Money

When people are told that they need to eliminate expenses, it can cause a lot of stress. It's hard to give up things, especially if you're used to it, and it feels like a need. We can try to convince ourselves that covering our roots with a 200-dollar hairdresser is essential, but...

If you are an IRA newbie and don’t have any investing experience, opening an IRA can seem quite intimidating. Fortunately, its quite easy for beginners to start investing in an IRA, whether through a bank, an investment advisor or online. But what exactly is an IRA and is it right for you? What is an IRA? IRA stands...

Start at Part 1 of this 5 part series. Buyers come in all shapes and sizes, however we draw a general distinction between individuals/partnerships and companies/private equity: Individual buyers The primary motivation for individual buyers is loss aversion. Growing the business is...

For over 20 years, the IRS has released a series of notices identifying tax scams and avoidance schemes, which the agency calls the “Dirty Dozen” (an apparent reference to the classic 1967 World War II movie starring Lee Marvin and Jim Brown). Is the IRS Dirty Dozen just an...

When you think of financial planning, you probably imagine ways to increase your wealth, such as making a budget, reviewing what’s coming in and going out, and creating a plan for how to make the most of your money. You may think of investing in stocks or bonds or...

Planning, launching and running your own business is full of long hours and exciting challenges.  That’s why it’s crucial to recognize and correct the potential mistakes that new entrepreneurs can encounter. Here are the top ten biggest entrepreneurial mistakes and tips to help avoid them. 1. Trying To Do It All The greatest mistake entrepreneurs...

Every news outlet seems to be sounding the alarm about high inflation these days. While it might sound like it’s time to panic, you don’t have to. With a few adjustments, you can handily fight inflation and possibly benefit from the current economic climate. Read on to discover 5...

You started your business with plans of earning a living and being successful, but an unfortunate fact of business life is that companies suffer financial hardships. Whether those hardships are pandemic-related or linked to other urgent situations, the effect is still the same. Your finances are negatively affected and it’s up to...

Introduction to Small Business Finances Importance of Managing Finances Effectively Managing finances effectively is crucial for the success and survival of any small business. Proper financial management clearly understands the company's financial health and enables informed decision-making.  Maintaining a strong grasp of...

Introduction to Passive Income Passive income has become a buzzword in the world of personal finance in recent years. It is the income received on a regular basis with little effort or no additional work required from the recipient. Passive income can come from various sources, such as investments,...