Pay check is the money that we get as our salary or wages. Before discussing about the passive pay check, I would like to talk about the different types of income. Basically, there are 3 different types of income. They are:
1. Earned Income
2. Passive Income
3. Portfolio Income
Earned income or pay check is the income that we get by working in a company or in someone else’s business. We received the pay check at the end of the month for our time and service rendered. So, our time and effort are equivalent to our pay check but most of the time we feel that we get less than what we are supposed to get.
So, we work harder and harder with the hope that the employer will pay more or increase our pay check. Then what is happening after we get this earned income? We pay our bills and other expenses. Then we have left with small amount to spend. So, we can say that our earned income is directly proportional to our physical involvement and time as well as it is very limited. We cannot get a lot of money or get rich by working for other
Michael Bloomberg is the world’s eighth richest man according to Forbes 400 released in September 2008. He is one of the most successful businessman/politician in the world. Do you know where his success came from. Was it because of business strategic planning or just a plain luck?
Up to do this time, Bloomberg holds 88% of the ownership of Bloomberg L.P., a financial software company. He is also the mayor of New York and spent two terms for the city. In 1981, Michael was fired out of the Salomon Brother where he served as the general partner. He headed the equity trading and the systems development. Before he stepped out of the company, he was given $10 million dollar severance package. With that money on that same year, he started his own company. It was called the Innovative Market Systems. He had his first customer in the name of Merrill Lynch. The company installed 20 Market Master Terminals and invested $30 million to the IMS. The company was then changed to Bloomberg L.P. Few years after 5000 terminals have been installed. The company also expanded their business by launching Bloomberg Tradebook, the Bloomberg Messaging Service and the Bloomberg newswire. The company
The business of banking has evolved over the past several decades, from institutions largely limited to making loans and taking deposits, to financial supermarkets that offer a range of banking, investment and insurance products. Not surprisingly, as banks began to serve customers in new ways, they also changed in appearance. Today, trends in bank design support a hotly competitive, retail-oriented industry with a focus on customer-friendly environments, cost-efficient operations and brand-driven design elements.
New design and construction elements demonstrate bank security
Today many banks are choosing to forego a thick brick and mortar style and teller cages that hold customers at arms length, for buildings designed to be accessible, efficient and customer-friendly. Even traditional bank facades, which may be favored by an older, more conservative customer base, can be designed with contemporary, innovative and green building materials that create inviting, but secure environments.
Cost-efficient, environmentally sound bank design a genuine asset
Because banks are businesses and must deliver a return to investors, cost- efficiency in design is a growing strategic necessity. With the price of traditional construction materials on the rise, new solutions such as pre-engineered systems and exterior building facades, modular interior design elements and other construction efficiencies save on costs
While stock warrants do provide a means of entering the share market without actually buying shares, they they do have pros and cons.
While stock warrants do have benefits they also have a downside that makes astute investors somewhat wary of purchasing them. Here are some pros and cons.
* Buying stock warrants is much cheaper; it allows the investor to get shares in a company with less capital outlay. This is good if you are looking for capital appreciation as opposed to income.
* The percentage gain is often greater than if shares were purchased.
* Stock warrants have greater liquidity – at least at the present time. This is due to the promotion by marketers.
* The short to medium term often nets good capital appreciation.
* Stock warrants can become worthless after they expire – not good if you are still holding them. Even if they were given for free as part of another deal there is that opportunity for gain lost.
* No dividends apply to stock warrants. So if you invest in stock warrants in blue chip industries you forego the dividend you would have got with buying the actual shares.
* When the prices of stock warrants change someone – buyer or
CPA-Auditing, CPA Auditing and Attestation exam will give you the right learning objectives which will help you in your career for the auditing and attestation which is a very important knowledgeable area in any organizations specially bigger ones. The professionals have be very careful in performing this exam because the validation process can only be completed when you are equipped with greater knowledge of the exam topics and have some level of experience which will prove to be very useful.
CPA-Auditing, CPA Auditing and Attestation exam topics like any exam are segmented hence we have listed some main topics for your convenience.
Elements of financial statements and their recognition criteria consists of elements of financial statements, elements of financial statements, financial statements where these elements are recognized, criteria for recognition of the elements of the financial statements which are asset, liability, equity, income and expense.
Theories of accounting and alternative methods of valuation includes the learning of disadvantages of the historical cost system of accounting, amounts using the following measurement bases which consists of the learning of historical cost, fair value, deprival value, replacement cost, net realizable value, positive accounting theory, normative accounting theory, operating capital maintenance theories and how these can