how to generate residual income
most sources of residual income require an upfront investment of money sweat equity or both some examples residual income vs passive incomethe differences are subtle residual income may be passive income but passive income isn t necessarily residual in personal finance passive income may be derived from stock dividends or from renting a room on airbnb there was an initial outlay of money to buy the stocks or the house but a tangential benefit that costs little in additional time or effort has been derived from the initial investment it is residual income as well as passive income 