Real estate investment can be an excellent way to diversify your portfolio and add passive income, not to mention tax advantages. Flip or Flop and Fixer Upper have given many people the impression that real estate flipping is easy, but this may be misleading as not everyone can successfully flip properties. 1. Know Your Limits No matter if you’re purchasing rental properties or flipping houses, it is crucial to understand your own limits when investing…"Real Estate Investments – Tips For Buying Renting and Flipping Properties"
Author: Keiron Pemberton
Intellectual capital can make or break a business, turning an ordinary firm into an industry leader. Capital that cannot be measured directly and is difficult to incorporate into financial reports can also present its own unique set of challenges. 1. Invest in Yourself Investing in yourself can reap profound rewards across multiple aspects of life – finances, career, health and happiness included. Start small – maybe it’s losing five or ten pounds, giving your child…"Investing in Intellectual Capital – Personal Development For Financial Success"
An emergency fund provides individuals with a financial safety net during times of sudden expenses or income fluctuations, or when unexpected income and expenses arise. Without such funds in place, people often resort to high-interest credit card debt or borrowing money from friends and family instead of saving up an emergency fund. Establishing an emergency fund takes discipline, but the effort can pay dividends when faced with what happens without one. Here are six compelling…"The Importance of Building an Emergency Fund"
Day trading may appear to be a great way to quickly build wealth, but it entails significant risks and requires an extremely high balance requirement. Day traders utilize an approach that takes advantage of market inefficiencies and minute price changes by making frequent short and long trades, which requires staying alert to trends as well as events which could rapidly alter market conditions. Overnight risk Overnight risk refers to the possibility that day traders could…"The Risks and Rewards of Day Trading"
No matter if you’re just starting out or have been employed for some time, salary negotiations can be nerve-wracking. With some planning and preparation, however, the process will go smoother. Before beginning the negotiation process, it’s essential to establish how much your skills and experience are worth. Doing this can help determine your target range for negotiations. 1. Do Your Research Negotiating your salary and benefits can be intimidating, but it’s an essential step in…"How to Negotiate Your Salary and Benefits"
If you recently divorced, it is essential to review your estate plan and beneficiary designations. Typically, these documents contain appointments of an executor, trustee, guardian or health care agent to manage financial and medical affairs in case of incapacitation. Divorce can have unintended consequences when it comes to estate planning appointments; your former spouse will be treated as the decedent instead of you, potentially leading to unexpected outcomes. 1. Life Insurance Life insurance is an…"The Impact of Divorce on Estate Planning and Beneficiary Designations"
Investing can be intimidating, but robo-advisors are taking the guesswork out of portfolio management. They generate recommendations based on your investing profile–goals and risk tolerance included–so it’s easier than ever to take control of your investments. Robo-advisors often employ low-cost mutual funds or index fund exchange-traded funds (ETFs) that diversify your money across different asset classes, helping reduce risk. Fees If you are thinking of investing your money with robo-advisors, it is important to be…"The Pros and Cons of Using Robo-Advisors for Investing"
Estate planning is an essential element of any business owner’s long-term strategy. It guarantees that the company you have worked so hard on will be properly cared for after you pass away or become disabled. Crafting an effective small business estate plan takes time and thoughtful consideration. There are numerous tax, insurance, and family aspects to take into account when creating your plan. Taxes All people eventually need to create an estate plan. But small…"The Importance of Estate Planning for Small Business Owners"
Though retirement may seem far off, it’s never too early to start saving for it. By setting aside a small amount each month, you can build up an impressive nest egg that will enable you to reach your long-term financial objectives. Start by enrolling in a 401(k) plan. Many employers provide matching contributions up to a certain amount. 1. Get a Job with a 401(k) Plan Gaining employment with a 401(k) plan is an excellent…"How to Save for Retirement in Your 20s"
If you want to reach financial independence and retire early, it’s essential that you save as much money as possible. Saving a substantial amount may seem impossible at first glance, but there are proven methods that can help you reach your objectives. One way to achieve this is by saving more of your income right now. You could consider working a second job, starting a side hustle, or investing extra funds in investments. 1. Start…"How to Achieve Financial Independence and Retire Early"