000 a year; has $450,000 in combined assets and $0 residual income or investment income. The contractor makes $86,000 a year; owns $1,000,000 in raw land (but it's only worth as much as the buyer is willing to pay); and like the doctor, he has no residual income or investment income. The teacher makes the least among the three—$40,000. Yet, she has 12 flipped properties and two rental properties; earns $4,000 per month residual income (after all the bills are paid); and has $450,000 in investment income—as much as the doctor's combined assets.

How is this possible? How can the teacher have such leverage with her salary? And, why are the doctor and contractor doing better? In fact, you can make the case that the doctor and contractor are simply broke on a higher level.

The truth of the matter is that residual income creates freedom (like the teacher in the example above). In America, freedom comes in three ways:

1. EARNED INCOME. Some people refer to earned income as a job. Others like to joke that a job is Just Over Broke. Still, others refer to it as the 40-40-40 scam: work for 40 hours a day for 40 years and pay approximately 40% in taxes. Regardless of what its called, it's W2 income. You have to pay taxes on that income before you can start living.

2. NET WORTH. A portion of earned income is diverted to your net worth. This includes investments such as a Roth IRA, home equity line of crdit (HELOC), and other savings. The problem with net worth money is that it must be converted to cash before it can be used to solve tangible problems (such as a leaky roof). To tap into your net worth funds the government requires you to fill out a few forms; wait about seven days to receive the funds; and pay a hefty tax if you're not yet 59 and a half years old.

3. RESIDUAL INCOME. Residual income is what I like to call the source of true financial freedom. This is also referred to as mailbox money because it comes into your mailbox (or bank account) on a regular basis—uninterrupted. And the funds are available immediately for your personal pleasure.

One of the best ways to create residual income is through self-publishing. Our Ultimate Publishing System™ is the market leader in assisted self-publishing, and we are proud to be the ONLY company who refuses to charge royalties.

Ultimate Better World Solutions has also partnered with a variety of very smart individuals to bring residual income producing opportunities that are all first rate performers in their respective industries. For example, real estate investing is the holy grail. It requires a team, capital and credit.

We have the team of experts ready to roll up their sleeves to do the heavy lifting in real estate investing. Our clients and partners typically bring the capital and credit. If they don't have the capital we can use their FICO score of 680 or more to invest in done-for-you real estate. And, in case their credit score is not where it should be, we have the team of credit attorneys to restore their credit in 45-90 days. Everything you need to start generating residual income can be found right here at Ultimate Better World Solutions.

If you don’t know where to start or how to take the first step, contact me, Ricardo A. Black, MBA at 646-248-8644,, or book an appointment right on my calendar for a no-obligation, one-on-one conversation.

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