I've been toying around with the idea that you can treat an individual financials as though it belongs to a company. Long time ago, as I was learning how to read financial statements - those pesky cash flow statements, income and balance sheets - I didn't realise that reading those are similar to an individual's statements. Let me illustrate:Suppose I earn 100k in a year, but spent 70k, thus my savings would be 30k. Isn't this similar to a company with revenue of 100 mil in a year, 70 mil spent on costs, leaving 30 mil profits? Here's the interesting...
Saturday, November 28, 2009
Tuesday, November 17, 2009
My 50k challenge
I've recently completed my 50k challenge. What's that? In the beginning of the year, I wanted to save money to complete a few short term goals that will commence in 1-2 years time. It's stated in this post here. Well, a few things had changed since then, but the challenge of saving 50k by 31st Dec 2009 remained.I'm very proud to say that I've done it already, and it doesn't take 12 months to complete that. It took only 10 months. This is not a post to hao lian how much I can save, but rather, I wanted to share the idea that if you really set out...
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