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PERSONAL FINANCIAL PLANNING 2013 [PART TWO]

5 years ago | 3251 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:
  1. Earned Income: Salary
  2. 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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