Name and explain the three areas in which you can in personal income in short sentence
1. Earned Income: This is income earned through activities such as wages, salary, bonuses, or self-employment earnings.
2. Investment Income: This is income generated from investments such as interest, dividends, capital gains, and real estate.
3. Passive Income: This is income received on a regular basis with little to no effort required to maintain it, such as rental income, royalties, or income from a business in which the individual does not actively participate.