Total Monthly Income - Deepstash
Total Monthly Income

Total Monthly Income

The income from your job or other resources including investment dividends, pensions, Social Security benefits, rental income and more.

24

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IDEAS CURATED BY

beingcelestial

Deepstash Content Curator 📖 Collecting good reads that brings value in my life ✨ instagram.com/sheenaweee

The idea is part of this collection:

How To Build A Company

Learn more about moneyandinvestments with this collection

How to prioritize tasks effectively

How to manage your time efficiently

How to reduce stress and anxiety

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Types of Income

  1. Active Income - the most common example of an active income comes in the form of paychecks from your employer 
  2. Passive Income - this type of income is received even without active participation in the business

Investing in Fixed-Income Securities (Bonds)

  • When you buy fixed income security, you are really lending money to the bond issuer in exchange for interest income.
  • You can buy certificates of deposit or money markets, or invest in corporate bonds, tax-free municipal bonds, and U.S. savings bo...

Why 20 percent is recommended

Assuming you're in your 20s or 30s and can earn an average investment return of five percent a year, you'll need to save about 20 percent of your income so you can reach financial independence when you're older.

Financial independence means that you can maintain your chosen lifestyle entir...

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