389 | The Language of Business

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 8 August 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: interpreting financial statements, utilizing financial statements, balance sheet statements, income statements, cash flow statements, and valuing a business for its purpose.

Have you even wanted to learn the language of business? Not in a literal sense, by that we mean understanding the ways businesses communicate what their real value is to the general public and potential investors? Well if you have had this incredibly niche thought, you're definitely a member of the FI community, and you're also in luck! Brian Feroldi is back on the show to discuss financial statements and the information certain financial statements indicate, as well as act as your translator for the language of business! Understanding this language can be a massive help in your own decision making going forward!

Brian Feroldi

Twitter: @BrianFeroldi
YouTube: Brian Feroldi
Website: brianferoldi.com

Timestamps

1:26 - Introduction
2:44 - Financial Statements
5:35- Read and Interpret
8:58 - The Three Main Financial Statements
13:33 - Balance Sheet Statements
22:09 - Utilizing Financial Statements
24:06 - Income Statements
30:04 - Claim on Earnings
33:58 - Cash Flow Statements
44:13 - Valuing a Business for it's Purposes
47:22 - Not All Businesses are Equal
50:16 - Conclusion

Resources Mentioned In Today’s Episode

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Transcript

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0:00.0	Hello everyone on today's episode we're going to discuss the language of business with Brian
0:04.1	Faraldi.
0:05.1	Now, really at its core, we're going to take a look at financial statements.
0:08.2	But don't turn the dial.
0:09.9	There's four reasons.
0:11.1	The information in this episode is critical to your upscaling success and quickly laid out
0:16.2	for you if you are working for corporation and you want to break through to management.
0:22.6	This is a skill that matters.
0:23.8	It sets you apart to the end degree.
0:25.9	If you're an entrepreneur, this skill matters.
0:28.5	If you care about your personal balance sheets, this skill matters.
0:31.8	And if you're interested in flipping businesses, this skill matters.
0:35.4	Welcome to the Ultimate Crowdsource Personal Finance Show.
0:37.4	This is ChewSafe.
0:38.4	You're listening to Choose Appi Radio.
0:43.6	The blueprint for financial independence lives here.
0:54.4	If you're looking to unlock this secrets to financial independence and early retirement,
0:59.4	you're in the right place.
1:01.2	Stay tuned and join a community of like-minded people who are getting all things to do
1:06.1	and taking control of their lives in the pursuit of financial independence.
1:10.3	Choose Appi, your home for financial independence on live.
1:26.4	Alright guys, very excited to dive into this week's episode.
	...

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