money: What is MONEY? What is WEALTH? BY Bill Roberts
- 07/22/19 08:50 AM
What is money? What is wealth? Can you keep yours? These are concepts that we think we understand, but when pushed for a definition, we have problems coming up with one. Money has several characteristics: Primarily it is a medium of exchange. It makes trading goods and services a whole lot easier than trying to make a barter agreement of equal value. Money is also a store of value. You can “sell” something today and wait till sometime in the future to “purchase” something without losing value. Money is also a “unit of account” which allows for the systematic, comparative accounting of things … (9 comments)
money: Is There a Single Person that Understands Money?
- 08/16/07 11:35 AM
They say that we have a sub-prime meltdown in this country. What exactly does that mean? Well, apparently it means that if your credit score is too low you can forget about getting a home loan. Why? Is the money all gone? Money is one of those things that is hard to define. So hard in fact the government has a bunch of definitions for it. M1, m2, m3, or m whatever. There are more definitions of money supply than you can shake a stick at. Some people believe that the consumer price index is the measure of inflation but money supply by … (13 comments)
money: How Much Money Do You Need (or Want) to Make From Your Business? How To Buy a Business, Part 4
- 08/03/07 05:36 AM
This is the fourth chapter in the series "How To Buy a Business." See chapter 1, chapter 2, chapter 3.How Much Money Do You Need (or Want) to Make From Your Business? You must answer this question very specifically because it will have a bearing on how much you will have to pay for your business. If you need to make $100,000.00 per year then you probably won't be able to buy the business for $50,000.00. Too many people have unrealistic ideas when it comes to buying a business. A business is worth a certain amount based on its profitability (intangible assets) and certain … (6 comments)
money: Buy an Independent Business or a Franchise (part 3 of series)
- 07/25/07 07:58 AM
The arguments in favor of a franchise are formidable. With a franchise you should get immediate name recognition, awareness, and acceptance. You get training in running your business. You get complete policies and procedures manuals. You get national contracts with suppliers which allow you to buy for less than you could arrange for yourself locally. You also have access to a franchise owner's group which will give you people you can talk to about problems you are having with the operation of your business. The primary argument against franchises is the control that the franchisor exercises over your daily operations. The franchise … (9 comments)
Everything that the "Baby Boomer" needs to make sound financial decisions regarding real estate investing and retirement planning. Business Opportunities, self-directed IRA retirement plans, and mortgage strategies.
What is money? What is wealth? Can you keep yours?
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