source of income
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source of income
An origin or activity from which a person, company, or organization regularly receives money or income.
Die Vermietung der Ferienwohnung ist für die Familie eine wichtige Einnahmequelle.
Renting out the vacation apartment is an important source of income for the family.
This word is a compound made up of 'die Einnahme' (revenue/income) and 'die Quelle' (source). So it literally describes a 'source' from which 'Einnahmen' (income/money) flow.
Für viele Künstler ist der Verkauf ihrer Werke die wichtigste Einnahmequelle.
For many artists, selling their works is the most important source of income.
Common adjectives combined with 'Einnahmequelle' (source of income) are 'wichtig' (important), 'zusätzlich' (additional), 'sicher' (secure), 'stabil' (stable), or 'die einzige' (the only).
Neben seinem Hauptberuf hat er eine zusätzliche Einnahmequelle.
In addition to his main job, he has an additional source of income.
In keeping with the metaphor of a 'Quelle' (source), verbs such as 'eine Einnahmequelle erschließen' (to tap into/create a source of income), 'haben' (to have), or 'suchen' (to look for) are used. When a source of income ends, you can say it 'versiegt' (dries up).
Durch die Krise ist seine wichtigste Einnahmequelle versiegt.
Because of the crisis, his most important source of income dried up.
income
'das Einkommen' and 'die Einnahmequelle' both have to do with money that you receive. 'Einkommen' means the sum of money itself, for example per month or per year. 'Einnahmequelle' means the source of this money, that is, how you get it, such as work, rent, or a business. The words can be confused because a source of income brings in income. A practical way to remember it: 'Einkommen' is the money; 'Einnahmequelle' is the path the money comes from.
Die kleine Wohnung ist für ihn eine wichtige Einnahmequelle, weil er sie vermietet.
The small apartment is an important source of income for him because he rents it out.
Mein Nachbar hat ein festes Einkommen und kann seine Miete gut planen.
My neighbor has a steady income and can plan his rent well.