Regardless of whether residual income ideas require a
lot of upfront work (or capital), you can rest assured that they often pay off big time in the long run.
I agree with your approach, as most income streams — whatever one calls them — do require some
type of upfront work (but not all).
Trading commodities is complex and requires a
lot of upfront work to make sure you fully understand the underlying concepts.
Accountability — crucially, those caught will be required to show compliance e.g. (i) maintain certain documents; (ii) carry out Privacy Impact Assessments; (iii) implement Privacy by Design and Default (in all activities), requiring a fair
amount of upfront work.
Australia's Margot Robbie has potentially solidified herself a good ten
years of upfront work in blockbusters.
The main tool indie authors have at their disposal is word of mouth, but that requires a lot
of upfront work on our part, spreading the word until hopefully, one day,
British Columbia — the only North American jurisdiction to have imposed a relatively serious price on carbon to date — has already completed
most of the upfront work needed to participate; all that is lacking is the political decision to move forward.
The second
element of upfront work involves tagging each document in the collection with the relevant items from each list.
Bread: Most bread recipes require about 10
minutes of upfront work, then minimal attention sporadically throughout the day.
The cost to set up irrevocable trusts through a major law firm runs between $ 2,000 and $ 5,000, primarily because the permanency of such a trust and the
amount of upfront work and thought that must go into getting it right the first time.
Looking back, though, I wouldn't forgo
any of the upfront work of taking birthing classes, reading about labor, and stocking a bag with the right gear.