Residual Income
There are two kinds of income,
static and residual. Static income is that income that comes
in from working an hourly job. It is typically less than you
probably should be making.
Residual Income is that income
that comes in while you are doing other things. Some examples
of residual income are:
Residual income comes for a undetermined or specified
time until that source expires. Book and software royalties can
last years, others change as time goes forward.
