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What Are The Three Types of Income?

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One of the best ways to improve your personal finances is to increase your income. Today we’ll be reviewing the three types of income, including examples of what they are and their pros and cons:

  1. Earned Income
  2. Capital Gains Income
  3. Passive Income

Your income can be diversified, just like an investment portfolio.

The more income sources you have, the less impacted you will be if one of those income streams dries up. Similar to how when one part of your investment portfolio is struggling, other assets can pick up the slack.

Increasing your income is also a great way to improve your budget. Unlike cutting expenses, increasing your income has no limit. In theory, you can keep growing it and growing it with no end.

With that, let’s dive further into the three main types of income, starting with the most popular type of income – earned income.

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Dead Cat Bounce: A Complete Guide to This Stock Trading Term

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They say that what comes up must go down, but an equally true and less discussed phenomenon is that what goes down must come up. At least, sometimes.

The idea of a “dead cat bounce” might sound somewhat alarming, but as long as you hear it mentioned within the context of trading, it refers to a particular phenomenon in the stock market.

The phrase comes from the idea that even dead cats will bounce if they fall from a high enough point. When asset prices reach high levels and then drop, they may recover temporarily — even though the asset is ultimately “dead” and will fall straight back down again.

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First Savings Credit Card Review

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The First Savings Credit Card is a card designed to help you build your credit score. From home mortgages to personal loans, most of the time, when you ask to borrow money, your credit score is viewed. It’s a part of life, and building credit is an excellent habit to start as soon as possible.

In this article, we’re going to take a look at the first savings credit card and whether it’s a good credit card option to help build your credit. The short answer is that it’s good, but not the best.

Immediately below you can explore better options, and keep reading to get the full First Savings Credit Card Review and learn if this card is right for you.

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Quality Over Quantity: A Minimalist Mindset to Save Money

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Choosing quality over quantity can be a wise decision in many aspects of life. It could save you money over the long run and leave you better off financially, and there are many other benefits to adopting this minimalist mindset.

From reducing stress to freeing up more time to do things you love, the benefits of opting for quality over quantity are nearly endless.

If you are struggling with maintaining a budget or just looking to improve your life, below you’ll learn more about the quality over quantity mindset and how to apply it to various aspects of your life.

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