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.
- Diversified IncomeIncome built from a mix of unrelated sources, reducing the risk that a single setback stops your cash flow.
- Savings RateThe share of your income you set aside rather than spend, usually shown as a percentage of your take-home pay.
- Human CapitalThe value of your skills, knowledge, and earning ability, which you can grow through education and experience.
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Plain-English education — not personalized legal, tax, or investment advice.