Skip to content

WealthOZ

How wrong can it be?
  • Home
  • Ivan Petkov
  • Articles
  • BG
  • Aphorisms
  • Music

Articles

Междинния Сбор уби Класическия Външен Финансов Одит

September 19, 2024 ivan

Целта на Външния Финансов Одит е да потвърди че финансовия отчет на определена компания дава вярна представа за финансовото състояние…

Continue Reading →

Posted in: Uncategorized

Частично Върховенство на Закона

June 23, 2024 ivan

Човешките взаимоотношения са много сложно нещо, човешките правила и закони са сложно нещо. Първото поражда второто и после второто се…

Continue Reading →

Posted in: Uncategorized

Кое е Консервативното и дърпа ли то юздите на Прогреса?

January 29, 2024 ivan

Съществува конфликт между традициите и Прогреса, между това, което е работило (в миналото) и това което ще ни развива за…

Continue Reading →

Posted in: Explore

БДС уроците се повтарят, ама малко по-така

September 8, 2023 ivan

През 80-те години, управниците на комунистическа България, в унисон с техните куестове за преизпълняване на петилетки и съревнование с капиталистическия…

Continue Reading →

Posted in: Measure Filed under: manage, measure, measuring results, wealth, БДС

Административен сън в лятна нощ

May 18, 2023 ivan

Настоящата статия разказва, как ние като хора и общество сме построили нива, слоеве от социални абстракции базирани на власт, добруване…

Continue Reading →

Posted in: Uncategorized

Корупционните мантри

February 19, 2023 ivan

Е, много се краде в България! Само ако премахнем корупцията в страната и всичко ще се оправи! Всички политици са…

Continue Reading →

Posted in: Uncategorized Filed under: accounting, wealth

The important things in Life

September 23, 2022 ivan

My perspective as agnostic What are the important things in life? I do not know what the important things in…

Continue Reading →

Posted in: Uncategorized Filed under: barbel, measure, wealth

Zero Wealth as an arbitrary number

December 11, 2021 ivan

So you are young and you have “0” money. You have energy, time, and probably determination to make it Big…

Continue Reading →

Posted in: Measure Filed under: assets, debt, wealth, zero-sum

Why Wealth?

October 13, 2019 ivan

The term wealth, which means an abundance of resources and goods, has gradually lost its popularity in everyday life and…

Continue Reading →

Posted in: Approach Filed under: approach

CONTRADICTORY IDEAS

October 12, 2019 ivan

Managing contradictory or conflicting ideas can be painfully difficult for us humans.  It can be confusing, it can be depressing,…

Continue Reading →

Posted in: Approach Filed under: approach, explore, wealth

Sequence in motion

October 11, 2019 ivan

We all know that sequences matter. Most things need to be done in a particular, sensible order – one that…

Continue Reading →

Posted in: Approach, Explore Filed under: approach, wealth

MEET THE CAST OF CHARACTERS

October 10, 2019 ivan

All of the characters we’ll see in the pages to come live on the 11th floor of a big downtown…

Continue Reading →

Posted in: Approach, Explore Filed under: approach, explore, wealth

TELLING STORIES IN A SCIENTIFIC WAY

October 9, 2019 ivan

There are two basic methods of persuading someone about your ideas in a reasonable way. The first method – our…

Continue Reading →

Posted in: Approach, Explore Filed under: approach, science, stories, wealth

YOU ARE NOT A MAILBOX

October 8, 2019 ivan

Now to the point. You receive a paycheck from your employer. Then you write some checks of your own. Then…

Continue Reading →

Posted in: Measure Filed under: budgeting, measure, wealth

ASSETS

October 7, 2019 ivan

We display or demonstrate our material well-being by showing off things we own. It is as simple as that. Some…

Continue Reading →

Posted in: Measure Filed under: assets, measure, wealth

DEBT

October 6, 2019 ivan

Let’s say you have an innovative business idea and plan, but not, unfortunately, all the funds necessary to finance it.…

Continue Reading →

Posted in: Measure Filed under: debt, wealth

THE BRIGHTER SIDE OF DEBT FINANCING

October 5, 2019 ivan

The basic idea behind all financial borrowing instruments is that they allow you to buy something using other people’s money,…

Continue Reading →

Posted in: Manage Filed under: case study, debt, manage, wealth

THE DARK SIDE OF DEBT

October 4, 2019 ivan

In many cases, the problem with debt is not the borrowing part, but the paying-back part of the deal. Yes,…

Continue Reading →

Posted in: Manage Filed under: debt, manage, wealth

INCOME

ivan

Income is really quite magical. You make some sort of contribution, and you’re paid. You may produce a product or…

Continue Reading →

Posted in: Measure Filed under: income, measure, wealth

EXPENSES AND SAVING

October 3, 2019 ivan

Thomas: Sarah, what are you good at? Sarah: I am good at saving money while promoting a happy family lifestyle.…

Continue Reading →

Posted in: Manage Filed under: characters, expenses, manage, stories, wealth

Breaking Even

October 2, 2019 ivan

Expense properties Here is an introduction to an old theory about expenses, dominant during the industrial revolution. John Hudson: How…

Continue Reading →

Posted in: Manage, Measure Filed under: case study, expenses, stories, wealth

UNDERSTANDING YOUR MATERIAL WEALTH

October 1, 2019 ivan

We finally reach the central idea of this site. The very first 11th-floor meeting was quite straightforward. Sarah Hudson, a…

Continue Reading →

Posted in: Measure Filed under: assets, debt, expenss, farmula, income, measure, stories, wealth

UNDERSTANDING YOUR EVERYDAY TRANSACTIONS

September 30, 2019 ivan

Thomas’s views on everyday transactions Thomas: I think the concept of WEALTH we’ve been talking about is very powerful and…

Continue Reading →

Posted in: Measure Filed under: accounting, assets, debt, expenses, income, wealth

DOUBLE ENTRY IN A TRIPLE EQUATION

September 29, 2019 ivan

Thomas: There is something confusing about this bloody equation: The problem is that the way you increase your assets and…

Continue Reading →

Posted in: Measure Filed under: farmula, measure, wealth

UNMEASURABLE ASSETS AND MONEY AS A MEASURING SYSTEM

September 28, 2019 ivan

Money has become an indispensable part of our lives. We measure success in terms of money, we compare projects and…

Continue Reading →

Posted in: Measure Filed under: assets, unmeasurable, wealth

A PERFECT BALANCE AND GROWING WEALTH

September 27, 2019 ivan

Sarah Hudson:  There is something that bothers me about the wealth formula. If everything balances so perfectly, how can you…

Continue Reading →

Posted in: Measure Filed under: accounting, formula, wealth

WEALTH AND ZERO-SUM GAMES

September 26, 2019 ivan

If you have increased your wealth, you have become richer. That means you can explore more opportunities. Maybe you have…

Continue Reading →

Posted in: Explore Filed under: explore, hedge, risk, wealth, zero-sum

COMPLEX TRANSACTIONS AND THE PERFECT ACCOUNTANT

September 25, 2019 ivan

Ann: What would the perfect accountant look like? Garret: Something like me…. But remember, I am much more than a…

Continue Reading →

Posted in: Measure Filed under: accounting, complex transactions, formula, measure, stories, wealth

ACCOUNTING FOR CASH (MONEY)

September 24, 2019 ivan

As you know, most of our everyday economic transactions involve money (cash). So, we consider it appropriate to explain cash…

Continue Reading →

Posted in: Measure Filed under: accounting, cash, formula, measure, wealth

ACCOUNTING FOR DEBT

September 23, 2019 ivan

Here is the next article; this one is about recording your debt. Debt plays an important role in our lives;…

Continue Reading →

Posted in: Measure Filed under: accounting, debt, formula, measure, wealth

BUILD YOUR WEALTH IN 3D

September 22, 2019 ivan

Sri Humana:  Enough of this accounting bullshit. Wealth is much more than just property, classified into accounts. Thomas pisses me…

Continue Reading →

Posted in: Explore, Measure Filed under: discipline, explore, knowledge, measure, measuring results, networking, risk, time, wealth, WealthUnits

DISTINGUISHING BETWEEN YOUR WEALTH UNITS

September 21, 2019 ivan

Back once again to the material wealth domain. Sarah: The concept of material wealth is very useful and important, but…

Continue Reading →

Posted in: Measure Filed under: measure, stories, wealth

COMPREHENSIVE FAMILY ACCOUNTING: PUTTING IT ALL TOGETHER, FROM TRANSACTIONS TO REPORTS

September 20, 2019 ivan

How do you record and measure your family’s wealth in a comprehensive way? Thomas: It is time to put together…

Continue Reading →

Posted in: Measure Filed under: accounting, assets, debt, expenses, income, stories, wealth, WealthUnits

THE VALUE OF THINGS

September 19, 2019 ivan

How do we value things? Purchased items are easily valued, but only initially – at the time of the purchase.…

Continue Reading →

Posted in: Measure Filed under: assets, case study, measure, stories, wealth

CASH-FLOW MANAGEMENT BIASES

September 18, 2019 ivan

Cash-flow management is a very important system that teaches prudence and limiting risk exposure. It is essential for one’s financial…

Continue Reading →

Posted in: Measure Filed under: bais, cash, formula, measure, science, wealth, zero-sum

NOW-FOCUS

September 17, 2019 ivan

On the path to an epic win There have been times in the past when it was all about glory.…

Continue Reading →

Posted in: Explore Filed under: explore, instant gratification, measure, time, wealth

THE AVERAGE MONSTERS

September 16, 2019 ivan

The “now-focusing effect” inevitably leads to a preference for spending over saving. But can we even process economic numbers correctly?…

Continue Reading →

Posted in: Explore Filed under: average monsters, statistics, stdev, wealth

INVISIBILITY VS TRANSPARENCY

September 15, 2019 ivan

You know about invisibility. You’ve seen it (or not seen it) in movies where the good guy (or maybe the…

Continue Reading →

Posted in: Explore Filed under: invisible, transperant, wealth

THINKING IN PERCENTAGES

September 14, 2019 ivan

Most people are able to manage their everyday calculating tasks, including those related to money. “This item I need costs…

Continue Reading →

Posted in: Explore Filed under: measuring results, ratio, science, wealth

How to Lose

ivan

Thomas: Today I would like to educate you on a special topic – one on which I consider myself an…

Continue Reading →

Posted in: Explore Filed under: lose, wealth, win

WHERE ARE YOU LOOKING?

September 13, 2019 ivan

Over the next several pages, I’d like to share a series of seven articles I call “Where Are You Looking?”…

Continue Reading →

Posted in: Explore Filed under: bais, explore, stories, wealth

YOU DON’T NEED EYES TO SEE, YOU NEED VISION

September 12, 2019 ivan

The dreamer’s disease. There is this small segment of the world’s population with the courage to think differently from the…

Continue Reading →

Posted in: Explore Filed under: science, wealth

BINOCULAR VISION

September 11, 2019 ivan

Here we have science once again. You can’t say I don’t like it, can you? It’s where all the new…

Continue Reading →

Posted in: Explore Filed under: science, wealth

I HELP THE WORLD BY “BEING SELFISH”

September 10, 2019 ivan

Garret: There are so many opportunities in life. Taking advantage of most of them helps you, and it helps others…

Continue Reading →

Posted in: Explore Filed under: bais, selfish, wealth

KEEPING YOU UP-TO-DATE – ENOUGH OF THESE “SHOE STORIES”

September 9, 2019 ivan

We want to make the world a better place. We want to build, discover and innovate, but how can we…

Continue Reading →

Posted in: Explore Filed under: information, news, wealth

THE SKY IS THE LIMIT, BUT THE SUN IS BLINDING ME

ivan

Most people who are into science do not like God or religion. They disapprove of and reject religious beliefs and…

Continue Reading →

Posted in: Explore Filed under: God, religion, science, wealth

IS YOUR BACKWARD VISION A BACK PAIN?

September 8, 2019 ivan

The good old days Everyone is talking about the good old days. Let’s talk about the good old days. Hello…

Continue Reading →

Posted in: Explore Filed under: bais, history, past, wealth

LOOKING AT MYSELF, I SEE IT ALL

September 7, 2019 ivan

This dude uses all sorts of dirty tricks to mess with your mind. How can we disprove the circular logic…

Continue Reading →

Posted in: Explore Filed under: bais, explore, God, measure, measuring results, wealth

Improving Accounting

ivan

This chapter is a bit technical it shows how traditional accounting has been done, to what basis it may lead…

Continue Reading →

Posted in: Uncategorized Filed under: accounting, wealth

IMPROVING THE WEALTH FORMULA

September 6, 2019 ivan

This article deals with the limitations our wealth formula imposes on us. ASSETS – DEBT = INCOME – EXPENSES =…

Continue Reading →

Posted in: Measure Filed under: consolidation, measuring results, risk, stdev, unmeasurable, wealth

Double-Duel-Debate

November 25, 2016 ivan

Interviews in most cases are a boring and biased way of promoting someone. There are like two basic scenarios. The…

Continue Reading →

Posted in: Explore Filed under: debate, ethics, explore, wealth

Short Kibitzer Theory

November 24, 2016 ivan

It was a sunny day so Tomas decided to go for a walk in the park. After a short break…

Continue Reading →

Posted in: Explore Filed under: antikibizioner, voting, wealth

Modern cooking and modern finance

November 23, 2016 ivan

Do you remember your (grand) mother’s best dish? Yes it was a piece of art. Now compare it with a…

Continue Reading →

Posted in: Manage Filed under: assets, finance, manage, portfolio, wealth

Sensitivity Business Analysis

November 22, 2016 ivan

Or how much can you lose I do not believe that spreadsheets can change the world but let’s give it…

Continue Reading →

Posted in: Measure Filed under: budgeting, risk, wealth

How Money Works

November 21, 2016 ivan

There are so many books and theories about money, their origin, use, purpose and so on…. Yes, money (try to)…

Continue Reading →

Posted in: Measure Filed under: accounting, money, wealth

From asset to expense and vice versa

November 20, 2016 ivan

Inspired by  Paul Portesi.   One of the most significant accounting problem that has to be solved on a daily…

Continue Reading →

Posted in: Measure Filed under: accounting, assets, expenses, wealth

Explain Sales – volume, price and mix

November 19, 2016 ivan

Ann: We have two products – product A and Product B. Product A is been sold in France and product…

Continue Reading →

Posted in: Measure Filed under: income, measure, sales, statistics, wealth, WealthUnits

My friend Ponzi

November 18, 2016 ivan

Find out, how pyramid schemes and finical frauds look like. Sarah:  I have to tell you about this great lady…

Continue Reading →

Posted in: Manage Filed under: accounting, measure, networking, risk, wealth, zero-sum
Creative Common 2019 WealthOZ.com