The government has many sources of income, but if we were to classify them, they can be broadly divided into tax revenue and non tax revenue. While tax revenue makes up the lion’s share of the government’s income, non-tax revenue also plays a crucial role in the country’s development. Let’s understand what constitutes non-tax revenue, how it’s generated, and why it’s important. What is Non-Tax Revenue? Non-tax revenue is an umbrella term for all of the government’s sources of income that are not related to taxes. This includes fees, fines, royalties, sales, interest, dividends, and more. These sources supplement tax…

Reason #1 Uncertain How to Become Rich In my five-year Rich Habits Study/Research, I learned a something profound – There are 4 very specific paths to accumulating wealth: Saver/Investor Path – Save 20% or more of your income and consistently/prudently invest those savings. Big Company Climber Path – Working for a big company and climbing the ladder until you reach the upper echelons of senior executive. Virtuoso Path – Devoting an enormous amount of time and often money to becoming either a Knowledge-based Virtuoso or a Skill-based Virtuoso. Dreamer/Entrepreneur Path – Pursuing some dream that can be monetized. Reason #2 Too…

Image by Anastasiia Gudantova For too long, medical billing companies have operated with little oversight, leaving everyday patients stuck in a confusing, expensive, and sometimes unethical system. But when these firms finally face legal consequences in court, the fallout often results in long-overdue wins for patients, healthcare providers, and even policymakers. When a medical billing firm loses in court, whether through class-action lawsuits, consumer protection cases, or regulatory penalties, it does more than just make headlines. It sets powerful precedents and forces a change in behavior across an industry that’s been riddled with opaque pricing, predatory collection practices, and billing…