A Simple Guide To 3 Types Of Income – Pros & Cons

What kind of income are you earning right now? Would you like to have more than one source  of income?

Main Types  Of Income

1. Earned Income

This income is usually earned by self-employment, working for a firm, or in your own business. It refers to salaries, commissions, wages, or profits.

Passive income is the income you earn from investments. These can be by owning assets or other commodities.

2. Passive Income

3. Portfolio Income

Portfolio income is the income you receive when an asset or any other investment is sold.

Know and be inspired to diversify your income into multiple streams. Earning more money will help you be well on your way to financial empowerment.

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