Many of us are unknown about the income types and sources we have. We simply assume that we do work get the money, we do business get the money this is our income. But you will be very surprised to know that there are two income types having many sub categories in it and how it is important to every one of us let’s see in details.
Types of income
In finance, there are two types of income, “Active Income”, and “Passive Income”.
1- Active Income
As name suggest money earned by doing certain activity is called Active Income. Like people work in company 9 to 5 and get salary, some people do buinsess and make profit.