How well do you know your financial terms?

Lets see:

• income = money coming in
• salary = money coming in that you work for
• debt = borrowed money
• good debt = borrowed money that generates more income
• bad debt = borrowed money that takes money away (credit cards/student loans)
• expenses = money going out (on things you need)
• liabilities = money taken out (on luxuries/stupid purchases/kids/emergencies)
• investments = money set aside today for a bigger return/profit in the future
• assets = an investment that generates money
• passive income = money generated by your assets without you working
• cash flow = total income, minus total expenses