In this fast pace of life unexpected things come up, which a person can’t afford to deal with on the spot. Savings is the demand of the day; it adds up over time. Residual income is that amount of income which an individual saves after fulfilling his day to day expenditure. It definitely enhances peace of mind, decreasing your stress, as you know that you are prepared for the unanticipated, that life will throw at you.
The amount left after subtracting the expenses and debts from the person’s take home pay is the residual money, which can later on be utilized for other expenses. Residual income is a very attractive way of earning money.