Comments on: Saving and Investing: An Introduction to Financial Statements http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/ Common sense advice on money saving tips, how to get out of debt, high interest savings accounts, cd rates, money market accounts, mortgage rates, money management and more. Fri, 24 May 2013 04:47:47 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: A Collection of Financial Literacy Resources ? Get Rich Slowly http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/comment-page-1/#comment-85036 A Collection of Financial Literacy Resources ? Get Rich Slowly Tue, 01 May 2007 12:01:37 +0000 http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/#comment-85036 [...] An introduction to financial statements [...]

[...] An introduction to financial statements [...]

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]]> By: BxCapricorn http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/comment-page-1/#comment-83942 BxCapricorn Mon, 16 Apr 2007 17:56:57 +0000 http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/#comment-83942 May I suggest; How to Read a Financial Report by John Tracy. Easy to read, and he ties the three major reports/statements all together. The three majors are "articulated". May I suggest;

How to Read a Financial Report by John Tracy. Easy to read, and he ties the three major reports/statements all together. The three majors are “articulated”.

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]]> By: Ben http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/comment-page-1/#comment-83521 Ben Wed, 11 Apr 2007 03:46:31 +0000 http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/#comment-83521 Call me crazy, but I was very excited when I learned how to read a balance sheet and income statement in an accounting course in school. Understanding financial statements made me look at investing in companies in a whole new, more informed, light. Call me crazy, but I was very excited when I learned how to read a balance sheet and income statement in an accounting course in school. Understanding financial statements made me look at investing in companies in a whole new, more informed, light.

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]]> By: Peter Timusk http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/comment-page-1/#comment-83483 Peter Timusk Tue, 10 Apr 2007 06:51:49 +0000 http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/#comment-83483 Book value is the amount of money I paid for a stock. The same as the amount of money paid to a company in agrregate by all stock holders. Market value is the amount of money I could get if I sold my stock minus commissions for sale. When market value of my investments go above book value by enough to cover both buying and selling commissions and then 10% profit( I try not to be greedy) then I sell. Book value is the amount of money I paid for a stock. The same as the amount of money paid to a company in agrregate by all stock holders. Market value is the amount of money I could get if I sold my stock minus commissions for sale. When market value of my investments go above book value by enough to cover both buying and selling commissions and then 10% profit( I try not to be greedy) then I sell.

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]]> By: John Evans http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/comment-page-1/#comment-83467 John Evans Tue, 10 Apr 2007 02:33:03 +0000 http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/#comment-83467 Excellent post. I don't remember the name of it, but somewhere in my library I have an entire book that is basically devoted to explaining these three financial statements, and I don't think it does it as well as this post does. Excellent post. I don’t remember the name of it, but somewhere in my library I have an entire book that is basically devoted to explaining these three financial statements, and I don’t think it does it as well as this post does.

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]]> By: An Introduction to Financial Statements « The Residualist http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/comment-page-1/#comment-83465 An Introduction to Financial Statements « The Residualist Tue, 10 Apr 2007 02:31:00 +0000 http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/#comment-83465 [...] Introduction to Financial Statements GetRichSlowly has a great introduction to financial statements, highlighting three of the most common, the balance sheet, the income statement and the cashflow [...]

[...] Introduction to Financial Statements GetRichSlowly has a great introduction to financial statements, highlighting three of the most common, the balance sheet, the income statement and the cashflow [...]

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]]> By: J.D. http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/comment-page-1/#comment-83458 J.D. Tue, 10 Apr 2007 00:28:25 +0000 http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/#comment-83458 Oops. Sorry about that. Midstream yesterday, I changed the order of the videos. Apparently I outsmarted myself. How embarrassing! Oops. Sorry about that. Midstream yesterday, I changed the order of the videos. Apparently I outsmarted myself. How embarrassing!

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]]> By: Rich Schmidt http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/comment-page-1/#comment-83454 Rich Schmidt Mon, 09 Apr 2007 23:49:15 +0000 http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/#comment-83454 The first and second videos are both "What is an income statement?" The balance sheet one is MIA. Just letting you know. :) The first and second videos are both “What is an income statement?” The balance sheet one is MIA.

Just letting you know. :)

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]]> By: ZedFable http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/comment-page-1/#comment-83452 ZedFable Mon, 09 Apr 2007 23:16:44 +0000 http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/#comment-83452 Another great post- I've never realized their was a difference between a cashflow statement and an income statement. Its really interesting to see that lump sum purchases aren't accounted in their entirety when they are bought. There is one technical problem with this post though- the two first two videos are both the Income Statement one. Might want to get that fixed... :D Thanks for the great posts, I am really learning alot from this blog and enjoying it as well! Another great post- I’ve never realized their was a difference between a cashflow statement and an income statement. Its really interesting to see that lump sum purchases aren’t accounted in their entirety when they are bought.

There is one technical problem with this post though- the two first two videos are both the Income Statement one. Might want to get that fixed… :D

Thanks for the great posts, I am really learning alot from this blog and enjoying it as well!

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]]> By: Vancouver Dave http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/comment-page-1/#comment-83451 Vancouver Dave Mon, 09 Apr 2007 23:13:22 +0000 http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/#comment-83451 The concepts of financial statements should not be viewed only as a tool of corporate america. I encourage people to develop a personal financial statement (Personal Balance Sheet) and list all thier assets and all thier liabilites and do this on a set schedule. There are a couple good free statements out there. I work in banking, let me tell you net income does not always equal net worth... The concepts of financial statements should not be viewed only as a tool of corporate america. I encourage people to develop a personal financial statement (Personal Balance Sheet) and list all thier assets and all thier liabilites and do this on a set schedule. There are a couple good free statements out there.

I work in banking, let me tell you net income does not always equal net worth…

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]]> By: MyOwnMillions http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/comment-page-1/#comment-83446 MyOwnMillions Mon, 09 Apr 2007 21:26:30 +0000 http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/#comment-83446 I think people need to understand the relative differences of the numbers from the financial statement with its peers (competitors) rather than the absolute number. Companies that has great profit does not necessarily mean their stock price is going to go up faster than a company with a lot of debt. <a href="http://blog.davidmillions.com" rel="nofollow">My Own Millions Blog</a> I think people need to understand the relative differences of the numbers from the financial statement with its peers (competitors) rather than the absolute number. Companies that has great profit does not necessarily mean their stock price is going to go up faster than a company with a lot of debt.

My Own Millions Blog

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]]> By: limeade http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/comment-page-1/#comment-83445 limeade Mon, 09 Apr 2007 20:21:22 +0000 http://www.getrichslowly.org/blog/2007/04/09/saving-and-investing-an-introduction-to-financial-statements/#comment-83445 I believe it's very important to understand these concepts. That's why it was one of the first things that I wrote about <a href="http://fiscalmusings.blogspot.com/search/label/Financial%20Literacy" rel="nofollow">here</a>. Not only do these concepts apply to publicly traded companies, but they can also be applied to one's personal finances. -limeade I believe it’s very important to understand these concepts. That’s why it was one of the first things that I wrote about here.

Not only do these concepts apply to publicly traded companies, but they can also be applied to one’s personal finances.

-limeade

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