Money Management Skills: Identifying Different Income Types to Increase Your Wealth

Employment is not the only way to earn income. In this video, we explain the different types of income and its components.

00:15 - What is passive income?
00:33 - What is active income?
01:08 - How can we earn passive income as an adult?
01:19 - How do investments work?
01:48 - What happens when I earn income in Australia?
02:06 - How do I pay taxes on my income earned?
02:25 - What can I do with the cash income that I take home?
02:37 - What is Superannuation?

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