Top Residual Income Quotes

Today, I’d like to share some popular residual income quotes I found online. Before I share these quotes with you, I would like to take a moment or two and educate you about residual income.

Residual income is money that comes in month-after-month, for something you previously did. Examples of residual income include insurance premiums, investment dividends, military and government pensions, rental payments from real estate, book royalties, network marketing commissions, etc.

Most people do not have residual income. Instead, they trade hours for dollars. This is known as the trading time for money trap and it’s the number one reason most people have to work hard their entire life. On the other hand, residual income gives you the opportunity to take back your life and live life on your terms. You have residual bills. That’s why you need residual income.Residual Income Quotes

Top 17 Residual Income Quotes

I scoured the internet searching at least 25-30 different websites to find these residual income quotes. I also scanned through hundreds of memes and images. I hope you enjoy these residual income quotes as much as I do. After each quote, I will also share my own two cents about it. Keep in mind, they are listed in no particular order.

# 1: If you do not find a way to make money while you sleep, you will work until you die. ~ Warren Buffet

Most people spend their entire lives trading hours for dollars, and end up broke, because they never took the time to learn how to invest, build businesses, and create residual income.

# 2: You become financially free when your passive income exceeds your expenses. ~ T. Harv Eker

Let’s suppose your monthly expenses are $3,000. Once you have $3,000 per month in passive income, you are financially free. The fastest way to become financially free is to get out of debt, keep your budget and expenses minimal, and live off a residual income, even a modest one.

# 3: The greater the passive income you can build, the freer you will become. ~ Todd M. Fleming

As your passive income grows, and your debts stay low (or are eliminated) you have more and more freedom. The goal with your passive income is to get out of debt and stay out of debt and reinvest your passive income so it continues to grow.

# 4: Residual income is passive income that comes in every month whether you show up or not. It’s when you no longer get paid on your personal efforts alone, but you get paid on the efforts of hundreds or even thousands of others and on the efforts of your money! It’s one of the keys to financial freedom and time freedom. ~ Steve Fisher

I chose network marketing because I wanted the leveraged, residual income that it offers. If you can build up a big team, you can build up a large, stable, long-term residual income. There are many people in our industry who have received large five figure monthly residual checks from the same network marketing company for 20, 30 even 40 or more years.

# 5: I’d rather have 1% of the effort of 100 men than 100% of my own effort.” ~J. Paul Getty

If your income depends solely on you, you will either max out or burn out. If you get hurt, fired, sick, or take time off, you lose your income. On the other hand, when your income is dictated by what 100 other people do, you have a very secure income.

# 6: If you understood residual income you would walk through a brick wall to get it. ~ Art Jonak

Most people have been taught to trade hours for dollars. It’s all they know how to do. However, once you learn about residual income, you have an obligation to pursue it.

# 7: I have a problem with too much money. I can’t reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer. ~ Robert Kiyosaki

The rich live off investment income and residual income. They focus on growing assets (investments and businesses) that increase in value and pay dividends.robert kiyosaki passive income

# 8: The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income and/or portfolio income. ~ Robert Kiyosaki

There’s nothing wrong with having a job. As you earn money, invest a portion of your earnings each payday. Pay yourself first and buy assets that appreciate and pay residual income. This is how you can earn your freedom from your job.

# 9: The best way to create passive income is to buy real estate once and get paid for it forever. ~ Mike Wolf

Real estate has proven to be a very secure long-term strategy to create wealth. While the stock market is very volatile, the real estate market is normally much more stable and predictable.

# 10: I personally feel that the # 1 benefit of having my expenses covered by passive income is that I get to keep doing more of the kind of work I enjoy. ~ Steve Pavlina

When you have enough residual income to be financially free, you can do whatever you want to do. You can pursue your passions and live each day on your terms.

# 11: I’d rather spend 3 to 5 years building a passive income stream than working in a job that I hate for 40 years. ~

Taking a few years to create a business that can provide you residual income is a great deal. Yes, it’s a lot of hard work. Sometimes three to five years feels like forever; however, time does go by quickly. At the end of the day, you’ll be glad you built up a residual income.

# 12: If an opportunity doesn’t knock, build a door. ~ Milton Berle

If you can’t find an opportunity, create one. Most of us are exposed to new opportunities all the time. It’s our job to be open minded and recognize an opportunity when we find it.

# 13: Don’t be addicted to money. Work to learn. Don’t work for money. Work for knowledge. ~ Robert Kiyosaki

If you must work in a regular job, pick a job based off what skills you will learn in that job, not the salary it pays. Even if the job pays a small salary, it can still be greatly beneficial if it teaches you skills that can help you become financially independent.

# 14: Ninety percent of all millionaires do so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner invests his money in real estate. ~ Andrew Carnegie

I agree. Most of the people I’ve met who are rich and have a solid residual income did it through real estate.ray higdon passive income

# 15: If you don’t have any residual income or passive income, or at least a plan for residual income, you’re living a very risky life. There is no security in a job, even a high paying one. Be smart and don’t rely on just one source of income. ~ Ray Higdon

Everyone needs passive income. You have residual bills, so why not have residual income?

# 16: The average millionaire has seven streams of income. ~ Warren Buffet

The rich buy assets and businesses and reinvest their profits to create additional income streams. Even an ordinary, average person needs multiple streams of income.

# 17: He who makes $25,000 annually through passive income is more enviable than he who earns $100,000 annually through a salary. ~ Mokokoma Mokhonoana 

Earning even $2,000 per month in passive income is a great deal, especially if you reinvest it and grow it. Or you can use it to get out of debt, keep your expenses low, and live a great life. You choose!

Final Thoughts 

I hope you have enjoyed these residual income quotes. Which quote one on my list of top residual income quotes is your favorite and why? Leave a comment below to share your thoughts. I look forward to hearing from you.

Also, do you have residual income? If so, what did you do to create it?

chuck holmes


Chuck Holmes
Network Marketing Professional (since 2002)
Author, Blogger, & Entrepreneur

P.S. Level up your life today! FREE resources to help you improve your health, finances, business, and relationships. I'll even give you FREE leads and a free business plan template. Learn more.

12 thoughts on “Top Residual Income Quotes”

  1. Impressive collection…I find these quotes very relatable as we are living in very uncertain times, because of the pandemic mainly. Job insecurity has been at an all time high and individuals who’ve had sources of passive income have visibly done better than those relying on the jobs solely. I wish these concepts would be made a part of our education so that students can get multiple perspectives about earning and would not get stuck in a rut once they step out of their education life. One needs to step out of their comfort zone if they want to explore alternative means of income. Otherwise they would probably be doing one job for the rest of their lives with the restraints that come with a routine job.

    1. People should be open minded about different ways to earn money. Sadly, most people are not. It’s really not their fault though. We’ve been conditioned to be employees our entire lives, and we’ve never been taught how to be an entrepreneur or investor.

  2. ” If you do not find a way to make money while you sleep, you will work until your die ” Warren Buffet. ”
    ” I’d rather spend 3 to 5 years building a passive income stream than working in a job that I hate for 40 years. ”
    ” If an opportunity doesn’t knock, build a door. ”
    So powerful words, so powerful and inspirational quotes. My mindset has changed so much while reading this. Great selection of quotes, Chuck!

  3. This is something that should be taught in school and at the universities. Instead, we are taught to trade hours for dollars. No one is taught how to start a business, invest, or do any of these methods they could follow to create residual income. What a shame!

    1. I wish it was taught in school. I have three college degrees and I never had one hour of instruction on starting a business, investing, or residual income. I’m not sure how that is even possible. People should at least learn about it and then they can decide for themselves if it’s something they want to pursue.

  4. This article about residual income gave me lots of great ideas. I really enjoyed the quote: “I’d rather have 1% of the efforts of 100 men than 100% of my own effort” by J. Paul Getty. Having a leveraged income is the only way to really skyrocket your income without everything depending 100% on you.

    1. Yes, that J. Paul Getty quote is one of my favorites. Leveraging yourself just makes sense. You can do that through people, time, or money, a combination of those things. I like the MLM route because of the low cost and low risk it offers.

  5. Those are very good inspirational quotes from very successful people. Passive income has to be one of the most delightful ways to make money. People really need to learn to invest and build from that and not just to work for salary. Even if its by simply buying real estate and renting it, its still a very good way of earning money. Having a steady flow of money every month just by owning something is really something great. Plus you can invest it further into more things later. As for quotes I really liked Robert Kiyosaki ones. They really capture the essence of the theme of residual income.

    1. I agree with you Marko. Everyone needs passive income. Even just a few hundred dollars per month of residual income would be completely life changing for 80 to 90 percent of the world’s population.

  6. These quotes are eyes openers. Thank you for this post. My favorite quote from the list is “if you don’t find a way to make money while you sleep, you will work until you die”. This explains it all. People who do 9 to 5 jobs are always scared of losing their jobs and they end up doing all sorts of things to save their jobs. This quote is a motivation to make money while you are sleeping which is very possible. I would like to see more of these quotes here.

    1. Everyone needs residual income. Everyone. They don’t have to do network marketing, but they should find something they can do that offers it. Otherwise, you will be stuck trading time for money for 40, 50, even 60 years of your life.

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