Demystifying Scary Accounting Terms

Financial Snickens

Spooky times are best for Halloween, not your financial journey! Learning to navigate different accounting terms can help fortify your financial future and avoid frightful surprises along the way.

In this episode, I demystify common financial jargon so you can know how to make the numbers work for you!

In this episode, you’ll also hear:

• Understanding EBITDA
• Calculating take home and cost of assets over time
• The power to turn assets into cash

Must-listen moments:

[00:01:28] EBITDA stands for Earnings Before Interest, Taxes, and Amortization. This is the way to figure out how much money your business is making before certain expenses are deducted.

[00:01:25] Liquidity, it's the potion of instant gold…it's like having the power to summon treasure whenever you need it.

[00:04:19] And remember, that even though these terms might seem intimidating, they are simply the keys that unlock the secrets of your business's financial story.

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