Residual income refers to money left over after all bills have been paid. It is a type of passive income that can be used to build long-term wealth and financial stability, and is typically generated by investing in assets that generate passive income. So, what is the goal of residual income?

To Maximize Controllable Costs

The goal of residual income is to maximize the amount of controllable costs. This means that the investor should aim to maximize income from investments while keeping costs under control. This can be achieved by carefully researching potential investments and selecting those that offer the highest potential returns at the lowest possible risks.

To Maximize Profits

Another goal of residual income is to maximize profits. This means that investors should look for opportunities to increase their return on investments while minimizing risks. This can be done by selecting investments that have the potential to provide high returns, but with minimal risk. Additionally, investors should also consider diversifying their portfolio and spreading investments across different asset classes in order to reduce risk and maximize profits.

To Maximize Total Amount Of Residual Income

The last goal of residual income is to maximize the total amount of residual income. This goal involves seeking out high-yield investment opportunities that can generate high returns on investments. To maximize returns on investments, investors should carefully examine each option and select those that offer the highest potential returns. Additionally, investors should also consider diversifying their portfolio and spreading investments across different asset classes in order to reduce risk and maximize returns.