Although the economy has slowly recovered since 2010, there is still a long way to go before the unemployment rate is back to where it was prior to the 2007 recession. Prior to the recession, the national unemployment rate was about 5%. By late 2009, the unemployment rate had risen as high as 10%. In [...]
If you are like a great majority of Americans, you are most likely strapped for cash. Hurting for money can mean you cannot go out to eat as often as you would like, but it could also mean that you cannot pay your rent or your utilities. Luckily there is a quick and convenient way [...]
If you are like most small business owners in the United States, you may be counting on your business to provide you with an income well into your senior years. Financial experts consistently report, however, that small business owners might not be investing as much as they should, relying on their business as an ersatz financial portfolio. If you are thinking about selling or about bringing on some big investors, you may want to look into getting at least an informal small business valuation every year. There are business valuation resources widely available online, but you may want to speak to an evaluator in person.
In general, the worth of your business is determined by your financial bottom line, (more…)
Are you interested in flipping a house? If this is your first time taking on a project of this magnitude, it?s important to do some research before starting anything. Many first-time flippers have made the mistake of diving headfirst into a project only to discover that they don?t have enough funds or the experience to complete the project, leaving the house half-finished and looking worse than when they started. This is why we?ve compiled a list of steps flippers should take to avoid making the same mistake.
One of the biggest areas that first-time flippers don?t consider is renovation lending. This could be a hard money loan offered by real estate investment lenders that comes with an interest rate of 15%-18% or higher. The main purpose of these loans is to provide money specifically for renovating a ho (more…)
Owning a business can be a stressful situation. However, to take some stress out of your duties as owner, it is important to invest in a small business appraisal. This is necessary for many reasons. Here are six reasons you should invest in a business appraisal valuation.
1. Giving interest to others
If you have children or family friends that you would like to share a portion of your company with, then it is smart to get a business appraisal first. You will have to adhere by strict tax laws when giving these gifts, so it is always a good idea to know the financial status of your company first.
2. Helps foster a relationship with your investors
When asking for investors, it is important to know (more…)
If you are looking to invest in a recently priced initial public offerings (IPO) stock, you may want to read up on the company first. Knowing the ins and outs about who you are going to invest in is always something advised, whether you are a beginner or expert. Here are some tips to help you manage through the most recent IPO news in the trading industry.
Find Information Prior to the IPO Company Releases Their Stocks
If you can find out which companies are going to be a part of the recently priced initial public offerings (IPO) market soon, you may need to do a little research. Getting the details on which companies are going to go public will help you anticipate the release of that stoc (more…)
Have you won the lottery? If you are like many people around the plant, you dream of winning a big lottery jackpot. Experts say that the most common form of gambling around the world is the lottery. The problem is that most lotteries do not pay it all at once. For instance, the Mega Millions jackpot pays out one big check and then follows that with 29 annual lottery payments. If that does not work for you, you can look into selling lottery payments to your cash when you need it. You do have to explain your decision to a judge and they will need a good reason to approve the sale.
Here are some of the good reasons to sell your lottery payments.
- You want to avoid bankruptcy. Bankruptcy is a big problem for many people around the United States. In Febru (more…)
Do you wish you could take charge of your debt, but it feels next to impossible? If so, you are in good company. The average American household has $15,355 debt to credit card companies, and another $129,579 in debt from school loans, medical bills, car notes, and so on. A large majority of American families live paycheck to paycheck — in fact, only about one-half of American households have enough cash on hand (or liquid assets that could be drawn on a moment’s notice) to support them for three months.
Times are tough for all of us, the cost of living is rising faster than the average household income. It’s difficult to take charge of your debt when you don’t even have enough in your bank acco (more…)
There often come those times where you might yourself staring at a situation where your finances are not what you expect them to be. Financial emergencies sometimes crop up even in spite of the best laid plans, and being ready for them is not always possible. You might not have enough savings, or might run into sudden expenses that sap away at your ability to meet these emergencies. In fact, one of the worst things that can happen is that you run into such a situation just when you are looking to make some concrete plans about the future, which require a healthy inflow of cash. In such a scenario, people are likely to find themselves at a loss, but there is a way out.
If you have, in the past, won the lottery or got yourself a financial award as a result of the outcome of a lawsuit, it is likely that you are (more…)
Almost everyone dreams at one point of everything they would do if they were to win the lottery. You might have even imagined the exactly look and location of the house that you would buy. You probably already have your dream car picked out. You may have even gone as far as deciding who out of your family and friends you would help out financially. However, many lottery winners have found that easily dividing their winnings is not as easy as they had imagined. When the lottery commission advertises the large amount of money that you could win, you never receive all of this money, and you never receive it all at once.
Some lottery winners may be forced to split the winnings with another lottery winner. In addition to the divided lottery winnings, the government and your state will take a large amount off t (more…)
Have you been debt for a long time and would want very much to pay everything off and get your credit score back to where it should be? Have you thought about starting a business, only to hold things off due to the lack of seed capital in your possession? Have you held off on buying that dream car, getting that dream education or going for that dream vacation? Finances are not always under our control, and often, things can can drop below the red line. People routinely struggle to deal with financial contingencies, and the results are not always what you expect. If you have recently been awarded a structured settlement or annuity payment after winning the lottery or a court case, however, things might change dramatically for you.
You might be wondering how being awarded an annuity c (more…)
You were injured in an auto accident. The auto accident was not your fault, yet you suffered injuries and many medical costs. You even have to take a lot of time off of work to heal. The insurance company of the other driver paid for your original medical costs, but you continue to rack them up. You also continue to have difficulty working regularly. You hire a lawyer and you take the insurance company to court. You are offered a settlement that will cover all of your medical expenses now and in the future. You will receive enough money to cover your pain and suffering. You will have the ability to take an extended time off of work to properly and fully heal. That is, until you learn that your lawsuit settlement will only be paid out in small, monthly payments. These monthly payments are hardly even enough (more…)
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If you are like most small business owners in the United States, you may be counting on your business to provide you with an income well into your senior years. Financial experts consistently report, however, that small business owners might not be investing as much as they should, relying on their business as an ersatz [...]
Are you interested in flipping a house? If this is your first time taking on a project of this magnitude, it?s important to do some research before starting anything. Many first-time flippers have made the mistake of diving headfirst into a project only to discover that they don?t have enough funds or the experience to [...]
Owning a business can be a stressful situation. However, to take some stress out of your duties as owner, it is important to invest in a small business appraisal. This is necessary for many reasons. Here are six reasons you should invest in a business appraisal valuation. 1. Giving interest to others If you have [...]