Below are a few examples to earn residual income:
Dividend paying stocks
Building a business
Investing for appreciation can lead to disappointment in certain markets whether it be a stock market crash or a real estate crash. But if you focus on residuals instead, your focus is on bringing in steady income rather than the hope that the good days will go on forever.
That’s why the actors guild rallied for residuals because an actor needs that steady income to get them between gigs. We want to invest for residuals that we can count on each month rather than hoping we’ve saved enough for retirement when we don’t even know how long we’re going to live.
Take the guess work out of retirement and learn more about residual income producing investments. Often times they offer way better tax incentives than a typical 401k in the US or RRSP in Canada. I have a new program I’ll be launching soon on how to find and purchase residual income producing rental properties in any market.