Part 1 of 1 – Final Journal in the Kismet Ratio Series It’s the end of the year, things have gone well and you can finally put up your feet and rest, you’ve earned it. But not for too long, because at some point you’ll need to start thinking about those dreaded taxes. To be honest, they can be a…

Part 1 of 1-Part Series Tis the season…for the insurance talk! I know, it’s not the most exciting topic to discuss, but it is one of the most important and an area which everyone should know about and understand. In this case, when we say insurance, we’re referring specifically to life insurance and disability insurance. I must admit when I…

Part 2 of 2-Part Series When we said all of the previous ratios have been leading to this one, it wasn’t figuratively speaking! The wealth ratio is literally the summation and culmination of 4 of the most important ratios we have discussed. We won’t go into the details of each of these ratios as the previous articles discuss them at…

Part 1 of 2-Part Series In this series we have examined a number of ratios related to your personal and business financial life. While this is not the final entry in the series, they have been in a sense, leading to this one, the Wealth Ratio. Wealth is a general term commonly used to describe how ‘rich’ someone is. However,…

Part 3 of 3-Part Series Ok, so that was a lot on burn rate and how it applies to companies! I’m sure you want to know how this applies to you and how we calculate it. At Kismet, we have a burn ratio which is slightly different from the burn rate and is calculated differently. The Burn Ratio indicates how…

Part 2 of 3-Part Series Of course, there are many ways to change this number throughout their initial time. The most obvious is reducing their burn rate or the dollars they are burning each month. This can be done through cost cutting measures such as rent, staff salaries and other expenditures. The other is actually generating some revenue during that…

Part 1 of 3-Part Series The term burn rate or burn ratio is one which is often used in the start-up world of business. What is refers to is how fast a new company is using, or “burning” its cash funds. It’s very likely you have never heard that term ever applied to personal wealth management before, and that is…

Part 3 of 3-Part Series This brings us back to good debt and bad debt, and why if used properly, they are an invaluable tool for business and individuals. When debt, or more commonly known as loans, are taken out, if it used to purchase or invest in an asset which will appreciate in value, it is a good debt.…

Part 2 of 3-Part Series Unsecured debt is of course debt without any collateral for security. This kind of debt is given based upon the perceived reliability factor of the borrower and this is usually calculated in a credit profile. A financial profile is run upon you as the borrower, taking into account your income, savings, investments, existing debt, current…

Part 1 of 3-Part Series Understand debt and what it entails is one of the most important lessons everyone should learn. However, it is likely one of the least understood financial tools and most often thought of in negative terms. At its very core, debt is borrowing money. What it is used for and how you manage it is what…