INDEPENDENT INCOME Meaning and
Definition
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Independent income refers to a type of earnings or revenue that is obtained without being reliant on direct employment or traditional sources of income. It typically encompasses money earned through various means such as self-employment, freelance work, rental properties, investments, or any form of business ventures or entrepreneurial activities. This income is separate from a regular salary received from an employer, which is considered dependent income.
An individual with independent income has the ability to generate earnings through their own efforts and initiatives. They are not obligated to work for a particular company or be answerable to an employer. Independent income provides individuals with the freedom to pursue their own professional interests, explore different career paths, or engage in multiple sources of income simultaneously.
Having independent income often requires a proactive mindset, self-motivation, and the ability to adapt to changing circumstances or market conditions. It can offer financial stability and flexibility by diversifying income streams and reducing reliance on a single source of income. Independent income can range from part-time freelance work to running a full-scale business enterprise. It offers individuals the opportunity to control their own financial destiny, allowing them to make independent decisions about their work, compensation, and career trajectory.
Overall, independent income represents a valuable and empowering aspect of financial well-being, enabling individuals to exercise control over their earnings and pursue their desired lifestyle and financial goals.
Common Misspellings for INDEPENDENT INCOME
- undependent income
- jndependent income
- kndependent income
- ondependent income
- 9ndependent income
- 8ndependent income
- ibdependent income
- imdependent income
- ijdependent income
- ihdependent income
- insependent income
- inxependent income
- incependent income
- infependent income
- inrependent income
- ineependent income
- indwpendent income
- indspendent income
- inddpendent income
- indrpendent income
Etymology of INDEPENDENT INCOME
The word "independent" originates from the Latin word "independēns", which is a combination of the prefix "in-" meaning "not" or "without", and "dependēns" meaning "depending". It refers to someone or something not relying on or being contingent upon others.
The word "income" comes from the Middle English "incomen", which means "arrival" or "entrance". This term was formed by combining the prefix "in-" signifying "into" or "within", and the noun "come", referring to the act of coming or arriving.
When combined, "independent income" represents the idea of earning money or resources that a person acquires without being reliant on others, typically through one's own efforts or investments.
