Residual income is the amount of money left over after necessary expenses and costs have been paid for a period. This concept can be applied to both personal finances and corporate operations. A residual income formula is a means of formulating what you have left after deductions and how to utilise it.
You may be struggling to make ends meet, however, there is always a method to formulate a plan to make money online. The truth is there are real ways to make money online – millions of people are doing it each day. From freelance digital nomads to savvy marketers to rising entrepreneurs.
My residual income formula comes in the form of online training, moreover where I create businesses to make money online. There are millions of training platforms, but very few are free. Searching for a training platform where you can build an online business for free is rare.
Wealthy Affiliate – Build an Online Business for Free
Are you already struggling to make ends meet, moreover fed up with online training that costs too much money? There is always a way out if you are willing to sacrifice the time to build an online business with Wealthy Affiliate.
Imagine being able to build a business with a free website, domain name and indexed in a few days. Also secured with the latest SSL technology. It’s all possible with Wealthy Affiliate who grant you access to free entrepreneur certification training to have a free website up and running within four days.
There are times after debt consolidation much is left to take risks, however, I am here to help you with that so you can start by joining us in one of the world’s largest online affiliate communities for success.
Remember: You don’t need money to test this and have 6 months to upgrade to premium if you wish. This is because Wealthy Affiliate believes an online affiliate business can be earning money in half this time.
This allows you to upgrade, build more businesses, make money and drive sales to start a new life away from debt.
Residual Income Formula & Reasons for Debt
At some time most people have been in debt, however, many have overcome it and become successful. This especially happens when help is needed and someone is there for you to guide you. That person is me and I’m willing to mentor you throughout your membership at Wealthy Affiliate.
What are the main causes of debt?
- Low income or underemployment. …
- Divorce and relationship breakdown. …
- Poor money management. …
- High costs of living. …
- Overuse of credit cards. …
- Unexpected expenses. …
- Declining health and medical expenses. …
- Job loss.
Whatever your reason there is always a feeling of never wanting to make the same mistake twice. That of course is if it was a mistake that lead you into debt. I went through debt consolidation myself and took on the challenge at Wealthy Affiliate and now I own two online businesses.
I joined a community that strives to help each other towards success. That is what makes this residual income formula work. It is a formula that runs alongside a huge community of online affiliate business owners. All you have to do is join and follow the free training.
It’s a simple formula for owning a business that will be built up from the foundations with all the SEO training included. Whatever your reason for debt never feel like you are taking a risk with Wealthy Affiliate.
What is Classed as a Risk when in Debt?
Credit risk—also known as default risk—is the danger associated with borrowing money. That’s the beauty of the training I am offering you because it’s free and there is no credit card required to build your first business.
The causes of debt are when our finances are out of control. Did you know that understanding the “Five C’s of Credit” Familiarizing yourself with the five C’s—capacity, capital, collateral, conditions and character—can help you get a head start on presenting yourself to lenders as a potential borrower.
Five per cent of adults in the UK have unsecured debt equivalent to six months or more of their income when you take into account their financial assets such as their savings, which is commonly used as an indicator of unmanageable debt. This means that a certain risk to overspend has been taken.
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Unmanageable debt can affect people’s welfare, particularly their mental health, and influence their attitudes and how they make decisions. Making the right choices in life is essential as is taking risks. I offer you a no-risk residual income formula to succeed given you have time.
I personally understand the risks for borrowing and have fallen trap of spending too much money that wasn’t mine. I know there are lessons to be learned and sometimes we have to take what seems to be a risk as a challenge such as Wealthy Affiliate.
Don’t worry because there is no need to reach out to finance your business with WA until you are making sales. This is where you may expand and venture into more advertising opportunities for your business to gain referrals to make even more money. That is why I have introduced you to Wealthy Affiliate.
How Can I Make Money with Wealthy Affiliate
Once you are a member of the Wealthy Affiliate platform you will become acquainted with the BootCamp training. This is where you learn to make money for advertising WA.
I would love you to follow me into training to learn more, however, first I need your confidence. By joining Wealthy Affiliate you will become a business owner and this is vital. You must treat it like a business to make money.
Think about professionalism and how rich people in the past have made their money. All successful business owners have worked hard because success means never giving in. This is the methodology that outlines your training at WA.
Once you have your first website up and running you should be proud. Every step taken within the training is to fast track you towards success. I upgraded to premier within 2 weeks of training to receive a whole array of training. Now my business pays for itself.
Below is a breakdown of the referral payments for members at Wealthy Affiliate with some of the best payments in the industry. You only need to get around 4 premium referrals for the first month to pay for your premium plus memembership where you can build many businesses.
The 20 Step Affiliate Marketing Game-Changer.
A small part of my business also revolves around training, therefore, not only do I receive training at WA I get to collate training courses for you. The 20 Step Affiliate Marketing Game-Changer covers much about what you will learn in Wealthy Affiliate.
You can take a few minutes learning about algorithms or SEO and learn much more given you have time to read my training. I always think it runs alongside the training at WA and compliments what I have learned from their training.
The Final Word for Motivation
I am here to transfer your debt into a full-time online business, moreover, I will help you succeed. You will be with me every step of the way inside the platform at WA if needed. I am always available to answer questions.
If you are in debt don’t consider reaching for your credit card at the moment there simply is no need. I will transform your debt into equity and help you become successful given you really knuckle down to complete all tasks in the free training.
There is nothing better than watching new members become successful. Those exact members know it’s not easy and it’s not a get rich quick venture, however, does work. There are hundreds of success stories outlined in WA to teach you how it’s done.
All you have to do is associate your membership with Wealthy Affiliate as risk-free placing your finances in a better light. If you need more answers or require assistance please leave a comment below and I will answer.