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INCOME

wednesday word of the week Mar 03, 2021

Definition

What is earned from salaries or wages and other sources like bonuses, interest, dividends, housing allowance, etc.

Why It's Important

So, you may be thinking, well, duh, Tiffany.  I know what income is.  I make it every day!  But are you maximizing your income?  That's the key point here.  I have learned that sometimes people have legit income issues.  They can get their budget to the bare minimum and still end up in the negative.  If this sounds like you, I urge you to reevaluate your income.  Whether that means you need to find another job, start a business, start a side hustle, or join the gig economy.  It is nearly impossible to make headway on your goals if you don't have enough income coming in.  

Income looks like a variety of different things, as exhibited from the definition section.  Think outside the box!  I am sure you have some income to tap into that you haven't yet.  Be creative!

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