At the end of the day, in life, just like in Finance, having a strong 'Balance Sheet' is all that matters.
Accounting profits count for nothing if you don't have the cash/cash flows to survive. In all the cash outlay in life, how much of it actually adds to the Asset base in a person's 'Balance Sheet'? Or are most of them simply expensed off in the pursuit of the latest phones and gadgets.
Accounting profits count for nothing if you don't have the cash/cash flows to survive. In all the cash outlay in life, how much of it actually adds to the Asset base in a person's 'Balance Sheet'? Or are most of them simply expensed off in the pursuit of the latest phones and gadgets.
