7 Sources Of Income That Billionaires Have

 Hello Guys, 

In today's post we will discuss about different sources of income that rich people have and how you can make money using these sources and be millionaires and billionaires in future. So let's discuss without wasting time. 

Must Read :- Benifits Of Creating A Skillful Course

• Earned Income :- It is the income that you earn from your profession and it is the basic source of income that you later invest to make other sources of income like buying property , shares and many more. It is the income that you earn from self - employment or job. It can include bonus, tips and commissions also. 
  
  
  

• Profit Income :- It basically means the revenue that remained after deduction of expenses. It is also called net income.  For e.g. a person is doing his business then his/ her net profits income is the remaining capital after spending in manufacturing og product, packaging and marketing and other extra expenses. 

• Interest Income :- It is the income that a person earn from his capital by giving it to other person/company/bank/others. The amount of earning depends on the rate of interest and type of interest weather  it is Simple or Compound Intrest. The intrest can vary from 4-5%-36% /annum and many more , then the amount of return is also depends on it. 
  
  
  

• Dividend Income :- It is the income that a person/investor get from the company in which he /she has invested. It may be in stock market or private limited company in that he/she has invested. Many companies give some percentage of income as dividend to his investors. 
  
  
  
  
  
  
  

• Rental Income :- It is the income that a person get from his real estate business. He/She earns by giving his /her property to other person for a limited time in exchange of money as a rent and the income generated by this process is called as rental income. The amount of rent depends on property and the area of the property. 
  
  
  

• Capital Income :- It is the gain on the sale of fixed assets. This income is generated when you buy an asset for less price and sell it on higher price. It doesn't depends on business whether it fails or it runs successfully but it depends only on the assets that the company have. 

• Royalty Income :- It is the income received from allowing someone to use your property. The properties are like patents, copyrights etc. It means you allows others to use your patented products in exchange of money and the money earned called as royalty income. For e.g.- You writes a book and sell its copies and earn money called as royalty income and you can develop a software and allows others to use and earn royalty form it. 
  
  
  

Thanks For Visiting Our Blog Post! 

Follow Us For More Blogs Related To Finance!