Now to the point. You receive a paycheck from your employer. Then you write some checks of your own. Then…
We display or demonstrate our material well-being by showing off things we own. It is as simple as that. Some…
Let’s say you have an innovative business idea and plan, but not, unfortunately, all the funds necessary to finance it.…
Income is really quite magical. You make some sort of contribution, and you’re paid. You may produce a product or…
Expense properties Here is an introduction to an old theory about expenses, dominant during the industrial revolution. John Hudson: How…
We finally reach the central idea of this site. The very first 11th-floor meeting was quite straightforward. Sarah Hudson, a…
Thomas’s views on everyday transactions Thomas: I think the concept of WEALTH we’ve been talking about is very powerful and…
Thomas: There is something confusing about this bloody equation: The problem is that the way you increase your assets and…
Money has become an indispensable part of our lives. We measure success in terms of money, we compare projects and…
Sarah Hudson: There is something that bothers me about the wealth formula. If everything balances so perfectly, how can you…
Ann: What would the perfect accountant look like? Garret: Something like me…. But remember, I am much more than a…
As you know, most of our everyday economic transactions involve money (cash). So, we consider it appropriate to explain cash…
Here is the next article; this one is about recording your debt. Debt plays an important role in our lives;…
Sri Humana: Enough of this accounting bullshit. Wealth is much more than just property, classified into accounts. Thomas pisses me…
Back once again to the material wealth domain. Sarah: The concept of material wealth is very useful and important, but…
How do you record and measure your family’s wealth in a comprehensive way? Thomas: It is time to put together…
How do we value things? Purchased items are easily valued, but only initially – at the time of the purchase.…
Cash-flow management is a very important system that teaches prudence and limiting risk exposure. It is essential for one’s financial…
This article deals with the limitations our wealth formula imposes on us. ASSETS – DEBT = INCOME – EXPENSES =…
Or how much can you lose I do not believe that spreadsheets can change the world but let’s give it…
There are so many books and theories about money, their origin, use, purpose and so on…. Yes, money (try to)…
Inspired by Paul Portesi. One of the most significant accounting problem that has to be solved on a daily…