The Four Pillars of Personal Finance #1 INCOME

Income is the foundation of your personal finances and includes all parts of your cash flow – the money you take in from all sources. It includes your salary, pension or Social Security, income from rental properties or investments.

Income refers to all the money that one generates within a period. You can calculate either monthly or yearly. Though a monthly calculation is suggested to manage the cash flow, keeping a track of income and expenses will help you achieve short-term goals.

you can earn income from investments like rental income, interest income, capital gains, etc. There are many options that you can explore only if you are creative. An additional source of income will always keep your balance sheet positive and help in building your net worth. So, start exploring new sources!

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Видео The Four Pillars of Personal Finance #1 INCOME канала Everything Financial - Complex Concepts Made Easy