Blog Series on Residual Income

“You need to finish your book. Is that your Lord?”

I said it jokingly, but the Spirit of God was pressing on my heart to get it done.

God Bless the Entrepreneur: The First Decade was in me, and it was time.

But the timing was strange.

God had just told me to shut the business down.

Now He wanted me to write a book?

It didn’t make sense.

But I’ve learned that obedience doesn’t always make sense, so I said yes.

As many of you know, in 2021, doctors declared me legally blind. That meant I had to get creative with how I would write the book, let alone record the audio version. So I leaned all the way into audio, dictating chapter by chapter, having it transcribed, reviewed, and built from the ground up.

To this day, I still don’t know how we pulled off the Audible version.

Let’s just say Rob Hooper of Love Work Studios is a genius, and my brother Anthony Dallas made sure we brought it all home.

And because I’m an entrepreneur, my mindset was:

I’m not just publishing a book. I’m launching a publishing company.

And just like that, Murphy Madison Publishing was born.

It was legacy from the beginning, built with my granddaughter Arie in mind.

That book is done. Ready. Out in the world.

And it will create residual income for the rest of my life.

That thought alone is wild.

You do the work once… and it pays you again and again.

But the vision didn’t stop with me.

Part of the reason I started Murphy Madison Publishing was to create a space for my wife to publish her own books. I knew she had something to say, something powerful, but she was going through a tough season.

I kept the faith. I knew her time would come.

And just the other day, I was sitting in Starbucks watching her write.

She didn’t even know I was watching.

But I smiled.

Because the time… had come.

Books. Journals. Devotionals. They’re all coming, and they’ll all run through the company we built.

Residual Income Through Books

The first time I heard about residual income was from Robert Kiyosaki, author of Rich Dad Poor Dad. He broke it down like this:

“The key to wealth is not just having a high income. It’s owning assets that generate income even when you’re not working.”

Books are one of the clearest forms of that.

You write it once. You publish it.

And every time someone buys it, you get paid.

Every. Single. Time.

My mentor Myron Golden talks about this often.

He has books, one written over a decade ago and another maybe five years back, that still bring in $500,000 a year.

Let that sink in.

A one-time effort.

Ongoing income.

Every time I hear Myron say it, I just smile.

Because I get it now. I see it.

Residual income isn’t a fantasy, it’s a formula.

And books are one of the best vehicles to make it happen.

My hope is that you walk away encouraged today knowing this:

Yes, hard work is required.

But when you complete something that can pay you again and again, 

That’s how you win.

That’s how you stop trading time for money.

God Bless The Entrepreneur®