The ‘ostrich effect’ is a financial term which is often used to describe the act of pretending a monetary problem does not exist: “burying one’s head in the sand” to hide from a problem. Contrary to the popular myth, the ostrich does not, in fact, bury its head in the sand, neither to hide nor anything else. Yet thousands of people in debt choose to bring the myth to life, ignoring their debts in the hope that they will magically [...]

Financial modeling is a process of forecasting performance of a certain asset, using relationships among operating, investing, and financing variables. The central aim of all financial modeling is valuation under uncertainty: how to estimate the value of a security when its future trajectory, or the trajectory of the other securities or economic variables it depends on, is unknown. Usually, financial modeling requires a great deal of spreadsheet work.
Financial Modeling Application

Business valuation, especially discounted cash flow
Cost of capital or [...]

Financial planning is an ongoing process individuals and businesses should implement by organizing all aspects of their finances. This will assist them in identifying their financial goals, providing a comprehensive written Financial Plan, and implementing the plan in accordance with those goals.
Comprehensive financial planning should involve these areas and these specific questions.
ESTATE PLANNING
How can you accumulate a sizable estate to pass on as a family legacy?
How will your hard-earned assets be distributed after your death?
How can you minimize federal estate [...]

Are you struggling with your finances yet, has the global financial situation hit you, or about to hit you? These are questions that are on the front, middle or back of everyone’s minds at the moment and the disheartening news is that it is not going to get any better, anytime soon.
Getting a grip of your finances is paramount in surviving this current economical climate and daily luxuries need to be kept to a minimum, if needed at all. Families around [...]

Although making resolutions to improve your financial situation is a good thing to do at any time of year, many people find it easier at the beginning of a new year. Regardless of when you begin, the basics remain the same. Here are my top ten keys to getting ahead financially.
1. Get Paid What You’re Worth and Spend Less Than You Earn
It sounds simplistic, but many people struggle with this first basic rule. Make sure you know what your job [...]