TDBell Enterprises, Inc. - Residual Income

TDBell Enterprises, Inc. - Residual Income: "

Residual Income

There are two kinds of income, static and residual. Static income is that income that comes in from working an hourly job. It is typically less than you probably should be making.
Residual Income is that income that comes in while you are doing other things. Some examples of residual income are:

Royalties on books you have written.

Royalties on Software you have written.

Dividend income from stocks.

Interest on savings, etc.

Rent payments on real estate you own and rent out, etc.

Income from work you started a while ago.

Residual income comes for a undetermined or specified time until that source expires. Book and software royalties can last years, others change as time goes forward."