Excel MIRR vs IRR

When looking to compare similar projects tools such as IRR and MIRR are used.  But what's the difference between these two when used for capital budgeting ranking? A major difference is that for IRR the cash inflows are reinvested at the project's IRR, while the MIRR is using an alternative re-investment rate for the cash inflows.  The video covers the basics of how to use the Excel IRR and MIRR functions.

Quickly Change Multiple Queries, Same Source in Power Query

If you've created multiple queries from the same source and then the location of that source changes, you'd think that you would need to go into each query and one by one change the source location. If there's a few queries, it not so bad. If it's a LOT of queries, that will be painful. You can actually use a parameter and then tweak some source settings to let you change the source location all in the same time. Plus at the end of the video I'll show a simple design choice that could be used to mitigate all this without using a parameter.

Extract Text in Power Query

When you have some values to pull out of a text or numerical string in a cell, you can use the extract commands in Power Query to make it easy. This is an great option to use instead of using the RIGHT, MID or LEFT functions in Excel or trying to split the value by some delimiter. It's so much more easier to pull the data into the Power Query editor and using Transform and Extract to pull your desired text string out.