You’ve probably heard the term Residual Income floating around a bit, and wondered what it means.
A friend of mine in our business has just summed it up very simply:
In January 1998 he spent 35 minutes showing a friend of his dad how to save money on her bills, and yesterday he got paid for that conversation for the 276th time for that 35 minute chat.
What other job do you get paid month after month for doing something once?
That’s residual income explained versus linear or job income.
Which will you choose?
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Financial Peace UK 