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99 Financial Terms Every Beginner, Entrepreneur & Business Should Know

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The Simple Guide to Economic Well-Being and Financial Freedom
Whenever you hear someone speak personal finance, do you feel like you’re learning a foreign language? Do you feel lost when reading or hearing financial terminology from your bank, insurance, investment agent or the IRS? You’re not alone!

Financial ignorance carries significant costs and results in spending more on transaction fees, get over-extended with debts as you are a ripe prospect for predatory practices. If you cannot comprehend basic financial concepts, such as interest compounding and financial risk diversification, you're paying higher transaction fees, you pile up unmanageable debts and you also end up paying higher interest on loans.

Well-Being and Freedom Starts with Financial Education
It's the single biggest skill that can ensure economic well-being and freedom. In modern parlance, it is known as financial literacy. It is a combination of financial awareness, knowledge, skills, and attitudes necessary to make sound financial decisions and ultimately achieve individual financial well-being.

If you have a grasp of financial principles, you are able to better understand and negotiate the financial landscape and avoid financial pitfalls.

The good news is that you don’t have to be an accountant or a financial planner to negotiate in the world of business finance. This practical glossary contains 99 important, and most commonly used business finance terms and definitions in alphabetical order. It was written with an emphasis to quickly grasp the context without using jargon.

Every financial term is explained in detail, with clear and concise article style description and practical examples.

The 99 terms in this book will equip you with the most needed financial knowledge and skills. They will strengthen your attitude and belief in yourselves, to make and exercise informed, confident, and timely money management decisions. Whether you are a salaried person, a startup enthusiast, a business owner or a common man, these financial terms shall help you manage your money in a much better way.

Make Better Financial Decisions - Starting Today
In order to become savvy about your own finances, you need to understand a few useful financial definitions. This compilation of financial terms is a comprehensive list of various financial words or concepts that you are likely to come across in your financial expedition. Being financially literate can lead your life to a more secure financial future.

215 pages, Kindle Edition

Published March 13, 2019

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About the author

Thomas Herold

112 books12 followers

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329 reviews
April 11, 2019
99 Financial Terms Every Beginner, Entrepreneur & Business Should Know (Financial IQ Series Book 1)
by Thomas Herold

It's a brave new world when it comes to finance and this book highlights how out of touch with the current financial pulse worldwide most people are. Herold puts it out there is a succinct "Formal term name, Acronym, Definition, Real world application" style that is easy to understand and enormously informative for anyone from stay at home moms taking over the household finances to entrepreneurs seeing their small home business grow into multi-million dollar companies. Even if you think you know the basics, I would suggest reading this anyway because chances are, you don't know everything you think you do and you are probably wrong about half of what you think you know. At least that was my personal experience. I found that while I understood the foundation of things, I was clueless as to the layers of complexity that can be revealed. Overall, a very well done, informative financial building block.
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