Seven Types Of Income — Why You Should Earn All 7 for True Wealth

ByBalachandran Viswaram

Legally there are only 7 ways to earn money. They are: 1. Salaried Income 2. Self Employed | Profit Income 3. Interest Income 4. Rental Income 5. Capital Gains Income 6. Dividend Income 7. Royalty Income AI Genarated Image We will discuss all 7 today, but the most important takeaway is that these are not…

The concept of Wealth, Income and Assets

ByBalachandran Viswaram

There are 4 factors of production namely Land Labor Capital Entrepreneur Land gives you rental income. Labor is the human resource that you employ. Capital is the fund adequacy you maintain. Entrepreneur is the business acumen you have in coordinating the other 3 factors. You need all four factors working together to create “True Wealth”,…