This article describes my family's assets and liabilities which are two major components of every Balance Sheet. Here are is my family's Balance Sheet.
Posts published in “Year: 2024”
A production system in which all production operations are controlled by computers. Producing product relies heavily on automated production systems.
Best way to 'follow big money' is to develop your own investment or trading strategy based on your risk tolerance, goals, and knowledge.
Business Process Management (BPM) is a disciplined approach to improving the efficiency, effectiveness, and agility of business processes.
‘The borrower is always a slave to the lender’. I refuse to be that slave. Living without borrowing money and being in debt helps me sleep well.
A production system in which production operations are mainly done by machinery and equipment. A larger proportion of capital input is used in the production process.
Determining the 'world's largest companies' depends on how you define 'largest'. It depends on what aspect of you consider most important.
The title of 'World's Most Valuable Brands' can be a bit tricky, as different organizations use different methodologies to rank them.
Asset Management Companies are firms that combine funds from their individual clients to invest the capital into different investments.
I talk about saving rate of my family. I love saving money. It gives me some sort of internal sense of achievement, the feeling of safety and security.
Enterprise Resource Planning (ERP) uses a company-wide computer software system to manage resources. The use of a single computer application.
I am building the money-making machine – growing the snowball by accumulating new cash and old cash from active income and passive income.
A production system in which production operations are mainly done by workers themselves. A larger proportion of labor input is used in the production process.
Having a solid full-time job should not be underestimated. I have been working full-time since graduating from a graduate school at Tsinghua University.
Customer Relationship Management (CRM) refers to using various marketing activities for the purpose of establishing successful relationships with customer.
This article is about active income and passive income of my family. When it comes to earning money, my family has quite stable income these years.
Excess capacity exists when the current levels of demand for a business’s products are less than the full production capacity of a business.