Become an expert in the fascinating world of residual income vs passive income. These aren’t just buzzwords, they’re gateways to a life of disposable income, allowing you to explore the world on your ...

Residual income is the money you have left after your bills are paid. Another term for it is discretionary income — fitting, because residual income is yours to do with what you want. Ideally, you’ll ...

The thought of earning money without doing any active work sounds pretty nice. When people talk about “earning money while you sleep” (even though that’s a myth), they’re usually referring to passive ...

When it comes to balancing your finances, the more money you have left over at the end of every month, the better. In fact, by ensuring that you earn more than you spend, you can build a path to ...

There’s a saying in the corporate world: “Don’t make yourself irreplaceable. If you can’t be replaced, you can’t be promoted.” As an entrepreneur, this is still true in its own way. Let’s think of ...

The CFPB wants to make sure that consumers who take out loans can meet their obligations and repay their debts--a laudable goal that responsible lenders share. However, the CFPB’s proposed ...

On financial statements, the terms profit and income are interchangeable. Gross profit, or income, and operating income, or profit, are very closely related, but distinct financial measurements. A ...