Patrick Bitature Language of Money











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Patrick Bitature - Language of Money • The ‘language of money’ refers to the set of concepts, terms, principles, and practices used to understand, communicate, and navigate the world of finance, business, and economics. • Below is a categorical list of fundamental terminology and concepts: • • Basic Finance Terminology: income, expenses, assets, liabilities, equity, profit, interest, capital, liquidity, and return on investment. • • Financial Statements: income statement, balance sheet, and cash flow statement. • • Basic Economics Concepts: supply and demand, inflation/deflation, interest rates, currency exchange, appreciation, depreciation, and perceived vs actual value. • • Credit: credit, leverage, good debt vs bad debt. • • Taxes: income tax, capital gains tax, tax deduction, and property tax. • Search for resources on basic finance management, accounting fundamentals, basic economics, balance sheets, and other books focused on financial literacy. • 📍 Original content from Patrick Bitature on YouTube (“Patrick Bitature on Financial Literacy”) • #africanwealthdiaries #ugandanentreprenuer #africanentreprenuer

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