One of the first things that your advisors will tell you when you start up your company is to legally separate your personal finances from your company finances. This separation is one of the biggest benefits of incorporating early. Legally separating yourself from your company helps keep your personal finances and livelihood protected if things […]
One piece of advice Sir Richard Branson offers entrepreneurs is to protect their downside. In an article in Entrepreneur he said, “Always protect the downside. I think it should be a guideline for every entrepreneur — or anyone involved in business ventures.”
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 […]
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 […]
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 […]
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 […]
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.