What is Income?

  

What is income?              

 Let's know friends, who is called income or who is called or who is earning?

 I am your friend mr RoyFinancial advisor keeps giving you solutions to your financial problems.

 So stay tuned with this blog

Income / 

 A person or company is paid to that person or company in exchange for the work done by that person or company or the assets invested by him, that is, the same amount is called income, income or earnings.

 Any person does work. The reward that that person gets for doing that work is called income of that person. Or that person is called active income or active income.

 Or the additional amount received by that person, organization or company by depositing active income and investing in some place is also called income or income, this type of income or income is also called passive income.

 Eg: - Getting wages by the laborer

 All this is called income by the company for profit.

 Income means how many types of income are there?

 let's know

 There are mainly two types of income for any person or company.

 1. Active income
 2. Passive income

 Let us know about these two incomes.

 1. What is Active income? 

 First of all know what is active income?  That is, what is called active income.

 When the person or company generates the income on the basis of its working capacity, it is called active income.

 It is the most important source of income for any person or for any company. Because only on the basis of this income source, any asset or any other income source can be imagined.

 This is the source of income where a person or organization creates assets on the basis of its work ability or skill or accordingly, and then concentrates on some other sources.

 ***  Here you have to put yourself in the form of investment.

 2. what is Passive income

It is the source of income where the person earns or creates income by investing the assets created by his active income or by using the property of his ancestors. That is called passive income.  It is not needed, does not need to be, nor is there a need to be present.

 Note :- 

Without active income i.e. without active income it would also be wrong to imagine passive income.

 *** Here you have to put your assets in the form of investment.

 In the coming post, we will know how passive and active income can be done?

#assetguru Mr. Roy