Finance

Financial freedom through real estate investing has been a dream for many people. It’s a process that requires knowledge and experience. Michael Ross has authored the must-read book, “How to Invest in Vacant Land and Create Financial Independence With Property”. This book will help you build wealth in real estate and make it easier to live a comfortable life. This …

How to achieve financial freedom in five years is a goal that can be achieved through various measures. By reducing your monthly living expenses, you can free up significant amounts of money each month. For example, you can reduce your cable bill by cutting it in half, make meals at home instead of eating out, and give up gym memberships …

There are several steps you can take in order to achieve financial freedom. The earlier you start investing, the greater your return will be. You should aim to increase your investments at least as much as your income. You should have an asset allocation of about fifty percent in equities and forty percent in non-equities. Your plan can vary depending …

If you want to learn about prepaid insurance, you should first understand what account it is in. A prepaid insurance policy is an expense that you have prepaid for in advance. The prepaid portion of the premium is a debit. In the balance sheet approach, a refundable prepaid account shows a debit balance. A refundable unused reusable recurring expense account …

The first thing to know is the difference between net income and cash provided by operations. The cash flow from operations varies from period to period. For example, the income from the sale of Edelweiss might be higher than the cash generated in the same period, but the difference between these two accounts will likely even out over time. In …

There are many differences between accounting and finance. Both are used to manage money. A business uses either one or the other to measure its economic return. In the case of finance, the returns are measured through cash flows and leverage, which depends on how much cash a company has available. In accounting, the ‘conservatism principle’ suggests that assets and …

An account receivable is money owed to a business. This is listed on a company’s balance sheet as an asset. The money is paid for goods and services in advance, which is recorded in the accounts receivable account. As such, inventory is an asset, while accounts payable is a liability. Since the company purchased the inventory on credit, its liability …