TVM 2$days
TVM Tuesdays is a weekly blog that offers a fun, new take on this age-old topic and financial education insights from Brent Pritchard.
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Are You Ready for a Career in Finance?
Classrooms are full of finance students who can recite the statement “A dollar in the present is worth more than a dollar in the future.” But there’s a big difference between comprehension of the Time Value of Money and application of the Mathematics of Finance.
You want to know the biggest problem I see in the classroom? It’s cheating, but not in the way you might expect. Aspiring finance professionals are cheating themselves by thinking that comprehending the above statement is knowledge of the Time Value of Money. It’s not even in the ballpark!
There’s a reason our Introductory Unit on the Time Value of Money includes 28 lessons—the equivalent of two lessons for each word in the above statement! You can check out the playlist at TVM Rules.
I blame the teacher in me for putting the below QR code on the back of my business card. If you’re an aspiring or current finance professional, you should have no problem correctly answering these three real-world Time Value of Money questions:
Photo by Brent Pritchard.
Who would you rather hire: someone who can recite 14 words or apply the Mathematics of Finance?
Brent Pritchard is an author and college finance lecturer with over two decades of industry experience and cofounder of Boxholm Press, LLC, a family-owned-and-operated publishing company providing educational content, products, and services. He pioneers an innovative and approachable new way of learning and teaching the Time Value of Money as well as thought leadership in other business topics. His most recent book is Would Your Boomerang Return? You can contact him on his website here.
A Picture Worth 3 Words!
Who needs 1,000 words, when 3 adequately describe this picture?!
Value is one of the words; however, it’s not associated with 1,000 or FV.
What are the other 2 words? (Hint: “of” isn’t one of them. See the Time Value of Money doesn’t need to be hard!)
Brent Pritchard is an author and college finance lecturer with over two decades of industry experience and cofounder of Boxholm Press, LLC, a family-owned-and-operated publishing company providing educational content, products, and services. He pioneers an innovative and approachable new way of learning and teaching the Time Value of Money as well as thought leadership in other business topics. His most recent book is Would Your Boomerang Return? You can contact him on his website here.
Your Circle of Business Major Friends Will Thank You.
Not long ago, I shared some exciting news about the launch of our YouTube channel, TVM Rules. If you’re a business student preparing for the start of the semester or know someone who is, adding Lesson 16 of our “FREE Time Value of Money Minicourse” to a to-do list might save some headaches come midterm.
Lesson 16 (of what will be 28 videos) in this Introductory Unit dives deeper into The Perfect Timeline, which I’ve written about on this blog. The Perfect Timeline includes 8 of the 9 building block Time Value of Money equations that deal with present or future value, jam-packed into a timeline that's as short as it can be. Visualization is important. It's also important to be able to support a number with math, which is where the building block Time Value of Money equations come in. The Perfect Timeline provides a twofer by helping learners figure out the timing of the present or future value of an annuity and the present value of a perpetuity.
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Who in your circle of business major friends could benefit from The Perfect Timeline?
Brent Pritchard is an author and college finance lecturer with over two decades of industry experience and cofounder of Boxholm Press, LLC, a family-owned-and-operated publishing company providing educational content, products, and services. He pioneers an innovative and approachable new way of learning and teaching the Time Value of Money as well as thought leadership in other business topics. His most recent book is Would Your Boomerang Return? You can contact him on his website here.
Get the Book Today!
Would Your Boomerang Return? provides a fun, new take on how the Mathematics of Finance is learned and taught:
All-in-one resource: all the important information on this all-important topic in one place with chapters in the What and How sections that double as individual lessons
Ease of reference: includes the first-of-its-kind user manual for the Mathematics of Finance with chapters named after sections typically found in an actual user manual for quick look up
Simple and definitive tool: 3-Step Systematic Approach for analyzing and evaluating real-world Time Value of Money situations
Decision-making framework: 23 real-world Time Value of Money questions, space to work out answers, and a "baseball count" system to evaluate understanding of the different types of questions
An easy read: complete with sprinklings of real-life stories and maybe even an ounce of inspiration here and there
Sign up for TVM 2$days, a weekly blog that offers a fun, new take on this age-old topic and financial education insights from Brent Pritchard.