Financial Mgt. Basics

Income from your Job/employment.

• Expense

• Liability

• Salary

• Asset

Something you own that takes money out your pocket.

• Liability

• Expense

• Cash-Flow

• Asset

An item or service that takes money out of your pocket.

• Expense

• Liability

• Asset

• Salary

Something that puts money in your pocket.

• Expense

• Salary

• Liability

• Asset

A report card measuring the direction of your wealth.

• Financial Statement

• Cash-flow

• Asset

• Liability

A stream of income that builds itself overtime.

• Cash-Flow

• Asset

• Financial Statement

• Liability

• Asset

• Liability

• Asset

• Liability

• Asset

• Expense

• Liability

• Cash-flow

• Asset

• Liability

• Expense

• Cash-flow