Residual income is the business concept of earning money over and over again for work done one time. This is the opposite of how people are used to getting paid. Most people are used to the idea of working for an hourly wage, which means they get paid based upon the time they spend working.
Residual income is far superior to working for an hourly wage. It allows a person to get paid what they are worth. What this means is that a person is getting paid for the quality of their work instead of simply for just working.
Residual income helps to produce better quality goods and it helps people to be able to free themselves from that 9-to-5 working world.
Residual income is not a new concept. In fact, residual income is an idea that can be found in many different industries.
A very good example of residual income is in entertainment. Recording artists work one tie to record a record and they make a residual income off that work whenever the record sells.
Residual income gives a person the ability to earn much more then they could ever earn working for an hourly wage. This is obvious because there are only so many hours in a day that a person...
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