Have You Found Ways to Continue Earning When You Stop Working?

We spend a good portion of our active and productive lives working hard to meet our daily needs. Meanwhile, we fail to make provisions for a time when we may not be able to work to earn money again. It is certain that at one point or another, due to old age, retirement, downsizing, disruption by Artificial Intelligence, etc. we may not be able to work to earn money.

So many are putting their hopes on the pension and gratuity that will accrue to them when they retire from active work. The question is, for how long can these retirement benefits sustain them and their families, without a system in place to channel these benefits and get instant returns?

These backgrounds emphasize the need for a side venture that will create residual income (income you make when you stop working), now that we are working.

There are few ventures today that can offer you residual income. These ventures require that you invest your energy, time and resources, once, to build or acquire them and then you reap the benefits, thereafter. Examples of such ventures include:

1. Real estate
2. Shares/stocks/mutual funds
3. Business network development
4. Franchise
5. Royalties on written books, music, etc.
6. Blogging

For a better understanding of this exposition, I suggest that everyone should read:The Parable of the Pipeline by Burke Hedges.