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Introduction Trade is the foundation of the world economy. Unfortunately many businesses fail for financial reasons. Entrepreneurial ventures have a very high failure rate – especially in the first few years. This article throws light upon some of the major factors that need to be addressed to reduce the chances of financial failure in business. … Read more
Everyone wants to save money in a tax-efficient way but it is not always easy. Many times after paying tax, it seems that there is no income, let alone savings. But traditional financial planning services provide certain financial tools so that you can save money in a tax efficient manner, you can plan for your … Read more
When it comes time to file taxes, the choice of filing jointly or separately usually comes to mind for most married couples. Filing separately means that each spouse chooses to file their earnings separately. A joint filing means preparing a single tax return with the combined income of both the spouses. Too many couples decide … Read more
A guide to the many terms used in the consumer finance market. A acceptance rate – Percentage of customers who are successful when applying for a loan or credit card. Applicants 66% or more must be offered the advertised rate known as the Typical APR (see ‘Typical APR’, below). Annual Percentage Rate (APR) The rate … Read more
The reality is that money comes and goes; More important is how you manage your money. A long time ago when I was learning how money worked; The Rule of 72 was an eye opener. The Rule of 72 is a simple way to determine how long it takes to double your money; This is … Read more
People are often tempted to give others unsolicited advice about the best way to manage their finances. You’ll find ideas that work and get you places, but too often people are giving such generalized advice. Trying to piece together pieces of information and use it in a meaningful way is usually not the best plan, … Read more
A common thread about startups is that most are pressed for time and money. They know they need to establish their brand, but the key to most established businesses is lack of funding. Many try to stir up disturbances in an attempt to pique the interest of journalists and secure media coverage. They understand that … Read more
It is likely that your bank will not lend you any more money for your company unless you are prepared to offer your home as security, which goes against the whole purpose of being a limited company, as That the liability of the company is limited. With the banking crisis being well documented and covered … Read more
Richard Lanham, a well-known scholar and teacher of writing, gave a name to the writing style used in many formal documents, such as government, military, legal, finance, and other similar fields. He calls this the “official style”, a way of writing based on “the dominance of nouns and the atrophy of verbs”. Which writing style … Read more
Introducing Personal Finance is Important Personal Finance is Important – Personal finance refers to the management of an individual’s financial resources, including income, expenses, savings, investments, and debts. It encompasses various aspects of financial decision-making that can significantly impact a person’s present and future financial well-being. Understanding and practicing good personal finance habits is crucial … Read more