10 Residual Income Ideas to Help You Build Wealth

What is residual income?

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 

Residual Income vs passive income

Passive income is the money that keeps rolling in well after the work is done. Residual income is similar, but a calculation of the actual profits after all costs are considered

Make Residual Income

Here are some ideas on how you can start building wealth with residual income!

invest in real estate

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 REITs

Most of us don't have the money to buy a literal building, but you can invest in real estate with an REIT instead. It's like an index fund for real estate and much more accessible for normal people

Start a Blog

Although not as easy to start as some folks make it seem, blogging is a great way to earn income once you get established. Make money via display ads or affiliates. 

Launch a Podcast

If you prefer talking over writing, launch a podcast. The great thing about running a podcast is once you record, edit, and publish, you can wait as people download the episode. 

Swipe up for more ideas on how to earn residual income!