About 20% of businesses fail in the first year, according to recent statistics from the Small Business Administration. Only about 50% survive after 5 years. The reason is not that people are incapable or decide they don’t like being business owners. The reason, I...
I hear this a lot: “I’d like to start a business one day, but I’m just not sure where to start – I don’t even have an idea.” If that’s you, you’re in good company — I find it’s a really common statement for my clients to make. Why start a business anyway?...
How long did you spend planning your last vacation? Maybe 10-15 hours? Compare that with financial planning — when was the last time you took that much time to review your retirement strategy and options in your 401k? Probably never. You’re not alone....
Like many of you, I learned about the concept of saving early on because my parents opened up a small savings account for me as a kid. But it wasn’t until I became a teenager that I really started to take an interest in personal finance. When I was 13, my dad...
I read a recent article that said most American’s (63% of us!) can’t handle a surprise $500 expense. That number shocked and saddened me, and it’s much higher than I would’ve expected. There are a few reasons I think this happens to people. First, overspending and...
