Residual income is the money you have left after your bills are paid. Another term for it is discretionary income — fitting, because residual income is yours to do with what you want. Ideally, you’ll ...

Passive income and residual income are two types of personal revenue that separately or together can have a sizable effect on an individual’s financial comfort and ability to reach financial goals.

When I first started investing, I believed what most people are taught: work harder, save more, climb faster. But here’s the truth: Financial freedom doesn’t come from trading time for money. It comes ...