FOR THE EXPERTS: NAME THE TWO MOST IMPORTANT PRINCIPLES OF FINANCE?

Having an engaging disscussion with someone who claims to be the CPA for thirty years as well as can’t name them.
To be satisfactory to him, I will ask the commercial operation as well as financial village what they consider the dual many critical beliefs are. Your opinion, as well as may be I will sense something brand new for myself in the answers.
I meant financial in general, as well as this is some-more of the “book-type” subject of technical principles, the bit similar to asking “what law of suit is many critical when attempting to assimilate the arena of the rocket”?

{ 4 comments… read them below or add one }

fuufingf October 5, 2010 at 11:13 am

make a profit and dont lose money

Fonz October 5, 2010 at 11:56 am

Debits on the left, and credits on the right..

quantumrift October 5, 2010 at 12:25 pm

(Sings) Neither a borrower nor a lender be,
Do not forget: Stay out of debt; Think twice, and take this
good advice from me, Guard that old solvency. There’s just
one other thing you ought to do. To thine own self be true.

[Enter entire cast]
ALL:
(Sing)
Neither a borrower nor a lender be,
Do not forget: Stay out of debt;
Think twice, and take this good advice from me,
Guard that old solvency.
There’s just one other thing you ought to do,
To thine own self be true.

Ben H October 5, 2010 at 12:49 pm

There are sooo many answers to that, depending on the category you’re asking about.

CPAs – Debits on the left, credits on the right
Investing – Buy low, sell high
Planning – Save early, save often

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