finance Archives - Page 2 of 6

May282022 by Paul LinusNo Comments

Financial planning: Saving is key to stable income for life

Finance

Smart financial planning revolves around saving money from your income. Fundamental financial wisdom for centuries has been to spend less than what you earn. But many people around the world either do not save at all, or even spend more than what they earn. So they borrow money on interest and accumulate debt. The result is that instead of earning interest on investments, they end up paying interest on borrowings. That creates the opposite of wealth creation, which is wealth erosion. Save a Percentage of Your Income You always have two choices in life. The first and the most tempting choice is that you spend all that you earn and live for today. But tomorrow when you retire, or go through a rough financial patch even before you retire, you will not have a financial cushion to sof...

May152022 by Paul LinusNo Comments

Is there retirement after self employment

Finance

Isn’t everyone aiming toward some form of retirement? For the self-employed, the future might feel a little bit more uncertain. Does having no employer mean having no security? Not necessarily- but independent contractors have to plan (more) for the future. The economy is uncertain right now, and the future always is. Self-employed professionals who independently find their own jobs will not necessarily be provided a retirement plan by any employer or government. Is there retirement after self-employment? Yes- but the professionals, as was the case with their careers, must create this plan for themselves. Self Employment and Social Security The U.S. government provides, at least at present, social security for senior citizens (persons aged sixty-five or older). This is put in ...

May12022 by Paul LinusNo Comments

Fundamentals of business financial management

Business

The two fundamentals of financial management are represented by management accounting and corporate finance. Managerial accounting includes techniques for financial analysis, costing the activities of the business and forecasting financial requirements. Corporate finance includes functions such as valuations of assets and projects, deciding on the best investment portfolio, reducing risks through hedging operations, and choosing/monitoring the capital structure. Financial Management in Practice Financial managers are responsible for ensuring: Good returns to investors who have provided funds for the business. Monitoring the continued financial health of the business. Reducing the risk exposure of the business. These goals are typically achieved through: Availability of...

Apr262022 by Paul LinusNo Comments

International living can mean financial freedom

Lifestyle

The current downturn, perhaps the harshest and longest in memory, has struck nearly every state. Skilled workers wonder if there isn’t a better way to earn enough money to pay the bills, invest in real estate, or set aside a tidy sum for their retirement. Some even dream of socking money away to pay for college for their children. Overseas jobs are just the ticket for many. Where can People Find Expat Jobs? What is an expat? Simply put, an expat is a person who has chosen to work and live in a country other than his own. Finding construction jobs with international contractors through the Internet nowadays is a simple process. Two companies now in need of Americans are Morganti International Inc. (MII) and Contrack International Inc. (CII). Both are esteemed major intern...

Apr192022 by Paul LinusNo Comments

How to save money with cookie jar

Finance

A lot of people are watching their weight and don't need to eat cookies! So why not take that old cookie jar that's lying around and put it to good use? Take all the spare change that accumulates and drop it in that jar. In fact don't just put spare change in there, gather coins from anywhere and everywhere to go in the stash. Then by the end of the year, count it all out, and invest! The amount that savers will generate can be astounding. How to Save Money with a Cookie Jar First, take all the loose change from wallets, pockets, drawers around the house, and drop in that old cookie jar in the pantry. Then simply watch it grow for the next 12 months. But this is not just a passive activity! Take an active approach to collecting change. At the supermarket, dry cleaner, even the co...

Feb282022 by Paul LinusNo Comments

Bad credit scores? Valuable tips here

Business

A bad credit score can really take its toll on human life. It can pressure people and may drive them into depression. Nevertheless, despite the fact that it may create great stress and may cause headaches, it can be fixed and improved. There are several ways to fix bad credit scores. One only needs to be determined and motivated to get out of bad credit. The methods, though, may not guarantee a quick solution to the problem but it may otherwise lead to a better credit score situation. Here are some pointers on improving credit scores: Stop Making Unnecessary Purchases with Credit Cards Unless poor credit situation has been addressed and solved, it is best to stop using credit cards in all types of purchases. Using the credit cards while having problems with bad credit scores can ...