Welcome to the 1520 Perfect Dictionary

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Income
INCOME

Definitions:

i. The money that a person, a region, a country, etc. earns from work, from investing money, from business, etc.

ii. Whatever is received as gain, e.g. wages or salary, receipts from business, dividends from investments, etc.
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* All seven elements should be in.


1. Purposeful and necessary.

2. Earned honestly. That is, fully deserved.

3. Received at the right, expected time.

4. Enough to meet all needs (responsibilities); not all wants.

5. Source(s) of profits, dividends, etc. is/are legal or genuine. That is, no possibility of a 'gain' being seized later as a result of the illicit nature of getting same (connect to #2 above the line).
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See perfect INVESTMENT (2).


Quote: "The secret of success in life is for a man to be ready for his opportunity when it comes". - Earl of Beaconsfield.
Below the Line
1. After satisfying or meeting all needs, there would still be some 'cash' left (as savings), till the next income due date/period.

2. Accounted for honestly. That is, taxes, returns, etc. as applicable, that should be made on earnings are correctly and timely made.
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... okay, HOWEVER SPENT !


Quote: "My problem lies in reconciling my gross habits with my net income". - Errol Flynn (1909-1959).

1520 Products

1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way.

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