In this article, I am going to discuss the differences between passive income and residual income. Passive income is money that you make from a project, but you are not actively working on it. Residual income is money that you make from a project even after it has stopped making any sales or revenue. How does passive income work? Earnings from a rental property, a limited partnership, or another business in which a person is not actively involved are considered passive income. Passive income typically incurs taxes, […]

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