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3 Responses to “what are some good ways to build a residual income?”
25K isn’t a very large amount for the purpose of investing for income. Conservatively invested for income you would probably only produce a little over $1,000 a year.
I would instead invest in a growth stock mutual fund, and over time add more of your own money to the fund. As it builds into a larger amount, and as you reach retirement, then you can begin investing for income with you much larger nest egg.
Otherwise, you could invest it in a small business you start yourself. If it becomes profitable that can be your income account.
By TJS on Feb 17, 2008
Buy stocks with rising dividends and re-invest them:
UTF, DVM
By slavaret2 on Feb 20, 2008
Well, some people opt to be internet marketers and join programs that allow for residual income…For example let’s say you join a program and based on your online referral a sale is made, then you can continue to make income off of that sale for months or years to come…If you want to learn about being an internet marketer I suggest you try the site below, I have learned a lot through that program…Additionally, there was only a small investment needed…if you want additional free programs to join email me and I’ll tell you of some that pay residual income…Hope this helps
By jadan g on Feb 22, 2008