Clint Murphy
Clint Murphy

@IAmClintMurphy

13 Tweets 6 reads May 02, 2022
Finance and accounting are not sexy, but
they've helped me make millions.
Here's why you need to understand the numbers:
• Language of the universe
Numbers are logic.
They are the best way to express our universe.
If we can understand the numbers, we can understand how the world works.
When we understand how the world works, we make better decisions in life.
• Language of business
The difference between understanding the numbers and not,
is the difference between an IPO and going bankrupt.
If you want to succeed in business, you need to understand finance and accounting.
• Language of investing
Accounting is important in understanding investment analysis.
Understanding finances is critical in understanding investment returns.
If you don't know the numbers, you're at risk of relying on others for investing.
Investing is, after all, numbers.
• Pattern recognition
If you understand the numbers, you will see patterns in them.
When you see the patterns, you're able to take advantage of them.
Seeing the patterns in numbers is the key to succeeding in your investing.
• Will get you promoted
At some point in your career, you need to understand the numbers.
Whether it is the numbers of your own department or the numbers of the business,
Your CEO will expect you to know them for a senior position.
• Unlock value creation
To succeed in life, you need to provide more value than you cost.
If you don't know how to measure your value nor your cost, you are lost.
Learn to determine your value.
Understand how it compares to your cost.
• Better decision making
If you don't understand finances,
you will not understand the financial impact of the decisions you make.
When you understand accounting and finance, you will make better decisions.
Better decisions means a better life.
• Manage your personal finances
When you understand accounting and finance, you will be better equipped to prepare a:
• budget
• cash flow
• net worth statement
These three spreadsheets are the key to your personal financial success.
• Be an entrepreneur
If you want to be an entrepreneur,
You need to understand your finances.
If you don't understand your finances, you won't make the right business decisions.
Set yourself up for success, and
learn how accounting and finance works.
I am launching a cohort-based course with @KurtisHanni called:
Practical Finance: Financial Statements Decoded
We will teach you how to:
• drive revenue
• increase profitability
• improve your cashflow
• manage your downside risk
Sign up here:
docs.google.com
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1. Follow @IAmCoachClint
2. Share the first tweet
@KurtisHanni This account exists to teach you how to grow personally, professionally, and financially by sharing:
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If you like what you've read,
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