Do you have a residual income?

[nomad]

Residual income is an income that brings you money for the work you have done in the past. If you receive a pension, that is residual income. If you receive retirement benefits that are residual income. Residual income does require you to work every day or any ongoing work but youreceive income from your past work.

 

[Hate2Wait]

I will get pension when I retire but that will take a lot of time so I need to find out more ways from which I can earn Passively.

 

[timewo]

I will not get any pension and older people are often cheated by people they trust, so I cannot interact with many people to avoid being cheated.

 

[Shavkat]

I do not have any residual income because I am too young to have them. For now, I am still paying my insurance and in time, I would have them without any pressure.

 

[Bisolami]

Residual income is an income that brings you money for the work you have done in the past. If you receive a pension, that is residual income. If you receive retirement benefits that are residual income. Residual income does require you to work every day or any ongoing work but youreceive income from your past work.

I do not have any residual income and that is why I always try to work hard because if I do not work, I will not have any money or even try to expect any money

 

[oldbuddy]

Yes, it is nice to have money coming in every month without having to work for it. I don't even have to walk to the mailbox, it just shows up in my bank account ready to pay the small bills I have. Now all I have to be responsible enough for is making sure I stay debt free. which is why I only use free money to work online with. Sure I pay for electricity and Internet service, but I would do that anyway just for entertainment.

 

[nomad]

I do not have any residual income and that is why I always try to work hard because if I do not work, I will not have any money or even try to expect any money

You can use your active income to build residual income. For instance, you can buy term life insurance. You can pay your premiums from your active income and after maturity you will receive a lot of money.

 

[oldbuddy]

You can use your active income to build residual income. For instance, you can buy term life insurance. You can pay your premiums from your active income and after maturity you will receive a lot of money.

The premiums for an 84 year old with chronic illnesses are a little high (if you can get it at all).

 

[Knowledge Quest]

I personally don't have a residual income.

 

[oldbuddy]

I personally don't have a residual income.

Everyone needs to pick their own horse to ride and I guess I am just lazy.

 

[SHAHID987]

At this moment I don't have any residual income, but after reaching at the age of 60 the pension will start which will be my residual income. But now it's time to focus on present things.

 

[cherry123]

Yesh ,residual income is an income that brings you money for the work you have done in the past. like when one gets his or her pension or get money from past jobs.

 

[Heatman]

You can use your active income to build residual income. For instance, you can buy term life insurance. You can pay your premiums from your active income and after maturity you will receive a lot of money.

Generally I see residual income as something that is connected with building your Investment Portfolio because as long as their investment still exist, you will always be making money from it whether you are working or not working.

 

[Springtime]

I have worked for a start up many years ago. As a start up, they could not give me a competitive salary. Instead, they gave me some shares of the company. I am lucky that the start up has grown over the years and they are making profits. I am still getting dividends from the company even I am not working for them anymore.

 

[eldavis]

Residual or passive income is one way of making money online and it's something I really hope to achieve soon. Currently i do not have any means of earning residual income though.

 

[nomad]

Generally I see residual income as something that is connected with building your Investment Portfolio because as long as their investment still exist, you will always be making money from it whether you are working or not working.

Residual income is not just your investment portfolio. If you receive pension or retirement funds from your employer, that is also residual income. If you have published a book and receive royalties, that is also a passive income.

 

[oldbuddy]

The part I like best about Residual Income is I can stack them on top of each other for more security, that way if one fails you still have Residual Income and time to seek out additional options for more cash flow.

 

[Suba]

Currently I have not received residual income, or income from work in the past, and do not need to rework. Residual income can also be obtained from royalties from works such as books, copyrights, etc.

 

[LoukiaCharilaou]

I do not have a residual income. In the future, I may have.

 

[oldbuddy]

I do not have a residual income. In the future, I may have.

But only if you start someday and stick with it to let it grow