First, It is also known as recurrent income or passive income and that's describes it a lot. Residual income is the income that keeps coming after doing a one-time-task. That's why I like it a lot. Residual income is a very good key for a huge wealth. All big sharks and gurus are results form having a residual income.

Why is it so good? Residual income has a unique feature which is no-more-effort-needed. You just get it done one time and then enjoy the $$$$ :) AND it also gives the time to start another one and another. So, you can have multiple streams of income while doing nothing.

It also called smart money and it is obvious why. So, if you thought about it you will find that most -if not all- rich people are doing it.

Now, compare it to any other income and see the big difference. Compare it to any job even your dream job. Residual income it the smartest business you can put you feet in and it is not easy and available for every one. You can do it for free.

You can do a residual income from any thing you like or you are good at. So, I want every one to think of what they like to do and we will try to make a residual income from it.

Also, I want you to think of an idea that can solve any problem you face in your days.

Next lesson will contain so many ways for building your residual income.