💰 Learn English About EARNING MONEY - Vocabulary Lesson about Earning Money

Hello everybody welcome to the English Danny Channel 30 day vocabulary

challenge. Today we will learn English words and phrases for talking about

earning money money sometimes that money can be great other times it can cause

big problems let's learn words and phrases about earning money please

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first let's learn some earning money words we'll start with the word income

income is money received from work or investments some synonyms or words that

mean the same as income our wages earnings pay and salary the next word is

cash cash is money in coins or notes let's look at some sentences with cash I

get paid in cash do you have any cash the next earning money word is interests

interest is money that is charged by a bank or other financial institution for

borrowing money interest is a percentage charged for borrowing that must be paid

back here is a sentence example using the word interest I took a loan with a

5% interest rate the next word is credit credit is a method of paying for goods

or services at a later time usually paying interest as well as the original

money borrowed a type of credit is a credit card a credit card is a type of

payment that lets you buy things and pay for them later

with added interest here are some sentences using the word credit I got a

new credit card today with a $5,000 limit my credit card has a 10% interest

rate the next word is debt that is money that is owed or due here are some

examples they aren't debt to the bank she is in

deep debt the next word is salary a salary is a fixed amount of money paid

to an employee on a regular basis a salary may be paid monthly or bi-weekly

bi-weekly means two times a month look at these examples she earns a salary of

$4,000 a month his salary is $1,000 bi-weekly

this salary is high enough that I can pay off my debt

next let's learn some phrases for earning money the first phrase is earn

money to gain in return for one's labor or service you get paid money for the

work or services you provide here are some examples he earns $50,000 a year my

earnings this year are lower than my earnings last year I'm going to get a

new job because I need to earn more money to pay off my debt the next phrase

is to borrow something to borrow something means to get or receive

something from someone with the intention of paying it back after a

period of time you can borrow something simple for example can I borrow a pen or

you can borrow money to buy something for example they decided to buy the car

on credit in this case you would probably need to pay interest for the

car the next phrase is to lend something to lend something means to give someone

something for a short time expecting that they will give it back to you later

if you lend someone something someone borrows it from you here's some examples

for it lend something she let me her coat the bank

let me $10,000 as you can see in these sentences we use the word lent not lend

because lent is the past tense of lend let's look at it lend in a question can

you lend me some money sure how much do you want to borrow how

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