Managing contradictory or conflicting ideas can be painfully difficult for us humans. It can be confusing, it can be depressing,…
We all know that sequences matter. Most things need to be done in a particular, sensible order – one that…
All of the characters we’ll see in the pages to come live on the 11th floor of a big downtown…
There are two basic methods of persuading someone about your ideas in a reasonable way. The first method – our…
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.…
The basic idea behind all financial borrowing instruments is that they allow you to buy something using other people’s money,…
In many cases, the problem with debt is not the borrowing part, but the paying-back part of the deal. Yes,…
Income is really quite magical. You make some sort of contribution, and you’re paid. You may produce a product or…
Thomas: Sarah, what are you good at? Sarah: I am good at saving money while promoting a happy family lifestyle.…
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…
If you have increased your wealth, you have become richer. That means you can explore more opportunities. Maybe you have…
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…
On the path to an epic win There have been times in the past when it was all about glory.…
The “now-focusing effect” inevitably leads to a preference for spending over saving. But can we even process economic numbers correctly?…
You know about invisibility. You’ve seen it (or not seen it) in movies where the good guy (or maybe the…
Most people are able to manage their everyday calculating tasks, including those related to money. “This item I need costs…
Thomas: Today I would like to educate you on a special topic – one on which I consider myself an…
Over the next several pages, I’d like to share a series of seven articles I call “Where Are You Looking?”…
The dreamer’s disease. There is this small segment of the world’s population with the courage to think differently from the…
Here we have science once again. You can’t say I don’t like it, can you? It’s where all the new…
Garret: There are so many opportunities in life. Taking advantage of most of them helps you, and it helps others…
We want to make the world a better place. We want to build, discover and innovate, but how can we…
Most people who are into science do not like God or religion. They disapprove of and reject religious beliefs and…
The good old days Everyone is talking about the good old days. Let’s talk about the good old days. Hello…
This dude uses all sorts of dirty tricks to mess with your mind. How can we disprove the circular logic…
This chapter is a bit technical it shows how traditional accounting has been done, to what basis it may lead…
This article deals with the limitations our wealth formula imposes on us. ASSETS – DEBT = INCOME – EXPENSES =…
Interviews in most cases are a boring and biased way of promoting someone. There are like two basic scenarios. The…
It was a sunny day so Tomas decided to go for a walk in the park. After a short break…
Do you remember your (grand) mother’s best dish? Yes it was a piece of art. Now compare it with a…
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…