Life isn’t always going to be a bed of roses. Preparing yourself for emergencies that may crop up in the future is necessary. It is essential to have an emergency fund that you can depend on when disaster strikes. Here is how to go about it. Know your financial position To actually be in a…
2008 was Berkshire’s worst year in the 44 years that Buffett had been its Chairman. The net worth fell by $11.5 billion that year, a decline that reduced per-share book value by -9.6%. The only other year that saw a decline was 2001, when Berkshire’s net worth fell by -6.2%.
According to the global survey conducted by Standard & Poor’s Financial Services LLC, over 17.5% of the world’s population live in India but more than 75% of its adult population does not understand even the basic financial concepts. Source: livemint
Credit cards makes our lives easier. There are no two ways about that. The ease of use, the amount of money a single plastic card holds rather than carrying wads of cash is amazing if you think about it. But as we all know, even great things have a flip side to it. In the…
Accounts Receivable is the amount of money clients owe to the businesses. The details of the accounts receivable is mentioned on the invoices that businesses issue and these are often logged in as asset in the balance sheet.
The Only 8 Negotiation Tips You Need For Your Next Business Deal Negotiation plays an important role in every walk of life; from street shopping to job offers to business deals! What we’re trying to say is that the importance of this valuable skill can never be downplayed. But far too often, even seasoned negotiators…
“Some people want it to happen, some people wish it would happen, others make it happen.” – Michael Jordan
“Never depend on single income. Make investments to create a second source” – Warren Buffett
Deflation refers to the scenario in which the supply of money inside a society dwindles and consequently the prices of commodities decrease.
Even the most successful of businesses inevitably face a cash crunch or two during their lifetime during which paying bills, giving employee wages, handling operational costs, etc become a nightmare. Here’s how to avert such adverse events through cost-cutting strategies.