Passive Income, residuals, royalties three ways to get paid multiple times for a one-time effort. You write a song in 1970 it gets covered by many artists. Each artist sells many albums or radio stations play your tune and Presto! you get a royalty check in mail, even decades after you first published song. Here's another example:

The Best-selling author, Robert Ludlum was an extremely popular spy-thriller writer. Espionage based fiction was at its peak during Cold War Years prior to collapse of Soviet Union and Berlin Wall. Two of his titles, The Bourne Identity and The Bourne Supremacy were written in mid-seventies, roughly thirty years ago.

Both books became recent smash hits starring Matt Damon. Mr Ludlum gets royalties from box office,VHS and DVD and (I am assuming) merchandise sales from these films. Not only that, movies have stirred up an interest in all of his books. They have been re-printed and released again to book-buying public. All of this from two books he wrote 3 decades ago! Can you say Ka-ching!

That is power of residual income. I intend to write a bestseller one day. It has always been a dream of mine. My Father was a writer and I come from a family of devoted readers. I have a passion for books and that is what impels me to write. The idea of royalties is just icing on cake. But such enticing icing!

To have more money,obviously. Right. But what does that mean? Why is being rich so important to everyone you talk to? There is no universal answer for that. We all have our different reasons.

In order to attract those riches into your life you have to have a clear picture of benefits of your desire. Vague thoughts like: "I want to be a Millionaire," will not be enough to set wheels of prosperity into motion.

You have to ask yourself "What would being rich do for me?"

For me I see being rich as a way to: