Do you know the answer if your financial professional asks you what type of investor you are? While it may be challenging to classify yourself off the top of your head, knowing what type of investor you are might help you avoid making knee-jerk decisions that could cost you money.
As a business owner, putting all your profits back into the business may be tempting, especially during the lean years. However, when it comes to saving and investing as a business owner, there are other paths you could consider for the long run without so much emphasis on the short term.
Are we in a recession or depression? In the last two years, news outlets have said we are two months away from a recession. That kind of negative forecasting has sent more people to revisit what they went through in their last recession and how difficult it was for them then.
Retirement is a time that many of us look forward to our entire careers. It is the reward for a lifetime of work and the time to indulge in hobbies and enjoy much-needed vacations. While everyone looks forward to this seemingly-magical moment, if it is not the ideal time or plan, you may be in a poor financial position and unable to enjoy your retirement as you envisioned.
While your race to financial freedom is not necessarily the most difficult task you might encounter, it may require significant effort. Also, winning the race to financial freedom may bring you prestige because you have a goal that many people aspire to accomplish.
Our 2023 investing outlook started with a theme of returning to normalcy. Considering 2022’s market volatility and the aftereffects of the pandemic, the idea of finding balance was certainly a welcomed change.
Freedom is not won by sitting idly and hoping for a miracle. Financial freedom requires vision, courage, and sacrifice for a higher goal. The Financial Independence, Retire Early (FIRE) movement is a part of that vision.
Your finances are probably one of the last places you want to experience fireworks—unless they are celebratory. With new year's resolutions firmly in the rearview mirror, the summer months allow you to revisit your financial goals and evaluate your progress.
Do you own a business and identify as LGBTQ+? If the answer to both is yes, then you might want to consider getting certified by the National Gay and Lesbian Chamber of Commerce (NGLCC). Such certification might provide your business with additional opportunities to compete for large contracts from national and local businesses.
While those in the LGBTQ+ community have previously struggled to pursue higher education, there are now many financial aid opportunities to consider. With college expenses continually rising year after year, having financial aid to cover costs is necessary.
