EDUCATION + VEHICLE What is residual income?
Many entrepreneurs often talk about “residual income”. Residual income is income where you work once and if you stop working the income continues to be created, month after month etc unlike working at a job or a business which is reliant on you being there week in week out. Internet Marketing Strategies Active income is income which you must create and generate yourself on a continual basis. It is reliant on your efforts and you are almost a slave to it.
Entrepreneurs like Robert Kiyosaki have used the Cashflow Quadrant to show how most Entrepreneurs can move towards the Investor quad – the power of this small business idea is you only work once to create a residual income. It is not totally reliant on yourself to generate the extra income. The goal is to generate residual income to match or exceed your expenses. This is what creates financial freedom. Contact us for our complete small business ideas information and our complete econtinue reading