by helen | May 12, 2016 | Blog
Should you loan money to friend or family member? It’s a complicated subject. While it’s natural to want to help the people in your life, loaning money has the potential to destroy relationships. Refusing to lend money can be hard on a relationship, too. There are no easy answers. Think carefully before loaning money to family and friends: 1. Only loan what you can afford to lose. The grim reality is that you might never see your money again. You can minimize the pain of default by only loaning what you can afford to lose. read...
by helen | May 10, 2016 | Blog
A heavy debt burden is like climbing a mountain with 100 pounds on your back. It never gets any easier unless you drop the weight. Fortunately, it’s possible to live a life without any debt! Eliminating debt and staying debt-free both require discipline and patience. But the freedom you receive is well worth the effort. Live a life that’s free of debt: 1. Make more money. The financial gurus are always recommending that those in debt spend less money. If you’ve already cut your expenses to the bone and are looking for more, nothing is more powerful than making more money. read...
by helen | May 3, 2016 | Blog
Living by yourself can be lonely and expensive. If you have a significant other, it only makes sense to consider splitting the bills and sharing a home. However, unmarried couples that live together have more potential financial challenges than married couples. There are laws that cover married couples when the relationship ends. The same is not true for unmarried couples. A couple might not be ready to get married or may decide that marriage isn’t an option for a variety of reasons. Just because you’re not married, doesn’t mean you’re free of financial disagreements. read...
by helen | May 2, 2016 | Blog
Starting and running your own business can be very lucrative and fulfilling. It’s also very challenging. Most small businesses fail. It’s necessary to avoid the common pitfalls of small business ownership if you want to experience success. Most small businesses face considerable financial challenges at first. There’s little room for mistakes in the early days. Ensure that you’re not making avoidable errors. Educate yourself before taking the plunge. Small business owners can avoid many of the mistakes that lead to disaster: read...
