I don't need a residual income you say. I have a great profession and make great money doing work I love. I wish we could all say that and not have any worries. Things can change quickly though. Your company could go under or the economy could get even worse. Sure you might have savings that will tide you over. BUT that is not what savings are for. At least not in my opinion. Savings are for saving for yourself and family. College for the kids, retirement, that dream house or trip around the world. That tropical island you saw for sale in the travel magazine. Savings are not for surviving between jobs when you get laid off. Do you think this is what our parents and grandparents used their savings for? Back then you could work for one company for at least most of your life.
Start building your residual income now. Then when your layoff comes you won't have to blow through the savings you were going to buy that sailboat with. Start now and maybe when that layoff comes you won't even need a new job. Your residual income could be large enough to live off of or at least start your own business from.
The earlier you start now, the better off you'll be later.
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