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Personal Finance

Debunking Four Myths of Bankruptcy

April 3rd, 2014

Filing a bankruptcy can feel like stepping into a big bad world of blame, lacks and desperation. True, a bankruptcy is a grave moment in our lives, true the pinch of not having enough money or no money is harsh, but it is not something we can go beyond. Life moves on even after a
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10 Proven Ways On How To Get Rich Quick

March 26th, 2014

Typing “how to get rich quick” then hitting the search button on your PC will give you different (and even ridiculous) ways of making a dishonest living. Everything sounds so exciting and simply too good to be true. And most of the time, these are either scams or simply lies. Thus, many people don’t really
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How to Retire Like You Are Donald Trump

March 6th, 2014

When you retire you want to have at least a million dollars in assets, right? Between your 401(k), liquidated assets, and personal savings you should have enough saved to live comfortably for years to come after you leave your job at the ripe old age of 60. It’s the American dream after all – to
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Do You Think Too Much About Your Money?

February 19th, 2014

Who doesn’t want to be good looking and rich? But too much obsession with your money is just as bad as too much obsession with your diet. Taking any obsession to the extreme may result in what experts call obsessive compulsive disorder. Many people suffer from the problem of keeping their minds too occupied with
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Why Improving Your Credit Score May Be a Wise Resolution for 2014

February 19th, 2014

To many, it may appear that Americans are as addicted to credit as they are to their favorite latte, and the lending and credit industry has reaped the benefits, especially from those who have less-than-a-great credit score. One aspect of this fact appears to be changing based upon a recent announcement by federal regulators. The
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Traditional IRA vs. Roth IRA

November 22nd, 2013

After deciding to invest in an IRA (Individual Retirement Account) you further have to make the distinction as to whether you want to invest in a Roth IRA or a Traditional IRA. These two investment vehicles have very different tax implications so considering your specific circumstances is important. Traditional IRAs: These offer the benefit of
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IRA vs. Roth IRA

November 22nd, 2013

When choosing to invest in an IRA (Individual Retirement Account) it’s important to distinguish between the types of IRA that you want to invest in. The common IRA vehicles are the traditional IRA and the Roth IRA. Traditional IRAs: These offer the benefit of allowing you to deduct the contributions you make now from your
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What Does an Actuarial Analyst Do?

November 22nd, 2013

Many companies are awash in various finance types who summarize and present all sorts of financial information. Large corporations and companies in certain industries (insurance, financial sector, accounting firms) commonly have another role in finance for actuarial analysis. So what do actuarial analysts do? The actuarial analyst is a role typically used in a company
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Assets vs. Liabilities

November 22nd, 2013

Business discussions with your company accountant will almost certainly end up involving comments about either assets or liabilities, and if you’re lucky both! Assets are what the company owns and liabilities are what the company owes, easy. If we count everything in the office and then add up all our unpaid bills we know all
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How to Make Money with Money

November 22nd, 2013

It will come as no shock to most that the best way to make money is with money. The more money you have, the more additional money you can generate with that through investing and putting your money to work for you. Getting Started To get started you need money, how else are you going
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Analytical Methods

November 22nd, 2013

The selection of the appropriate analytical methods and techniques for assessing a business, or your investment, is crucial to correctly assessing the performance. Businesses generate all sorts of financial and non-financial information and simply choosing what exactly you want to assess can be incredibly difficult. Analyzing both your own business and an investment opportunity involve
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Why Buy Appliance Insurance

November 22nd, 2013

Every time you go out and purchase a major household appliance or piece of technology, you are often pressured to purchase the appliance insurance (or extended warranty) that is offered by the seller. They will give you numerous reasons why you’d be crazy not to buy it but at the end of the day you
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Capital Leases vs. Operating Leases

November 22nd, 2013

Many companies at some point lease an asset as an alternative to purchasing the asset out right, sounds straightforward right. Well…lease accounting can get a bit more complicated and the two alternatives for accounting treatment are substantially different. The accounting treatment for capital and operating leases is as follows: Capital Lease: The company is required
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Subsidized vs. Unsubsidized Loans

November 22nd, 2013

When looking at paying for education there are a lot of different avenues that students obtain funds from: grants, scholarships and loans make up the most significant sources. When looking at loans there is a major distinction between taking subsidized and unsubsidized loans as the financial impact of each is very different. Subsidized Loans are
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LLC vs. Corporation

November 22nd, 2013

When deciding to set up a small business many people hear that they should set up a S Corporation or a LLC (Limited Liability Corporation). Picking the right one for you can save you a lot of time and hassle down the road. Here are a few things to consider in making your choice. S Corporation
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ETFs vs. Mutual Funds

November 22nd, 2013

So you’ve decided to invest in the stock market but you’ve decided you’re more comfortable investing in funds as opposed to picking individual stocks. Generally a good call for new investors, but now you have to decide whether you’re going to invest in ETFs or Mutual Funds. While very similar in nature, there are differences
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Debits vs. Credits

November 22nd, 2013

Accounting lingo can get a bit confusing at times and no where  quicker than debits vs. credits. Most business managers and individuals without a finance background have found themselves buried in a torrent of debit and credit conversations with their accountant at least few times. Here’s a quick guide on what those mean. Debits and
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Roth IRA vs. Traditional IRA

November 22nd, 2013

After deciding to invest in an IRA (Individual Retirement Account) you further have to make the distinction as to whether you want to invest in a Roth IRA or a Traditional IRA. These two investment vehicles have very different tax implications so considering your specific circumstances is important. Traditional IRAs: These offer the benefit of
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401K vs. IRA

November 22nd, 2013

When considering investing for your retirement you’ll hear a lot about 401K’s and IRA’s (or Individual Retirement Accounts) and sorting out what you should be doing is difficult. The core difference is that 401K’s are offered through your employer, and with matching schemes in place at many companies. These are often where you want to
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Lease vs. Buy?

November 22nd, 2013

Leasing or buying an asset can be a tough decision for any business to make. Which option works best for your company is contingent on a series of factors that every business owner or manager should consider. What is your cash situation? If you’re cash strapped leasing may be your best option, as the cash
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