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Tip of the Day Set Concrete Goals

Set Concrete Goals - One of the best ways to help you set a budge and live within your means is to set realistic, but concrete, goals for things like...

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In the Red

In the Red – “In the Red” is the opposite of “In the Black”.  This term refers to any business venture that is considered to be a loss or not profitable.  A company often states that they are in the red when their revenue is exceeded by their costs, thereby showing that they are losing money.  In the accounting profession, any amount that is negative or any debt or liability listed on the accounting balance sheet used to be denoted in red ink, hence the origin of this now mainstream phrase.

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Definition of the Day Compound Annual Growth Rate (CAGR)

CAGR Term category: Finance/Accounting In 10 words or less: The compounding rate of return over a period. Definition: The compound annual growth rate (CAGR) is the rate at which an investment grows annually to reach a given end value.  It's calculated by the following: CAGR = [(Ending Value/Beginning Value)^(1/# of years)] -1 Advice: CAGR is a...

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