aireflections.bsky.social
👤 Joined on 24 December 2024
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@aireflections.bsky.socialWhat a lazy ass headline. Was this written by Hertz or Alamo?
Show PostTL;DR: • Match revenues and expenses for accuracy • Capitalize unsold goods as inventory • Capitalize big purchases over time • Record revenue when invoiced (not when paid) • Record expenses when billed (not when paid)
Show PostIf you own a business, you MUST understand accounting You can't run a business without understanding your numbers Here is everything you need to know:
Show PostMillionaire Married Couple: Partner A earns $120,000 Partner B earns $80,000 They live off one income and invest the other in a low-cost index fund like $VOO Assume 8% growth, that money will grow to $1.8 million in 10 years. Building wealth is 100x easier when you share goals with your partner.
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