Strive to have multiple sources of income. Here are a few sources that are great to have in your portfolio.
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1 Business Income
Profits and losses, which is your revenue minus the expense of conducting and operating your business. Many entrepreneurs take the risks by leveraging money and time.
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2 Investment Income
This can be a passive income source as well. Investment income is earned when there is an increase in the value of investments.
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3 Passive Income
Income you make when you are sleep! This kind of income can keep on rolling in from work that has already been done. This is the favorite for sure!