what are some good ways to build a residual income?

Question by Carlosincharge: what are some good ways to build a residual income?
I have about 25K to invest…

Best answer:

Answer by TJS
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.

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