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…
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…
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…
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.…
“Employers posted a record 11.5 million job openings in March and the United States now has an unprecedented two job openings for every 1 person who is unemployed.” – Washington AP You heard that right. There are currently 2 jobs available for every 1 person unemployed, meaning we are in an employees’ market. Companies are looking to hire and are…
As an investor, you get taxed on the gains you receive from selling an investment. This should be something you know by now (and if you want to learn more about how you are taxed, check out this article). The way you are taxed is decided by how long you hold the investment for. If you sell within 1 year,…
In this past, the only things you could really invest in were stocks, bonds, commodities, and real estate you owned outright. However, the world has changed and you can now invest in pretty much anything you want to. Let’s look at some of the options you have today! 1) Wine 🍷 Wine has been a valued good for as long as…