Money Basics

Before you can invest your money to grow your wealth, it’s essential to understand money basics to make sure you’re pointed in the right direction.

Contribution Margin Formula: How to Determine Your Most Profitable Product

contribution margin formula

Sound investing and successful businesses depend on data to make decisions. Having sales determines if there is a demand for a product. However, the contribution margin determines if a product is profitable, which anyone can easily calculate with the contribution margin formula. I’m a big fan of Shark Tank and love how the sharks throw …

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Statement Balance vs Current Balance: How To Tell The Difference

statement balance vs current balance

Credit cards give people the convenience to spend money for their wants and needs. Unfortunately, when they see their billing statement, they might get overwhelmed. They don’t know which balance to pay. Or, they can’t figure out the difference between the statement balance vs the current balance. What is the Statement Balance? The statement balance …

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How to FI? Calculate Your FI Number + 3 Basic Strategies to ACHIEVE It!

how to fi

Are you wondering what it takes to be financially independent? The first step is to calculate your FI number and then develop a plan to be financially free. So, if you’re asking, “How to FI?” Here are three basic strategies to help you reach financial independence! What is a Financial Independence Number? The financial independence …

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