Definition of «outside income»

The term "outside income" refers to any additional earnings that an individual receives from sources outside their primary job or occupation. This can include income derived from investments, rental properties, freelance work, or other self-employment activities. Outside income is often used as a way to increase overall wealth and financial stability, by diversifying one's revenue streams beyond just a traditional salary or wage.

Sentences with «outside income»

  • Those 24 accounted for at least two - thirds of outside income reported for 2014, which ranged between $ 4.6 million and $ 7.1 million. (nystateofpolitics.com)
  • Despite his attempt to use the pay raise for lawmakers as leverage, no special session meant no limits on outside incomes for state lawmakers and local government officials. (timesunion.com)
  • Advocates are pushing hard for a full ban on outside income for state legislators. (nystateofpolitics.com)
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