There are 4 commonly used financial statements: balance sheets, income statements, cash flow statements & statements of shareholders’ equity.
Over time, I’ll cover more complex topics and explain them in plain English. Welcome to the first part of our three-part mini-series on the three primary financial statements that every business owner or investor should know: Income statement (Profit & Loss): shows a company's revenue and...
Prequalification is an easy way to find out what type of car loans you may be able to get. It can be a low-risk way to get informed if you’re just shopping around.
So rather than regurgitate the same information I was used to reading at the time, I decided to dive into the actual numbers. I ran experiments to test my strategies. I createdsoftware toolsand calculators to use. And when I don’t know something or didn’t have experience with a specific...
We are regularly encouraged to shop around for car insurance or holiday cover, but the same should also be true when it comes to your mortgage. A mortgage will be the biggest expense in most households so any opportunities to remortgage to get the best rate should be taken. ...
We explain what matters most to consumers, experts and professional reviewers when it comes to homeowners insurance. Then we provide an unbiased evaluation of homeowners insurance products. Our goal is to empower consumers with the information and tools they need to make informed decisions. More info...
We’ve compiled this series on portfolio basics to unpack these resources and explain how investors can put this information to use. Investors can often improve their outcomes by getting a handful of key decisions right: keeping expenses low, matching the time horizon for their specific goals with...
Let me prove it to you.When I sold insurance, I understood the concept of asking for the sale. I was in a town of about 10,000 people -- a slightly below average market. I asked every person that walked in my door if I could have their business -- whether my prices where higher...
Words/expressions for types of payment: transfer of account, cash, check, credit card Words/expressions for ways to invest money: stocks, insurance, mutual funds, bonds Warm-up I. Watch the video clip and fill in the blanks...
investments, amortization and depreciation come into play as well. These allow you to deduct the cost or value of an asset over a number of years. It’s how many businesses end up cash-flow positive at the end of each calendar year, but owe little in actual taxes due to earlier ...