FB-Pic-TempletMy dear friend Lisa Swisher used the term Mailbox Money to me many years ago and it has stuck with me ever since.

What is Mailbox Money? It is simply money that comes to your mailbox regardless of what you did that day to earn it. Other names for this are passive income or residual income.

Money can only come to you from two sources; time and money. You either trade your time for dollars or you take your money and buy assets that create mailbox money like apartment complexes, vending machines, stocks and bonds or other types of income producing assets.

Please listen to my friend Ray Higdon explain residual income in a way that will cause you to think about how to convert your hard work into residual income.

About the Author Michael Lantz (Big Papa)

The Wellness Warrior™; Health & Leadership/Business Coach, Speaker, Blogger, Author, Ironman Triathlete Helping others live with more health and joy, paying for their dreams and make a difference in the world! Learn more: http://HealthIsAHabit.live

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