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Passive Income
What are residual income?
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[QUOTE="Mika, post: 281787, member: 29399"] A lot of people confuse passive income with residual income. Passive income is the income you generate without doing significant ongoing work. Let’s say you invested in stock market, and you receive dividends every 4 months without any work, or you worked hard to create a business and the business is generating income even when you don’t do significant work. Activities like blogging and vlogging are also passive income. Residual income is the income that continues to build even when the work has been completed. If you retired from a job and receive a pension, that’s residual income. Receiving royalties from your books, arts, music are also residual income. Sounds similar to passive income right? Just like passive income, you don’t have to work for residual income it will continue to build income. Residual income is also the money you have left after paying your bills. In other words, your net income is your residual income. [/QUOTE]
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What are residual income?
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