How many types of income are there?
The three main types of income are earned, passive and portfolio. Earned income includes wages, salary, tips and commissions. Passive or unearned income may come from rental properties, dues and limited partnerships. Portfolio or investment income includes interest, dividends and capital gains on investments.
What are the six 6 sources of income?
Apart from diversification, there are other ways to generate income known as the seven income streams; On the same subject : Why can money not buy you happiness?.
- Earned Income.
- Profit Income.
- Interest Income.
- Dividend Income.
- Rental Income.
- Capital Gains Income.
- Royalty Income.
What are sources of income? which provides a regular supply of money, such as employment, investments, pension etc.