Personal Finance | Basic Business English Vocabulary

Hi, I'm teacher Loren. Let's understand first, Why Professional English Matters in Finance?

Here we go:

• Clarity and Precision: Financial concepts are often complex. Professional English demands clear and concise language to avoid misunderstandings.

• Global Communication: The financial world is highly interconnected. Using professional English ensures effective communication with colleagues, clients, and institutions worldwide.

• Building Credibility: Professional language projects an image of competence and expertise, essential for trust in financial matters.

• Navigating Legal and Regulatory Texts: Financial regulations are often dense and legally binding. Professional English skills are vital for understanding and adhering to them.

Vocabulary List

Money:

• Currency: The official money of a country (e.g., US dollar, Euro, Brazilian Real).

• Income: Money received, usually from work or investments.

• Salary: Fixed regular payment received for employment.

• Wage: Payment for work, often hourly or per task.

• Revenue: Income generated by a business.

• Profit: The difference between revenue and expenses.

• Expense: Money spent on goods or services.

• Debt: Money owed to someone else.

• Interest: The cost of borrowing money.

• Investment: Putting money into something with the expectation of profit.

Personal Finances:

• Budget: A plan for managing income and expenses.

• Savings: Money set aside for future use.

• Assets: Things owned that have value (e.g., house, car, investments).

• Liabilities: Debts owed (e.g., mortgages, credit card debt).

• Net Worth: The difference between assets and liabilities.

• Financial Planning: Creating a plan for achieving financial goals.

• Retirement Planning: Planning for financial needs after retirement.

• Insurance: Protection against financial loss.

• Tax: Money paid to the government.

• Financial Literacy: Understanding financial concepts and how to manage money.

Remember, the best way to learn new vocabulary is to use it in context. Try to incorporate these words into your daily conversations and writing.

Elevate your journey

Falar inglês é uma habilidade essencial para quem deseja ter sucesso pessoal e profissional no mundo globalizado de 2024. Se você ainda não fala inglês, comece a aprender hoje mesmo. Unlock your language superpowers, let's chat! Agenda para aulas online estão abertas. Poucas vagas disponíveis. Entre em contato com a teacher Loren clicando aqui.

See ya!

Teacher Loren