A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- Multiple Income StreamsEarning money from several sources at once, so losing one does not wipe out your entire income.
- Passive IncomeMoney you earn with little ongoing effort, such as from investments, rentals, or royalties, rather than from active work.
- Side IncomeExtra money earned outside your main job, such as from freelancing, a side business, or a part-time gig.
- DiversificationSpreading your money across many different investments so a drop in any single one does less damage.
- Cash FlowThe movement of money into and out of your accounts over time, showing whether more comes in than goes out.
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Plain-English education — not personalized legal, tax, or investment advice.