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Income is money coming into a family, while wealth is a family’s assets —things like savings, real estate, businesses—minus debt. Both are important sides of families’ financial security, but wealth cushions families against emergencies and gives them the means to move up the economic ladder. Also, wealth disparities are much greater than income disparities: three times as much by one measure. Income...
There is no scientific process to this step—even your client might not know what your work is worth to them. One article that goes viral and leads to $50,000 in profits is worth, well, $50,000, even if you were only paid $250 for it. But the other ten articles that you wrote, which you were also paid $250 for, but which only generated $100 in profits each, are worth -$150 each. Of course, there is no way to predict these outcomes until...
“Solopreneur” isn’t a brand-new term but it has definitely become more relevant in recent years. The word is easily interchanged with the word “entrepreneur,” but there are distinct differences. As an increasing number of professionals choose to start a business with no intention of ever adding staff, solopreneur is likely a term that will only grow in popularity. The differences between...