if you can find some kind of safe bonds paying at least 3% interest, you should be able to achieve your goal with little risk to the principle - savings accts and cd's won't do it - they don't pay enough - stock/mutual funds/ETF's would probably more than do it, but your principle will be at risk

My opinion? read "Creating Wealth" by Robert G Allen. When you finish reading that book, you will know exactly what to do with it.

Best of luck bud.. Remember, you ARE asking Yahoo. if you want money, you learn from guys with MONEY, SERIOUS money. They know how to make it, they know how to keep it. Also check out Mike Dillards site. "The Elevation Group".

AND if you liked my answer, please check out MY site,

thinkingmananswers.jimdo.com Great question by the way, "Aaron"

I know i can put some of it into a saving account, CD, mutual fund, government municipal bonds, invest some but I would like to have Residual Income of at least $2500.00 a month after taxes of course. I have a standard of living, I know might take one or two years for some of the money to build up so I can have the Residual Income .