summaries

Unshakeable: Your Financial Freedom Playbook

mendi926Vocabulary listWords: 9
English
English
AI Generated
InvestmentPutting money into something with the hope of profit
Definitions:
Expenditure on productive assets in the anticipation of gaining value or profit
WealthAn abundance of valuable possessions or money
Definitions:
The abundance of valuable resources or material possessions
Financial FreedomHaving enough savings, investments, and cash on hand to afford the lifestyle we want
Definitions:
The status of having enough income to pay for living expenses for the rest of one's life without having to depend on others
AssetA useful or valuable thing or person
Definitions:
A resource with economic value that an individual, corporation or country owns with the expectation that it will provide future benefit
DiversificationProcess of allocating capital in a way that reduces exposure to any one particular asset or risk
Definitions:
The action of diversifying something or fact of becoming more diverse
RetirementThe action or fact of leaving one's job and ceasing to work
Definitions:
The period of one's life during which one is no longer working, or the commencement of that period
PortfolioA range of investments held by a person or organization
Definitions:
A grouping of financial assets such as stocks, bonds, and cash equivalents
InflationThe rate at which the general level of prices for goods and services is rising
Definitions:
A general increase in prices and fall in the purchasing value of money
RiskA situation involving exposure to danger
Definitions:
Exposure to danger, harm, or loss