Hello LLBBT People. How are you today? May you always be in good health and always in abundance. Amen.
Income is divided into 3 types. The first is active income, the second is portfolio income or paper income, and the third is passive income.
1. Active Income
Active income is the income we get when we have to be active, for example, work and then we get a salary. So that is what is meant by active income.
2. Portfolio Income or Paper Income
The second is the income portfolio. What is an income portfolio? That is, income is derived from various types of investments, for example, from property that we buy at such a price and in 5 years it is sold to generate a profit.
3. Passive Income
Then the third is passive income, namely, income obtained from property rental, for example, we buy the property and then rent it out. So that we have income, we don't need to do anything else. This is what is called passive income.
So that's 3 types of income that you should know. Hopefully, we have all these types of income in our lives.
Thank you for reading this article, hopefully, it can be useful and add to your insight. Feel free to visit other articles on this blog. See you in the next article
