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Residual Income: What It Is and How to Earn It
Residual income is a financial term that refers to the amount of income an individual or business has left over after all expenses and debts have been paid. It is also known as passive income, as it is generated without the need for active involvement in the income-generating activity. Residual income is an important concept in finance, as it is a measure of financial stability and can be used to evaluate investment opportunities. The concept of residual income is based…