How is Passive Income Taxed?

Mike Kelly
Yes, residual income is usually taxable. So long as you are making enough money from any source, you will most likely need to pay taxes on it. The only income you typically don't have to pay taxes on is income below a certain yearly... Continue

What Are Multiple Streams of Income?

Mike Kelly
Having multiple streams of income means that a person is receiving income from several residual or passive income streams at once. Residual or passive income is income that a person earns without directly putting in work. This could be by... Continue

How to Make Residual Income

Mike Kelly
Residual income, also known as passive income, is one of the most popular ways to make a living or supplement your income. In order to make residual income, you need to find a service or product that you can offer to customers in a way... Continue

What Is a Cash Flow Statement?

Eric Vo
A cash flow statement is a financial statement that shows how much money is going in and out of your small business. The statement is a part of a formal document that is included in your company's financial statements. It breaks out your... Continue

How Many Bitcoins Will Be Created?

Elizabeth Macauley
Only 21 million Bitcoins can ever be mined or unleashed into the market. Entering the world of cryptocurrencies, like Bitcoin, is going to be very different from traditional currencies you're used to. Not only are transactions handled... Continue

What Is the Best Cryptocurrency?

Elizabeth Macauley
For users of cryptocurrencies, this idea of choosing the best currency is fundamental to helping them make money rather than lose money. And, as with any new technology, there are potential risks as well as rewards. It's important to do... Continue