“While an age-old concept, the ‘old’ way of learning and teaching the Time Value of Money isn’t working.”
If you’re an aspiring or current finance professional, you’ve come to the right place…
Even the most dedicated students can stumble or struggle when confronted with the task of applying the Mathematics of Finance to analyze and evaluate real-world Time Value of Money situations.
The big problem with respect to how the Time Value of Money has historically been presented is threefold:
1. AMBIGUITY WITH REGARD TO TERMINOLOGY
“A dollar today is worth more than a dollar tomorrow.” But we’re not concerned with the Time Worth of Money. There’s no reference in the Mathematics of Finance to Present Worth and Future Worth; instead, Present Value and Future Value.
2. NOT HAVING ALL THE INFORMATION IN ONE PLACE
It’s not uncommon for finance textbooks to devote only one chapter to the single most important topic related to finance. To say that these other publications fall short is an understatement to the nth degree.
Other resources attempt to provide a bird’s-eye view of the Time Value of Money “forest” (the What) but failed to cover all the important parts of the Mathematics of Finance “trees” (the How) that would allow you to apply the math.
3. LACK OF A DEFINITIVE SYSTEMATIC APPROACH
Below are three basic questions to gauge your or someone else’s knowledge of the Time Value of Money:
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(A1: $522.24)
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(A2: $1,300,000)
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(A3: $8,132.49)
Would Your Boomerang Return? What Birds, Hurdlers, and Boomerangs Can Teach Us About the Time Value of Money provides a fun, new take on how the Mathematics of Finance is learned and taught:
1. FLESHES OUT ISSUES WITH TERMINOLOGY
Terminology issues aren’t always isolated to words. By making slight changes or improvements to how we think about and write certain variables relating to the building block Time Value of Money equations and financial calculator inputs, ambiguity is out in favor of agreement.
2. ALL THE IMPORTANT INFORMATION ON THIS ALL-IMPORTANT TOPIC IN ONE PLACE
Includes the first-of-its-kind user manual for the Mathematics of Finance. You’ll find chapters named after sections typically found in an actual user manual, which will allow you to quickly access information.
3. A SIMPLE AND DEFINITIVE 3-STEP SYSTEMATIC APPROACH
If you can draw stick people, you can use the TVM Wallet visual aid and template with its 3 windows to step through real-world Time Value of Money situations.
4. AN “ANTI-TEXTBOOK” IS THE ANTIDOTE!
You’ll also find sprinklings of real-life stories and maybe even an ounce of inspiration here and there.
Learn the Time Value of Money like the back of your hand by putting your copy of Would Your Boomerang Return? What Birds, Hurdlers, and Boomerangs Can Teach Us About the Time Value of Money in your hand today.
