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
- Diversified IncomeIncome built from a mix of unrelated sources, reducing the risk that a single setback stops your cash flow.
- Multiple Income StreamsEarning money from several sources at once, so losing one does not wipe out your entire income.
- Cash FlowThe movement of money into and out of your accounts over time, showing whether more comes in than goes out.
- Financial IndependenceThe point where your savings and investments generate enough income to cover your living costs without needing a paycheck.
- Side IncomeExtra money earned outside your main job, such as from freelancing, a side business, or a part-time gig.
- DividendA portion of a company's profits paid out to shareholders, usually as cash on a regular schedule.
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Plain-English education — not personalized legal, tax, or investment advice.