If your business isn’t making a profit and losing money, it’s not a good sign. Without money in the coffers, there is no way to invest in the essentials that you need to succeed. It’s a vicious circle and one that doesn’t end until you make more money or file for bankruptcy. Of the 80% of startups that don’t make it past the first year, a lack of profit is the reason the majority fail. Lots of new businesses find it challenging to stay out of the red because small things can get in the way. Before you know it, they escalate and you’re dying … [Read more...] about 6 Reasons Your Business Is Hemorrhaging and Losing Money
Archives for July 2019
In a world where countless credit cards without annual fees exist, it might seem like a waste of money to have a credit card that charges you anywhere from $49-$500+ every year just for the benefit of having that card. Annual fees are not too popular among credit card issuers, as a 2017 survey of 100 credit cards found that just 24 charged annual fees (and 9 of those 24 reduce or waive the annual fee during the cardholder’s first year of use). I'm a huge fan of the American Express Platinum card and the perks it offers. Apply for an … [Read more...] about Are High Annual Fee Credit Cards Ever Worth It?
By now, you might’ve already heard about (or watched) Netflix’s wildly popular new show, Tidying Up with Marie Kondo. The show came about after Marie Kondo’s lifestyle routine called the “KonMari method” gained a huge online following, with many people reporting their lives were transformed for the better once they de-cluttered their homes, worked on their relationships and focused on things that genuinely “spark joy” in their lives. How to Tidying Up Your Finances like Marie Kondo Perhaps unsurprisingly, the KonMari method can easily be … [Read more...] about 5 Lessons for Tidying Up Your Finances We Can Learn from Marie Kondo
Note - This blog post contains affiliate links. I'll receive a small commission if you choose to sign up with Rover. Before we know it, summer will be over, and fall will be upon us. Make sure to take advantage of the season and plan a most-deserved summer vacation before it’s too late. As soon as you read that I’m sure a ton of questions ran through your head – what about time off, where to go, what’s affordable, who’s going to take care of my four-legged buddy? Don’t stress. There are a ton of options out there that are both fun and … [Read more...] about How to Have a Stress-Free Summer Vacation with Rover
Following is a guest post by Kedma Ough, the author of "Target Funding: A Proven System to Get the Money and Resources You Need to Start or Grow Your Business". If you'd like to contribute a guest post like this one about your ideal job versus entrepreneurship to Money Q&A, be sure to check out our guest posting guidelines. Is it possible to have your cake and eat it too? If there was a way to find your ideal job and build your dream business, would you consider both? Most people see this dichotomy and feel that they need to choose one … [Read more...] about Find Your Ideal Job and Build Your Dream Business
Trading is a business and requires significant attention. If you plan to make trading decisions about your risks on a daily basis you need to set aside the appropriate time to make sure you are able to monitor your positions and p&l. If you are finding it difficult to generate consistent gains, here are 6-tips that you can use to make better trading decisions. 1. Do Your Homework As mentioned, trading is a business and needs to be treated in that manner. Before you place a trade, make sure you do the appropriate homework to determine … [Read more...] about Six Tips on How to Make Better Trading Decisions