Table of Contents: Keep your business and personal expenses separate Invest in bookkeeping software (and a bookkeeper) Establish a budget Maintain accurate business records Select an accounting method Maintain updated financial records Optimize accounts payable (AP) terms and invoicing Segregate accounting responsibilities Monitor significant high-cost expenses Plan for significant investments strategically Exercise diligent oversight in …

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Life insurance is an essential financial tool that provides protection and financial security to your loved ones in the event of your death. It’s a contractual agreement between an individual and an insurance company, wherein the insurer promises to pay a designated beneficiary (or beneficiaries) a sum of money upon the insured person’s death.   …

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OUTLINE: Why Start with Saving? Saving vs Investing Strategies Finding the Right Balance Investing for Beginners Investments for Beginners Investing for Retirement Conclusion Many articles about investing for beginners will start by encouraging you to identify risk tolerance and then invest small amounts in High-Yield Savings, CDs, a 401(k), Mutual Funds, ETFs, and/or Individual Stocks. …

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In our rapidly changing era, saving and preparing for tomorrow has never been more important. But saving in today’s world can be difficult, especially where cost of living is high such as in New York or San Francisco, or when a market swing could wipe out a lot of your savings. Today on WealthTalks – …

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Permanent life insurance is a type of life insurance policy that provides coverage for the insured’s entire life, as long as required premiums are paid. Permanent life insurance provides a death benefit that is guaranteed to be paid out to the beneficiary(ies) named in the policy upon the death of the insured.  Unlike term insurance, …

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It’s been said that positive advice (recommendations), as opposed to negative advice (things to avoid or NOT do), is the realm of the charlatan. In our opinion, this saying holds true when it comes to the question of how or where to invest 5k. Experts and novices alike can write beautiful articles on where people …

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When you get a life insurance policy, you enter into a contract with a life insurance company that guarantees a death benefit payout to your beneficiaries in most cases of death. There are a few different types of life insurance you can purchase, and each one has different features and options available. For example, term …

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Many people get life insurance for one reason:  To provide for their loved ones. But, this isn’t the only reason why you should consider getting life insurance.  We’ve created the following guide to help you answer the question: Do I Need Life Insurance? What Is Life Insurance? Life insurance is defined as an agreement contracted …

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When shopping for a life insurance policy, you’ll first want to consider what type of life insurance is best for you. There are a variety of life insurance types, each with its pros and cons, but some of the more well-known policies are term life insurance and whole life insurance. Whether you need term life …

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More than two-thirds of college students had to take out some form of student loan during their time in college in 2019. However, just because you take out student loans doesn’t mean you have to be stuck with them for the next ten-plus years.  Whether you have $10,000 in student loans, or $100,000, or more, …

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