Building a Strong Financial Foundation
Meera Desai
Broschiertes Buch

Building a Strong Financial Foundation

Strategies and Principles

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Key Financial Concepts Explained (Income, Expenses, Assets, Liabilities, Debt) Income Income is the money you earn by working, selling goods or services, or investing. Income comes in two types: · Active income is money you earn by working. For example, if you have a job, you earn a salary or wages. If you run a business, you earn a profit. · Passive income is money you earn by investing. For example, if you invest in stocks or bonds, you earn income. Expenses Expenses are the money you spend on buying, doing, or getting services. Expenses come in two types: · Fixed expenses are expenses th...