There are many enticing offers that may persuade you to switch credit cards. Sometimes, it makes sense. But other times, it may be credit card trick that will end up costing you. Here’s what to consider: When you simply apply for the credit card (regardless of whether or not the credit card company accepts your […]
Archives for November 2011
Limited Liability Company Tax Advantages and Disadvantages
If you have an LLC, it’s important to understand that there are many Limited Liability Company tax advantages and disadvantages. If you are a small business owner, you have the option of running it under many different legal forms. One of those forms is an LLC or Limited Liability Company. This election has a number […]
What is Money Management
You’ve heard this term thrown around for years no doubt. Ever wondered what it really means? What is money management? “Money Management” revolves around one word – risk. In other words, proper money management helps you reduce risk. It helps you avoid the downside pain and that’s why it’s critical you understand it. When I […]
How to Have No More Mortgage in Five Years
Forget about the 30 vs. 15-year mortgage question. You can have no more mortgage in a very short time. It will require commitment, work and different financial behavior, but you can get it done if it’s important to you. Here’s how: 1. Commit. Any great financial endeavor needs commitment, and this is no exception. There […]
What Determines Social Security Benefits Eligibility
People often skip over planning for Social Security benefits eligibility while they are working. That’s because we’re all busy investing for retirement and it’s easy to forget one of the most important elements of retirement planning. Social Security has for decades been one of the primary sources of retirement income for tens of millions of […]
5 Reasons Why You Lose Your Money Investing
There are just a handful of reasons why you lose your money investing. Once you understand what causes your investment losses, it will be easier for you to curtail these setbacks. Let’s look at these in order of least to most expensive: 5. Wrong Expectations The first reason is that investors have the wrong expectations. […]