Investment

Q. What is INVESTMENT ?
Ans. Money that is invested with an expectation of profit in future is called INVESTMENT.

Terms you must know before start investing.
Q.What is an INCOME ?
Ans. Money received on a regular basis by work or through investment is called INCOME.
INCOME are of two types
                                      ----------------INCOME-----------------
                    ACTIVE INCOME                                    PASSIVE INCOME

Active Income : Income from salary, wages, tips, commissions and activities in which the person himself materially participates or in other words active income needs yours physical presence in particular work to generate money.
Passive Income :  Income derived from business investments in which the individual is not actively involved or in other words passive income no needs your physical presence in work or in business to generate money.                 

Q. What is EXPENSES ?
Ans. A thing on which one is required to spend money is called EXPENSES.

Q. What is LIABALITY ?
Ans. A thing for which someone is responsible is called LIBALITY.

Q. What  is DEBT ?
Ans. A state of owing money is called debt.
DEBTS are of two types,
                                     -----------------DEBT-----------------
                           GOOD DEBT                                       BAD DEBT
Good debt : Owing money to gain Assets is called good debt.
Bad debt : Owing money to gain liabilities is called bad debt.