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Three Different Types of Income
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[QUOTE="Etini, post: 283219, member: 90141"] And to be truly rich, you must have at least two of the different types of income. If you have three of them, your life is completely guaranteed. Most people have just an active income and I dare say that it is not enough. Passive income or residual income is important for a person to have. There are times when your active income source has challenges and your passive income has to bail you out. I have lived as a practical example of this. There are times when my poultry farm has challenges and I can't sell for the time being. My writing side jobs step in to sustain me. When my main source kicks back, I revert to saving my passive income. You would find it easier to save if you have a passive source of income. It is important for everyone to have at least two types of income. [/QUOTE]
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