Personal budgeting, expense tracking, cash flow management, emergency funds, and savings strategies.
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Foundation terms you need to know first (37 terms)
A tax refund is a reimbursement to taxpayers of excess tax paid to the government. For real estate investors, it represents a potential source of capital for new investments or property improvements.
Business finances involve the management of all money-related activities within a company, including income, expenses, profit, and cash flow, crucial for understanding investment performance.
Liabilities are financial obligations or debts that an individual or business owes to others, representing money that must be paid back in the future.
Consumer debt is money owed by individuals for personal goods and services, such as credit card balances, auto loans, and student loans, which directly impacts an investor's financial health and borrowing capacity for real estate.
The percentage of your disposable income that you save rather than spend, a key metric for personal finance and crucial for building capital for real estate investments.
Complex strategies and professional concepts (1 terms)
A side hustle is an additional income-generating activity, often in real estate, undertaken alongside primary employment to earn extra money, gain experience, and build capital for future investments.
Side hustle income refers to additional earnings generated outside of a primary job, strategically utilized by real estate investors to fund down payments, renovations, or build cash reserves, thereby accelerating their investment growth.
Stock options grant the holder the right, but not the obligation, to buy or sell a company's stock at a predetermined price within a specific timeframe. For real estate investors, they can be a source of capital or a component of a diversified financial portfolio.
A tax refund is a reimbursement to taxpayers of excess tax paid to the government. For real estate investors, it represents a potential source of capital for new investments or property improvements.
A time audit is a systematic process of tracking and analyzing how you spend your time to identify inefficiencies and optimize productivity, especially for real estate investors aiming to maximize deal flow and portfolio growth.
W-2 income refers to the wages, salaries, and tips an individual earns as an employee, reported annually by their employer on IRS Form W-2, which details gross earnings and taxes withheld.
Working capital is the difference between a company's current assets and current liabilities, indicating its short-term liquidity and operational efficiency. For real estate investors, it represents the readily available funds to cover immediate operational expenses, unexpected repairs, and short-term obligations.
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