The types of income

Among the most popular types of income are:

1- Earned income: is the income you receive when you work for money, such as the income of employees.
2- Portfolio income: is the one that comes from paper assets, such as stocks, bonds and mutual funds.
3- Passive income: it comes from the well-known roots, as well as from royalties, patents, or as use of intellectual property such as songs and books.
We must focus on generating portfolio income and liabilities to achieve financial freedom, it is important to have more than 4 types of income that allow us to have a very large capital to give us the quality of life that we propose.