"Net worth is the value the assets a person or corporation owns, minus the liabilities they owe." 
"An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit." 
"A liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services." 
Annual Percentage Rate (APR) "refers to the annual rate of interest charged to borrowers and paid to investors." 
Debt is "n amount of money borrowed by one party from another. Debt is used by many corporations and individuals as a method of making large purchases that they could not afford under normal circumstances" .
"An individual retirement account (IRA) is a type of tax-deferred or tax-free retirement savings account that many financial institutions offer" .
Interest is "the charge for the privilege of borrowing money, typically expressed as annual percentage rate (APR). Interest can also refer to the amount of ownership a stockholder has in a company, usually expressed as a percentage" .
"The annual percentage yield (APY) is the real rate of return earned on a savings deposit or investment taking into account the effect of compounding interest" .
An exchange traded fund is "a type of security that involves a collection of securities—such as stocks—that often tracks an underlying index, although they can invest in any number of industry sectors or use various strategies" .
Passive income is "income that requires little to no effort to earn and maintain" 
"Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over some period of time" .