While it may not be fun, understanding accounting terms are crucial as you begin investing or start a business. The most important part of investing is knowing the price you're paying versus the intrinsic value of the company. Simply put, the lower the price you pay relative to value, the more your investment will return over time. Accounting revolves around this … [Read more...] about Quick Accounting Terms for Intelligent Investing
Personal Finance
Frugal Living Without Looking Cheap
The easiest way to increase your savings is by cutting costs, and there is no better way to cut costs than to frugal living With that said, frugal living can have the wrong connotations. There is a fine line between frugal living and being cheap. Aside from looking cheap, your cost cutting could come at the expense of future revenues. We will break down frugal living without … [Read more...] about Frugal Living Without Looking Cheap
The Millionaire Next Door Review – 7 Lessons Learned
The Millionaire Next Door is a review of millionaires, and changed how they're perceived. Most people see millionaires living in Beverly Hills or Park Avenue with nice cars and glamorous homes. It turns out that the opposite is true. Most millionaires reject showing off their money - they live in sensible homes "next door", bargain shop for used cars, and raise children who … [Read more...] about The Millionaire Next Door Review – 7 Lessons Learned
The Two Greatest Wealth Destroyers
The two greatest wealth destroyers, hands down, are divorces and taxes. By reducing your tax obligations and chances of getting divorce, you will be able to accelerate your financial independence. Divorce is Incredibly Expensive Divorce is the largest wealth destroyer that can happen. The top expenses are litigation, child care, and work expenses. Due to these costs and … [Read more...] about The Two Greatest Wealth Destroyers
Divorce is the Largest Asset Destroyer
Although there are several things to avoid when building wealth, divorce is the largest asset destroyer there is. Divorces can really add up, but there are plenty of ways to prepare for the expenses on the horizon. By preparing for these expenses, you will be able to enter the single world in a much better place. Divorce is Incredibly Expensive Studies have shown they result … [Read more...] about Divorce is the Largest Asset Destroyer