CURES FOR EMPTY PURSE

INTRODUCTION:

Definitions:

 Income:

1. The flow of cash or cash-equivalents received from work (wage or salary), capital (interest or profit), or land (rent).
2. Accounting: (1) An excess of revenue over expenses for an accounting period. Also called earnings or gross profit. (2) An amount by which total assets increase in an accounting period.
3. Economics: Consumption that, at the end of a period, will leave an individual with the same amount of goods (and the expectations of future goods) as at the beginning of that period. Therefore, income means the maximum amount an individual can spend during a period without being any worse off source

* Expenditure:

Payment of cash or cash-equivalent for goods or services, or a charge against available funds in settlement of an obligation as evidenced by an invoice, receipt, voucher, or other such document. See also revenue expenditure, capital expenditure. source

* Investment;

There are four main investment types, or asset classes, that you can choose from, each with distinct characteristics, risks and benefits.
Growth investments. ...
Shares. ...
Property. ...
Defensive investments. ...
Cash investments include everyday bank accounts, high interest savings accounts and term deposits. ...
Fixed interest

* Knowledge:

1. facts, information, and skills acquired through experience or education; the theoretical or practical understanding of a subject.
   "a thirst for knowledge"
   synonyms: understanding, comprehension, grasp, grip, command, mastery, apprehension; More
2. awareness or familiarity gained by experience of a fact or situation.
   "the programme had been developed without his knowledge"

* Understanding:

1. the ability to understand something; comprehension.
   "foreign visitors with little understanding of English"
2. sympathetic awareness or tolerance.
   "he wrote with understanding and affection of the people of Dent"
   source

* Wisdom for money:

Money wisdom comes in many forms. From the advice of a mentor to a good book, you can glean money wisdom that helps you improve your business finances, personal finances, and even your lifestyle. These five great quotes about money offer plenty of money wisdom to enjoy. Follow along to learn more and for insights in applying these quotes to your business.

1. Don’t spend ALL your income no matter situation.
2. Mind your spending habit
3. Invest your savings no matter how small you saved
4. Protect your money from loss
5. Always gain from every opportunity everything around you.
6. Ensure or plan for a future income today
7. Have a residual income
8. Increase your ability or effort to earn more money no matter your age.

THE FIVE LAWS OF MONEY

1. Money comes gladly and increasingly to anyone who will at least put ten percent of his earning to create an estate for his future and for his family.
2. Money labors diligently and contend for the wise owner who finds for it profitable and employment, multiplying even as the chicken of a poultry.
3. Money clings top the protection of contious owne who invests it under the advice of wisemen who had been handling money.
4. Money slips away from the man who invests it in business which he is not familiar with. The business he did not have proper training on.
5. Money flees away from the man whom would force it to impossible earnings or who follows the alluring advice of schemers or who trusts money to his own inexperience and romantic desires in investment.