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What’s Gross Income? Definition: Before any deductions or taxes, gross income is the total of all wages, salaries, profits, interest payments, rentals, and other forms of earnings. It contrasts with net income, which is defined as gross income less taxes and other deductions.
Vocabulary
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This may contain: two glasses filled with water, lemon and lime on top of a wooden table next to each other
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Mint Mojito ASMR Cooking
Ingredeints • Lemon - 2 • Mint leaves - 10-15 • Salt - 1/4 spoon • Ice cubes - 10-12 • Sprite (soda) - 2 Glasses
Fundamentals
Bonds: A bond is a loan from an investor (you) to a borrower such as a company or government. The borrower uses the money to fund their operations, and the investor receives coupon interest on the investment as well as the full amount they lent (principal) at the maturity of the bond. Stocks: Stocks are securities that represent ownership in a public company that you earn money from appreciation in the price of the stock and/or by receiving dividends.
What the finpipe is a dividend?!⁠ ⁠ Well, by definition, a dividend is a distribution of profits by a corporation to its shareholders⁠ ⁠ 👉 Why should you care? Dividends can be used as another source of income. Some people even solely live off of their dividends. However, only some companies offer dividends and will pay you an amount per quarter, year or month for holding their stock. ⁠