Tag: money
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The Path Forward and New Opportunities
This quarter has brought pivotal moments for our team. Our goal was to begin testing Pythia® within 30 day and release an MVP this year; I’m pleased to announce that we’ve entered the user acceptance testing phase. The feedback from future customers and stakeholders have been invaluable at this stage has already offered invaluable insights,…
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The Great Wealth Transfer, Inequality and Preparing Heirs
The Great Wealth Transfer refers to a predicted transfer of wealth mainly from baby boomers (those born 1946-1964) to millennials and Gen Z households (HH). As younger generations are prepared to inherit this wealth we might expect significant changes in economic and social dynamics. According to the 2022 Global Wealth Report published by Credit Suisse,…
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Getting to the top…
Over the past two months we have taken a look at Liquid Net Worth and Net Worth and Income in the United States. A couple of key takeaways are that attaining at least a bachelors degree has positive indications for upward mobility and getting married is a good thing according to household income and wealth…
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Wealth: Net Worth and Liquid Net Worth
Assets – Liabilities = Net Worth (or Wealth) Use our Financial Position Worksheet to calculate your net worth. Liquid Assets – Liabilities = Liquid Net Worth Liquid assets are those which you can easily convert to cash, usually within a week, without much change in their value. That excludes your house and car from the…
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Time Value of Money Primer
Time value of money (TVM) is represented by the difference in value of some dollar amount of money or cash flow(s) over a period of time, assuming one can earn some sort of return on the money available. Simple interest is calculated on the principal only while compound interest is when one also earns “interest…