Teaching Residual Income

 
 

 Hi, my name is Mark Caudill and I created this website as part of a training program that I created to teach people how to build a life time residual income.

My goal is to teach people how to build a life time residual using an affiliate membership program called The Income For Life Affiliate Membership Program. 

I believe everyone should know how to build a life time residual income.

The things I will be teaching at this website I learned by reading Robert Kiyosaki's books. In Robert's books he calls this type of income passive income.

Residual income and passive income are basically the same thing but I just think people will have an easier time understanding the word residual because our bills and expenses are residual.

Most of our bills are monthly residual or recurring bills. My goal is to teach people how to build a monthly residual or recurring profit based income that will pay all their bills.

The reason for wanting to teach people this is because if you have a monthly residual income that pays all your monthly residual bills you can retire from your hourly paying job and be financially free.

Financial freedom will give you the freedom to life your life on your own terms. 

This is a picture I took of a board game that Robert Kiyosaki created to help people learn how to understand passive and residual income. I think the game is a great tool for teaching and is a lot of fun to play. I will be using this game as a tool to teach people how to escape the rat race of working a regular job.

The circle in the middle of the game board represents the rat race of working a regular hourly paying job. The reason Robert calls it the rat race is because day after day, week after week, month after month and year after year we have to go to work so we can earn a paycheck. In most cases and jobs the paycheck is so small it barely pays the bills. That is why most Americans are living paycheck to paycheck. For most Americans this cycle of working day after day, week after week, month after month and year after year continues for their whole life until they can retire.

"How To Get Out Of The Rat Race"

In the game and in real life the only way to get out of the rat race is to have passive or residual income. In the game as you move around the board you land on spots where you have the opportunity to buy big deals and small deals. If you can afford the deals and buy them your passive income grows. Once your passive income is greater than you monthly bills you escape the rat race and get to move to the fast track.

The fast track is the big track that goes around the word CASHFLOW. The fast track represents being rich and wealthy with enough passive income to buy any type of investment or business that you want.

The goal of most of us ordinary people is to retire with enough passive or residual income to be financially free to live life on our on terms.

Why Teach

Life Time Residual Income?

My motivation for wanting to teach life time residual income started back in 2010 after the recession had caused me to have to file bankruptcy. Millions of American's were effected by the recession in a bad way. The recession mainly effected working class American's that worked for their income by the hour. The recession did not effect the American's that earn passive and residual income. I am a reader and learned this by reading content by people who publish articles on the economy and personal finances.

The fact is we still have millions of working class Americans living paycheck to paycheck. Most hourly wage jobs don't pay enough to live a decent life or to save for retirement. My goal is to provide the training needed for these people to learn how to build a life time residual income in their spare time. 

Business Systems

And Business Models

In the board game and in real life the only way to build up enough passive income to escape the rat race is to learn how to use business systems and business models. There are hundreds of different kinds of business systems and business models that can be used to build up the passive income. My goal is to teach you about a very simple internet business system. The business system that I will teach to you is based on 8th grade math and can be done in your spare time. Everything you will need to learn I can teach you in less than 5 hours. The internet business system is based on profit and revenue sharing. The reason it can be a spare time business is the business model is a shared work load business model. Each person only does a small share of the work in this business model. You will learn how this all works on the following pages in the training manual.

Profits Are Better Than Wages

Profits are a lot better than wages. I will teach you how to build a profit based income that will grow to be a lot bigger then your wage based income.

Hourly wage based income is a very limited type of income for a lot of reasons. First off you have no control over how much you get paid for each hour you work. Second there is only 24 hours in each day and you can only work 8 to 12 depending on where you work.

A profit based income is better because it can grow to be very large and is not based on the time you put into working for it. I will show you how passive and residual income work using the game CASHFLOW. I will show you the best type of business system and business model for escaping the rat race.

Teaching Entrepreneurship

I have read 100's of books on entrepreneurship but the only ones that have real knowledge from a real entrepreneur is the books I have read by Robert.

His first book RichDad PoorDad taught me so much about the different educations that parents give their kids about money.

The sub title of the book is an eye opener for a lot of people.

This is the sub title,{ What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! }

In the book he writes about the different things the rich teach their kids that the poor and middle class don't.

To make a long story short the rich teach their kids to build or buy businesses to earn passive and residual income for them so they don't have to get a job and work for money. 

The poor parents teach their kids to be poor and the middle class parents teach their kids to get a job and work hard for money their whole life and if they are lucky retire around the age of 65.

Rich kids are taught to not get a job and work for money because their time and life are worth more then money. Rich kids are taught to build or buy businesses because it is better to earn a profit based income then it is to earn a wage based income.

Profit based incomes create financial freedom and security and become a lot larger then any wage based income.

With passive and residual income you can retire as soon as your income is larger than your monthly bills. 

The sub title of the CASHFLOW QUADRANT book is,{ RichDad's Guide to Financial Freedom }.

Financial Freedom is what everyone should want. 

Passive and Residual Income

In his book called CASHFLOW QUADRANT he goes into even more detail on the financial education that the rich teach their kids. In this book he is teaching us how we can use this financial education to create real wealth for our selfies.

In chapter 4 he writes about a business system that we as ordinary working class people can use to escape the rat race. He even goes into detail about how the business system works by telling the story of how a friend of his used the business system to help working class people build a passive income of their own. 

In the story Robert's friend setup a training center to teach people how to build a life time passive income using the type of business system that is designed for people who want to build a life time passive income.

When you read the story Robert describes how he did this type of work, he did two training's each month on the weekends. So he only worked two days of the month for a few hours.

If Robert's friend was teaching people to do the same type of work then he was teaching them they only needed to work a few hours a month to build a life time passive income. The reason they all only had to work a few hours a month is because the business model is based on sharing the work load where each person only has to do a small share of the work. The way this type of business system works is each person earns a share of the profits and revenue for doing a small share of the work. The profits that each person earns grows as more people are trained and the income becomes a life time passive income. 

When fans of Robert's books and board game CASHFLOW open a training center to do the same thing Robert's friend did we call it a CASHFLOW CLUB

CASHFLOW CLUB

These two books were written by Robert for people who setup a training center to teach passive and residual income like his friend did.

There are a lot of Robert's fans who find it important to help people learn how to build passive and residual income.

The Mission

The mission of a CASHFLOW CLUB is to teach people how to build a life time passive or residual income in their spare time.

Team and Leadership

One of the goals of a CASHFLOW CLUB is to teach people to practice personal leadership and how to build a team.

In this type of business system each person only has to build a small team because the system is based on sharing the work load.  

Cashflow, Communication, The System, Legal

In Roberts teaching on the B & I triangle everything involved in owning and operating any type of business is more important then the actual product or service of the business.

The two books on the right were both written for people who run a CASHFLOW CLUB training center. These are very good books with a lot of good education from Robert and Kim Kiyosaki. 

When deciding on the company to use in a CASHFLOW CLUB training center the B&I Triangle is a great tool to use.

Robert's rich dad taught him this and Robert teaches how it works in a few of his books. 

When you look at this triangle it is illustrating that the product has the least amount of importance in a business. That is especially true in a CASHFLOW CLUB training center.

The goal is to teach people how to use the business system to build a life time residual income in their spare time, so we don't want to spend much time talking about a product. 

Teach People How To Become Rich

Robert's goal in starting the RichDad Education Company was to teach people how to become rich. The book above was written for CASHFLOW CLUBS, it comes with 3 DVD's of a Robert and his team teaching Robert's style of financial education.

Teaching Is A Business

Robert and his team are in the business of teaching and they want us fans to become teachers as well. By using the education taught in Robert's books we can become rich and help a lot of other people become rich.

This book has a diagram in it that I find very useful, it illustrates how real learning works. This diagram is in several of Robert's books. Look it over and think about how you learn, also think about how you think other people learn. It say's the best way to learn is to practice what you want to learn in real life. 

Doing The Real Thing

If you are going to learn to become rich by starting a business you have to learn the skills and start doing the work. 

Before You Quit Your Job

This is a good book to read if you are wanting to build a B quadrant business. Most people have a job so they will have to devote the time and energy into starting the business while they are still working at a job. 

Becoming a teacher in a CASHFLOW CLUB is a great way to start a business while you are working a regular hourly paying job.

That is exactly why I am starting this CASHFLOW CLUB right now. Come to the Meetups and get to know me and start building your own B quadrant business in your spare time. If you have questions you can contact me on the Meetup app.

On the following pages is more of my training manual for The Income For Life Training Center.