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Words & phrases used by SELF training.



Browse the glossary using this index

Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O
P | Q | R | S | T | U | V | W | X | Y | Z | ALL

D

Debt

:
1. A liability or obligation owed to another.
2. Your MONEY and/or your TIME owed to someone else.

M

Mortgage.

:
1. Mort = death + gage = pledge.
Why would anyone?

P

Profit

:
1. Your net gain after all expenses.
2. Your advantage or benefit from the excess of return over outlay.
3. When income exceeds expenses.
How much you PROFIT depends on when you plan to PROFIT. The result of successfully leveraging your MONEY and/or TIME.

T

Time

:
1. The distance measurement from point A to point B.
2. A volatile asset that, if not used immediately, is lost instantly.
Many people pay to learn how to make money but pay even more to save TIME.

U

Unlend

:
1. To pay off a loan in full ahead of term or any activity associated with paying off a loan to drastically minimize interest cost.
2. Leveraging process using short term debt to pay off longer term debt.
Bob learned to unlend his 30 year mortgage by paying it off in 7 years saving over 100,000 in interest costs.
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