Infinite banking: Not many people are aware of this concept. Many people may have never even heard the time before, and that means they’re likely missing out on the benefits infinite banking can bring to one’s life. So what exactly is it and how does it work? What are the pros and cons? Here’s everything […]
In basic terms, intangible assets can’t be seen but have a long-term value for your business, and a typical example of what this represents would be the perceived value of your company’s reputation. When something is intangible it can’t be seen or exist physically, but it is abundantly clear that your business can accumulate intangible […]
Double Declining Balance Method: Also known as the reducing balance method, a double declining balance is an accounting term. It refers to how you account for the expense of an asset. It is primarily used when you want to use an accelerated depreciation method. A very basic explanation of a double declining balance is that […]
Rich vs Wealthy, despite their unique connotations, the rich have become more difficult to distinguish. The longevity of a person’s wealth is a defining characteristic of a wealthy individual. The rich have enough assets amassed that they need not worry about running out of money shortly. Being wealthy without ever being successful is a common […]
