It’s so important your personal finances depend on it! — Every major corporation in the world keeps track of its bottom line, on its profit & loss statement (“P&L”). Government regulators, investors, and company management all think that this statement contains crucial information to be aware of. So, do you know what is so important about a P&L? And do…

The mirage your not-so-friendly neighborhood big bank is selling you … — The first rule of personal finance is to take advantage of all the FREE-MONEY opportunities surrounding you: · Build a lucrative side hustle based on your existing talents, · Don’t miss out on your employer’s 401(k) match, · Resell the old or unused items sitting around your home, · Or…

Automatic habits have never been so important … — Personal finances are not everyone’s secret passion … but they are a necessary part of adult life. Becoming an expert is far from required, but you can save yourself an incredible headache by building up your personal financial fundamentals. The Key To Success If personal finance is not a passion of yours, then your…

Don’t listen to Dumb Money … you still have a chance — It often feels that the deck is stacked against us, and in many situations it is. The odds are stacked against you walking into a casino, that is how they stay in business. This often feels the same … but is not the case when we are investing. Who Is The Big Guy? Big guys…

Use this financial statement to calculate your net worth! — Every large company maintains a balance sheet, do you have one for your life? Your Personal Net Worth The balance sheet tells you three critical pieces of information in personal finance: · What you have: aka all of the assets in your life, · What you owe: aka the debt required to own those…

It’s not just used to tell your story — Accounting’s primary use in personal finance is to tell your story: Are You Reading Your Personal Financial Story? Straightforward accounting is the key to telling your story.in50orless.medium.com But what are the other uses for accounting? Do You Want To Predict The Weather? Accounting creates a detailed log of your personal financial history. This history can serve many purposes once you organize it into a digestible format.

Cash is king … and you need to act like it. — The P&L is arguably the most important financial statement for the largest companies in the world … do you have one in your personal life? Your Personal Bottom Line The profit and loss statement tells you two of the most important pieces of information in all personal finance: · Your top line: aka the…

Year two in review … — Months 13 to 24 Of Writing Online I have been writing online for just over two years now. By day I work a job as an expert witness consultant, which can involve more than your typical 9–5 hours. That job definitely takes priority over my writing, but so far, I have been able to balance the two. …

Straightforward accounting is the key to telling your story. — Accounting has a relatively simple purpose in business. It functions as a cog in the overall machine, similar to finance, marketing, and any other department in an organization. The day-to-day function of accounting gets complicated when tracking each and every tedious detail. This complexity drives the accounting field’s negative reputation…