Tag: cashflow

Understanding financial statements 101

Post author By Tom Spencer
Post date June 1, 2008
4 Comments on Understanding financial statements 101

UNDERSTANDING financial statements is very important if you are looking to invest, become a consultant, work as a CEO or in upper management, or want to start and run your own business. Understanding financial statements will allow you to assess a company’s current financial strength, and determine its profitability and creditworthiness. This article provides an […]

Tags asset, balance sheet, cashflow, cashflow statement, debt, equity, equity holder, expense, financial statement, Investing, investment, liability, net profit, profit and loss statement, revenue, statement of owners equity, statement of retained earnings

Investing

What is an asset? What does it mean to be wealthy?

Post author By Tom Spencer
Post date April 20, 2008
4 Comments on What is an asset? What does it mean to be wealthy?

What is an asset? THE question, “What is an asset?” seems like an absurdly simple question. But if you understand the answer to that simple question, and act on it, you have started down the path that leads to riches. Few people become rich, so clearly then, few people understand the answer to this question. […]

Tags asset, cashflow, define wealth, definition rich, Investing, investment, Kiyosaki, passive income, rich, Rich Dad, riches, Robert Kiyosaki, wealth