Summary: Did I mention that we love podcasting?? There is something really exciting about connecting with an audience in that way and we want to keep bringing you that content as soon as we can. In fact, we want the podcast to be a biweekly show released on Thursdays, but we were so pumped about the podcast we went ahead and released another one a week apart from the first one. Of course, at the risk of everyone getting tired of us really, really fast. Please note that from now on we will be sticking to the biweekly format unless there is just an irresistible demand to have the podcast be weekly. What is the Residual Income Formula? Is this one of those "make money with no work in three days" kind of thing? It certainly is not. Earning residual income is a process and it takes time to mature a residual income stream. We will be using the "Residual Income Formula" as a short cut to refer to when a person really takes that first step in beginning a residual income stream. Why start the Residual Income Formula? The only way that you can start to see full time results with a part time effort is if you begin the formula. Thinking about residual income or that if you just have a little more preparation you will be able to dive in is a myth. There is no day like today to start. In fact if you don't start today, like me you will risk never starting. How can you start the Residual Income Formula? You definitely want to set apart some time in your day to focus on one residual income stream that interests you the most. That could be penny stocks, real estate, buying a website, affiliate marketing, and many other things. The point isn't that you pick the "right" one to start with but that you start with the right one for you. Every one has different time budgets and financial budgets. However even if your plan to get started is conservative with your time or finances then that is better then not having a plan at all. Identify the steps to implement your residual income stream that works best for you and set aside the time of day to make that a reality. We will talk about how to optimize and improve that source of residual income in a later episode. I hope you all enjoyed the second podcast and if you would like to keep in touch sign up for our email list or email both Chris and I at commets@residualincomelife.com Thanks for listening and giving us a rating in iTunes if you have a moment! -Austin
