What Is Residual Income? 10 Residual Income Ideas to Build Your Wealth

Residual income is an income that can be passive. The calculation determines how much profit or excess income is available after all expenses are paid off. 

It is the leftover money we have after we have paid off any personal or business debt.

Most people trade time for money, but we create income streams without trading in more time with the residual income. These income streams are passive and allow us to keep our time without spending it to make more money.

Owning real estate can be a great way to generate monthly income. You can purchase a single-family home, duplex, or even apartment building. 

Invest in Real Estate

Vacation Rentals or Short-term rentals

Airbnb has become huge over the last many years. If you have a free room in your house, you can rent that out.

Have you heard of index funds? They are one of the simplest ways to build wealth with your money in the stock market.

Invest in the Stock Market

Invest in REITs

Some cities and states have banned employers from asking questions about salary history, but it could come up. 

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