MONEY MINDED
INCOME - FINANCIAL MANAGEMENT
Introduction:
Welcome friends!. In this "INCOME" post you are going to gain a great knowledge about Financial Management, Income, Income Types, Active Income, Passive Income, Portfolio Income. I ensure that you will learn completely about income in this post.
Financial Management:
* "FINANCIAL MANAGEMENT" means managing the money. Financial Management is used to multiple your money.
* Financial Management is the essential thing for improving your financial knowledge. Financial Management can improve a person from "POOR TO RICH".
* If one does not know about financial management, he will struggle in financial development. so, he can even become "POOR FROM RICH".
* Financial Management is the essential thing for improving your financial knowledge. Financial Management can improve a person from "POOR TO RICH".
* If one does not know about financial management, he will struggle in financial development. so, he can even become "POOR FROM RICH".
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| FINANCIAL MANAGEMENT |
Income:
* "INCOME SOURCE" is the first step for "FINANCIAL MANAGEMENT".
* Income source means the way in which you earn money. The Income Source is used to full fill our life by purchasing your needs and essentials.
* Income is the money earned from Job, Business or Service.
* Income source means the way in which you earn money. The Income Source is used to full fill our life by purchasing your needs and essentials.
* Income is the money earned from Job, Business or Service.
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| INCOME |
Income Types:
The Income can be generated one or multiple times. Due to its generating types it can be splitted into three types. The three types of incomes are,
* ACTIVE INCOME
* PASSIVE INCOME
* PORTFOLIO INCOME
* ACTIVE INCOME
* PASSIVE INCOME
* PORTFOLIO INCOME
Active Income:
* "ACTIVE INCOME" means the income, which is generated once for your job, service or a business.
* Active Income includes the income which is earned as a salary, wages, commission, tips etc... .
* In Active Income you can earn immediately, active income earning is less when compared to passive income earning.
* In Active Income you can earn immediately, active income earning is less when compared to passive income earning.
* Active Income jobs are,
* Working in a company
* Driving
* Teaching
* Acting
* Accounting etc... .
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| ACTIVE INCOME - JOBS |
Passive Income:
* Passive Income" means the income, which is generated in multiple times for your job, service or business.
* Passive Income is the income which is based on the compound effect, passive income increases according to the number of days.
* In Passive Income you can't earn immediately, passive income earning is high when compared to active income earning.
* In Passive Income you can't earn immediately, passive income earning is high when compared to active income earning.
* Passive Income jobs are
* Rental Property,
* E-book Selling,
* Selling Stock Photos
* Start YouTube or Blogger
* Network Marketing etc... .
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| PASSIVE INCOME - JOBS |
Portfolio Income:
* "Portfolio Income" is the income, which is earned from investment, interest, dividend and capital gains.
* Portfolio income can be highly generated from share market, investing in other companies.
* Portfolio income can be highly generated from share market, investing in other companies.
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| PORTFOLIO INCOME - JOBS |
Conclusion:
I hope now you have known your income type. Read all the post of our "MONEY MINDED".
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