Get to know the 3 Types of Income

But what if we think of Income in terms of fries and burgers instead of equations and numbers?

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Earned Income

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If you’re working a job at McDonalds, as a chef or waitress, the regular fixed salary you get paid by the company is your earned income.

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Portfolio Income

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If you buy McDonald's Stock and earn money from this investment, your income is called Portfolio Income.

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Passive Income

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By buying a McDonalds Franchise, you’ll earn Passive Income in the form of rent, limited partnerships, etc.

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Finance is a lot less scary when you think about it in 🍔 & 🍟

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Liked this example? Perfect your finance skills for Business with Clever Harvey’s JuniorMBA in Entrepreneurship.

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Turns out that piri piri fries can even make Finance Fun and now you know the three main types of income.

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