How to Create Recurring Income
If you don’t make money whilst you sleep then you will be working until you die!
Most people don’t have recurring income and this is one if the biggest mistakes you can make. If you want freedom, choice and profit then listen into this episode with Rob where he shares some strategies, tactics and tips to get you started on your recurring income journey! He also gives his 5 income predictions for the future as well as the new rules for money.
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KEY TAKEAWAYS
There is only one way you can build recurring income. This is by building assets.There are three key stages to building your way to passive income. It starts with residual income, which moves to recurring income, it can then become passive income.
Just because you have recurring income that doesn’t mean you have to give up occurring income. But you should never rely on just occurring income.
In Rob’s experience there are two main types of assets, physical or digital. Digital assets are easier, quicker and cheaper to set up.
Information is one of the best ways to create income. It’s the quickest, easiest and cheapest way to start, just ensure it’s evergreen too.
The rules of money have changed. It no longer takes 10 years to be a success, or patience and competition. It’s all about collaboration, attention, unlearning bad habits and speed!
Build your assets and side hustles now to help you beat this cost of living crisis.
Subscription sites and software are going to be the best way to make money in the near future.
Make sure the assets you create and are setting up deliver recurring income.
BEST MOMENTS
“If you want recurring income, income on repeat, if you want passive income making money while you sleep, you must have assets”
“If you’re building a membership site…If you’re investing in companies, make sure you make them evergreen and they can last for years or decades”
“Information is one of the best ways to create income”
“Information with accountability, with action, that is power”
VALUABLE RESOURCES
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ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979
