5.2 learning

Government programs

1 CE

The United States has enacted many laws to help low-income families, seniors, children, and people with disabilities make ends meet and obtain health care.

adulthood without the tools they need to succeed in the workforce. Public programs lifted 40 million people out of poverty in 2011, Children’s Health Insurance Program (CHIP), children are far less likely to be uninsured than adults. Programs like SNAP (food stamps),

Passive Income

1 CE

Passive income is money you get passively from assets purchased or created.
• Rental Income or Note Income from Real Estate • Business Income
• Creating and Intellectual Property — Books, Patents, Internet Content, etc
• Affiliate or Multi-Level Marketing There are some major benefits to passive income over the other two types of income. Passive income is generally recurring income;

Earned

1 CE

Earned income is simply that. Income that you earn over time. There are more than just one way of earning income although working a job is the most common and easiest way. Owning a business or Consulting would also earn you income. Earned income and having a job is a great way to expand your income into investments