summaries

Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School

mendi926Vocabulary listWords: 5
English
English
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InvestmentPutting money into something with the expectation of profit.
Definitions:
The act of putting money, effort, time, etc. into something to make a profit, or get an advantage.
WealthAn abundance of valuable possessions or money.
Definitions:
A large amount of money or valuable possessions that someone has.
Compound interestInterest on both the original loan and previously accumulated interest.
Definitions:
Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
EconomizeSpend less; reduce one’s living costs.
Definitions:
To practice economy, as by avoiding waste or reducing expenditures.
StockOwnership in a corporation.
Definitions:
The capital raised by a corporation through the issue of shares entitling holders to an ownership interest (equity).