It’s time for us to hear from financial Health Coach Chris Folland who’s dipping into the question – is location-independent residual income really possible?
Over to Chris…
This question is really asking us is it possible to live where we want in the world and have residual income?
The answer is yes.
The next question is how do we do it?
When we’re thinking about the types of cash flow opportunities, there are basically 4 categories – being employed or self-employed, which are the most common, or via a big business (500+ employees) or investing and residual income, which is where the substantial money lies.
The key to residual income is that it allows you to work less (or not at all) and still have money coming in to cover your expenses (plus some).
The starting point is to save enough cash to create a residual income opportunity. 1
It’s simple to say, of course, but it’s also actually possible – especially when we find and apply the guidance from the right mentor.
Now, while I often focus on financial topics, Fi herself is success-savvy when it comes to business opportunities. Although don’t take my word for it, just message me for a low-key chat with myself or Fi.
Wishing you a fantastic day ahead, and it’ll be great to see you on this week’s #AliveWithFi when we dig in further to this topic of residual income 🙂
1 If you’re wondering how to create financial freedom, just “ask any investor about the key to generating wealth, and they’ll tell you it’s through building residual income streams. The most successful investors operate on this model – have your money work for you, rather than work for your money.” So, “take your curiosity and use it to educate yourself on the strategies the wealthy use to create residual income streams.”
What is Residual Income & Why is it Important for Building Wealth? (moneycheck.com)
“What is Residual Income & Why is it Important for Building Wealth?”
O. Dale, (2020)
Fi Jamieson-Folland D.O., I.N.H.C., is The LifeStyle Aligner. She’s an experienced practitioner since 1992 in Europe, Asia and New Zealand as a qualified Osteopath, Integrative Nutrition Health Coach, speaker, educator, writer, certified raw vegan gluten-free chef, and Health Brand Ambassador.
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