Sometimes the most meaningful lessons come from unexpected places. In this article, find out what helpful financial advice can be gleaned from the beats of hip hop. ‘Mo Money, Mo Problems’? 7 hip-hop financial lessons
In a previous post, I discussed what a mutual fund is. Today’s post describes another financial instrument, the ETF. ETF stands for Exchange Traded Fund. An ETF is very much like an index mutual fund, the kind of fund that buys into a market index rather than actively trying to outperform the market. There is(…)
The best thing about a good retirement plan like the one offered to employees of Johns Hopkins University is that we have a large number of ways in which we can invest our retirement money. But sometimes it seems as if that’s also the worst thing about the plan. There are so many choices that it’s(…)
People who invest often want to know how much money they will have when they actually need it. Unfortunately, it’s hard to calculate that in your head because of the compounding effect when an investment grows. Someone came up with “The Rule of 72.” This makes it a lot easier. Supposing you are 26 years old. You(…)
Today I was teaching the Accounting Comes Alive course, and a number of the people in the group were unfamiliar with the concept of deferred revenue. They also seemed unsure about why it is found in the Liabilities area of a balance sheet. Why, they reasoned, should revenue be a liability? Perhaps the first confusing(…)
“Accounting Comes Alive” is a very popular one-day course that will empower you by strengthening your understanding of accounting and financial analysis. The information that you learn in this course will help you do your work, make informed decisions, and understand the effects of financial transactions on the enterprise. Although at first this seems like an accounting course,(…)