Royalty Income Challenge

A quick aside Disclaimer I am NOT a Financial Advisor nor am I your lawyer, unless I am, before making any investment decisions, you should seek the advice of a competent financial or investment advisor to discuss your specific financial situation. The conversations and information shared herein and hereon this post are merely educational and not to be construed as investment, legal or financial advice* (The law makes me write that)!

What Is a Royalty?

A royalty is a legally binding payment made to an individual or company for the ongoing use of their assets, including copyrighted works, franchises, and natural resources. An example of royalties would be payments received by musicians when their original songs are played on the radio or television, used in movies, performed at concerts, bars, and restaurants, or consumed via streaming services. In most cases, royalties are revenue generators specifically designed to compensate the owners of songs or property when they license out their assets for another party's use.