Low Risk Options For First Time Investors
How much investing risk can you live with? Every investor needs to answer this question for themselves, because the answer will have a big impact the investments you select, and on your personal finances.
Debt Dilemmas and Credit Catastrophes: Pushing Through the Hard Hits
in Personal Finance/by Kenneth W. BoydTwo critical factors for improving your personal finances are debt management and your use of credit. Unfortunately, many consumers don’t get proper training in personal finance issues in school. When you were younger, you didn’t realize how important money would be in your life. You were taught tricky algebra problems, the geography of rocks and […]
4 Things You Shouldn’t Try To Save Money On
in Personal Finance/by Kenneth W. BoydSaving money where you can is a smart decision for your personal finances, but some purchases require you to spend more money- and for good reason. When you’re living paycheck to paycheck, cutting down costs and saving money where you can is a sensible decision. In fact, it’s an idea often recommended to people who […]
Taking The First Step Toward Financial Stability
in Personal Finance/by Kenneth W. BoydFinancial freedom is often described as having both the time and the money to live life on your terms, and freedom over your personal finances can have several definitions: The ability to pay for an emergency using a savings account balance. If you’re considering a job change, financial freedom allows you to take time off […]
How To Be Smart Every Time You Spend
in Personal Finance/by Kenneth W. BoydBefore you take out your debit or credit card… Stop. Think carefully about your spending choices, and you can make huge improvements in your personal finances. We’ve all heard the sayings:
4 Persistent Myths About Business Finance Busted Wide Open
in Personal Finance/by Kenneth W. BoydGoing into business for yourself can be incredibly liberating. If you’ve spent years working for someone else, the prospect of being your own boss can be incredibly appealing. You’ll have the ability to choose your clients, the type of work you do, and the prices you charge. Owning your own business can also have a […]
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 […]