Three Forms of Money

Hello LinkedIn Users,

I am writing my #first article on this platform.

#My #observation regarding #money has it's #threeforms that;

1. First is basically money which we earn from our #active income (like Salary), which is also known as your #hardearned money, and

2. Secondly, the money which is earned from #passive incomes like rents received, investments in golds, bonds and financial securities, and

3. Lastly, the money which is earned from #freefund sources like cashback amounts, gifts amount, vouchers, rewards, lotteries, winning amounts, etc.(#EjusdemGeneris).

The main #analysis from these observations are;

1. One has to minimize the spending amount from #passive income and kept this amounts as huge as possible without withdrawing it, so as to gain much benefits out of it in future.

2. If one has to make spending which is not necessary in their lifestyle, that should be spend through #freefund source of income.

3. Certainly, everyone needs to spent amount for basic/ necessary amenities of life to survive, that should be spent through #active source of income.

Basically, #passive income should be used in case of contingency/emergency situation, while #freefund income one may use for wasteful or not needed expenses and #active income should be used for necessary expenses.

#Disclaimer: This is my observation, so it may be true that what you think is also correct. This is just what I observed and analyzed, that's why shared.

Thanks,

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Gaurav Gupta