Running a business and being an entrepreneur means making the most of your money. But an entrepreneur often makes the mistake of thinking that a business is more expensive to run than it actually is! The key is to be conscious about what you are spending money on, and to avoid the pitfalls of focusing…
For most people, increasing wealth is less about cutting back drastically, and more about capturing opportunity—but you must identify for yourself what opportunities motivate you. What happens more often than not is two things: If you don’t feel like you have something specific motivating you to save money, it slips away If there is excess…
Every few weeks or so, I get an email from someone who is considering a career in financial planning. I am positive that they regret asking me as soon as they read my reply, because for the most part, I end up discouraging people from the career. Career Perspective Here’s how I see it…I love-love-love…
It always amazes me that people think when you make a lot of money, you quit worrying about how you spend it. Personal finance just doesn’t work like that. I just had a meeting last night where this multi-millionaire was overjoyed to get set up on Mint. Over. Joyed. As I was leaving, I started…
I do not prepare tax returns, nor do I play a CPA on TV. But as a financial planner, I understand taxes and have been around enough to help with tax strategy. And it’s that time of year when I want to punch financial services providers in the neck for making you freak out about…
There is one point about money that is more important than any other, and that’s to understand what is required to generate wealth. Financial planning only matters if you have the potential to produce money in the first place. So here it is, the one thing you need to understand to generate wealth for yourself…
I was just talking to a client who said, “I would give up all of the money I am making this year if I could make things right with my daughter.” She noticed when her business was doing really well, things with her family would start to fall apart, and vice versa. She knew what she…
Several years ago, I was having coffee with a friend. She asked me how it was going with expanding my online presence. I hadn’t done it yet—not enough time, too busy with local clients, yadda, yadda, yadda. She said, “I know you really want to get online, and you said it’s important to you, but…
The biggest challenge with a side hustle is that you eventually want it to become your main hustle. I talk to a lot of people who want to start their own business, and acknowledge that they will need to keep their day jobs for awhile before transitioning over completely, but in making that concession, tend…
When I was working on my masters in business, we had to write a lot of startup business plans. It all felt very hypothetical, so I had trouble seeing that writing a business plan was how to start a business effectively. It seemed like an exercise in writing, numbers and organization. When I actually became…
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