An objective needs a plan. If you fail to plan, then you plan to fail. All good plans have a thorough preparation, a well-timed beginning, an on-schedule duration, a successful ending and finally, a proper exit strategy. All things come to an end and it’s important to know how to get away from a fin
It is customary for most people to save their money, if they save money, in a bank. A bank is a business, of course, and its function is to make money for its shareholders. How do banks make money? They gamble! Well, they don’t call it gambling, but they do take risks. They lend money to people and
There are definitely some incredible geniuses in the world. There are also some very talented people. There are people with dreams and ideas. So many people want to achieve great things, but it’s very difficult. There are often regulations and obstacles. Often, timing and opportunity don’t match up
Almost every aspect of life involves varying amounts of give and take. We give time and take money. We give money and take food. We give life and what we take in exchange for life is what we need to keep living. Do we live to work or do we work to live? Greedy people have limited vision. When someon
People love success, especially when the results of success benefit many other people. Governments, many large companies, universities and many other charitable agencies give money in the form of grants. A grant is often just a donation of cash. If someone believes that a project or a campaign is wo
On average, people work a five-day-a-week, eight-hour-a-day schedule. A 40-hour-work-week concept is what we collectively accept as normal. In compensation for our time, we earn our pay. When those terms are breached, what happens? If an employee actually works less than 40 hours in a week, does the
Investing money is exciting and worrisome. It’s an obvious risk and it could all be lost in a moment. It’s probably a natural human characteristic, but we often enjoy taking risks. There is glory in success, partly because of the risk factor. That is also true for financial success. Whether returns
With current and continuing inflation, it’s getting harder to get by. Employers don’t increase salaries or hourly pay as fast as prices rise. To pay bills, live well and save money for the future, income has got to increase. It’s at the point that multiple incomes are a necessity. This places a majo
People who earn an income based on the number of hours that they work weekly or monthly understand that time is money. There are instances when income is continuous over many years even though the work is already done and not repeated. If you make a song or a movie and you earn money every time some
Life is often not fair and that is true in the world of personal economics, as well. We all know the maxim, “No risk, no glory!” It’s also true that, “Money talks.” If you are not super wealthy, an investment in actual accounting numbers might seem low, but the risk could be monumental. It’s not onl
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
Many people who practice English as a second language know that the word grand means great, large, etc. In the world of money and numbers, grand has another definition. Grand is a noun and it means thousand. To say that you have ten grand in the bank is to say that there is ten thousand in your bank
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