The problem isn’t that we don’t earn enough money. It’s that we spend too much of it. If you’re lucky enough to have, say, a $30,000 a year job, then you’re far and away one of the richest people on the planet. Alas, it’s difficult to save as much money as you’d like because you […]
4 Limited Company Liabilities and Legalities You Should Know About
in Personal Finance/by Kenneth W. BoydTwo major issues for any business owner are the ability to generate profits, and protection from legal liability. The U.S. tax law provides for Limited Liability Companies (LLCs), which offer ownership flexibility and legal protections for the owner. The UK offers business owners a similar business structure: a limited company. Here are the pros and […]
Business vs. Personal Finances: Keeping Things Separate
in Personal Finance/by Kenneth W. BoydHow is your business performing? Are you making a profit? For many business owners, the answer is: “I’m not sure…” When you set up a new business or start to work for yourself, you need to establish some business accounting records, and can keep your business and personal finances separate. If you combine the two, […]
3 Ways Being Cheap Can Prove To Be Costly
in Personal Finance/by Kenneth W. BoydThinking about your spending decisions is important, but don’t overdo it. To improve your personal finances, you have to become frugal. This is especially true if you’re trying to pay off debt; you may want to slash your budget to the bone, so that you can repay your debts as soon as possible. Sadly, frugality […]
Let’s Talk About Wealth And How You Can Increase Yours
in Personal Finance/by Kenneth W. BoydCreating a plan for your personal finances can help you get better outcomes, regardless of your current financial situation. Your financial plan should address your monthly expenses, managing your debt, and funding a savings account. Use these tips to improve your personal finances. Why Expenses Are So Important The best way to increase your wealth […]
The Core Principles of Starting Your Own Business
in Personal Finance/by Kenneth W. BoydEntrepreneurship may seem lucrative, and successful business owners are discussed and promoted in the media. Being an entrepreneur may look exciting and fun, but the road to success is very difficult. Those who succeed take huge risks, work long hours, and find a certain amount of luck along the way. Your decision to start a […]
Finding The Light At The End Of The Debt Tunnel
in Personal Finance/by Kenneth W. BoydFor many consumers, managing debt can seem overwhelming. Finding an effective way to reduce debt is a key to improving your personal finances. Use these tips to find a light at the end of the debt tunnel and improve your finances. In 2017, household debt in the U.S. rose to more than $13 trillion. While […]
The Struggles Of Earning Money From Rental Properties
in Personal Finance/by Kenneth W. BoydFor decades, real estate has been a useful investment option, particularly as a way to diversify a portfolio that contains stock and bond investments. One way to produce a return on real estate is to generate rental income, and this form of income can improve your personal finance situation. If you can develop a regular […]
Protecting Yourself Financially As You Age
in Personal Finance/by Kenneth W. BoydManaging your finances effectively becomes critical as you age. Smart decisions about your finances help you generate enough assets to retire, and create wealth that you can pass on to your family. Here are some pointers you can use to get on track financially:
Rich People Didn’t Get Rich By Accident
in Personal Finance/by Kenneth W. Boyd“What do you do and how do you do it?” It’s only natural to be curious and slightly envious of those who have accumulated a lot of wealth, but it’s not just because their big bank accounts. Many people become wealthy through their own efforts, and the process they used to achieve success has tremendous […]
The Daily Money Pits You Need To Know About
in Personal Finance/by Kenneth W. BoydThe problem isn’t that we don’t earn enough money. It’s that we spend too much of it. If you’re lucky enough to have, say, a $30,000 a year job, then you’re far and away one of the richest people on the planet. Alas, it’s difficult to save as much money as you’d like because you […]