Month: July 2019

How to Handle Gift Giving on a Budget

by
Do you have unwanted gift cards this holiday season?

Searching for gifts for those close to you is a challenge for many people. You may have bought a gift and then seen something else that you know they would really love and bought that too. Before you know it, you have spent more money than you can afford, and it can take a while to clear the debt. You need to work to practice gift giving on a budget. Most financial advisors suggest that you spend no more on a gift that you can pay off in one or two months. Gift giving on a budget does not mean choosing cheap gifts that lack quality or suitability. What it does means is that you choose the best gift for your … Read more

Developing Multiple Income Streams: 5 Ways for You to Become Financially Independent

by

The following is a guest post by Benjamin Lee about becoming financially independent. If you’d like to contribute a guest post to Money Q&A, check out our guest posting guidelines. With the way the job market is, relying on a single income stream just doesn’t cut it anymore. In fact, with mounting debt and stagnating wages, chances are that millennials will not have enough to retire.  You could just as easily be replaced by a robot tomorrow or your job may be outsourced to a third-party country. Thus, at the way things are going, it should come as no surprise that the new generation is worried. Fortunately, there’s still hope on the horizon to become financially independent. Advancements in technology … Read more

Six Ways to Reduce Your Tax Return Stress

by

Everybody knows that when the tax return season starts to loom over you, there is a certain degree of stress. No matter where you are in the financial or business world, it’s something that most people approach with some degree of trepidation. If you get it wrong, there may be unexpected huge payments or even legal troubles, and even if you get it right, filing your own return can be very stressful and take up a great deal of time. These tips should help to reduce tax return stress for you. Get Prepared Early There are very few things as stressful as the last minute rush. If you’re the sort of person who thrives on rushing through an airport with … Read more

Review of Masterworks.io – How to Easily Invest in Art

by

Every investor knows the importance of diversifying their portfolio to maximize their returns on investment, but just how diversified do you want to be? Should you branch out into cryptocurrencies, wine, livestock or other unconventional investments to lower your risk and boost your likelihood of substantial gains? While some non-traditional investments may be too risky and volatile for the average investor (especially cryptocurrencies in many instances), fine art can be a surprisingly lucrative investment. The only problem is that throughout history, investing in fine art was almost always limited to those wealthy enough to purchase multi-million dollar masterpieces. Nowadays, Masterworks.io is attempting to tear down old barriers to art investments by offering everyday folks the opportunity to invest in blue-chip … Read more

How to Make Your Retirement Plans Become a Reality Faster

by

If you have always had a retirement plan and have been working toward it for a while, the chances are that you will need to review it every year. You need to know how far off you are from making your dream lifestyle a reality and how you can make adjustments to your plans. If the price of the property you are looking to sell has dropped, your financial plans might be in jeopardy. Below you will find a few tips on how to speed up your retirement plans’ implementation.  Financial Review  You will need to conduct a financial review for your household and your retirement savings every year or so. If you are unsure where you stand, it might … Read more

Protect Your Small Business’ Finances

by
How to Increase Your Business Return on Investment

Running a small business can be complex, and it requires a lot of hard work and determination. When it comes to your business finances, you’ll need to ensure that your company has enough cash flow to function and that it’s financial interests are protected. With small businesses particularly vulnerable to market changes and cash flow reductions, taking a pro-active approach to your financial position can help to protect your business in the long-term. Increase security As well as maintaining the physical security of your premises, small businesses need to have appropriate data security measures in place. There are increasing numbers of data regulation and legislation, so you’ll need to determine exactly what your legal obligations are when it comes to … Read more