From the desk of: Officer Frank Carter

Dear Friend,

If you are looking to successfully develop a second source of income, I have a lot of expertise that I'd like to share with you.

But first, let me tell you about Zhao Danyang.

His name is not a household name. Who exactly is he? Well, Mr. Danyang runs the Hong Kong-based Pureheart China Growth Investment Fund.

And he recently had the winning bid in an eBay auction for eating lunch with legendary US investor and businessman Warren Buffett. Zhao paid $2,110,000.00 (yes, that's million!) for the privilege of spending 90 minutes with the world's richest investor. You can read the story here.

You see, it's worth a lot to be able to pick the brains of a person who is more financially successful than yourself.

In fact, every successful person that I know will always jump at the opportunity to learn from someone who is more talented and successful than themselves.

For the last 8 years, that is exactly what I have done. I've picked the brains of, and been mentored by, some incredibly successful business people.

In the process I have developed a mid-6-figure passive income and became a residual income expert. And I have done this while remaining a full-time police officer in central Florida.

If you want to read a little more about me, just go to Google and type in residual income expert Florida. I'm sure that Google can provide you with a little something.

As I was saying, some wonderfully kind and successful people have been mentoring me for 8 years. It's paid off immensely. I own several beachfront condos, not just in the US, but in foreign countries as well. I travel every few weeks to exotic places all around the world.

I really have a dream lifestyle. And it is all the result of successful people taking the time to teach me how to be successful in business.

But it is now my turn to give instead of receive. Just as I was taught by some savvy business professionals, I now want to give back and teach a few others how to attain the income level and financial freedom that I enjoy.

However, I have no training manual of any kind to sell you. Therefore, this website does not contain a bunch of sales hype; just genuine, accurate, real-world information.

Permanent Income: The Path to Financial Independence

I've found that there are 3 forms of what I describe as permanent income. There may be more, but I am not aware of them. I call these forms of permanent income the three R's of true wealth: Rental, Royalty, and Residual.

The vast majority of people in the world earn their income by selling their time. They perform a skill or task and get paid by the hour. Certainly, this is a way to earn money to pay for the day to day necessities in order to exist, but, what happens when you don't have any more hours to sell due to sickness, injury, or old-age? If you don't have any time to sell, you don't have any income. That would be the end of a very sad story. And for millions of people, old age is just that.

Selling your time for money is not the path to financial independence. It is certainly a valid way to earn a minimal income, and most people choose this path. It's my opinion that the educational system in the U.S. (and most other countries) is designed specifically to lead people down this path. Students are not taught any different. The modus operandi is to "Get good grades, go to college, and get a good job." Sadly, life can be so much more rewarding than simply being chained to a job from the day you get out of school until the day that you die, but so few people are aware of how to attain the alternative.

There is a better way to invest your life than simply selling your time by the hour for a few dollars. I have been taught that the solution is to work on ways to develop permanent income. 

Let me explain permanent income by looking at the first form of permanent income mentioned above: Rental.

My future brother in law used to work in construction. He typically sold his time for about $35 per hour. If he went to work today and sold 8 hours of his time building a house, at the end of the day he'd go home with $280 dollars. End of transaction, end of income. Tomorrow, if he wanted more money, he'd have to go out again and sell more of his time.

What if he took those same 8 hours, and instead of selling his time by the hour building a house for a customer, he spent those hours building a house that he owned and planned on keeping to rent out for income. Then, rather than getting paid the $280 that day, he would instead get paid smaller daily amounts over a much longer period of time.

Instead of earning $280 for the day, he created an asset that will pay him a smaller amount every day for the rest of his life. When building a house to rent out, he could retain ownership of the house until he died, and receive permanent income from that house the rest of his life. After his passing, he could leave the house to his children and they could receive income from it for their entire lives. That is an extremely powerful financial concept.

The choice is between doing the work once, and getting paid once, or doing the work once, and getting paid again, and again, and again, forever. That's what I call permanent income. Work once, then get paid over and over again for the work that you did. It is, in fact, far more financially rewarding, but not in the short term, like today or this week, or even this month. But longer term, it is far, Far, FAR more financially rewarding.

The key to a financially successful life is to work a couple of years setting up permanent income. Then you'll have enough income and free time to do whatever it is that you love to do; you will not have to sell your time ever again, unless you choose to do so. But it will be a choice, not a necessity.

Rental income is one way to develop a permanent income stream. For a number of reasons, it is not the best way, especially for those just starting out developing permanent income. These reasons include high start-up costs, the cyclical nature of real estate (I'm sure you are aware that we are in a really bad down cycle right now), the time involved in managing the real estate once you own it, the myriad of laws that you'll need to understand, and the danger of loss due to an irresponsible tenant. At some point in your life, though, when you have enough time and money to overcome those hurdles, you will likely want to delve into this arena. But not to start. Real estate is a rich person's game. Get rich first, then maintain your wealth and grow it with real estate.

The second way to develop permanent income is to develop some form of intellectual property and earn royalties from it. The definition of royalties, taken from Wikipedia, is:

"A royalty is typically the sum of money paid to the proprietor or licensor of intellectual property (IP) rights for the benefits derived, or sought to be derived, by the user (the licensee) through the exercise of such rights. Royalties may be paid for the use of copyright, patent, trademark, industrial design, procedural knowledge or a combination of them. However, the term has also a much wider application and can cover oil, gas, or other mineral royalties; performance of art royalties; etc."

If you have a very special talent that has mass appeal, this may be an option for you. You could write a popular book. As long as that book continues to sell, you would collect royalties from it. If you are a musician, you could write several songs and release a CD. As long as the CD continues to sell, you would collect royalties from it. If you are an inventor, you could invent something useful, and license companies to manufacture and sell it. You would then collect royalties from them as long as they continue to do so. There are also mineral, oil, or gas royalties if you happen to own or purchase a piece of property that has those valuable resources beneath the ground.

Because of the very specific high-demand talent needed, royalties are not an option for most people to develop permanent income. Which leads us to the third method to develop permanent income: residual.

Again, quoting the definition from Wikipedia:

"Residual Income" is a term used in business to describe income received periodically for services rendered in the past, such as insurance or memberships. As an example, Mary becomes a distributor in the Good Insurance Company. She services many customers who remain in the books for a period of time. After a certain period of time, depending on the company, Mary receives a percentage of the premuim or plan from whatever customers sign under her umbrella of business. If Mary goes out and services 1,000 customers and she gets 25% of whatever her price of the service cost, (let's say 40 dollars for conversation sake) Mary would receive 10,000 dollars per month whether or not she is working. She is getting paid for all the insurance policies she has marketed in the past.

Math = 25% of 40 = 10 residual income base x 1,000 memberships = 10,000 dollars monthly = 120,000 dollars annually for no work rendered but for all the previous work rendered for whatever period of time she has worked in the company."

That is the definition of residual income taken directly from Wikipedia. I really like their illustration of Mary, and would like to expand on it further.

The Power of Permanent Income Streams

In this same example, let's compare Mary with her friend Jane. Mary sells 1,000 insurance policies over the course of two years. She receives $10 per month in residual income for each customer that continues their insurance coverage. Those thousand memberships pay Mary a residual income of $10,000 per month. Mary spent 2 years selling those policies. During that same two years, her friend, Jane, worked as an executive assistant for one of the vice presidents of the same insurance company. Jane's income was $65,000 per year.

Now let's compare Mary's income to Jane's. To make things simple, let's assume that Mary sold half the policies the first year, and half the second. In reality, she probably sold 35% the first year, and 65% the second, because the more that you do of something, the better you get at it. Anyway, to make it easy, we'll assume that Mary sold 41 policies the first month, 41, the second, 41 the third, etc. Mary ended up selling 500 the first year. Her income for the first year would look like this:

January: 41 x $10 = $410
February 41 x $10 + $410 = $820
March 41 x $10 + $820 = $1,230
April 41 x $10 + $1,230 = $1,640
May 41 x $10 + $1,640 = $2,050
June 41 x $10 + $2,050 = $2,460
July 41 x $10 + $2,460 = $2,870
August 41 x $10 + $2,870 = $3,280
September 41 x $10 + $3,280 = $3,690
October 41 x $10 + $3,690 = $4,100
November 41 x $10 + $4,100 = $4,510
December 41 x $10 + $4,510 = $4,920

Again, this illustration is not exactly how it works in reality. In all likelihood, Mary only made one or two sales her first month. As she gained more experience, her sales increased. But for this illustration, we are just assuming an even distribution of new customers over the entire year. At the end of her first year, Mary has made a total of $31,980, while her friend Jane has made more than double that. Who do you think feels more successful? I would have to guess Jane, as she is earning more than twice what Mary earns AT THAT POINT. However, in year two, Mary continues to sell 41 policies per month.

At the end of the second year, Mary would have earned $91,020. Now it is easy to see that Mary is more financially successful. In year two, she earned over $25,000 more than Jane. But that is not all. Mary is now at the point where she will earn $120,000 in year three, even if she doesn't work one day the entire year! Mary can take the full year off and still earn an income almost double what her friend Jane earns. That is the power of permanent income. You do the work once, then you enjoy the income along with plenty of available time, year after year after year.

The first year, by using a strict income to income comparison, Mary was not nearly as financially successful as her friend Jane. That is just the nature of permanent income, it starts slow and takes time to grow. Yet, by the end of year two, it was completely evident that Mary was far, far, far better off financially than Jane. There are no words that are powerful enough to explain that the absolute best thing to do for your financial future, and the financial future of your children and grandchildren, is to spend time developing a permanent income stream.

An old poem, while it doesn't come right out and compare selling your time by the hour and spending it wisely building permanent income, still illustrates the point much more eloquently than I could ever dream of. Read this and think about it:

"I bargained with Life for a penny,
And Life would pay no more,
However I begged at evening
When I counted my scanty store;

For Life is a just employer,
He gives you what you ask,
But once you have set the wages,
Why, you must bear the task.

I worked for a menial's hire,
Only to learn, dismayed,
That any wage I had asked of Life,
Life would have (gladly) paid!"

-Jessie Rittenhouse

You see, if you go to work and sell your time for $15 per hour, that is what life will pay you. But if you spend your time developing permanent income, life will pay you far, far more. You have a very limited number of hours that you can sell in your lifetime. What will you have to show for those hours after you can no longer sell them?

If you want to reach financial independence, you need to ask more from life than a menial hourly wage.

A Permanent Income Stream Will Change Your life.

Imagine being able to do what you love. Eat incredible food. Drive new cars. Vacation with your kids. Relax by the ocean. And imagine that you’ve even got more free time to savor it all. No more boss. No more deadlines. No more overtime. No more overdue bills. And no more clogged voicemail boxes full of threatening messages from bill collectors. And imagine that you have assets that produce income every day, and that when you die your children will inherit those assets and will have an income for their entire lives.

You can get to that point in your life. It simply takes a shift in focus from selling your time by the hour to investing it wisely developing permanent income.

As I mentioned earlier, I've been taught by some highly successful business people and have developed a mid six-figure passive income. I've become a residual income expert. And right now I am willing to teach a few people how to do the same.

In the past 12 months I've spent tens of thousands of dollars creating a system. Every business needs tools. How good would a construction firm be without the cranes, staging, scaffolding, pneumatic hand tools, compressors, saws, trucks, and all the other various tools that are needed to make the firm as efficient and productive as possible?

I've created the necessary tools to make building a residual income much, much easier. If you want me to teach you how to create a significant residual income, please call Ben, my system specialist at: 1-949-294-0577. * However, please see the requirements below before you call. Ben tries to answer most calls, but sometimes he's busy and just can't. Simply wait an hour or two and call again. Eventually, you'll reach him.