I don’t know why the question “Is residual income good” gets asked but let’s answer it once and for all. What is residual income? Residual income is income you receive on a regular basis without doing the work needed to create it any longer. This means you did some work to build a business, buy […]
Tag: residual income
The 3 Types of Income
When trying to better your life one of the biggest factors to what you are able to do is the amount of income you have. The standard way of living for most of us is going from paycheck to paycheck, with barely anything left over. It’s not the only way to make a living and […]
The Difference Between Residual Income And Passive Income
There can be a lot of confusion about which terminology to use when talking about residual or passive income. In short, they are the same, however passive income as a phrase is much easier to use in marketing. Let’s look at some definitions to see which ones fit when combined with the word income afterward. […]