Many have never heard of residual income. I hadn’t. In my 33 years of working traditional jobs no one had ever introduced me to this wonderful idea. Residual income is when you continue to get paid after the work is done. What do I mean? Glad you asked. Okay, so say I paint a house and customer is happy. I get paid what I had quoted to paint the house. Do they give me another check the following month and every month after? Of course not. That would be insane. Right? But that is exactly what residual income is! If you couldn‘t work anymore, due to a major life event, like major illness, accident, moving after a divorce or even death, would your employer continue to pay you or your beneficiaries? If you answered yes, great! You’re on the right track. For everyone else who answered no, would you like to answer yes?
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