Grief does weird things to us on its own, but add money in and people can act downright strange. Whatever you are feeling, know that it’s normal. No two inheritance cases are exactly alike because no one has the goals and preferences that you do. So there are often no right or wrong answers. These tips will help you think through next steps when you’re ready.
Believe it or not, the best investment isn’t the one with the highest returns. It’s the one you can stick with. Yet, there’s so much misinformation out there. So let’s dig into the details and avoid these major investing pitfalls.
Too many business owners operate their businesses in a reactive way. They allow others to control their schedule and time. They don’t think strategically about building cash buffers and paying themselves a fair salary. They also tend to pour available cash back into the business without adequately evaluating whether their business is sustainable and if additional investment will result in sustainable growth. Instead — you should be considering ways you can use your business to grow your overall wealth. Here are some ideas.
With many businesses asking employees to return to the office this fall (if they haven’t already) lots of us are asking the question — can I continue working from home? If you’ve hit a dead end with your employer over negotiating return-to-work policies perhaps you’re one of the millions thinking about quitting as part of the so-called “Great Resignation.” I wanted to put together a checklist of things to think about in your budget so you can determine whether you can afford it.
Personal financial insecurity isn’t always caused by a lack of financial resources it’s more often caused by problems allocating those financial resources. You may have heard of an emergency fund, but can you name what an acceptable use for your emergency fund should be? In this article, learn about the difference between planning for infrequent expenses and planning for contingencies or emergencies. By the end, you’ll have a much better handle on just how much savings you need and where to put it.
It’s common for people to view the entrepreneurial journey as a grind that will will sap you of your life and your energy because you’ll always be focused on the hustle of the job. I’m here to say it doesn’t have to be that way! There are lots of things we can do to get more of our energy back, set boundaries, and reset so that we’re in a better place to do our jobs well and serve our customers/clients too.