In 1978, a scruffy-looking Frenchman named Patrick Hernandez signed his first-ever recording contract.
He had spent the better part of the previous decade touring ballrooms in France, backing b-class singers without any real success to show for himself.
But in late 1978, he released his very first single, “Born to Be Alive.”
And Hernandez became a sensation. By the end of 1979, he had amassed fifty-two gold and platinum record awards from more than fifty countries.
Just like that, he was set for life.
And 40 years later that same single still earns him around 1,200 euros per day…roughly 438,000 euros per year.
Even his official music video has over 100 million views on Youtube – the envy of most professional YouTubers.
Imagine getting paid hundreds of thousands of dollars per year for something you created over thirty years ago!
It’s rare, but it’s possible… and one of the best ways to do it is with royalties.
Royalties are cash payments you receive from assets you’ve created or own. Millions of people worldwide earn royalties every year – on assets as diverse as books, songs and movies– but also from lesser-known sources like oil wells, gold mines or real estate.
Royalties are an all-time favorite of investors around the world – including Warren Buffett.
That’s because once you own the asset, all you’ve got to do is collect your cash every month or quarter.
Royalties are real assets – and generate income no matter what’s happening in the economy.
In times of inflation, the value of your asset goes up, protecting your savings.
In a deflationary period, the cash that the asset produces becomes even more valuable.
And the cash flow can be incredible…
Imagine owning a piece of the song “Yesterday”, written by Paul McCartney for the Beatles in 1965.
Over the past 54 years, the song’s earned its owner (ATV publishing) over $30 million… just from this one song alone.
But thanks to technology, you no longer have to be a rockstar to invest like one.
Platforms like RoyaltyExchange.com offer retail investors the opportunity to invest in songs by artists like Drake, Eurythmics and Barry White.
That’s because artists are often asset-rich but cash-poor… so they sell a part of their assets to raise a large sum of money for a new venture.
Royalties aren’t just limited to music by the way. You may be familiar with royalties on books, tv shows, films, photographs, patents, designs, etc.
An interesting slant to investing that many do not know about…
Sonia Rina Landry is a passionate entrepreneur, speaker, author, and personal development coach. She is an outspoken advocate of the free market economy and has helped countless clients identify their core values, envision and realize goals that resonate with those values. She oversees several businesses online and offline.
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