This type of income is typically earned through self-employment, working for a company, or running one's own business. It encompasses salaries, commissions, wages, and profits.
Investment income doesn't require active work like earned income does. Instead, you allocate your hard-earned income into long-term investments and receive returns.
In this income category, money is not actively generated over time, but rather obtained in a lump sum when selling an investment at a profit.
The best way to increase your income is to participate in passive investments. Some of the best passive investments are: – Stocks – Real estate – Affiliate marketing
If you want to live well emotionally, anywhere between $60,000 and $75,000 would work.