This text, the follow-up to Rich Dad, Poor Dad reveals why some people work less, earn more, pay less in taxes, and feel more financially secure than others.
Cost control @ Pre IPO - A Value MultiplierBill Kohnen
As Pre IPO Companies reach later stages of maturity, cost control is a massive value multiplier when the savings is allocated to directly growing revenue. Waiting until you get on the plane to get free coffee vs Starbucks alone can create hundreds of dollars of value based depending on the potential earnings multiplier that investors assign to your company.
Meltdown presentation atca full master Mike HaywardEd Dodds
Mike Hayward: With the help of DK, I have redrafted my Meltdown presentation to be suitable for an International Audience and it is attached below. I have already given this talk at several UK universities with more to come. It is designed multidisciplinary audiences so it is not too technical and is richly illustrated. Please feel free to use and adapt the presentation to suit your own needs and viewpoint. My name is not mentioned in the presentation. The subject is too important to claim authorship or credit.
Summary...... The global debt mountain, peak oil, population growth, resource depletion, population growth, the pension time bomb and climate change are all interconnected.
Meltdown did not occur in October 2008, but we were within 4 hours of it happening. It has only been deferred. Remember, only 3 dozen economists correctly predicted the 2008 global financial crisis, out of a profession of 20,000 members. Not one of the World politicians and Central Bankers saw the crisis coming, but all of them claim to know the remedy. The reasons for the 2008 crash have not gone away. The US housing market is still in freefall and US and European Banks are becoming increasingly insolvent, although they won't admit it. Economic growth will be stifled by rising oil prices. The bailouts are not working. World Politicians, Bankers and Economists are trying to maintain the status quo but they are losing control. Fundamentally, the real systemic causes of the crisis are rarely discussed with transparency and have not been addressed. Fractional Reserve Banking and universal public ignorance of banking practices are the cause of all the our global problems.
The collapse will happen within the next couple of years. The Eurozone or USA will most probably be the epicentre. The interconnectivity of the financial system means we will all be affected. What happens next after the collapse is impossible to predict. History is replete with examples but not on a Global scale. Massive political unrest will prevail. There will be a rise in popularity of extreme left and right political parties.
This text, the follow-up to Rich Dad, Poor Dad reveals why some people work less, earn more, pay less in taxes, and feel more financially secure than others.
Cost control @ Pre IPO - A Value MultiplierBill Kohnen
As Pre IPO Companies reach later stages of maturity, cost control is a massive value multiplier when the savings is allocated to directly growing revenue. Waiting until you get on the plane to get free coffee vs Starbucks alone can create hundreds of dollars of value based depending on the potential earnings multiplier that investors assign to your company.
Meltdown presentation atca full master Mike HaywardEd Dodds
Mike Hayward: With the help of DK, I have redrafted my Meltdown presentation to be suitable for an International Audience and it is attached below. I have already given this talk at several UK universities with more to come. It is designed multidisciplinary audiences so it is not too technical and is richly illustrated. Please feel free to use and adapt the presentation to suit your own needs and viewpoint. My name is not mentioned in the presentation. The subject is too important to claim authorship or credit.
Summary...... The global debt mountain, peak oil, population growth, resource depletion, population growth, the pension time bomb and climate change are all interconnected.
Meltdown did not occur in October 2008, but we were within 4 hours of it happening. It has only been deferred. Remember, only 3 dozen economists correctly predicted the 2008 global financial crisis, out of a profession of 20,000 members. Not one of the World politicians and Central Bankers saw the crisis coming, but all of them claim to know the remedy. The reasons for the 2008 crash have not gone away. The US housing market is still in freefall and US and European Banks are becoming increasingly insolvent, although they won't admit it. Economic growth will be stifled by rising oil prices. The bailouts are not working. World Politicians, Bankers and Economists are trying to maintain the status quo but they are losing control. Fundamentally, the real systemic causes of the crisis are rarely discussed with transparency and have not been addressed. Fractional Reserve Banking and universal public ignorance of banking practices are the cause of all the our global problems.
The collapse will happen within the next couple of years. The Eurozone or USA will most probably be the epicentre. The interconnectivity of the financial system means we will all be affected. What happens next after the collapse is impossible to predict. History is replete with examples but not on a Global scale. Massive political unrest will prevail. There will be a rise in popularity of extreme left and right political parties.
What Is the Accounting Equation? The accounting equation states that a company's total assets are equal to the sum of its liabilities and its shareholders' equity.
Mortgage approval is often a concern for Self-employed people. Banks/mortgage lenders remain extra careful when approving loans for entrepreneurs/self-employed applicants. For them, it is almost a risk investment. In this presentation, Drew Mortgage, one of the leading Massachusetts mortgage companies, has given a few mortgage tips that self-employed people can use while seeking mortgage options.
As an SME business owner, your Balance Sheet is the only financial statement that you are required to file publicly. It shows the overall health of your business at a point in time - your most recent company year end. It's vital that you understand what makes up your Balance Sheet before you can look to improve the numbers.
How can you manage your money through different life situations?
This presentation provides a variety of scenarios in which money plays an important feature in moving forward in your life. We have four scenarios of individuals in various stages of employment. We will discuss the aspects of money management that may be important in that scenario and the resources available to that individual.
Financial Spring Cleaning - Consolidated Credit Counseling ServicesConsolidated Credit
If you want your finances to be as clean as your house after spring cleaning then follow this guide. Our financial experts put together this great guide to financial savings.
What Is the Accounting Equation? The accounting equation states that a company's total assets are equal to the sum of its liabilities and its shareholders' equity.
Mortgage approval is often a concern for Self-employed people. Banks/mortgage lenders remain extra careful when approving loans for entrepreneurs/self-employed applicants. For them, it is almost a risk investment. In this presentation, Drew Mortgage, one of the leading Massachusetts mortgage companies, has given a few mortgage tips that self-employed people can use while seeking mortgage options.
As an SME business owner, your Balance Sheet is the only financial statement that you are required to file publicly. It shows the overall health of your business at a point in time - your most recent company year end. It's vital that you understand what makes up your Balance Sheet before you can look to improve the numbers.
How can you manage your money through different life situations?
This presentation provides a variety of scenarios in which money plays an important feature in moving forward in your life. We have four scenarios of individuals in various stages of employment. We will discuss the aspects of money management that may be important in that scenario and the resources available to that individual.
Financial Spring Cleaning - Consolidated Credit Counseling ServicesConsolidated Credit
If you want your finances to be as clean as your house after spring cleaning then follow this guide. Our financial experts put together this great guide to financial savings.
1. Your House: Asset or Liability ?
from <<Rich Dad, Poor Dad>>
Presented By Wenbin
July, 2009
2. Agenda
Asset and Liability: Concept in Accounting
Asset and Liability: New perspective from Rich Dad, Poor Dad
Balance Sheet vs. Income Statement
What’s the criteria to determine
Suggestions from the Book
Discussion
3. Asset and Liability--Accounting
•Asset
●
Something possessed by a business entity from which future economic
benefits may be obtained.
Any item of economic Value owned by an individual or corporation
●
•Liability
●
A liability is defined as an Obligation of an entity arising from
past transactions or events, the settlement of which may result in the
transfer or use of assets, provision of services or other yielding of
economic benefits in the future.
4. Asset and Liability--Rich Dad , Poor Dad
•Asset
●
Definition: Puts Money in Your Pocket
●
Feature : Positive Cash Flow and Generate Income
●
Examples: Stocks, bonds, notes, real estate, business, IP etc.
•Liability
●
Definition: Takes Money away from You
●
Feature : Negative Cash Flow and Generate Expense
●
Examples: Mortgage, car loan, credit cards, school loans etc.
5. Balance sheet vs. Income Statement
Balance Sheet
Assets Liabilities
Income Expense
Income Statement
6. What’s the criteria to determine
•Your house is NOT paid off :
●
More money out than renting income---Liability
●
Less money out than renting income--- Asset
•Your house is paid off:
●
You are having the house as residence--Liability
●
You paid less money out than your renting income--Asset
Income vs. Expense !!
7. Suggestions from the Book
•Asset always comes first .
●
It is never too late to start building your financial empire
• Let Money Work for You.
●
Every RMB is an employee. They works to bring more RMB while you’re asleep
• Invest in Yourself !
●
Work to learn: manage people/biz system/cash flow etc
• Always Prepare to Run Your Own Business