10 Residual Income Ideas to Build you Wealth
Most people believe that money is created through active income. They rarely think about passive income or even residual income as a source to generate wealth or financial freedom.
What is Residual Income?
Residual income is an income that can be passive. The calculation determines how much profit or excess income is available after all expenses are paid off
10 Ways to Create Residual Income
Invest in Real Estate
Owning real estate can be a great way to generate monthly income.
Invest in REITs
If you want to invest in real estate without having the responsibility of being a landlord, you could invest in REITs.
Start a Blog
It takes little money to start. You need to have a good niche, persistence, and start to write.
Invest in the Stock Market
Investing in the stock market is one of the simplest ways to create a passive income stream.
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