Do you like fixed income or variable income?

[nomad]

If you have fixed income it is easier to manage your finances as you know how much money you will be making. However, with variable income, it might be sometimes difficult to manage finances but you also get a chance to make it big.

 

[eldavis]

Though having a variable income might a lot harder to manage, I prefer this. There are possibilities that what I get next would be higher than the previous.

 

[Sanjeev]

I always would like to have a fixed income as my expenses are fixed.

 

[Shavkat]

I would choose both. If we can do this, I am sure the more income you can get.

 

[Springtime]

I prefer fixed income so that I know how much I can afford to spend. Variable income does offer the chance to get more than you expected.

 

[Shavkat]

I prefer fixed income so that I know how much I can afford to spend. Variable income does offer the chance to get more than you expected.

It does make sense. We need to have fixed income to make it stable and do other ways to earn money. That would set in the variable incomes to gain more money.

 

[Passiveearner]

It does make sense. We need to have fixed income to make it stable and do other ways to earn money. That would set in the variable incomes to gain more money.

There are advantages and disadvantages of both fixed income and variable income. When it comes to variable income, the earning potential could be unlimited in many cases.

 

[King Belieal]

A fixed income is synonymous with a job and I don't like it. I love the variable income associated with business because it can vary and get very high.

 

[Cam]

I've been salaried for the majority of my time in the workforce, so I've had a fixed income more often than not. I would choose being hourly though, which means my income would vary.

 

[Sawe]

I live having a fixed income source, it makes it easier for me to manage my finances as I am sure of what I am making. Though it wouldn't hurt to have a variable source of income on the side, it can be a good source of extra income.

 

[Hate2Wait]

Who does not love a higher fixed income but sadly not many are able to achieve that and in most cases its low fixed income

 

[nomad]

I would choose both. If we can do this, I am sure the more income you can get.

I do not think you can have them both, fixed income is when you receive fixed salary, if your income is a fixed salary, how can you have variable income?

 

[Shavkat]

I do not think you can have them both, fixed income is when you receive fixed salary, if your income is a fixed salary, how can you have variable income?

It is possible if the company can offer additional incentives despite having the fixed salary, which it happens in sales companies.

 

[Hate2Wait]

Fixed income has its own advantages like we can expect a fixed income coming from our job but then we can't expect more than that