Residual: a quantity remaining after other things have been subtracted or accounted for.
- a difference between a value measured in a scientific experiment and the theoretical or true value.
- a royalty paid to a performer, writer, etc., for a repeat of a play, television show, etc.
I selected this word while concerned with the semi-coloned definition and second bullet-pointed one. I'll address the latter, arguably the more intriguing of the two, first.
I believe residual payments are a common ingredient for many of the individuals lucky and gritty enough to become financially independent. They can be highly lucrative from time, money, and attention standpoints.
I intend to pursue as many residuals as possible while I produce work and live. I think of residuals as a product of successful work coupled with luck and persistence. It's a way to generate enough cash currency to free up a lot more of the more valuable time currency.
The semi-coloned definition--"a quantity remaining after other things have been subtracted or accounted for."--also has interesting applications for incorporation into an operating system.
Ask yourself, What actions can I take that will have beneficial residual effects? Give special attention to those which work on the acquisition of skills and follow a systems approach; ones that would be considered a success in certain ways even if the primary objective is not accomplished.
There is no failure, only feedback.
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