Board of Glossary 11 by Mattheo Douglas https://padlet.com/theodougy17/hoysmov03fvu416v en-us 2023-04-05 18:14:23 UTC 2023-04-05 18:27:04 UTC hello@padlet.com Investing theodougy17 https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545322416 Investing means to obtain an asset with the goal of generating income or further value over time.]]> 2023-04-05 18:15:07 UTC https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545322416 Money theodougy17 https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545322632 Money is a currency. A type of currency/thing used to pay for things or used to pay people when they do jobs. It used as a something in someones daily life in order to afford things and just live life in general]]> 2023-04-05 18:15:19 UTC https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545322632 GIC theodougy17 https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545322797 A GIC is a guaranteed investment certificate. They're considered one of the safest investment options for Canadians because returns are guaranteed]]> 2023-04-05 18:15:27 UTC https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545322797 Interest theodougy17 https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545322926 2023-04-05 18:15:35 UTC https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545322926 Income theodougy17 https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545323243 A way of gaining money through different things/jobs. You can get income from things like: 
  • Bank Interest
  • Pension
  • Wages
  • Allowances
]]> 2023-04-05 18:15:54 UTC https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545323243 Short Term Goals theodougy17 https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545323382 Goals/things you would like to achieve in a short period of time. They are usually more specific and are more realistic to achieve. ]]> 2023-04-05 18:16:02 UTC https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545323382 Long Term Goals theodougy17 https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545323510 Goals or things you would like to achieve in a long period of time. These kind of goals are generally less specific and a bit harder to achieve in a short period of time, if not harder, impossible. ]]> 2023-04-05 18:16:10 UTC https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545323510 Savings theodougy17 https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545323636 An account used to save money. It is usually used in banks as a way to help people save more money and gain interest to increase the amount of money they have in the account. ]]> 2023-04-05 18:16:18 UTC https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545323636 Compound Interest theodougy17 https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545323759 Compound interest is when you earn interest on both the money you've saved and the interest you earn.]]> 2023-04-05 18:16:27 UTC https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545323759 Simple Interest theodougy17 https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545323858 Simple interest is a technique used to calculate the proportion of interest paid on a sum over a set time period at a set rate.]]> 2023-04-05 18:16:33 UTC https://padlet.com/theodougy17/hoysmov03fvu416v/wish/2545323858