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8 different types of income

8 Different Types of Income And How You Can Create Each One!

The 8 Different Types of Income Streams.

• Earned Income- Earned from working a job.
• Profit Income- Earned from buying and selling Products.
• Interest Income- Earned from Lending money.
• Residual Income- Earned when the job is done and you still get paid.
• Dividend Income- Earned through owning stocks/companies.
• Rental Income- Earned through renting out properties.
• Capital Gains Income- Earned through the sale of Appreciated Assets.
• Royalty Income- Earned through someone else selling your idea(s).

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Entrepreneurs perspective of investing in business

The Entrepreneurs Perspective To Investing In A Business

One great way is to learn about business and in turn, learn how to evaluate a business. The best way to learn about business is the entrepreneurial way, own your own business! You don’t have to quit your job or stop going places with your friends. A side gig, a side hustle, doing something like that will do two things.

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man sitting in a chair with his feet up overlooking the beach and ocean.

Here’s Why My Retirement Plan is Safer Than Yours!

Retirement, the one thing most of us all long for, also, the one thing that more and more people are going to struggle within the coming years. The gap between the wealthy and the poor is getting larger and larger all the time. Soon, a lot more people

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man in blue shirt sitting with his hands on his head worried.

How To Save Money And Pay Off Debt At The SAME TIME!

Are you burdened with debt? A debt or multiple debts that you’re struggling to repay? Don’t worry, with the right plan it will get easier, I promise. If you use this as a guideline you will become debt-free. There is no doubt in my mind. Where does it

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assorted colored skittles lined up

The Pros and Cons of Saving Money Vs Investing Money!

Do you have money sitting around? Do you want money sitting around? What do you have to do to invest money, or should you save money rather than invest? Difficult questions? Absolutely, Let’s look at the pros and cons of Saving Money vs Investing. When the cards are

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A stack of gold and silver coins with a clock in the background.

Liability Definition

A Liability is the obligation of a Company or Entity to repay a Debt or Expense due to current or past operations of the company. To make that simple, A Liability is the obligation of a company to repay a debt.

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aerial view of a large maze made from hedges in a garden

How Professional Investors Hedge Their Portfolio

What is Hedging? In order to understand what Hedging is, you need to have an idea of why you should want to Hedge in the first place. If you go to work every day, make money, pay for your house, car, food, family expenses and manage to save

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