From the course: Focusing on the Bottom Line as an Employee

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Healthy bottom line practices

Healthy bottom line practices

From the course: Focusing on the Bottom Line as an Employee

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Healthy bottom line practices

- The world of business finance can seem complicated and jargonistic, but at the core you'll find fundamental concepts that can be enormously useful to you personally. Remember, just like a business, having a solid personal financial base can enable you to take the risks you need to take to reach your goals and succeed long term. Here are four concepts, taken from business financial practices that can help you build your financial future. Growth is the life blood of most businesses. It's the benchmark of success. A growing top and bottom line shows positive momentum for business, just like it does for you. In your life, top line growth means that you have more money coming in now than last quarter or last year. Bottom line growth means that you're keeping more of your money, not as profits but as savings. The second thing you want to do is build value. A business reinvests its profit in research and development or in people to help them grow long term. You can put your savings to work…

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