Think of some small family owned business, like a ma and pa shop. What they have after all expenses, the profit, is what they live off. That’s their “salary”.
What you have left after all expenses is your savings. In a business, savings would be an investment, which does not count as profit.
Think of some small family owned business, like a ma and pa shop. What they have after all expenses, the profit, is what they live off. That’s their “salary”.
What you have left after all expenses is your savings. In a business, savings would be an investment, which does not count as profit.