Types of Income - Deepstash

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
  3. Portofilio Income - comes in forms of investment divdends and capital gains.

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MORE IDEAS FROM What Is Active Income?

Active Income

This referes to the income received for performing a service. Some examples of active income are: wages, tips, salaries, commissions, and income from businesses that hae material participation.

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1. Why Udemy?

Udemy is like YouTube, but instead of scattered content, teachers structure videos into courses. Many of these courses are priced at $59.99 or above. However, with Udemy’s year-round promotions, most sell for $9.99.

  • Anyone can upload a course, and if it sells, you get half the royalties.
  • Udemy collects the other half in exchange for promoting your course.
  • If you want to market courses yourself, you can use referral links and receive 100% of the profits from each sale.

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Boosting your savings

While frugality is undoubtedly important in personal finance, boosting your savings can also be done by earning more money.

Whether you're self-employed or working for somebody else, your income is determined by three factors.

  • Your knowledge and skills.
  • Your productivity, both in quality and quantity.
  • Your ability to sell yourself and get paid what you're worth.

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