PERSONAL FINANCIAL PLANNING 2013 [PART TWO]
11 years ago | 5526 Views
SOURCES OF EARNING INCOME
• There are several sources of earning such as salaries, rent, interest, dividends, etc.
• There are basically two types of income:
- Earned Income: Salary
- Passive Income: Real Estate, Rent and Capital Appreciation, Royalties, Businesses run by others, Stocks, bonds, mutual funds.
EMPLOYEE’S PRIMARY INCOME
• Reviewed salary–a new financial empowerment
• Monthly salary.
• Annual Bonuses
• Promotion differentials.
• Loan schemes, Advances, Housing Allowances, Personal Loans etc.
• Estacode, training allowances, per diem.
• Share of profits, share of dividend etc
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