Index

Accruals, 136

Acquisition costs, 140–143

Adaptability, 60–61

Analytics, 144–146

Assets, 9–12, 126–127

Balance sheet, 126, 158–159

Bonds, 11, 42–43

Brands, building, 48

Business

debt for, 160–161

economic literacy and, 81

finance basics for, 86–88

finance for, 158–161

financial literacy, 79–84

freakonomics and, 90–92

technology for, 159–160

Buy vs. Lease, 32

Calculators, 67

Career development, 18

Cash flow statement, 131, 159

Chambers of commerce, 103

CIANJ. See Commerce and Industry Association of New Jersey

College, 26–27

Commerce and Industry Association of New Jersey (CIANJ), 96, 99

Common stock, 127, 131

Continuous feedback, 110

Corporate ownership, 41

Cost-effective strategic planning

failing fast and often, 122

investments, 122–123

needs of, 114–116

overview of, 113

Cost of goods sold, 129

Credit, 140

Credit card debt, 13

Credit cards, 13

Credit score, 5–6

Credit utilization, 161

Credit utilization ratio, 151–152

Crowdfunding

definition of, 110

description of, 108–109

economics and, 109–110

Current assets, 88

Current liabilities, 88

Customer analytics, 144

Customer profitability, 141–142

Customer profits, 142–143

Day trading, 41

Debt for business, 160–161

Decision making process, 34

Deferrals, 136

Depreciation

definition of, 137–139

description of, 136–137

purpose of, 137

Depreciation tax shield, 139

Design metrics, 149–150

Disengaged employees, 119

Dividends, 10–11, 42

DJIA. See Dow Jones Industrial Average

Dow Jones Industrial Average (DJIA), 39–40, 42

Earnings, 47–48

Economic literacy, 95

Emergency fund, 49–57

Engagement, 111

Entrepreneurs

debt and, 150–151

fees, 152–153

finance for, 77, 158–161

interest, 151–152

Environmental, social, and governance (ESG), 85–86

Environment compliance, 86

Equity, 41–42, 127

Equity investments, 127

Equity markets, 40

ESG. See Environmental, social, and governance

Expenses, 128–129, 139

Experts, 141

Fees, 12, 152–153

Financial health, 1–2

Financial literacy, 69, 95–98

for business, 79–84

definition of, 1

importance of, 155–158

technology and, 98–99

Financial planning

buy vs. lease, 32

college, 26–27

first job, 27–29

making, 36–37

rent vs. buy, 33–36

save and earn, 29–31

tools, 36

Financing options, 108–111

Financing strategy, 88–90

First job, 27–29

529 savings plan, 11

Flexibility, 60–61, 101

401k system, 11–12

Freakonomics, 90–92

GoodBudget tool, 75

Governance, 86

Graphics, 101

Home ownership, 72–73

Income statement, 127–128

Index funds, 42

Inflation, 8

Initial public offering (IPO), 41

Interest, 7

Interest rates, 43–44

Introductory rates, 151

Invested capital, 131

Investing, 132

IPO. See Initial public offering

Key performance questions, 102–103

Leverage free, 149

Leverage technology, 65

Liabilities, 9–12, 127

Liquidity, 30

Literacy, 1

Marketing, 141

Matching principle, 128

Mint tool, 75

Money management, 60

Monthly payments vs. total cost, 7

Mvelopes tool, 76

Net income, 135–136

Operating, 131–132

Operational finance, 82–83

Opportunity costs, 126

Pay out, 130

Personal finance, 15, 60

buying car, 71–72

home ownership, 72–73

planning, 63

saving/budgeting, 73–74

takeaways, 155

tech tools, 74–76

Personal financial plan, 64–65

Piggybacking, 30

Planning, 36–37

PocketGuard tool, 75

Professional development, 18–19

Profit, 129

Q&A forums, 67

Reinvest, 130

Rent vs. Buy, 33–36

Retained earnings

definition of, 130–131

statement, 129–130, 159

Revenues, 128

Risk profile, 30–31

Saving/budgeting, 73–74

Sell-ability, 35

Selling expenses, 128

Share-ability, 101

Social engagement and interaction, 86

Social media, 149

S&P 500, 40, 42

Sprint project

financial benefits, 120–121

internal benefits, 118–119

overview of, 116–118

Statement of cash flow, 131, 159

Statement of retained earnings, 129–130, 159

Stocks (Equities), 9–10

Taxes, 139–140

Tax finance, 83–84

Team building, 16–19, 21

Technology

for business, 159–160

financial literacy and, 98–99

strategy, 148–149

Tools, 21–22, 36, 74–76

Trade credit, 87–88

Transparency, 30

Understandability, 101

Unprofitable customers, 143

Volatility, 30–31

Warranty expenses, 136

Working capital, 88

You need a budget (YNAB) tool, 75