What is the difference between a cold and the flu? The flu and the common cold are both respiratory illnesses but they are caused by different viruses. Because these two types of illnesses have similar symptoms, it can be difficult to tell the difference between them based on symptoms alone. In general, the flu is worse than the common cold, and symptoms are more common and intense. Colds are usually milder than the flu. People with colds are more likely to have a runny or stuffy nose.
Financial independence typically means having enough income to pay your living expenses for the rest of your life without having to work full time. Some people achieve this through saving and investing over many years, while others build successful businesses that can generate income without daily supervision.
1 The most important financial statement for the majority of users is likely to be the income statement, since it reveals the ability of a business to generate a profit. 2  Also, the information listed on the income statement is mostly in relatively current dollars, and so represents a reasonable degree of accuracy.he key points favoring each of these financial statements as being the most important are: 1  Income statement. 2  The most important financial statement for the majority of users is likely to be the income statement, since it reveals the ability of a business to generate a profit.