Financial Snickens

Demystifying Scary Accounting Terms


Listen Later

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. 

     

    Visit our website and click on the Let’s Talk button: http://www.firststepsfinancial.com 

    Reach out to Alisa: [email protected] 

    Connect with us on social media! 

    FB - https://www.facebook.com/FirstStepsFinancial 

    IG- https://www.instagram.com/firststepsfinancial/ 

    LinkedIn -https://www.linkedin.com/company/first-steps-financial/ 

     

     

    Podcast audio/video editing and show notes by  http://www.podcastabundance.com/services

    ...more
    View all episodesView all episodes
    Download on the App Store

    Financial SnickensBy Alisa McCabe