What is Residual Earnings?
Residual earnings - also known as passive income, refers to the money earned through an initial investment which continues to generate income over time without any additional effort on the investor's part. This type of income is different from regular employment or active business activities that require ongoing effort in order to earn money.
In other words, residual earnings are a way for individuals to create wealth and financial security by making investments in assets whose returns continue long after the initial investment has been made. It can be generated from various sources such as rental properties, stock dividends, affiliate marketing programs and so on.
The great thing about residual earnings is that it provides individuals with a source of income that requires little maintenance once established. This means they can focus their efforts on creating new revenue streams or enjoying their newfound financial freedom instead of worrying about how they will make ends meet each month.