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Frugality is the practice of being wise in your spending, finding value in purchases, and prioritizing your financial health over desires.

A budget is a financial plan that outlines expected income and expenditures over a specific period, typically monthly or annually.

Tax Credits are a dollar-for-dollar reduction in the amount of tax you owe to the government.

Tax deductions are specific expenses you've incurred throughout the year that the government allows you to subtract from your taxable income

A Roth IRA is a unique investing vehicle where you pay taxes on money going into your account, and then all future withdrawals are tax-free.

Deflation is a decrease in the general price level of goods and services. It's the opposite of inflation.

Your FICO score is a numerical summary of your credit report, a snapshot of your creditworthiness.

Interest rates, expressed as a percentage, are the cost of borrowing money or the reward for saving it.

Capital refers to the assets that individuals or businesses use to create wealth. It is the fuel that powers the engine of economic growth.

Venture Capital is a type of financing that investors provide to startups and small businesses that show potential for long-term growth.

Hedge Funds play a bigger game, using advanced strategies like 'short selling' or 'leverage.'

Asset Allocation is how you divide your investments among different types of assets – like stocks, bonds, and cash.

A bear market refers to a period when stock prices are falling, typically by 20% or more from recent highs.

The term 'bull market' is often associated with the stock market, but it can apply to anything that's traded: bonds, real estate, etc.

Capital gains are a key part of wealth building for everyone. By understanding them, you can maximize profits and minimize taxes.

Diversification is spreading your investments across different asset types such as stocks, bonds, real estate, etc.

Return on Investment is a financial metric that measures the profitability of an investment relative to its cost.

Investment, in the simplest terms, is the art of putting your money to work for you.

Active income is the cash flow you generate by putting in your time and effort.

Passive income is money you earn without actively working for it.