Category Archives for Finance

Good Debt vs Bad Debt in Business

Most of us (hopefully) have a dislike of debt, but not all debt is created equal. Some debt can actually be good for your business and accelerate its rate of growth. So let’s very quickly define the difference between good debt and bad debt in business. Unlike in our personal lives, not everyone in business […]

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Bookkeeping Before Computers

Before the advent of the computer, bookkeeping was done by actual bookkeepers. The bookkeeper would record every financial transaction the company made in a journal. The transaction didn’t just need to be entered into the journal but also copied to other ledgers, for example, the company’s general ledger. I can’t imagine the time before handy […]

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Long-Term vs. Short-Term Debt

Whilst you may have a vague idea about the differences between long-term and short-term debt, in accounting terms there are some very clear differences between the two. There are also a number of factors to take into account when considering taking on one form of debt or the other. In accounting terms, short-term debt is […]

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Wealth Management vs ETFs

Have you ever thought about the differences between wealth management and investing in exchange traded funds (ETFs)? That’s the topic of today’s article and we’re going to examine it by means of a pizza… Suppose we have two pizza sellers. One is a plush restaurant with cotton table cloths, candles, well positioned lighting and relaxing […]

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