What is Passive Income?
Definition: Passive Income (1) Income derived from business investments in which the individual is not actively involved (2) Income received on a regular basis, with little effort required to maintain...
View ArticleWhat is Residual Income?
Definition: Residual Income Recurring payments that you receive long after the initial sale is made, usually in specific amounts and at regular intervals. Examples of how you can earn Residual Income:...
View ArticleDifference between Passive Income and Residual Income
Define: Passive Income and Define: Residual Income Based from the definitions above, we can say that Residual Income is a type of Passive Income, because there are also other ways to earn Passive...
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