When your business starts doing well and you start to accumulate some wealth, you might be interested in determining how best to handle it. It's easy to find yourself falling into financial traps, so make an effort to avoid the following actions as you acquire more and more assets. Not Giving Yourself Limits It's easy to feel good about your growing business. As the money rolls in, you may assume that it will never stop coming in and that your company will only ever do well. [Read More]
Ways To Get Cash Fast For Bail
If you've just received a call from a relative or friend who has been arrested and needs someone to post bail, you need to get cash fast. Finding the amount you need for bail can be nerve-wracking, and if you don't have a large cash stash just waiting for someone to use it, you could be thinking you're not going to be able to help. However, there are ways -- you just have to be cognizant of how these would change if the person you're helping out skips bail. [Read More]
Small Decisions With Big Consequences: Should Your Startup Take On Short-Term Debt?
Few startups don't face the need for more funding at some point in their path to success (or failure), but this decision shouldn't be taken lightly, even if the funding is in the form of a short-term loan. These small decisions may come with big consequences in a scenario that's already risky territory. Here's how to put this scenario into perspective for your new business: 1. Weigh The Costs What would happen to your business if you didn't receive the funds? [Read More]
3 Ways To Turn Your Summer Expenses Or Activities Into End-Of-Year Tax Deductions
Summer can be a pretty expensive time of year. This is particularly true if you plan on having your kids attend summer day camps and taking family vacations. Luckily, you may be able to deduct some of these expenses to reduce your overall tax liability for the year. Here are three ways to save: 1. Conduct Some Business On Your Vacation. If you and your family plan to take a summer vacation, you may want to consider how to write off part of the trip. [Read More]