Multiple Streams of Income: Earned Income – Can It Make You Wealthy?

Sources of income can be categorised into 3 broad types: active (earned) income, passive income, and portfolio income. Any money you ever make (other than maybe winning the lottery or receiving an inheritance) will fall into one of these income categories. In order to understand how to become rich and create wealth, it's vital to understand the interplay between these 3 sources of income.What is Earned Income?Earned income (sometimes called active income) is linear income you earn through

Read more ...