Monday, January 4, 2016

Residuals

"Gimme all yo money and gimme all of yo residuals." -Nikki Minaj 

Residual: a quantity remaining after other things have been subtracted or accounted for.
  • a difference between a value measured in a scientific experiment and the theoretical or true value.
  • a royalty paid to a performer, writer, etc., for a repeat of a play, television show, etc. 


I selected this word while concerned with the semi-coloned definition and second bullet-pointed one. I'll address the latter, arguably the more intriguing of the two, first. 

I believe residual payments are a common ingredient for many of the individuals lucky and gritty enough to become financially independent. They can be highly lucrative from time, money, and attention standpoints. 

I intend to pursue as many residuals as possible while I produce work and live. I think of residuals as a product of successful work coupled with luck and persistence. It's a way to generate enough cash currency to free up a lot more of the more valuable time currency.     

The semi-coloned definition--"a quantity remaining after other things have been subtracted or accounted for."--also has interesting applications for incorporation into an operating system.  

Ask yourself, What actions can I take that will have beneficial residual effects? Give special attention to those which work on the acquisition of skills and follow a systems approach; ones that would be considered a success in certain ways even if the primary objective is not accomplished. 

There is no failure, only feedback.   

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