If a person does not understand one or more of these basic words of money, their lives can be damaged financially. For example, millions are in trouble today simply because they were told, "Your house is an asset." For most people, their home is a liability. Others are in trouble because they were told, "Get a job," but did not understand the three different types of income.
Which are
1.poor income
2.portifolio income
3.cash flow income