Digging into Residual Passive Income – Part Two

Do the work once, get paid over and over again. That is what residual passive income is all about. It’s the royalties that authors, song writers, and performers get paid. It’s the continuing income stream to which some financial brokers have access, and it’s more.

Last time (in Part One of Digging into Residual Passive Income), I covered careers (achievable and creative) that provide an opportunity to earn residual income. In today’s post, you will hear about ways to obtain residual income outside of a career.

Investments Invest to earn income and dividends.

This one isn’t quick or easy, I’ve only accomplished it after a lifetime of work and savings. You can have residual income from investments in the market through dividends and interest. If you invest enough, are wise in your investment choices and lucky in the way the market runs, you can make enough from this . . . → Read More: Digging into Residual Passive Income – Part Two

Digging into Residual Passive Income – Part One

creating passive income

Do the work once, get paid over and over again. That is what residual income is all about. It’s the royalties that authors, song writers, and performers get paid. It’s the continuing income stream to which some financial brokers have access, and it’s more.

Derek has written about passive income multiple times – creating income streams outside of your day job that require little if any effort. So how is residual income different than passive income?

Residual income (to me) is money that just keeps on rolling in on a regular basis, that you are not doing a darn thing to earn, because you already did the work to make it happen. It is passive income, but with a narrower definition.

How can you get into this wealth stream – especially if you aren’t a world famous author or the next hot singer?

This . . . → Read More: Digging into Residual Passive Income – Part One