A Single Investment Can Produce A Lifetime Of Income

Notes From The Field By Simon Black  January 23, 2020 

An eight-minute recording can produce a lifetime of income…

That’s the story of musician Don McLean.

Fifty years ago, McLean was just an obscure American folk singer. But in 1971 at a café in Saratoga Springs, New York, he wrote a song that would change his life forever.

The song was a long ballad about an experience he had as a 13-year old boy, in 1959. It began with a radio bulletin that said that 1950s rock and roll pioneer Buddy Holly had died in a plane crash. McLean was crushed. And a dozen years later, he harnessed this memory and took the world by storm with his song.

If you haven’t guessed by now, McLean’s song was “American Pie.”

“American Pie” stayed atop the Billboard music charts for more than a year. And the song turned this once obscure folk singer into a global sensation.

More than that – McLean was immediately set for life. I’ve been told by people in the industry that he still earns several hundred thousand dollars each year from that one song.

Imagine still being handsomely paid for something you did nearly half a century ago.

This story holds the key to one of the greatest business models ever invented: the idea that you can create something once and be paid on it for life.

I’m talking about the royalty business.

A royalty is a cash payment that you receive over and over again from an asset that you created, developed, or own.

Every time a song is played in public, purchased, downloaded, streamed, or used in a television commercial, the performers, producers, investors, and songwriters collect a royalty.

Fortunately, you don’t need to have any musical talent to generate royalty income.

It’s actually possible to buy other people’s royalties and receive their income.

I’ve done it myself; not long ago the bank that I own acquired partial rights to a popular song, entitling my bank to royalty income from downloads, streams, etc.

The investment was $225,000. But within roughly the first year it earned a total of $29,851.41. That’s a yield of around 13%.

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To your freedom & prosperity, Simon Black, Founder, SovereignMan.com