Now that we have discussed passive income as well as some extra income ideas now lets look at residual income,
Are you attached to your money?
for those who are used to working for an employer you may have a hard time understanding the full benefit of not actually being tied to your money, what that means is if you stop going to work your weekly paychecks will stop also, see if you do not do the job you were hired for you will not get paid, well that is a no-brainer, but what people do not know is that it is possible to earn residual income when faced with financial problems, they want income that will keep coming day or night no matter if you leave the house or go to the beach or take a vacation, it is not tied to your immediate action.
Residual Income ideas
Some of the best ideas for residual income would be a membership site to a club, because each member pays a monthly fee each month for the service or to be a part of the club so they can learn something to help better themselves or they may want to be part of the club so they can network with like minded people, it is a place that they can go and they feel that the monthly membership is worth the investment, now for a small business owner this is a good way to receive residual income.