The following is an excerpt from my book “Return to Capitalism” —
“A construct developed over the years that has proven useful in evaluating business’s health and prospects is the balance sheet and income statement. The balance sheet is a listing of assets and liabilities with the difference being the net worth, equity, or book value. This is always at a point in time. Complementing the balance sheet is the income statement of revenue and expenses with the difference being the net income. This is always for one period of time. Unspent income that accumulates from one time period to another gets added to the assets (or deficits to debt). The same format works well for individuals in studying their financial well-being, from trouble with excessive debt that threatens bankruptcy, to being wealthy.”
Start the conversation to spark change!
Unhappy with the political debates by the presidential candidates in the spring of 2016, I decided to embark on writing out my views on economic issues and politics. I figured that no matter which candidate became president, we could be in for a chaotic four years. Now that we know who became president, we still don’t know what he—President Trump—will bring us. My focus now is to get my views “out there” and get ready for the next campaign. I’ve always had an interest in economics and feel I’ve learned some important concepts. Beyond this economic understanding, I also have some real experience in healthcare as a medical doctor who practiced radiology, so I have a strong working knowledge of the system within the U.S. With the comprehension I have of the main political issues, I believe that maybe I can help influence the next election.
Grab your copy of my new release here!
Get a copy of my new book, “Return to Capitalism: Thoughts From a Supply-Side Conservative” on Amazon with your Prime Account and save $5 with the promo code: PRIMEBOOKS17 til midnight 7/12/17!