It's important to understand the accounting equation for both personal and corporate finance as it gives a good summary of the current state of your financial situation.

00:00 Intro

00:14 Double Entry System

00:40 Equation

01:14 Example 1

01:40 Example 2

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I am a physician (M.D.) turned entrepreneur and educator. I grew up in an immigrant family focused on scarcity and saving. Always follow the safe path and the sure thing. Save money, live frugal and that’s how life would go.

I questioned nothing, followed that path and ended up unhappy, broke, in debt and not at all living the life I wanted. I had to educate myself on everything money and got quite upset that it had never been taught to me over my many years of “education”. This platform is an effort to remedy that.

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DISCLAIMER: Do your own research. We are not licensed financial advisor. There is no legal advice or financial advice in these videos. This video, the topics discussed, and ideas presented are our opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.