The raw numbers on your balance sheet, income statement and cash flow statement are just that. They only have value when tracked and measured against some standard of performance (either internally oriented or externally generated). The secret to effective financial management lies in knowing which ratios to track and what they tell you about the [...]
It is important to understand the fact that money management is an art and not science. Lessons on how to survive during a financial debacle could be very important and the modern youth lack in these basic skills and discipline. Here are certain tips that will make you stay happy despite the recession and odd [...]
There are so many things involved with building wealth that it would take much more than one article to explain it all. So, we’ve put together a simple five-step guide to help you get a great start in building wealth for a lifetime. Step 1: Set Specific Goals Goal setting is a task that can [...]
When I started financial spread trading in the late 1990′s I pretty much dived in head first! I’d read the books, attended seminars and courses and just wanted to get on with earning some money. With hindsight, I wish I’d been more patient. It would have saved me a great deal of heartache, not to [...]
For security reasons, it is important for women to have the knowledge about how to make financial decisions. Facts that many women choose to be single, and the divorce rates are getting higher should underline the more important for women to equip themselves with complete financial knowledge to survive in their life. Women need to [...]
When I was a college student, I got an ‘A’ in my Accounting 101 and 201 classes. Then I entered the “real” world and almost SUNK the family business because I had no idea what I was doing with the “real” accounting. You see, the examples in the college text book used financials that were [...]
Finding a financial planner is by no means an easy chore. If you aren’t careful you can very easily fall prey to scam artists, shady characters and terrible information. It’s very hard to figure out which direction to go in with your search. There are two ways to find a financial planner, the right way [...]
If you have found yourself in debt over your head and your financial future is looking rather dim, you need to start taking your finances in hand and figuring out methods for reducing your debt. It can be difficult to find your way out of debt, but it is possible to reduce debt and get [...]
If you are a freelancer, it is important for you to have good financial management since you don’t have a fixed monthly salary as an employee has. Here are some financial management tips for a freelancer that might be useful for you. Make a budget setting The first financial management tips are about the budget [...]
College can be quite expensive, proving to be a major economic problem for struggling families. However, through the use of student loans, the playing field is somewhat leveled when it comes to aspiring for a higher education. In this article, we’ll give you some tips about how to get your financial aid sorted out in [...]
