Residual income vs passive income | What is Residual Income скачать в хорошем качестве

Residual income vs passive income | What is Residual Income

Residual income vs passive income | What is Residual Income #residualincome #passiveincome #whatisresidualincome This year it has become increasingly common for financial “guru’s” to tell people they need to create residual income to set themselves up for success. You may have found yourself wondering “What is residual income” when this advice gets thrown around. Residual income – also referred to as passive income periodically – is money that you earn from past actions, or automated systems, that don’t require your future time involvement. What is Residual Income? Residual income is income that you continue to receive after the completion of the work that produced the income. Some common examples of residual income include rental properties, dividend income, licensing opportunities, interest income, royalties, etc. Residual income is often referred to as passive income, and they are very close indeed. I suppose the difference would be that passive income insinuates the least amount of work possible to generate income, while residual income implies that you had to work to generate the income, but now it continues to come in long after you have stopped working on that task. My personal favorite form of residual income is the cash flow I receive from tenants on my rental properties, but there are so many ways to build these streams of income if you are resourceful! - Real Estate Investing Course: https://military-millionaire-academy.... Recommended books and tools: https://www.frommilitarytomillionaire... - SUBSCRIBE: https://bit.ly/2Q3EvfE - Website: https://www.frommilitarytomillionaire... Instagram:   / frommilitarytomillionaire   Facebook:   / militarymillionaire   - My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!