What is Net Worth?Net worth is a snapshot of a person or firm’s financial position and is calculated by taking assets minus liabilities. An asset is anything of economic value which your or a company owns, while liabilities such as debt or future expenses require positive cash flow or assets to satisfy. A positive net […]
Improving financial health 1 step at a time. Personal finance is how you manage your money. Every decision you make from that daily Starbucks to the size of your home has a compounding effect on your financial health. The old adages like don’t buy a house for more than 2.5 times your salary or save
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What is an Annual Budget? Annual budgets are usually calendar year based and they assist you in planning for the upcoming year. Without a well defined budget you are unlikely to reach your annual financial goals. Annual budgets are critical for planning purposes where the tracking of income and expenses leads to changes in assets,
Paying off debt in 8 Steps Consumer debt continues to grow. It has gone from a useful tool to a dangerous anchor. You need to change your debt habits today and start eliminating this burden. 1. Stop burying your head in the sand. It is time to own up to your mistakes. List every loan,
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Long Term Investing Advantages There are so many ways to invest for your financial future. Most take the passive approach buying shares in publicly traded companies, mutual funds or ETFs and go do other things with their lives. Others prefer a more active approach where they feel more in control of their destiny such as
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Be Mindful of These Tips During the 2020s Bullmarket With trading you are likely to fail. Keep this in mind before trying to time the markets. • No matter if prices seem crazy never sell your whole position. • If you must trade keep it a small percentage of your crypto assets. Not only are
