Following GAAP and knowing the rules and their proper application will help make your financial statements useful and keep you out of hot water. If you are looking for bite-sized chunks of accounting – given to business owners by the business owner, this is the right spot! What are GAAPs, and why are they essential… Continue reading What is GAAP?
Category: Archive
Accounting Basics – What You Need to Know!
From the time we’re children, most of us learn to count. In turn, we start saving and spending money as adults to balance our checkbooks and improve our lives! No business, small or large, can avoid accounting basics. The accounting process is essential for any business. What is an accountant, and what do they do?… Continue reading Accounting Basics – What You Need to Know!
Is a Savings Account Still Worth It
You’re probably not saving your money with a financial institution in vain. After all, they pay very little interest, to begin with, and it can be difficult for them to do any better than that, given the current economic environment. Fortunately, you can use some simple strategies to help get the most out of your… Continue reading Is a Savings Account Still Worth It
Don’t Bust Your Budget
A typical budget buster might be to blame if the balance in your savings account isn’t growing fast enough. Sadly, you’re not alone in missing your financial goals. According to a June 2014 survey by Bankrate.com, 75% of Americans have no savings and live paycheck to paycheck! Are you one of these? What is a personal… Continue reading Don’t Bust Your Budget
Don’t Let Kids get Your Finances Off Track
Important Financial Considerations Before the Birth of Your First Child Expecting your first child is an inspiring event, and the financial aspect of raising a child is probably not the only thing you have on your mind. However, having a child means you’ll soon have some new responsibilities, including preparing for your new arrival from… Continue reading Don’t Let Kids get Your Finances Off Track
6 Must Haves To Maximize Business Valuation
Business Valuation Is Your Key To Wealth For the last 20 years, I have been on the buy-side and sell-side of multiple business transactions. If done right, it is the one surefire way to build intergenerational wealth. Many entrepreneurs have unique and highly profitable businesses. However, that doesn’t necessarily translate into a business you can… Continue reading 6 Must Haves To Maximize Business Valuation
8 Ways To Save On Car Insurance
8 Ways To Save On Car Insurance Car insurance is expensive! You finally bought that car, truck, or SUV you’ve always wanted. Now you have HIGHER insurance costs, potentially on top of higher monthly vehicle payments. Sometimes a quick list can help cut those insurance costs down to size. When looking for ways to reduce… Continue reading 8 Ways To Save On Car Insurance
Is A Bank Or A Credit Union Better?
What is the difference between a bank and a credit union? At first glance, the terms bank and the credit union may seem interchangeable. However, there are some critical differences between these two types of financial institutions. For one thing, banks are for-profit businesses that make money by charging their customer’s various fees and interest… Continue reading Is A Bank Or A Credit Union Better?
Will Your Habits Make You Rich – Or Poor?
One of the many keys to effectively changing your life is prioritization and then creating habitual behaviors. Habits can make or break us – building great habits should be a top priority. We all have limited time, money, and energy. I’m going to touch on all these topics from time to time, and today we… Continue reading Will Your Habits Make You Rich – Or Poor?
10 Ways That Golf Improves Your Investment Returns
It’s spring here in Florida, and the golfers are out in force. Golfers tell you they love the challenge, being outdoors, and the relaxed pace golf offers. While golf and investing might seem disparate, they share many similarities. If you can improve at one, you can likely improve at the other. Off to explore the… Continue reading 10 Ways That Golf Improves Your Investment Returns