definition
items of monetary value a person or household owns
what are assets?
you can turn assets into cash quickly and easily with this asset...
what are monetary assets?
my phone is my most important...
asset
my _________ is my take home pay
net income
when income is greater then expenses...
net gain
money spent
what are expenses?
you can realistically sell an asset by it's...
what is market value?
i needed help managing my money so i made a...
statement of financial position
when my expenses are greater then income that becomes...
net loss
a product that can transfer risk
insurance
money recieved
what is income?
you're financial wealth is indicated by...
what is net worth?
i really need to pay my...
mortgage
my _________ is my salary or wages before taxes and other deductions.
gross income
you pay what monthly?
mortgage
financial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell it at a higher price in the future.
what are investment assets?
how much you own once all your debts are paid is...
what is wealth?
i have 2000 dollars in my _______ account
savings
my money received is my...
income
income and expense statement
a debt or obligation owed to others
what are liabilities?
your personal property that was purchased to make a new lifestyle is...
what are tangible assets?
i have car...
insurance
what i take home is...
net income
the only hero that can outrun the flash is....
SUPERMAN!!!!!!!!!