There are multiple pros and cons of running a small business. Some say that small businesses are the backbone of a strong economy. One appeal of starting a small business is independence. When you run your own business, you can make all the decisions about what you do. You can also receive all of th
Who are you? Our many sides include spiritual, educational, family and friends aspects. Our activities and experience-related parts of our lives help to define who we are, as well. Our economic side has great influence on most of the other aspects of who we are. It is wise to begin early to create a
We often think of investing money in terms of business. Money can be used to help start a new small business or to purchase stock in a large company. Those are traditional investments. Sometimes we see how people invest in fine art, rare coins, antiques and old wine. Who has enough extra money lying
Sharing has always been a generous action. Nowadays, generosity doesn’t always come easily. When the economy is doing badly, it’s hard to earn money and it doesn’t last long. When you go to the supermarket, it feels like you are making an investment of your life just to purchase some onions and a bo
Looking around on the shelves of the stores, you might see this sign: 2+1. If you purchase two of an item, you can take a third at no charge. That’s right! Buy two and get one free! It’s an attractive offer. It’s hard to pass up an offer like that. You might not actually need that item, but with a g
Flashy advertisements and celebrity endorsements are flirtatious and tempting. Before using a credit card to make an impulsive purchase, think twice. One of the hardest conditions of managing a budget is honesty. You know your exact income. You are aware of your normal, repeating expenditures. You k
To live well in the present while saving money to prepare for the future is a strong economic position. If you are able to live comfortably with the earnings you have, that’s wonderful. However, if you save nothing for your future, you will have problems later. Of course, not everyone receives a hig
In cases of people trying to make money by investing money, there is the issue of flipping properties. It’s not cheap to invest money into buying a house or a piece of land. However, if you can buy a property, make some improvements to raise the value and then sell the property at a profit, that’s a
When cut means stop, then we can see the importance of this expression. Not every investment brings profits. Not every business plan works out. Not every opportunity is a success story. Sometimes, despite the best efforts and the greatest intentions, things just don’t work out. There comes a time wh
Working, earning money and paying taxes are all issues with government regulations. In the U.S., specific working positions require specific minimum wages. If a company hires a legitimate, certified, professional, skilled-worker, then payment must meet regulation minimums or better. These wages vary
What is the name of the currency in your country? Dollars are used in more than 30 countries around the world. The U.S., Canada, Australia, Hong Kong, and New Zealand are just a few of the countries that call their currency “dollars”. Currency is not only money. Since currency is simply something of
Speculation is an educated guess. Maybe not all of the exact facts and information are known, but enough details are understood and it’s possible to make an educated guess about something. In the world of business and finances, speculation is a pretty risky money game. Decisions are made about inves
Banks would like to increase the size of their customer base. Credit card companies would like the same thing. That’s only natural, good business. Sometimes these businesses contact their customers and invite them to introduce the bank or card company to family and friends. If you introduce a new cu
Government is like a giant machine. It’s actually just people. People in government make decisions every day that influence the lives of everyone. Their decisions affect the environment, culture, and the economy. They affect the cost of living. The people who make decisions are hidden in the machine
Our city streets, highways, bridges and tunnels are paid for with taxpayer money. The maintenance and service of this infrastructure is the responsibility of the government and bureaucrats in charge. Taxpayers have to ask, “Why are the roads so damaged?” Consumers have already paid for this infrastr
“Research Grants” 연구 보조금 The Scientific community moves humankind forward through developments in many Sciences. This takes a lot of time and massive amounts of funding. Wealthy contributors, companies and foundations, universities and governments, both domestic and foreign, invest in Science. There
“Emergency Fund” 비상 예비자금Nobody knows for sure if or when there will be an emergency. Most people are rightfully fearful of having to deal with a bad emergency. However, most people also believe that it won’t happen to them. What happens financially if you have an emergency? Medical bills and prescri
“Work From Home” 재택근무If you have a job, you are aware of your commute time. You spend time each day in traffic, either driving or using public transportation. Two hours each day is 520 hours each year. If you could work from home, would you? With the development of the Internet, there are many jobs
“Cost of Living” 생활비 Most people know what it takes to survive. We recognize that nothing is free. Food, rent, utilities and everything else costs money. It costs a bundle to live in an apartment or house and to wear clothes and eat food with water and electricity and of course to have a mobile phon
“Tip + Tip” 팁 그리고 팁 Tipping a server at a restaurant or bar is a great thing to do. It’s very generous to give a tip and it’s highly recommended. Some places automatically add a percentage to your bill. Supposedly, that money goes to the serving staff. What if I am not satisfied with the service and