When you begin exploring the 7 income streams, you’ll find that these will follow into two types, active and passive. Both are valuable ways to make money, but each is a bit different.
Otherwise known as your salary or typical monthly income from your primary job. This earned income is typically subject to taxes, although likely at different thresholds depending on the amount.
Find out your interest rate by checking your bank statements. If you have funded any loans, you are also likely to be eligible for interest as the principal amount is repaid.
The stocks and shares you invest in may yield dividends, or you be paid via dividend if it fits with your company structure. Dividends are more commonly known as a share of the profits.