💰 UNIT 2 • 3 WEEKS

Income & Career Planning

Explore income streams, career pathways, and strategies for maximizing your earning potential

💵 Understanding Different Types of Income

Building wealth requires understanding how money can come to you from various sources. Let's explore the main types of income:

💼 Earned Income

Money from working

  • Wages & Salaries
  • Tips & Bonuses
  • Commission
  • Self-Employment

📈 Investment Income

Money from assets

  • Stock Dividends
  • Interest (Savings)
  • Capital Gains
  • Rental Income

🎯 Passive Income

Money with minimal effort

  • Royalties
  • Online Course Sales
  • Affiliate Marketing
  • Digital Products

💡 Building Multiple Income Streams

Relying on one source of income can be risky. Wealthy individuals often have multiple income streams that work together. Start with earned income, then gradually build passive and investment income over time.

🧮 Salary & Tax Calculator

Calculate Your Take-Home Pay

Enter your information to see how much you'll actually take home after taxes:

🎯 Career Planning Strategies

📚 Education & Skills Development

Invest in yourself through education, certifications, and skill-building. Higher education and specialized skills often lead to higher earning potential.

College Degree Trade Certification Online Courses Apprenticeships

🌐 Networking & Relationships

Build professional relationships that can open doors to opportunities. Many jobs come through personal connections.

LinkedIn Profile Professional Groups Mentorship Industry Events

💼 Negotiation Skills

Learning to negotiate your salary can result in thousands of dollars more over your career. Always negotiate job offers and raises.

Research Market Rates Know Your Worth Practice Confidence Consider Total Package

🚀 Entrepreneurship

Starting your own business or side hustle can create additional income streams and unlimited earning potential.

Side Business Freelancing Consulting Online Business

📄 Building Your Professional Brand

Resume Essentials

  • Clear Contact Information: Name, phone, email, LinkedIn
  • Strong Summary: 2-3 sentences highlighting your value
  • Quantified Achievements: Use numbers to show impact
  • Relevant Skills: Match job descriptions
  • Clean Format: Easy to read, professional appearance

Interview Success Tips

  • Research the company: Know their mission and values
  • Prepare stories: Have examples of your achievements
  • Ask questions: Show genuine interest in the role
  • Follow up: Send thank-you emails within 24 hours
  • Dress appropriately: Professional appearance matters

✅ Action Steps for This Week