Money & Skills S1 Ep. 3: Generational Wealth & Financial Analysis For Non-Financial Professionals

The Skills Recharged™ conversation continued with Dalan Vanterpool. We chatted about the passing on of generational wealth and skills, financial analysis for non-financial professionals, and continued the Keep Your Stride™ discussion about knowing your stats and being teachable. Check out the replay for episode three. Show Notes: [01:37] Levels of wealth: creators, growers, and maintenance [06:20] The passing on of generational skills and wealth [13:29] Financial Analysis for Non-Financial Professionals [16:02] Working Capital Ratio [17:12] Quick Ratio [18:37] Earning Per Share (EPS) [20:10] Price Earnings Ratio [21:00] Forward PR Ratio [22:40] Debt-To-Equity Ratio (D/E) [23:16] Loan-To-Value Ratio (LTV) [25:07] Recap of how understanding financial terms help assets the money line from different aspects. [26:50] Discussion about the learning approach to have a valuable conversation about money along the money line. [30:20] Cash Flow Statements [32:39] Keep Your Stride discussion [33:34] Knowing your stats and being teachable as it relates to process management [36:38] Chatted about SWOT analysis and review of artifacts supports knowing your stats. [38:13] Staying informed and being consistent with the review process. [39:25] Discussion about being teachable. [43:00] Documentation of processes. [46:15] Chatted about the need to invest in resources and be willing to ask for help in the workplace. [47:49] The book Spring Your Way To Scrum by Bonsy Yelsangi (resource share)