Question

Residual income means that you have to work for your money.

A. True
B. False

Answer 1

Answer:A. true

Step-by-step explanation:

Residual income is not free money. It requires an upfront investment of money,hard work,or sweat equity but once that work is completed,a stream of income has been established that takes little or no effort to maintain.

Actual meaning of Residual income:it's your monthly income minus your monthly debts, like mortgage payment and credit bills.

Extra tip:Advantage of Residual income:it builds your savings.

Answer 2

The answer is true because the economic value is determined by deducting the cost of the capital.