By Nicole Thompson

Source: www.realsea.net

Despite what we may think, many celebrities started out just as broke as the rest of us. Sound impossible? It isn’t. There is a list as long as my arm of actors, singers, song-writers and producers who began their careers in their basements or in garages, while chowing down on ramen noodles or peanut butter and jelly sandwiches. Before some of the ladies on this list were raking in millions if not billions, they went through their share of struggles (including discrimination, living in poverty, drug use and more) just like everyone else.

Not all aspects of finance will ever apply to you but personal finance is something you have to deal with everyday–whether you think you are or not. It’s important that you know some personal finance basics so you understand what’s going on with your money. Here are seven very basic terms that everyone should know:

madamenoire.com

Net Worth
Your personal net worth is the difference between your assets and debt. A positive net worth means you have more cash flow from your resources than liabilities. A negative net worth means you owe more than you bring in.

(CNN Money) — Just over a year ago, in May 2009, word leaked to the press that the two richest men in America, Bill Gates and Warren Buffett, had organized and presided over a confidential dinner meeting of billionaires in New York City. David Rockefeller was said to have been a host, Mayor Michael Bloomberg and Oprah Winfrey to have been among those attending, and philanthropy to have been the main subject.

Read More…