Böcker av Meera Desai

Key Financial Concepts Explained (Income, Expenses, Assets, Liabilities, Debt)IncomeIncome is the money you earn by working, selling goods or services, or investing. Income comes in two types:· Active income is money you earn by working. For example, if you have a job, you earn a salary or wages. If you run a business, you earn a profit.· Passive income is money you earn by investing. For example, if you invest in stocks or bonds, you earn income.ExpensesExpenses are the money you spend on buying, doing, or getting services. Expenses come in two types:· Fixed expenses are expenses that stay the same every month. For example, if you have a mortgage or car payment, those expenses are fixed.· Variable expenses are expenses that depend on the amount of goods or services you buy. For example, the money you spend on food, clothes, or gas are variable expenses.AssetsAssets are valuable things that you own. Assets come in two types:· Tangible assets are assets that have a physical form. For example, if you own your home, car, or gold, those are tangible assets.· Liquid assets are assets that can be easily converted into cash. For example, if you have money in a bank account, that is a liquid asset.LiabilitiesLiabilities are debts that you owe. Liabilities come in two types:· Current liabilities are debts that must be paid within one year. For example, if you have a credit card bill that is due in a month, that is a current liability.· Long-term liabilities are debts that do not need to be paid within one year. For example, if you have a mortgage, that is a long-term liability.DebtDebt is money that you owe to someone else. Debt can be either good or bad. Good debt is debt that helps you to improve your financial situation, such as a mortgage or student loan. Bad debt is debt that does not help you to improve your financial situation, such as credit card debt or payday loans.

Imagine a world where environmental progress didn't rely on strict regulations or sacrifice, but blossomed from the very way we think and act. This is the revolutionary promise of Sustainable Minds, Sustainable Earth: Unleashing the Power of Behavioral Economics. This book delves into the fascinating intersection of psychology, economics, and sustainability. It unveils the hidden biases, mental shortcuts, and social influences that shape our choices, often leading to behaviors that harm the planet. From impulsive buys that pile up waste to our preference for immediate gratification over long-term environmental well-being, the book exposes the invisible forces at play. But this isn't just an exposé of our ecological shortcomings. It's a powerful guide to harnessing the same forces for good. By understanding how our minds work, we can design interventions that nudge us towards sustainable choices without coercion or guilt. The book presents a toolkit of proven strategies, from subtle nudges in grocery store layouts to social norms campaigns that leverage our desire to belong. Through compelling case studies and cutting-edge research, the book showcases how behavioral economics has already transformed industries and communities. We see how eco-friendly defaults in energy plans have boosted conservation, how gamifying recycling has engaged children, and how social comparison campaigns have encouraged responsible water use. Sustainable Minds, Sustainable Earth is a call to action for individuals, policymakers, and businesses alike. It's a roadmap for a future where sustainability isn't just a burden, but a natural consequence of the way we live, think, and interact with the world around us. By harnessing the power of our minds, we can unlock a future where a healthy planet and thriving communities go hand in hand.