1. The flow of cash or cash-equivalents received from work (wage or salary), capital (interest or profit), or land (rent).
2. Accounting: (1) An excess of revenue over expenses for an accounting period. Also called earnings or gross profit. (2) An amount by which total assets increase in an accounting period.
3. Economics: Consumption that, at the end of a period, will leave an individual with the same amount of goods (and the expectations of future goods) as at the beginning of that period. Therefore, income means the maximum amount an individual can spend during a period without being any worse off. Income (and not the GDP) is the engine that drives an economy because only it can create demand.
4. Law: Money or other forms of payment (received periodically or regularly) from commerce, employment, endowment, investment, royalties, etc.
Read more: http://www.businessdictionary.com/definition/income.html
Moral Of The Story (Why It Pays To Pay Attention To What You’re Paying Attention To)
Question: Whatever you focus on, you give strength to…what are you focusing on?
Answer: We are focusing on the come up and sharing the good news with any and all who are interested in such matters.
Super Focused On The Big Money Picture And A Prosperous Future.