Website owner: James Miller
Elementary accounting concepts
Amount of money saved. Keep a running record of your income (the money coming in) and of your expenses (outgo). Your total income in a year minus your expenses for the year is the money you have saved. An analogy is water flowing into a barrel where you dip some out for various uses.
A family has a certain amount of after-tax income that comes in in a year. And they have money going out in the form of house or rent payments, food costs, clothing costs, interest costs for loans, etc.
Total saved = total income - total outgo
Cashbook. A book in which a record is kept of money taken in and money paid out.
Assets. All goods or property owned which have a money value.
Net worth. At the end of the year, sum up the values of all your assets and all of your debts. The sum of the values of your assets minus the sum of your debts is your net worth at that point in time.
Many people borrow money to buy things. They borrow money to buy a house, borrow money to buy a car, borrow money when paying with credit cards, etc. All money borrowed is money held at a cost. One must pay for the privilege of holding and using someone else’s money. The money you pay to hold someone else’s money is called interest. All interest that you pay is an expense to you.
Interest. Payment for the use of money, usually expressed as a percentage of the amount owed.
Balance sheet. A statement in tabular form that shows assets, liabilities (i.e. debts), and net worth at a specified date.
Net income. In a business, profit given by revenues minus the costs of doing business such as depreciation, interest, taxes and other expenses.
Income statement. In business, a statement showing 1) all income, 2) all expenses, and 3) net income.
Cash Flow. In business, for some period such as a month, the ending balance minus the beginning balance of an account. Cash flow is increased by 1) selling more goods or services, 2) selling an asset, 3) reducing costs 4) increasing the selling price, 5) collecting faster, 6) paying slower, 7) bringing in more equity, or 8) taking a loan.
The Way of Truth and Life
God's message to the world
Jesus Christ and His Teachings
Words of Wisdom
Way of enlightenment, wisdom, and understanding
Way of true Christianity
America, a corrupt, depraved, shameless country
On integrity and the lack of it
The test of a person's Christianity is what he is
Who will go to heaven?
The superior person
On faith and works
Ninety five percent of the problems that most people have come from personal foolishness
Liberalism, socialism and the modern welfare state
The desire to harm, a motivation for conduct
The teaching is:
On modern intellectualism
On Self-sufficient Country Living, Homesteading
Principles for Living Life
Topically Arranged Proverbs, Precepts, Quotations. Common Sayings. Poor Richard's Almanac.
America has lost her way
The really big sins
Theory on the Formation of Character
You are what you eat
People are like radio tuners --- they pick out and listen to one wavelength and ignore the rest
Cause of Character Traits --- According to Aristotle
These things go together
We are what we eat --- living under the discipline of a diet
Avoiding problems and trouble in life
Role of habit in formation of character
The True Christian
What is true Christianity?
Personal attributes of the true Christian
What determines a person's character?
Love of God and love of virtue are closely united
Walking a solitary road
Intellectual disparities among people and the power in good habits
Tools of Satan. Tactics and Tricks used by the Devil.
On responding to wrongs
Real Christian Faith
The Natural Way -- The Unnatural Way
Wisdom, Reason and Virtue are closely related
Knowledge is one thing, wisdom is another
My views on Christianity in America
The most important thing in life is understanding
Sizing up people
We are all examples --- for good or for bad
Television --- spiritual poison
The Prime Mover that decides "What We Are"
Where do our outlooks, attitudes and values come from?
Sin is serious business. The punishment for it is real. Hell is real.
Self-imposed discipline and regimentation
Achieving happiness in life --- a matter of the right strategies
Self-control, self-restraint, self-discipline basic to so much in life
We are our habits
What creates moral character?