There are currently two homes being built on the street where I live. The sound is obnoxious and the air is dusty. The good news is, however, that it should all be over in about two months and my own house will go up in value with these nice additions to the neighborhood. I am currently doing a large amount of property development myself, and I plan on living on the income from it during my later years. I also expect to leave the income streams from these properties to my family upon my death. The development I am engaged in may surprise you. No, it is not real estate. In fact, it is not even a physical asset at all - it is intellectual property (IP).
IP is perhaps the most exciting type of property to own. There have been quite a large number of very notable items of IP that you may have heard about. One of the most newsworthy over the years has been the catalog of music written and recorded by the Beatles. Michael Jackson outbid Paul McCartney in 1985 when the back catalog of the Beatle's works were sold at auction by the then owner, Associated Television Corporation. Years later when Jackson was in financial trouble he sold a 50% interest in the catalog to Sony for a whopping $95 million dollars! Paul McCartney has been reportedly furious over the years to have to pay Michael Jackson and Sony a royalty each time he performs or records one of the songs that he wrote and made famous. As the headline above indicates, the rights will revert back to McCartney on his own songs in 2018 (per the 56 year time limit established by the 1976 U.S. Copyright Act).
We enter the strange and highly profitable world of intellectual property...
From Wikipedia -
Intellectual property (IP) is a legal concept which refers to creations of the mind for which exclusive rights are recognized.Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs.
There are very big players today in the world of IP, and many IP transactions are not for just millions, but billions of dollars. Rather than buying other people's IP, there is another side to this game for those with a little creativity (and willing to put in a modest amount of effort). It is almost as good as having a license to print money (maybe even more valuable once you fully grasp the concept). Creating your own IP and generating recurring monthly income may be one of the most powerful concepts available today for the average person to build their net worth.
How To Get Rich Creating IP - 27 Year Old Amanda Hocking Did It
I am not a songwriter like McCartney, but a book writer. I want to give you a real life example of how a single small piece of IP can come to life and become worth more than $100,000 dollars in the bank. Consider the possibility of sitting down over the course of a month and putting together a short eBook of 50 pages in length. Next, list that eBook for sale in the Amazon Kindle store for $5. Let's make the math easy and assume that you pocket $3.50 for each sale. If you sell 30 books monthly, you will earn about $100 each month ($1,200 per year). In order to generate $1,200 annually from a CD paying 1 percent, you would need to deposit $120,000. Yep, your little eBook now has an income value equal to that of a $120,000 CD!
Take a look at the article to the left that outlines the story of how a 27 year old became a millionaire generating income through IP.
How Much Income From IP Do You Want?
After getting a grasp of this concept, the only question left to ask is, "How many pieces of IP do you want generating cash for you monthly?" I am honestly amazed at how few people know about IP and how easy it is to cash in on. President Obama earns more than $70,000 monthly from IP and the media rarely mentions this fact. I am planning on following in his footsteps (in this one isolated case). Obama earns nearly $1 million dollars annually from IP (royalties on his books). The smartest and wealthiest people in the world understand the value of an income producing asset. Most would not think twice if given the choice between a one time large payment or a substantial ongoing monthly payment (answer: they would take the monthly payment).
Social Security vs. IP For Retirement Income
The current average monthly Social Security benefit for someone retiring today is about $1,200. In the example above, just twelve small IP assets would equal the income of what most people are retiring on. Even if you are a big saver and amass a $1 million dollar nest egg, that is likely only going to produce about $800 monthly based on current bank CD rates. Again, it is quite amazing that just eight small IP assets would be like having a million in the bank!
Why Creating Your Own Publishing IP Is Easier Today Than Ever
In the past, authors and artists had to go through publishers and record companies. These companies were very shrewd and ended up owning the IP of the author/artist (or controlling the lion's share of the income from it). In fact, the IP wealth of just the publishing industry in New York City alone would be measured in hundreds of billions of dollars. Today, anyone can publish their own eBook and keep 100% of the IP rights and earn 60 to 70% of the royalty income from the retail sales. Yes, just another amazing change that the Internet has brought to the business world.
I have had so many people ask me how to get started, what are the steps to sitting down and writing an eBook of their own, how to get it edited, published to Amazon, and get that first check, that I decided to make available an online course on e Book publishing. What you will find especially unique about my course is that it includes unlimited access to me personally. There is no doubt that you will find other courses somewhat similar to mine if you do a Google search (although most are much more costly), but none will include unlimited access to an actual author of more than thirty books. Check out my e Book publishing course and let me know if you have any questions by sending an e mail to jim@ChristianMoney.com.
Special Bonus Offer - Writers Reference Library
In addition to the already huge library of training materials available to members of my eBook marketing program, I have assembled an amazing library of the most powerful resources for writers. I want to give you this reference library as a special bonus for joining my eBook training program! This special Writers Reference Library is my free gift to you if you join us at the Silver Level or higher.
Stephen King On Writing - Yes, the guy that writes all of those scary books has written an amazing book for writers. You will find this book on the shelf of any serious writer today. King shares his story of how he got started writing as a young adult, while raising his family in a trailer! This is a 288 page paperback book that I will rush to you after your enrollment.
How To Write And Sell Non-Fiction - It is one of the highest rated books on all of Amazon on the topic of writing for the Kindle market. This is an 89 page eBook (you don't need a Kindle to read it). We will purchase this book on your behalf and send you a link to read it online (or on your Kindle or iPad).
The Shortcut Publishing Method - In this two hour video, I will share with you how to write and publish an eBook within just two weeks! This video is a digital download, and you will have immediate access to it after placing your order.
The New Rules Of Marketing And PR - How to Use Social Media, Online Video, Mobile Applications, Blogs, News Releases, and Viral Marketing to Reach Buyers Directly. One of the big questions new writers have is how to get publicity. Publicity is a big key, but is easier than ever using the Internet. No, you don't need to hire an expensive New York PR firm, you can be your own publicist. I love this book and have had it for some time now. These are the same strategies I use to get the word out about my books. I will rush this 464 page paperback book to you after your enrollment.
Discoverability - If you find yourself listening to any writers podcasts or browsing any writers forums, you will recognize this title right away. For writers, discoverability means the difference between gaining an audience and publishing into the void. Now, USA Today bestselling author and renowned business blogger Kristine Kathryn Rusch deftly tackles the topic of discoverability in this latest WMG Writers’ Guide. I will rush this 330 page paperback book to you after your enrollment.
One huge secret to share: You don't even have to be a writer as there is a way to get other people to write your books for you. This arrangement is totally legally and you can find 'ghost writers' for peanuts if you know where to look online.
The Free Writers Reference Library Offer Will Be
Honored Until Midnight Eastern Feb 2, 2015 ***
*** Must Enroll At The Gold Level Or Higher
Helping you make the most of God's Money (and IP)!