You cannot just wing it as a business owner. Your livelihood is at risk here. You have to look at the numbers to ensure you are growing the right business for your life. Here are the most important one’s to focus on. 1. Profit For some, they look at profit as Revenue – expenses – compensation = profit But with…
1. “Only 42% of stocks over their entire lifetimes provide a higher return than one-month Treasuries, and more than half provide negative lifetime returns” Think about this, 1 of every 2 stocks has a negative return. Yet, most people think they can pick the winners from reading a couple blog posts or scanning through twitter. It’s not that easy. This…
“Chadwick Boseman’s estate was worth nearly $4M and his family lost $900k of it to lawyers fees for probate court just because he did not have a will and other estate planning documents done.” Almost 25% gone. Why? Because he did not get his estate planning done. You can argue with me about the numbers all day, but I did…
I have to be honest, too many people focus on the wrong things when it comes to their finances. They consider ways to save 0.05 cents on gas versus items that will actually move the needle and progress their financial situation forward. It’s like examining how one single bite of food impacts your weights versus looking at your entire diet…
There’s mania everywhere in crypto. Bitcoin is down. Ethereum is down. S**t coins are down. People are starting to panic. Everyone says that during volatility you should stick with the plan and not make any changes. While I agree with this, many either never even had a plan or they had a bad plan so now may be a great…
Millennials are the entrepreneurial generation: 30% have started their own business 49% plan to start their own business in the near future The problem today isn’t starting the business, that is the easy part thanks to legalzoom, social media, and all the great tech we have that can make the process easier. The hard part is learning to run it…
Everyone wants to know what secrets the wealthy have that have enabled them to amass their fortunes. There has to be something they know that we don’t? In this blog post, I’ll discuss ten things that the wealthy do differently in order to maximize their money! 1. They Focus On Equity Most people think a high income is what leads…
“38% of Millennials said that they are currently paying off their student loans.” – Educationdata.org It’s clear that student loans are impacting the lives of millennials, so it’s important you stay up to date on what is going and what changes are/could be coming. As of today, no official changes have been made to student loans. Forbearance is still set…
If you have been paying attention to interest rates, then you know they have shot up as of late. In January 2021, a 30 year mortgage was around 2.65% and now today they are above 5.3%. It has nearly doubled in a 4 month period of time. 😳 Pretty crazy, I know. The real question is, what does this mean…
Stocks are down, the S&P 500 is down, bonds are down, and crypto is down. Red is all we are seeing. We have officially entered a recession and it may not be ending anytime soon. I get it, many of you are feeling worried about the future. It’s uncertain and that is scary. Well, this post was created for you.…