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Don’t Spread the Wealth: How to Leverage the Family Banking System to Own All the Gold, Make the Rules, and Enjoy Generational Riches https://www.amazon.ca/Dont-Spread-Wealth-Leverage-Generational-ebook/dp/B0CW19QSGT/
Website: https://dontspreadwealth.com/
Your financial statements tell a story. Are you reading yours correctly?
Hosts Richard Canfield and Henry Wong dive into the most common financial statement gaps they see when working with business owners. They discuss why many professionals only focus on balance sheets and income statements, neglecting crucial insights from cash flow statements.
You’ll learn how to spot hidden inefficiencies, why amortization might be misleading you, and how to interpret financial reports beyond just profit and loss
Learn how to take control of your finances and build long-term stability!
Watch the full episode: Business Owners Need to Understand Financial Statements! https://youtu.be/C_ZHBHdCsl8
The Top Gaps In People’s Financial Statements
Key Points:
00:00 Introduction.
00:36 Financial statement language.
02:08 Balance sheet vs. income statement.
04:35 Missing insights from cash flow statements.
07:39 Life insurance as a balance sheet asset.
09:22 Gaps in accounting education on life insurance.
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ORDER A COPY OF OUR NEW BOOK!
Don’t Spread the Wealth: How to Leverage the Family Banking System to Own All the Gold, Make the Rules, and Enjoy Generational Riches https://www.amazon.ca/Dont-Spread-Wealth-Leverage-Generational-ebook/dp/B0CW19QSGT/
Website: https://dontspreadwealth.com/
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