Skip to main content

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.

Read the full story here. 

Home 

Comments

Popular posts from this blog

Investment-Banking

Welcome to a comprehensive web site on investment banking careers.  Investment Banks  help companies and governments issue securities, help investors purchase securities, manage financial assets, trade securities and provide financial advice. The top investment banks including  Goldman Sachs ,  JP Morgan  and  Morgan Stanley are said to be in the  bulge bracket . Other investment banks are regionally oriented or situated in the middle market (e.g.  Piper Jaffray ). Others are small, specialized firms called boutiques which might be oriented toward an industry vertical, bond-trading, M&A advisory, technical analysis or program trading. Firms have lots of different areas and groups within them. In most firms, there is sales and trading which works with owners of securities, investment banking which works with issuers of securities (firms and governments) and capital markets which goes in between the other two. Further Information on Investment Banking Skills & Talents

Accountants with high-net-worth clients are well positioned to get significant remuneration for their practices and their efforts. The key is doing a deal that is not a conventional sale of an accounting practice

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. 

Coutts - WEALTH MANAGEMENT

Home - With a reputation for managing the financial needs of exceptional people , Coutts unique approach to wealth management centres on objective and pertinent advice, driven by intelligent and trusted relationships . Expert at navigating the complexities of today’s financial world , we ensure your wealth works for you. From planning for retirement or protecting and preserving wealth, Coutts wealth managers offer objective advice and solutions. Working seamlessly with private bankers and teams of specialists ensures suitable recommendations for every aspect of your wealth. High-touch investment expertise is the hallmark of investment management at Coutts. Our risk-based approach to portfolio construction ensures a breadth of precisely developed investment solutions in keeping with your full wealth picture. Read the full story here