Money Talks: Understanding the Language of Business [Video]

Full Transcript

Note: Transcripts are generated by machine and lightly edited by humans. They may contain errors.

Kevin Cool: If we want to make empowered decisions, then we need to care about accounting.

Grant Means: No matter what somebody does for a career, they earn money.

Kevin Cool: Grant Means is a personal finance coach to people of all ages and different professions. He is trying to help Kai, an employee of a biotech startup, make sense of her relatively new and somewhat complicated compensation.

Chai: So when I started, they gave me cover money, shares, RSUs. And I’m not entirely certain about all of the exact terms. I just know that was in addition to the base salary and any bonuses when you’re here.

Kevin Cool: And to make matters harder, her employer’s stock price goes up and down depending on the breakthroughs it may or may not make.

Grant Means:There’s all these terms. …