Economist Hyman Minsky – Economic Crises Inevitable

G’day, folks! Today, I’m going to begin a series of posts centered around setting up a blog for bringing in some residual income. I’ll begin by answering the question of why one would want to go through the trouble of doing this… residual income offers us the promise of a maximum return on our investment. In this case, our investment is our time, and our return is financial freedom! This isn’t a foreign concept–most of us are used to the idea of getting paid for our time. The only problem is, many of us are spending 60 hours per week or more working for a fixed income. Residual income gives us a better way–it gives us a way to make money while we do nothing! Sure, you have to do some work up-front… but once that work is done, you can sit back and watch the money roll in. For more information on this topic, I’d suggest reading The 4-Hour Workweek. It’s really a great read! (I do receive a small amount of affiliate income from purchases made through this site, but I will NOT promote products that I do not believe are quality and worthwhile). This book covers the essentials of what residual income is all about and how to attain financial freedom in today’s economy. If you don’t trust my recommendation, check out this thorough review of The 4-Hour Workweek from one of my favorite blogs, Get Rich Slowly. Decide for yourself. Once you’re convinced it’s worth your time to pursue one or more avenues of residual income (you’re probably already pursuing some of them, i.e. investing in the stock market, interest earned through your savings account, etc.), come back to my blog and check out Part 2 of this post, where I’ll begin to explain how you can set up your own blog and get paid a residual income for simply expressing your own opinions on a subject of your choosing. Thanks for reading!