Financial Fortunes
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Understanding finances and how to keep track of your finances can make or break your business. Keeping track of your finances is especially important for small cash based businesses. It is very easy to forget or lose track of what you make, the taxes you need to pay on your sales, and what was sold [...]
Exploring Individual Retirement Accounts
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1. Who can contribute? IRAs are a great way to save towards retirement. Taxpayers younger than 70 1/2 on December 31st are eligible to contribute to an IRA. 2. How much can I contribute? If you do not have a retirement plan with your employer, you can put $5,000 a year in an IRA ($6,000 [...]
Discharge of Debt – Cutting my Credit Card Bills
There are many companies out there offering ways to reduce credit card debt. While this sounds like a great idea, you need to get more details. After all, if it sounds too good to be true, it probably is. What these companies are not likely to tell you is that they usually reduce your income [...]
Retiring a Millionaire
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Americans like to spend, we like to live comfortably, but we also want to enjoy life and be able to retire someday. So how can we do both? Every once in a while you hear stories about a person who made around $30,000 a year and then when he died donated a million dollars to [...]