Archive for the ‘Wealth Building’ Category

The Right Stuff – Part 2

Thursday, October 8th, 2009

Successful small and home-based business owners know their own strengths and weaknesses. They build their businesses around their strengths and they compensate for their weaknesses. If you’re to succeed, you’ll have to be able to identify what you do well and what you don’t do so well.

As you evaluate yourself, be honest. You’ll only hurt yourself if you’re not. Also, don’t panic if you discover that you have weaknesses. Every person has them, business owner or not. The key to success is not so much in having every skill (although that would help) as it is in finding ways to compensate for the weaknesses. (more…)

I’m In Business, Now What?

Wednesday, October 7th, 2009

In a recent survey, many of you stated that you could really use some help with Business Start Up, so this article is for all of you out there that have taken the plunge with a new business.

Remember don’t attempt to do it alone; surround yourself with experts! Tap into the wisdom of legal expertise in your particular field, accounting expertise, tax strategists for small business and other successful business owners to avoid some of the common pitfalls. (more…)

Spending Plan

Tuesday, October 6th, 2009

No one likes a budget because it sounds too much like a diet for your finances and conjures up visions of lack. Instead of using the ‘B’ word, we focus on a proactive Spending Plan. It is a habit that you will form to make concise and well-informed decisions about where your money goes. (more…)

Money Talks – But Our Beliefs Speak Louder

Sunday, October 4th, 2009

When is the last time you sat down and thought about your money beliefs? Perhaps many of you are thinking, “I haven’t sat down lately, let alone had much thinking time.” It may be time to stop and take a serious look at the current relationship between you and your money. Take a moment and answer this question: How do you feel about money? Sounds simple enough, but for most people it is a very emotional subject. And unfortunately for many, it is the lack of money (or even perceived lack) that causes the most stress in their lives. (more…)

Life Insurance Part 2 – When Should You Buy

Wednesday, September 30th, 2009

Your need for life insurance changes with the seasons of life, starting with no need when you’re young, progressing to greater need as you take on greater responsibility. Finally, for most people, life insurance needs begin to diminish as you grow older. (more…)

What Is Stock?

Monday, September 28th, 2009

It’s more than just a piece of paper (or in some cases not even that). When you buy a stock, you’re taking an ownership stake in a company. At some point, just about every company needs to raise money, whether to open up a West Coast sales office, build a factory or hire a crop of engineers. (more…)

Stocks: Dollar Cost Averaging Evens the Score

Monday, September 28th, 2009

Are you interested in a strategy that may help take out some of the timing guesswork? Much to do about when to buy a particular stock can confuse the beginning investor and can be avoided when you use Dollar Cost Averaging. This strategy allows you to ignore all the noise about market conditions while concentrating on long-term growth. (more…)

Organizing Your Household – Part 2

Saturday, September 26th, 2009

Let’s continue our series on organizing your household and financial records. Yesterday, we examined the benefits you’ll receive from adding a little organization to your paperwork life. Motivating yourself to get started is the most important step. Set aside an uninterrupted block of time and pull out all the records and papers you have stored all over the house, car and office. You will probably discover that many of the papers you have been keeping are unnecessary. Be careful to shred or tear up any unneeded papers such as outdated credit cards statements, paperwork from former health insurance or other benefit providers, vehicle records from automobiles that you have not had in several years, etc. (more…)

Good Help is Hard to Find

Friday, September 25th, 2009

They say good help is hard to find, but it may be sitting right at your kitchen table. Hiring your kids to work in your business can be a great opportunity to build your child’s confidence and self-esteem while giving them valuable on-the-job training. We are not talking about a small allowance for minor tasks, but instead a real job with real responsibilities. Children are capable of so much more than we give them credit for. With the right encouragement, they can do amazing things. (more…)

Estate Planning – You Can’t Take It With You!

Thursday, September 24th, 2009

If you think Estate Planning doesn’t apply to you because you don’t have a huge estate, perhaps you’re not aware that owning any assets at all qualifies as an estate. Estate Planning is not just for the wealthy of the world, it’s for anyone who wants to make sure their wishes are carried out if they are unable to speak for themselves. (more…)