The Three Different Types Of Income You Must Know

Let us take a look at the different types of income. They are:
1. Earned Income
obtained from working for someone or a company.
2. Passive Income
income generated from business.
3. Portfolio Income
income generated from investments in paper assets.
Let?s have a closer look:
Earned Income
Earned Income comes from having a job in a company or in someone else?s business. You get paid for your time and services rendered. In the previous section, we mentioned that workers work just hard enough not to get fired and employers pay just enough for workers not to quit.
This indicates that the income an employee can generate from working for an employer is limited.
There is the possibility that an employee may devote extra effort thin View the rest of this article