It is best to choose your business partner, just as you would your spouse – or so they say. You’ll spend more hours in the office working with your business partner, than you will likely spend at home caring for your spouse.
Managing cash flow, the life blood of a business, is one of the most critical yet under-appreciated challenges faced by many small business owners. Cash flowing regularly into a business is important to buy equipment, pay wages, and keep the lights on and the door open.
What is the person’s worst nightmare? It is being in severe debt and not finding any way to cope up with it. This terrible situation feels like a dreaded scourge looming the person’s life and his family. He gets dunning notices and threat from his creditors to pay back the money or else, the rest of the words should just be understood. Being in debt is really worst.
The key to being a successful investor is to learn to overcome the emotions of fear and greed and make sound investment decisions based on objective analysis. Fear can lead to financial loss through missing out on opportunities to make a good return and through panic which can result in selling investments at the wrong time.
An interest-only mortgage, as the name suggests, is one where no principal repayments are required to be made during the term of the loan. It is usual for an interest-only mortgage to be interest-only for a fixed period of time, such as two years or five years, after which it can either be converted to a table loan (principal and interest) or rolled over as interest-only with the approval of the lender.
There is a plethora of options available for investors wishing to place their money in a managed fund or portfolio. Differences in the way fees are charged and returns reported have made comparisons between funds akin to comparing apples with oranges.
Insurance is one of those things that most people need but resent having to pay for. When money is tight, it is often insurance premiums that get cut from the budget. With an increasing amount of insurance being bought online or over the phone without advice there is a real danger that more and more people will be either over-insured or under-insured.
The party is over and it is time to take stock of the financial damage done by holiday excesses. If you are feeling as though you have a money hangover, here is what to do so you can get back in control of your finances.
The start of a new year is often a trigger to re-evaluate life in general, to set new goals, and to think about what needs to be done differently. Throughout the year there can be other triggers such as the end of a relationship, the birth of a child, or a financial catastrophe which demand that things be done differently.
There is a good chance, in fact about a 50% chance if the psychologists are correct, that some time in the New Year you will make at least one resolution. Researchers have found that the most popular resolutions fall broadly speaking into four categories: health and lifestyle, personal development, relationships and money.