Show:
Wages and Salaries
Business Income
Leveraged
Passive
Residual
100
a fixed regular payment, typically paid on a monthly or biweekly basis is an example of what?
What is a Salary
100
what does business income cover?
What is Profits, fixed costs and commission and training costs
100
Income earned through other peoples efforts is an example of what?
What is Leveraged Income
100
An income received on a regular basis, with little effort required to maintain it is called this.
What is Passive income
100
Income you keep earning month after month and year after year for work you did at one time is an example of what?
What is Residual Income
200
A fixed regular payment, typically paid on a daily or weekly basis is an example of what?
What is A Wage
200
money received, especially on a regular basis, from work or through investments is an example of what?
What is an Income
200
How does leveraged income benefit you?
What is You can earn money off of other peoples efforts as well as your own
200
Passive income benefits you in what way?
What is in a taxable way.
200
How long can you get paid income on your work with residual income?
What is as long as it keeps selling
300
If you got paid on a daily/weekly basis would you be paid a salary or a wage
What is a wage
300
What is the difference between business income and regular income?
What is business income comes from you working and normal income is any money you receive
300
What Plan do people with leveraged income typically use?
What is the 40/40/40 plan
300
True or False: Passive income is received on a regular basis.
What is True
300
How can residual income benefit you?
What is If you write a book you can get paid on it for a couple years or as long as people are buying it
400
The difference between salary and wages is?
What is a salary paid person has a fixed amount paid to them and people who are paid wages are paid by hour
400
How does business income benefit you?
What is you can earn money from working and spend it on goods and necessities
400
How does the 40/40/40 plan work?
What is You work for a company 40 hours a week 40 years and retire with 40,000 in the bank
400
True or False: you have to put in a lot of effort to maintain passive income.
What is False
400
What two groups of people use residual income the most?
What is Songwriters and Authors
500
If you got paid on a monthly basis would you be paid a wage or a salary
What is a Salary
500
What two ways can Business income come in?
What is Salaries and Wages
500
The 40/40/40 plan is often referred to as?
What is The Wealth Plan
500
The difference between passive and residual income is this.
What is in passive income you do little while in residual the more work you do the more money you will earn.
500
True or False: Can actors get paid residual income?
What is True