Residual Income

Subject: Residual Income Wed Jun 03, 2009 3:02 pm

Residual Income:

This type of income is also called Passive income: It is describe as income that continues to generate after the initial effort.

Our regular 8-5 and 9-5 job is regarded as linear income.

It is always a good idea to have form of residual income. Like our grandparents use to say, never you put all your eggs in one basket or else when that basket fell, all the eggs will be broken.

Ways in which you can make residual income.

1. Writing ebooks and offer them for sale online. Ebooks can be on anything that you are an expert in. It could be food preparation, cars, gardening, etc.

2. Write post to blogs and forums.

3. If you are great with video. You can create videos for YouTube .

4. If you are good with graphics, simply design themes for blogs and forums. Example, the theme that I am currently using was design by someone. Simply search for company’s online that will pay you for your themes.

5. There exist a number of legitimate online programs that you can use and generate some extra income.

I will bring you more on residual income in part 2.