100 Steps to Financial Independence by Inge Natalie Hol

100 Steps to Financial Independence by Inge Natalie Hol

Author:Inge Natalie Hol
Language: eng
Format: epub
Published: 2018-10-23T08:25:40+00:00


Income Stream 2: Profit Income

I’m a great believer in luck and I find the harder I work the more I have of it.

—THOMAS JEFFERSON

DIFFICULTY LEVEL: Medium

OBJECTIVE: Analyze the possibility of earning extra money through setting up your own company

REVIEW TIMES: Yearly

A profit income is the money you get if you have a company (which can be anything from an Etsy shop where you sell handmade crafts to a multinational company) or sell your products or services above the cost price and take (some of) the profits as personal earnings (which is not your regular wage; see Step 52). A profit income is often based on the amount of profit made during a certain time period, and is the total amount of money that’s come in minus your total amount of expenses.



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