What is Business Term? Business Term indicates the number of years you could live on your current business equity. Business equity includes business assets minus related debts. Business Equity / Annual Living Expenses = Business...
Read MoreWhat is Savings Rate? Savings Rate is a key indicator of your financial health. It’s the percentage of your annual gross income you’re saving. Total Annual Savings / Total Personal Income = Savings Rate Example:...
Read MoreWhat is Burn Rate? Burn Rate is a key indicator of your financial health. It’s the percentage of your annual gross income that goes to living expenses. Annual Living Expenses / Total Personal Income = Burn Rate Example: If...
Read MoreWhat is Real Estate Term? Real Estate Term indicates the number of years you could live on your current real estate equity. Real estate equity includes homes and investment properties, minus related debts. Real Estate Equity /...
Read MoreWhat is Liquid Term? Liquid Term indicates the number of years you could live on your current liquid assets. “Liquid assets” refers to money that is not in a retirement account. This includes cash accounts (checking...
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