Principles of Investing - Chapter 1 Vocabulary

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6 Terms

1

plan

a method or process worked out in advance that leads to the achievement of some goal

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2

goal

something you want to achieve or obtain

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3

fixed expenses

amounts you have committed to spend

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4

flexible expenses

amounts that you can choose to spend or not to spend

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5

budget

a plan for diving your income into spend and saving options

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6

self-providing

providing a direct hands-on way for your needs and the needs of your family

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