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What comes to mind when you are asked about making a residual income doing what you love? Is your answer somewhere between, “I’m not able to fully do what I love” and “I haven’t figured out how to make it work yet”? No worries, you are not alone. A 2017 Bankrate study showed that 44 million Americans have a side hustle, while The Hustle found that the average side-hustler spends only 11 hours per week on their secondary work (bringing in a rough estimate of just $200 per week).

You may be wondering what these statistics have to do with developing the mindset to manifest residual income doing what you love, let alone with you. There are certain mindset shifts that need to occur in order for you to truly see a residual income from something that may just be your side hustle – for now. In this post, we’re going to address those things so you can unlock your potential to make doing what you love the only thing you’ll ever have to do.

What Exactly is Residual Income?

Simply put, residual income is when you continue to get paid after the work is done. Its polar opposite, and what many people find themselves doing, is active income. Active income comes as a direct result of our efforts.

For active income, think teaching, coaching, or working a regular 9-5. Residual income, on the other hand, is usually derived from published books, courses, or some other one-time created resource that will continuously bring in sales.

Regardless if you’re the coaching type or want to create a resource that brings in sales long after you’ve created it, having the mindset to generate income from either takes work. Let’s look at two main ways to begin working on the necessary mindset shifts.

Be Aware of How You Work for Active or Residual Income

First and foremost, it’s important to understand how you’re working on these two things. Yes, there is some patience involved when wanting to make the full switch to residual income; however, there is a balance to actively working toward building residual income.

Jim Rohn said, “I’m working full-time on my job and part time on my fortune. But it won’t be long before I’m working full-time on my fortune. Can you imagine what my life will look like?”

Once you understand how you’re working on the two types of income, then it’s time to see your path of transition. Let’s say you are a life or business coach and you really enjoy working one-on-one with clients. However, you would like to eventually cut back to only having a few high-ticket clients with the majority of your income coming from courses you’ve created.

The plan of execution would be derived from that goal and the action steps would eventually take you there. Purpose in your mind that your plans are going to make it happen, and then begin actively working on it.

Develop Success Habits

A common misconception is that residual income will happen overnight or without much effort. Sorry to be a myth buster, but the truth is that it takes work – hard work. This hard work does eventually pay off, especially if you purpose your mind and heart to stick with it. So, what do the habits of successful people look like?

For starters, successful people work on their personal development. There are always barriers and limiting beliefs that try to poke at even the richest person. Investing in personal development keeps your mind clear and focused on your desires and goals. This can take the form of reading books, hiring a coach, or joining a mentor group.

Another success habit is to develop daily goals. I will go into more detail about the importance of developing the mindset to manifest reachable goals, but for now, just know that setting daily goals is a way to reach those big ones. It serves as a daily reminder of what you’re working for and toward.

Last but not least, another success habit is to keep your passion the forefront of your profession. If you always treat your passion like a hobby, it will stay a hobby. Once you make your passion at the head of all you do, your decisions and actions will begin lining up with that.

Developing the Mindset to Manifest Residual Income Doing What You Love

The underlying factor with this mindset shift is putting in the necessary work to ensure you’re (1) understanding what residual income looks like for you, and (2) always working toward your residual income goals. It is possible, and you can do it!

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Before you assume that we are going to be talking about the New-Agey way of manifesting the business of your dreams, keep reading. While I believe in the power of manifestation, it is from a Christian perspective. This means I believe what God says about our ability to manage our thoughts and actions, which in return affect the outcomes we see in our lives.

Manifesting the business of your dreams is no different, so we will discuss three important ways to develop your mind to prepare to receive and walk in your blessed business. This post is part of my “Mindset to Manifest” series, so be sure to stick around for more!

Manifesting Explained

I believe it is important to lay the foundation of the kind of manifesting I will be speaking of here, and in future posts in this series. Opposite of the popular “Law of Attraction” is the “Law of God”, which says many things about our ability as believers to receive what He has for us.

Without getting into too much detail, some of those things are:

• The ability to do all things through Christ who gives us strength (Philippians 3:14).
• The ability to seek and ask for things that glorify the Father (James 4:2)
• The ability to have our plans established through commitment to God (Proverbs 16:3)

These few attributes alone are building blocks to walking out your God-given purpose in this life, especially for having the business of your dreams. The following three ways are how you can begin the process of actually seeing the business of your dreams unfold.

Acknowledge Your Ability Do It

One quick Google search on “how to start the business of your dreams” will return an over-abundance of results. Majority of the results will tell you about creating a business plan, when to make it legal, how to market, and so on. The one thing you won’t find much of is developing your mental plan.

Developing your mental plan often comes much later, after many weeks and months of tried and failed attempts to establish your business and actually grow it. But what if you could get a handle on this early on in your journey of having the business of your dreams? That’s where acknowledging your ability to do it comes in.

Revisiting Philippians 3:14, Scripture tells us that we have the ability to do all things through Christ who gives us strength. This includes creating your dream business. Start with acknowledging the simple truth that you can do it. Tell yourself this as often as you need to. You can also write it down and repeat the Scripture (and any other you find) anytime you need a reminder. 

Acknowledge Your Ability Ask For What You Need

In the excitement of wanting to start a business, most people make the small mistake of forgetting to ask for what they need. Sure, you can join all the Facebook groups and start following all the people in your niche; however, it’s important to remember to ask the Source from which all things come from.

You have that ability, and even more so… you have that right. The Father wants us to ask Him to provide our needs – yes even in business. Think about how many times a child will ask their parents for something. They’ll ask over and over until the parent caves in. This same concept can (and should) be applied to asking for what we need.

This helps train your mind to not only be okay with asking, but also with the next step.

But remember, God doesn’t have to (nor will he ever) cave in to us because we just want to be in alignment with his original plan to prosper us so long ago. We’re not seeking what wasn’t promised or in His plans for us to begin with.

Acknowledge Your Ability See it Come to Pass

This right here. Ask yourself, “What would I do if my dream business actually came to pass?” How does asking yourself that question make you feel? Nervous? Hesitant? Maybe even a little resistant? Truth is, it shouldn’t make you feel any of those things – at least not to the point of hindering you.

Creating the mindset to accept the goodness of the plans the Father has in store for you and your business takes work. However, it starts with acknowledging the ability to see it actually unfold. This is another promise of manifestation found throughout Scripture. The Father wants what is good and profitable for you. This means giving you the desires of your heart too!

Regardless of where you find yourself in the dream business world, keep in mind that you have the ability to manifest the business of your dreams. Remember that you have the ability to do it, ask for it, and see it comes to pass.

I want to hear from you! What is the business of your dreams? What do you feel has been holding you back from taking that leap of faith and pursuing it? Let me know in the comments below!