Connect with us
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


Residual income: 10 ways to build them

Residual income: 10 ways to build them

Any income which can be earned passively even after the person has stopped working is Residual Income.

It is the one-way millionaires and billionaires use globally, to remain consistent with their financial status. The investment to build residual incomes needs strategy and a keen eye for business. Who doesn’t like surprises and especially one which is loaded with funds? Residual income is one way of ensuring that your life keeps on surprising you and here are 10 ways to build it without any delay.

10 ways to build them:

  1. Put your home and Apartments on rent

Websites like Airbnb which lets you put your villa and luxury house on rent is one way of earning without any investment. Moreover, it helps you in maintaining your already consolidated properties. Other real estate websites are the right platform to put one’s home and apartment on rent for longer duration and for an appropriate price.

  1. Peer-to-peer lending

Involvement of banks can be a hectic process sometimes. Although banking is always the safest alternative but to put some amount of money in your inner circle for it to come back years later is not a bad idea either.

  1. Lending vehicles

Many newly launched websites and travel agencies let us rent our vehicles to tourists or travelers. Considering other options, this one is the most feasible as one can easily make money out of a vehicle which is being used less and spends days waiting for a ride around the corner in our garage.

  1. Owning a production house or a YouTube channel

Vloggers are earning in thousands and if there is any celebrity name attached to it then the sky is the limit. With every subscriber, they move towards a higher figure of earnings. If you believe that you lack creative ability to create content on a channel then you can always hire someone to do that for you or to buy the whole channel with a good base of subscribers is always a wiser choice to make.

  1. Stock market investment

Depending upon the experience with stock market one can either hand-pick few stocks to invest in or invest in a couple of Index funds. The only downside of this lane is that it requires comparatively large investment to see any considerable benefits. To choose better investment plan many brokers and guides are available online and offline to help through the lanes of Wallstreet.

Any income which can be earned passively even after the person has stopped working is Residual Income.

  1. Books, movies and songs

Not every individual inherits the talent of writing but this door leads to the palace of royalty (amount depending upon the success) for a lifetime. This creative investment is popular amongst students with an inclination towards arts and music.

  1. Create an App

In the age of Smartphones, Apps are obvious hits. Many students, as well as tech-freaks, are coming up with brilliant ideas for Apps which optimizes our lives in one way or another. Certain skills are required to build an App but a person with a great idea can always hire an expert to create an App on their behalf.

  1. Create a website

With the market overflowing with an e-commerce website, several opportunities have budded in the process. Business or not, market always have space to squeeze in one more brilliant idea for trade and services. Depending upon your budget of investment, dealings of a website can be limited to your locality or it can go international as well.

  1. Working with AdSpace

If there is any chance for you roaming around the city in your vehicle then AdSpace gives you money exactly for that. This requires you to move around the city with a banner stuck around your vehicle.

  1. Come out of debt

This one may not sound like an investment but it is most important to build any Residual Income for solidity. Living a debt free life is a dream of half of the population. To create a future without any worry of debts is one way of ensuring that all Residual Income comes into your pocket only.

Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking and Finance Review, Alpha House, Greater London, SE1 1LB, You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post