PERSONAL FINANCIAL PLANNING 2013 [PART TWO]

4 years ago | 3130 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

Click on the link below for the article.

0 LindaDiokpa

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