The balance sheet is a financial snapshot. It shows the assets, liabilities, and equity (net worth) of a person or a company at a given point in time. The equity is the value of the assets minus liabilities.

When we talk about the average 50-year-old American having a net worth of less than zero, that means that their liabilities (the amount they owe) are more than their assets (the value of what they own).

There are a number of problems for most individuals when they are preparing their own balance sheets (more…)

In some cases when reviewing an investment you might be presented with an income statement only. The income statement is only one part of the financial statements. You must see all statements in order to get a full sense of the investment potential. The income statement is a great place to start, though!

The income statement shows the income and expense items for a specific period of time, whereas (more…)

I really feel sleepy this morning, may be because of I was late went to the bed last night. I feel lucky today just have few jobs to finish until this afternoon so I can little bit relaxed. I have a plan to sleep for half hour after lunch to recharge my power.

I already several days sleep late because (more…)