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Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 14

Quick Takeaways

Short-term goals (0–2 years) keep you steady and ready for life’s surprises

Medium-term goals (2–5 years) help you level up and hit meaningful milestones

Long-term goals (5+
www.entrepreneursjoint.com/personal-fin...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 14

Quick Takeaways

Building financial security is like stacking blocks: start with essentials, then add stability, growth, and finally your dream lifestyle.

An emergency fund is your first safety net.
www.entrepreneursjoint.com/financial-go...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways

Short-term goals (0–2 years) keep you steady and ready for life’s surprises

Medium-term goals (2–5 years) help you level up and hit meaningful milestones

Long-term goals (5+
www.entrepreneursjoint.com/personal-fin...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways Before We Dive In

A budget isn’t a prison for your money, it’s a plan for your freedom.

Tracking your income and expenses is the first step toward clarity.

Simple systems like the 50/30/20 rule can help you stay balanced.
www.entrepreneursjoint.com/personal-bud...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways

Monthly budgets help you handle the everyday stuff and stay on top of bills.

Quarterly budgets give you a bigger picture and help you notice patterns.

Annual budgets are your master plan, guiding long-term goals and major expenses.
www.entrepreneursjoint.com/mastering-ti...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways Before We Dive In

Revenues are the money flowing into your life from work, side gigs, and investments.

Expenses are what flows out, both the predictable bills and the lifestyle choices.
www.entrepreneursjoint.com/elements-of-...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways Before We Dive In

Budgeting is less about restriction and more about giving your money a clear direction.

The budgeting process has a handful of simple steps anyone can follow, even if you’ve never budgeted before.
www.entrepreneursjoint.com/budgeting-pr...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways (your cheat sheet before we dive in):

Zero-Based Budgeting makes you justify every expense from scratch. It’s a clean slate approach.

Incremental Budgeting tweaks last year’s budget. It’s about fine-tuning, not reinventing the wheel.
www.entrepreneursjoint.com/zero-based-b...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways (so you can sip your coffee while getting the gist):

A static budget is fixed and doesn’t change, even if your income or activity does.

A flexible budget adjusts based on real-world performance and changing conditions.
www.entrepreneursjoint.com/static-budge...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways (before we dive in):

Operating budgets handle the day-to-day stuff like salaries, rent, and utilities.

Capital budgets focus on the big, long-term investments like buildings, equipment, or major renovations.
www.entrepreneursjoint.com/operating-bu...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways

A personal budget is about making sure your money covers the bills, builds savings, and leaves room for your goals.

A corporate budget is like the master plan for a business, juggling departments, expenses, and long-term growth.
www.entrepreneursjoint.com/personal-bud...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways Before We Dive In:

There’s no one-size-fits-all budget. The right one depends on your lifestyle, goals, and personality.

Popular methods like the 50/30/20 rule and zero-based budgeting make money management approachable.
www.entrepreneursjoint.com/types-of-bud...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways Before We Dive In

Budgeting is your money’s GPS, guiding you toward the goals you’ve set.

It helps you track income and expenses so nothing slips through the cracks.
www.entrepreneursjoint.com/role-of-budg...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways Before We Dive In:

Budgeting is your financial roadmap that tells your money exactly where to go.

Forecasting is your financial weather report that shows you what’s likely ahead.

Budgets keep you disciplined and on track with goals.
www.entrepreneursjoint.com/budgeting-vs...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways Before We Dive In

A budget isn’t about restriction, it’s about freedom and clarity.

Think of budgeting as giving every dollar a job so it works for you, not against you.
www.entrepreneursjoint.com/introduction...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways

Financial accounting is about creating standardized reports for outsiders like investors, banks, and regulators.

Managerial accounting is focused on internal use, helping managers and owners make smarter day-to-day decisions.
www.entrepreneursjoint.com/financial-ac...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways Before We Dive In:

Managerial accounting is like your business GPS: it shows you where you are and guides you toward where you want to go.

Unlike financial accounting, it’s not about impressing investors or regulators.
www.entrepreneursjoint.com/managerial-a...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 6

Quick Takeaways (Your 5-Bullet Cheat Sheet)

Notes receivable are basically IOUs with interest attached—a formal promise to pay back money plus a little extra for the wait.

The key ingredients are principal, rate, and time.
www.entrepreneursjoint.com/notes-receiv...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 5

Quick Summary (read this if you only have 30 seconds)

Bad debts happen when customers owe you money but never pay.

They reduce income and skew your financial statements if not handled properly.
www.entrepreneursjoint.com/bad-debts-an...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 5

Quick Takeaways Before We Dive In

Accounts receivable is money you’ve earned but haven’t collected yet. Think of it as a polite “IOU” from your customer.
www.entrepreneursjoint.com/recognizing-...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 5

Quick Summary (because I know you’re busy)

Receivables are your “money on the way.” They show up when you let customers pay later.

They live on your balance sheet as current assets, and keeping them healthy means steady cash flow.
www.entrepreneursjoint.com/accounting-f...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 5

Quick Takeaways (Your Cheat Sheet Before We Dive In):

A multi-step income statement breaks your income and expenses into layers, showing exactly how your business earns and spends.
www.entrepreneursjoint.com/multi-step-i...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 5

Quick Takeaways

COGS (Cost of Goods Sold) is the total cost of what you sell, covering only direct costs like materials and supplies.

Why it matters: It drives profit margins, pricing, taxes, and inventory decisions.
www.entrepreneursjoint.com/cogs-and-inv...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 5

Quick Takeaways

Periodic inventory is like checking your pantry every so often to see what’s left.

Perpetual inventory is like having a smart fridge that updates itself every time you grab a snack.
www.entrepreneursjoint.com/inventory-sy...

Entrepreneurs Joint @entrepreneursjoint.bsky.social · Sep 5

Quick Takeaways

Merchandising operations are businesses that buy goods and resell them, like retailers and wholesalers.

Inventory and Cost of Goods Sold (COGS) are the heartbeat of merchandising accounting.
www.entrepreneursjoint.com/mastering-me...