Building a Strong Financial Foundation
Meera Desai 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...