I did Broadway shows. And I started realizing that this is actually how I'm going to make my living. So maybe I should try to do television and film and make a better living and get an occasional residual check so I can pay a mortgage someday.
Songwriters, you have to work - you have to wait for residuals. You have to pray that the song's going to be a hit. And then a year later, you might get a check.
I lead a simple life. I get residuals. I have a family; we're doing alright.
I remember my first professional paycheck. I couldn't keep it as a memento because I needed the money, but I have kept some of the residuals that I get. I got one the other day that was for two cents. I might put that in a frame.
What happens at 90 is that I don't walk so good, my eyes are going, I can't hear well, and I'm getting all of the 90s residuals.
I worked for [Canadian Country Music Hall of Fame inductee] Tommy Hunter. It was a wonderful training program at the CBC, because they made sure they never paid you very much, so you had to do a lot of things, and that way you made some money. [A phone rings.] That's my agent right now telling me I've got a 13 cent residual from Tommy Hunter in 1969.
Direct selling provides an opportunity open to absolutely everyone, regardless of background, specialized skills or capital worth.
A network marketing business is based upon the leaders pulling people up, while a traditional corporate or government business is based upon only promoting a few and keeping the masses of employees content with a steady paycheck.
Network marketing is really the greatest source of grass-roots capitalism, because it teaches people how to take a small bit of capital, that is your time, and build the American dream.
I like the honesty about direct selling because it openly tells people the way to get rich is residual income: Get paid tomorrow for something you did yesterday - and let it accumulate.
I've never crossed over to be a big star. I'd like to be in a big $100 million movie, though. 'Cause I was in an 'Austin Powers,' I think I had two lines, and every once in a while, I get a check, a really nice check, for that movie.
It's impossible to get to a billion dollars by endorsement deals. The biggest deals only take you so far. It's how you make money when you're asleep that's going to get you there.
If I had to do it all over again, rather than build an old style type of business, I would have started building a network marketing business.
The network marketing industry offers many unique benefits to those who want more out of life.
The future of network marketing is unlimited. There's no end in sight. It will continue to grow because better people are getting into it . . . soon, it will be one of the most respected business methods in the world.
One pillar to wealth is having residual income.
$3,000 from a residual cheque was all I made one year.
To get rich, you have to be making money while you're asleep.
There are always people looking for extra income.
Time is the ultimate long tail. Even with a big wad of money up front, if something sells forever, the back end is what ultimately counts.
Some of the big movies, you get checks for a long, long time.
When you go to bed tonight, ask yourself 'What percentage of my day did I spend creating residual income?' If the answer is ZERO, you're in trouble.
As for honours, I've had a few along the way, and to be honest, I never expected any of them. I made a good living for decades, and that was enough; that, and maybe a good residual cheque from time to time.
The criteria, the only rule you should follow - the only rule - is to never touch a product or service unless, every time it is sold, part of the profit has to come back to you.
