This is money you earn for providing services or working for someone else, such as a salary or wages from a job. Most people earn the majority of their income.
Profit is the amount of money earned from a business or investment after deducting all expenses, showing the venture's net gain.
Interest is money received via lending money to others, such as interest earned on savings accounts or bonds.
Capital income is the profit made from the appreciation of assets such as stocks, real estate, or artwork. You had to make initial investments in order to gain from capital income.
Dividends are payments provided by corporations to their shareholders in exchange for a portion of their profits.
This is money made by renting out properties or assets to others, such as real estate. Real estate is one of the best ways to generate a passive income for yourself.
Royalties are payments made to authors, musicians, or inventors in exchange for the use of their works or intellectual property.
Residual income is money gained from a business or investment after the initial effort is completed, such as royalties or affiliate marketing.