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This question is about salaries.
Residual income vs. passive income
The difference between residual and passive income is that residual income refers to income that continues to be earned after the work has been completed, while passive income refers to income that is made with little to no continual effort or work.
Residual income can come in several different forms. It is also used in the entertainment and book industry.
For example, writers or publishers of novels might receive residual income on book sales, and this comes after the writer has finished the book and after the publisher has published it. Actors are another example, as they might receive residuals for a film.
Both individuals and companies can gain passive income. The main concept of passive income is that the receiver gets money for something they have set up but do not have to continually work on, though some forms of passive income require continuous minimal effort. An example of passive income is real estate investments that continue to pay.
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