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Should I Use a Payment Plan for My Plane Ticket?
I’ve seen a number of articles announcing that you can now pay for your airline tickets using a payment plan. I’ve been people exclaim “awesome, great idea! I’m definitely going to use this!” My reaction? I cringed. Hard. No seriously, I cringed really hard and thought about the trouble this will bring. These aren’t payment plans in the strictest sense of the word. You’re not taking the amount that…
5 Item Checklist for Your Personal Finance Mid-Year Checkup
It’s that time of year again, for your personal finance mid-year checkup. Financial progress is a long-term endeavor. Every day, month, and year you make decisions that affect your financial goals and financial security. It’s time to dive deep into your finances and see how much progress you’re really making, while you still have time to make adjustments for the year. 1) Retirement Preparation Do a quick assessment on…
5 Items for Your Business Financial Mid-Year Checkup
Entrepreneurs, over six months of the year is gone. Now is the time for a financial mid-year checkup. You’ve been paying expenses and earning revenue for the first six months of the year, so how will have you done? Are you on track to reach your goals? Do you need to tweak the strategy for the rest of the year? It’s time to assess the game plan for the…
Track these 5 Tax Deductible Items All Year
If you’re an employed entrepreneur or self-employed you’re likely giving too much money to taxes. You likely should be writing off a lot more stuff. I didn’t realize the amount of things I could write off for tax deductions. No seriously, you need to be tracking these things and making sure you hand over the numbers to your accountant or tax preparer. It goes way beyond mileage and charitable contributions.…
When Should I Use My Savings
Have you ever thought, “when should I use my savings?” You hear you should save. Save. Save. Save. However, when do you use those savings. What are some good rules to follow to know when it’s time or you’re justified in dipping into your savings? Let’s dive into them. 1) You’ve reached your money goal for an item. If you were saving a certain amount of money for…
Making the Most of My Side Hustle Money
Starting a side hustle instead of simply obtaining a second job is growing in popularity, and it’s not only millenials. According to the Kauffman Foundation Report: 2015 Kauffman Index Startup Activity, people 65-74 years old make up 25.8% of new entrepreneurs. Most begin a side hustle to get extra money or with the aim of turning it into a small business. However, are you making the most of your…
Turning a Side Hustle into a Small Business
Side hustles are great when you’re simply supplementing your income from a job. However, when you realize you have the potential to make more and do more in your side hustle than you ever could working for someone else, and you can live for more than the weekend … then it’s time to turn your side hustle into a small business. If your hate of the commute, office politics, and…
7 Tips to Pay Off Your Mountain of Student Loan Debt
You have a mountain of student loan debt and are frustrated. Maybe a bit overwhelmed? Trying to determine how in the world to pay it off. You’re not alone. Student loan debt is rising rapidly. The average student now graduates college with over $30,000 in student loans. Imagine heading to graduate school. The debt climbs even higher. Twenty-five percent of students with a graduate degree borrowed over $100,000. Yeah, and…
How Webinars are Hindering Your Business Progress
Everyone exclaims how webinars are great for business. As an entrepreneur, you’ve likely seen so many experts offering them. If you’re a recent or aspiring entrepreneur, they all look so good, don’t they? You want to learn from all these experts. The struggle is real. Balancing learning, implementing, and operations can be difficult. You should always be learning more about your industry and business in general. You should always…
How the Recent Entrepreneur Survives to Profitability
Entrepreneurship is on the rise. According to the Kauffman Foundation report, the entrepreneurship activity has had the greatest increase in the last twenty years. More individuals are taking advantage of opportunity to start their own businesses. The reasons vary. However, a common theme is financial freedom and time freedom. The era of working thirty years for the same company to ensure one’s financial security is done. People are taking their…