Foundation Program · Module 1: Understanding Money & Mindset · Lesson 3 of 20
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Lesson 3 · Module 1
Income vs Expenses
Understanding Money & Mindset
Breaks down the two sides of every financial picture — what comes in and what goes out — and why tracking both is the foundation of financial control.
What You'll Learn
- Define income and list common types (active, passive, and side income)
- Define expenses and separate fixed from variable costs
- Explain cash flow as the relationship between money coming in and money going out
- Start thinking in terms of cash flow instead of just a paycheck
Learn With Dominar
Dominar will show you how money flows into and out of your life, and why understanding both your income and your expenses gives you a complete picture of your finances.
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