Residual/Passive Income means: NO WORK!

The terms “Passive” and “Residual” Income mean: NO WORK!  Stated another way, Residual/Passive income means owning an asset, which earns you regular or monthly income without you having to do any work for it, such as ownership of: rental property, like apartment buildings, or stocks, bonds, oil/gas wells, gold/silver mines, book, music or movie royalties, and businesses you own, but do not operate or manage (Self-generating Network Marketing businesses are in this category).  You just receive income from owning the asset.

See full explanation at: http://referuniversity.com/passive_income.htm

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