Suppose you decided to add a second income in your life, and you could find a second part time job, but that job would not give the kind of income which I am talking about, then what does it mean- residual income? It means the money comes to you see after you see even in your sleep. It does not mean that you do not work, it means you often work only once, and then of a work process special, almost no re-do, the money begins to arrive. There are many small business owners who say, “I have not taken a vacation in five years”.
There is something wrong here, I have nothing against hard work, but after five years should be free to go on holiday with their families without worrying about their business and returning to find them even bigger than when they left. There are two types of income: linear and residual. The incomes are not all equal, who wants to know what kind of income you have? Just ask yourself : many times I get paid for each hour of work? if you answered, “only once”, then your income is linear, the monthly salaries are an example of linear income, you are paid only once for your effort and when you do not report to work will discount. With residual income you work hard in many cases only once, and then receive money for months or even years. .