"Supplemental income" refers to money earned in addition to the main source of income. It is extra money earned on the side to support or augment one's primary earnings.
Full definition
It is an ever - expanding industry, and one that can result in a substantial source
of supplemental income for those who choose to get involved.
Lots of moms
earn supplemental income by selling products they use, like makeup or essential oils through in - home parties and demonstrations for friends and family.
Part of the reason people end up missing payments and only paying the minimum is because they've fallen into the trap of thinking of their credit
as supplemental income.
Those payments provide
supplemental income during your retirement and can help if you're afraid that you haven't saved enough to cover your regular expenses.
There are those who simply want a
little supplemental income who tend to have inconsistent revenue because they don't really treat it like a business.
For instance, you may be asked to submit tax forms or proof that you
receive supplemental income such as welfare, food stamps, or similar.
On top of the
great supplemental income and tax benefits, you should have a nice death benefit to pass along to the next generation.
You may also want to consider different resources for
finding supplemental income to increase your savings and reach your goals more efficiently.
I get job offers of some variety every few months, so if I ever do need some
real supplemental income I can't imagine it would be that hard to come by.
Your class schedule may make «regular» jobs hard to find, but earning
supplemental income doesn't need to be an obstacle.
As an example of the above, let's assume that you are 40 years old and decide to purchase an indexed universal life insurance policy for
supplemental income purposes.
Over the life of the policy, this could mean more cash value and
more supplemental income to use for college funding, retirement funding, or other needs.
Your blog may be your professional resume, a fun - filled hobby, a source
of supplemental income, or a full time career.
It's not a get rich quick scheme but with the proper capitalization it can make a
nice supplemental income or a nice living from the profits.
Their solution, the Barrie Affordable Real Estate application, seeks to secure mortgages for first - time homebuyers by considering
supplemental income streams such as rental income and clean energy revenue.
With supplemental income coming in from Instagram and their 24 - hour bazaar, where they sell locally made, fair - trade wares from their travels, they lifted the «limit» on their trip and decided to take back their time once again.
This flexibility makes it ideal for individuals who would like to keep their traditional jobs and earn
supplemental income on their own time, or those who have other priorities to tend to that make the hours of a typical 9 - to - 5 job difficult.
Millions of Americans benefit from
generating supplemental income via the sharing economy - and the marketplace companies that bring sellers and buyers together.
Their solution, the Barrie Affordable Real Estate application, seeks to secure mortgages for first - time homebuyers by
considering supplemental income streams such as rental income and clean energy revenue.
On the other hand, if you rely mostly on Social Security income with
only supplemental income from a pension or retirement account, your tax bill will be fairly low.
Farmers and rural landowners can generate new sources of
supplemental income by producing feedstocks for biomass power facilities.
*** † A Whole Life Insurance policy that accumulates tax - deferred cash value can also provide for
supplemental income if you no longer need the death benefit.