We thank God for all our family and friends, including our church family at Highland Baptist Church. We are thankful to live in a nation where we enjoy freedoms, and are indebted to those who serve in our military to keep us safe and to protect our freedoms.
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Equity represents wealth. On a corporate balance sheet there is an account called Stockholders’ Equity and it represents the wealth of all company stockholders that has been accumulated across the life of the business.
When we hear the phrase that our account has been credited, we see that as a good thing. It represents an expression that our worth has been increased. In the practice of accounting, a corporation’s Stockholders’ Equity account on its balance sheet is increased when we book a credit to that account. Further, the Stockholders’ Equity account represents an amount that belongs to all company stockholders proportionate to the number of shares held by each owner. Shareholders increase in equity, or wealth, when their collective account, namely Stockholders’ Equity, is credited through an accounting book-keeping entry.
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In Proverbs 3: 5-6, we are admonished to “Trust in the LORD with all your heart, and lean not on your own understanding; In all your ways acknowledge Him, and He shall direct your paths.” NKJV, Bible
Let me share how I arrived at this time and place where I’m posting to a blog on a website about a book I’ve written on how to choose stocks wisely. I earned my first car by age 17 from mowing lawns…..lots of them. Planning to start a lawn business for my career after I finished high school, I had no desire to go to college. Manicuring a yard, then stepping back and looking at the finished job was remarkably satisfying. The yard business never happened after high school, though.
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