There are two different yet similar meanings to the phrase residual income. One is the amount of cash you have left once your bills are paid. When all is said and done and your balances are paid down to zero, whatever is leftover is your residual income. Lending institutions will look at this cash on hand and help determine your loan worthiness. Close but not quite the same meaning, residual income is also money that you make continually from something you did only once. By selling certain products, you can earn residual income, even while you sleep!
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