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Income and Expenses

Income and Expenses

What is income? Income is the money that you make. There are several sources of income. The most common form of income is the paycheck you receive from your employer, usually either a weekly or biweekly basis. However, there are other forms of income besides a paycheck. Some other common forms of income include: • Child Support • Alimony • Unemployment Benefits • Interest Income • Dividend Income • Rental Income • Social Security Disability Income • Self-Employment Income •…

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Investment Options in Today’s Financial Market

Investment Options in Today’s Financial Market

Each year you should make it a goal to save at least ten (10%) percent of your net income for retirement. One of the best ways to ensure that you save ten (10%) percent of your net income is to open up a retirement account and have ten (10%) percent of each one of your paychecks automatically deposited into it. This idea is what is often referred to as “paying yourself first.” In order to make this happen, you will…

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