Know Thy Money by Lama Farran

Home - What's the first step you need to accomplish before you can change any behavior? You have to obviously be aware of the behavior in question.

That is why financial awareness is crucial if you want to change the state of your money.
Essentially, you need to have a crystal clear awareness of where you stand today so you can get to where you want to be.

Here are a few tips that you can implement in order to increase your financial self-awareness:

Know Thy Net Worth
To calculate your net worth, you need to know the total value of your assets (what you own) and the total value of your debts (what you owe). The difference between these 2 numbers will represent your net worth.

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By Russ Alan Prince Home - For a number of reasons, there is increasing pressure on many smaller and mid-sized accounting firms to sell. Most of these deals have a similar arrangement where the multiple is based on the firm’s revenue – around one times annual earnings . In these acquisitions, the presumptions often include operational synergies with accompanying decreased costs and that the sellers will be able to transition their clients. In a great many cases, these premises are in error resulting in “bad feelings” and the sellers failing to obtain all the monies they expected. For example, there is regularly the belief that the sellers will grow their practices for a period of time even when they were apparently not able to do so before the sale. Moreover, many times the operational synergies do not occur. Read the full story here.

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