Saving money is one of the most effective ways to get ahead in life and work toward building safety nets like an emergency fund. Throughout our lives, we are told we need to save more and cut down on expenses. In reality, you don’t need to save as much money as you might think. …
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).