What is the Burn rate?

The term “burn rate” is most often associated with startups, but it is also applicable in a variety of other contexts.

It is a term that refers to the sum of money that has been invested.

The sum of money you spend on a daily basis is referred to as your personal burn rate.

It’s used to calculate how long a certain amount of money would last.

For your wealth to grow, your burn rate should be lower than your income.

What is Burn rate
What is Burn rate

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