February 27, 2018
Income--- the amount of money a person makes over a given period of time
Examples: $800/wk, $4100/month, $40,000/yr
Assets--- the valuable things that a person owns
Examples: real estate, jewelry, stocks, cash, mutual funds, & gold
Wealth--- a lot of assets
Opulence--- the idea of showing others your wealth through expensive clothes, jewelry, cars, homes, etc.
Investments--- things that people put their money in to make more money
Examples--- stocks, bonds, real estate, commodities, etc.
"Loaded"--- slang for a person who has a lot of money.
Example--- My uncle is loaded, so he always travels first class, stays in the best hotels, and eats in the most expensive restaurants.