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Tag: wealth

The important things in Life

September 23, 2022 ivan Leave a comment

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

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

Zero Wealth as an arbitrary number

December 11, 2021 ivan Leave a comment

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

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

CONTRADICTORY IDEAS

October 12, 2019 ivan Leave a comment

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

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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…

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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…

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

TELLING STORIES IN A SCIENTIFIC WAY

October 9, 2019 ivan Leave a comment

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

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

YOU ARE NOT A MAILBOX

October 8, 2019 ivan 1 Comment

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

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

ASSETS

October 7, 2019 ivan Leave a comment

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

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

DEBT

October 6, 2019 ivan Leave a comment

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

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Posted in: Measure Filed under: debt, wealth

THE BRIGHTER SIDE OF DEBT FINANCING

October 5, 2019 ivan Leave a comment

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

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

THE DARK SIDE OF DEBT

October 4, 2019 ivan Leave a comment

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

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

INCOME

ivan Leave a comment

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

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

EXPENSES AND SAVING

October 3, 2019 ivan Leave a comment

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

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

Breaking Even

October 2, 2019 ivan Leave a comment

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

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

UNDERSTANDING YOUR MATERIAL WEALTH

October 1, 2019 ivan Leave a comment

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

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

UNDERSTANDING YOUR EVERYDAY TRANSACTIONS

September 30, 2019 ivan Leave a comment

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

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

DOUBLE ENTRY IN A TRIPLE EQUATION

September 29, 2019 ivan Leave a comment

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

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

UNMEASURABLE ASSETS AND MONEY AS A MEASURING SYSTEM

September 28, 2019 ivan Leave a comment

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

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

A PERFECT BALANCE AND GROWING WEALTH

September 27, 2019 ivan Leave a comment

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

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

WEALTH AND ZERO-SUM GAMES

September 26, 2019 ivan Leave a comment

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

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

COMPLEX TRANSACTIONS AND THE PERFECT ACCOUNTANT

September 25, 2019 ivan Leave a comment

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

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

ACCOUNTING FOR CASH (MONEY)

September 24, 2019 ivan Leave a comment

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

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

ACCOUNTING FOR DEBT

September 23, 2019 ivan Leave a comment

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

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

BUILD YOUR WEALTH IN 3D

September 22, 2019 ivan Leave a comment

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

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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 Leave a comment

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

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

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

September 20, 2019 ivan Leave a comment

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

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

THE VALUE OF THINGS

September 19, 2019 ivan Leave a comment

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

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

CASH-FLOW MANAGEMENT BIASES

September 18, 2019 ivan Leave a comment

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

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

NOW-FOCUS

September 17, 2019 ivan Leave a comment

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

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

THE AVERAGE MONSTERS

September 16, 2019 ivan Leave a comment

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

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

INVISIBILITY VS TRANSPARENCY

September 15, 2019 ivan Leave a comment

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

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

THINKING IN PERCENTAGES

September 14, 2019 ivan Leave a comment

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

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

How to Lose

ivan Leave a comment

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

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

WHERE ARE YOU LOOKING?

September 13, 2019 ivan Leave a comment

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

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

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

September 12, 2019 ivan Leave a comment

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

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Posted in: Explore Filed under: science, wealth

BINOCULAR VISION

September 11, 2019 ivan Leave a comment

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

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Posted in: Explore Filed under: science, wealth

I HELP THE WORLD BY “BEING SELFISH”

September 10, 2019 ivan Leave a comment

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

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

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

September 9, 2019 ivan Leave a comment

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

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

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

ivan Leave a comment

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

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

IS YOUR BACKWARD VISION A BACK PAIN?

September 8, 2019 ivan Leave a comment

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

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

LOOKING AT MYSELF, I SEE IT ALL

September 7, 2019 ivan Leave a comment

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

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

Improving Accounting

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

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Posted in: Uncategorized Filed under: accounting, wealth

IMPROVING THE WEALTH FORMULA

September 6, 2019 ivan Leave a comment

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

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

Double-Duel-Debate

November 25, 2016 ivan Leave a comment

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

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

Short Kibitzer Theory

November 24, 2016 ivan Leave a comment

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

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

Modern cooking and modern finance

November 23, 2016 ivan Leave a comment

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

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

Sensitivity Business Analysis

November 22, 2016 ivan Leave a comment

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

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

How Money Works

November 21, 2016 ivan Leave a comment

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

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

From asset to expense and vice versa

November 20, 2016 ivan Leave a comment

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

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

Explain Sales – volume, price and mix

November 19, 2016 ivan Leave a comment

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

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

My friend Ponzi

November 18, 2016 ivan Leave a comment

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

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Posted in: Manage Filed under: accounting, measure, networking, risk, wealth, zero-sum

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