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What is the Difference Between Income and Wealth

October 18, 2021 By Megan Smith Leave a Comment

difference between income and wealth

A lot of people think of income and wealth as the same thing.  If you have a high income, you must have a high wealth.  Conversely, if you don't have a high income, you must have a low wealth.  But these two things can be very different. Definition of Income and Wealth Income is a gain or recurrent benefit usually measured in money that derives from capital or labor Wealth is abundance of valuable material possessions or resources So in … [Read more...]

Filed Under: income stream

5 Ways Experts Monetize Knowledge

September 6, 2021 By Megan Smith Leave a Comment

5 Ways How Experts Monetize Knowledge

What does it mean to monetize knowledge and what are the ways experts earn money from their experience? There are many ways to do this if you know-how -  and learning how is now easier than ever! A word of advice: monetizing your knowledge should be done with care. It is illegal to make unsubstantiated health claims or dispense legal advice without the proper state credentials, and those who make claims that generally cannot be supported find … [Read more...]

Filed Under: debt reduction, economy, education, entertainment, financial fitness, income stream, money, net worth Tagged With: economy, financial freedom, jobs, monetize knowledge, money, side gig

How to Set Up a Raffle Business

August 16, 2021 By Megan Smith Leave a Comment

set up a raffle business

Everyone loves a raffle.  It's so exciting to sit there with your ticket and hope that your number gets called and you're the big winner.  But is this also a way to make money?  Here are some tips on how to set up a raffle business. Before You Do Anything - Check the Laws No surprise, before you try to set up a raffle business, you should check the laws in your state or jurisdiction.  At their heart, raffles are a form of gambling (specifically … [Read more...]

Filed Under: income stream

How to Make Money from Facebook Groups

August 1, 2021 By Megan Smith Leave a Comment

make money from facebook groups

Facebook has become a very popular way for friends and family to stay in touch, and if you spend any time on Facebook, you're likely a part of at least one Facebook Group.  But did you know that Facebook Groups can be used for more than just fun?  Read on for how to make money from Facebook Groups. Setup Your Facebook Group The first thing you'll need to do to make money from Facebook Groups is to setup a Facebook Group and grow your members.  … [Read more...]

Filed Under: income stream

How To Make Money With Facebook Stars

May 3, 2021 By Megan Smith Leave a Comment

make money using facebook stars

Are you a streamer? Do you like to play video games and share that experience with others? If so, you might be able to make money with Facebook Stars by streaming your games on Facebook. Let's take a look at how you can become eligible for Facebook Stars and how to start earning while playing. How To Qualify To Earn Facebook Stars Right now, Facebook Stars are only available to gaming streamers, though the hope is that they will be extended to … [Read more...]

Filed Under: income stream Tagged With: Facebook, Facebook Stars, games, social media

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