What is passive residual income??

Definition of passive residual income:

The definition of traditional passive income is "Income
generated with minimal work from your investments such as
interest, dividends, or real estate rentals." However in
this article we are discussing creating a passive income
online. Investment of time and money is initially required
to build a passive income online, then possibly minimal
work thereafter.

The benefits of generating a passive income:

1. Make a strong initial effort to get your income started,
then do minimal work (or virtually none) thereafter,
resulting in earning more and doing less.

2. Freedom to choose when and where you wish to work.

3. Your passive residual income is not dependent on a 9-5
work week and can be generated 24 hours, 7 days a week.

4. Able to give yourself a pay raise whenever you want by
creating multiple income streams.

5. Create an unlimited amount of income - you are only
limited by your imagination.

6. Have more free time to spend time with your family,
friends or go on vacation.

7. Ability to give to charitable causes.

8. Create residual income for your future retirement.