A residual income is one that comes in no matter what--even when you are not working (or can't work.) It's something all of us will someday want and possibly need.
There are several paths to creating a residual income. I am going to quickly give you three ideas on how to get it done:
1. Invest small amounts of money over a long period of time.
Doesn't sound to exciting, huh? Well, just take a trip in a time machine with me...
Imagine your parents had begun putting away just $1 a day into a fund for you since the day you were born. If they had followed some simple rules, here is what you would have: