This equation is pretty simple and incredible useful for management because it looks at one of a department’s key components of success: its required rate of return. This component helps management evaluate whether the department is making enough money to maintain, close, or expand its operation. It’s essentially an opportunity costmeasurement based on the trade off of investing in capital in one department over the other. For instance, if management can invest company revenues in department A and earn a 15% return, department B would have to make at least 15% in order for the management to consider the investment. If department B doesn’t meet minimum 15% return rate, it might be shut down or redirected.
Investing is arguably the easiest way to make passive income. The problem is most investments sound good in theory but don’t work out so well in practice. And if you don’t have much experience or access to capital, let alone the time to work it all out, it can seem more or less impossible. However, there is one smart way to invest that just might work. Continue reading >
When I was first introduced to this type of residual income it seems to me complicated. Now I have 2 blogs out there one in my native language about my passion music and this one in English to learn and share more value about success, income, and wealth. In case you do not have a blog yet, here is a blogging platform I use: Kalatu. They have all to start your first blog, step by step courses, number or ready for you templates, even 21 day blogging challenge to establish the blogging routine.
We firmly believe anyone can be successful! You simply have to be calm, smart, and persistent! Don’t forget to add patient and dedication in the mix. With that belief, we have brought you the pointers mentioned above and the best platform that has brought success to many. If you think we missed something or should have added something else, do let us know.
Residual income is when you continue to get paid after the work is done. This includes royalties from books, movies, or songs and also income that comes from real estate or business investments where you don’t actually have to be present to earn it. For example, Bill Gates is still making a residual income from Microsoft even though he isn’t working there anymore.