We all hear the same thing from the media: investing is an excellent way to grow your wealth. We celebrate investors and risk takers. Forbes regularly updates their list of investors who make billions from investing in the right companies. However, even these successful investors are wary when it comes to stocks. Sure, the long-term…
Remember back when you were single? Life was easy – you could have your lattes, go to the movies and have a fun night out on the weekend. But now that you’ve moved in with your significant other, you might find that finances are just a little bit more tight. It’s so easy to blame…
An ecommerce website is a great way to start a business without a lot of upfront costs. It is a perfect new side gig that could turn into something larger down the line. However, low upfront costs mean the internet marketplace is very competitive. Even a good product can become lost in the market unless…
You know the conventional wisdom – don’t put all your eggs in one basket. This means that it’s a good idea to keep your investment portfolio diversified over different asset classes. You should even diversify within an asset class itself. For example, do you hold stocks? If so, spread your funds over various industries and…
“What you don’t know can’t hurt you.” ” Ignorance is bliss.” These are phrases embedded deep in our vernacular. While they are comforting, they are actually sinister lies. And business is where the impact of that lie is the strongest. As a business owner, the more you know the better. You need to get a…
Recently I read that nearly 80% of American people are living in debt. Four out of Five. Imagine that. It made me think that being financially independent is a commodity that not many of us can afford nowadays. It’s par for the course to be in debt it seems. Young Americans who are debt-free are…
Running a small business, well any business, is not easy and you never really have access to all the answers. As such, there are times when you need to tap into outside experience to help your business make it to the next level. Think of it this way, if you have a workshop, then you…
Is your bank account looking empty? Are your bills piling up on the kitchen table? Your first thought might be that you’re at the end of your financial rope. For many who find themselves with their back against the wall, their immediate reaction is to seek out a loan from a lending agency. But beware!…
