Why Taking Risks Is Necessary for Financial Freedom

You will have heard of the saying “no pain, no gain” which can denote the feeling of experiencing something negative before you reach a positive outcome. The same could be said with regards to financial freedom; you aren’t going to receive all of the benefits you deserve, without going through some sort of risk in order to get there. Whether you’re finding ways to gain a return on your investments, or simply want some reassurance that your risks will be worth it someday, here are a handful of reasons why it’s necessary to take a risk in order to achieve financial freedom. In Order to Learn There is no point in acquiring financial freedom if you don’t learn some lessons … Read more

4 Financial Services Every Small Business Needs

When it comes to small businesses, most people assume that they don’t need to make use of many financial services. And while it may be true that small businesses certainly don’t need nearly as many financial services as a big corporate company, they will still need at least a few if they want to succeed. One service aspect that is important for any business – big or small – is the financial aspect. Certain financial services can help small businesses in many ways, and we’re here to share what they are. Accounting services Let’s face it – most business owners don’t have the time, energy, or knowledge to spend hours doing their business’s finances. This is especially true for small … Read more

Top 5 Easy Ways to Increase Your Rental Turnover

The rental market is booming at the moment, especially with digital nomads tracking across the world to live in an exciting new city. 2022 can, and should, be the best year for landlords yet! By making a few changes to your rental properties and agreements you can significantly increase your rental turnover this year. Some of these changes require an initial investment, but you will see great returns within a few short years. Below are five ways to impressively increase your rental turnover: 1. Laundry Offering laundry in your building is a major selling point. It offers fantastic flexibility because you can lease or buy the machines, and you can choose to use the coin-operated kind. By offering a laundry … Read more

Managing Your Money When You Have Joint Finances

Considering joining up your finances with a partner? This could be a great idea that makes day-to-day life easier and more easily manageable. At the same time, joint finances could prove to be a poor idea, drawing down your credit score and resulting in all sorts of disagreements. Only you can know what the most sensible decision is when it comes to this subject because it’s so dependent on individual and personal factors. Here are some areas to consider before diving into the deep end and signing up to any joint accounts. Should You Consider Joint Finances? Joint finances can prove extremely beneficial to those who are in a serious relationship and living together. By opening a joint bank account, … Read more

The Ultimate Guide to Buying Your First Home

When buying your first home, there is a lot to know and consider. This ultimate guide will talk you through each step and help you prepare your finances, save for your deposit, apply for a mortgage to get the keys.  Get Your Finances in Check The majority of people will need a mortgage to go ahead and buy their first property. To get a mortgage, you need to demonstrate that the mortgage will be affordable and that you are capable of meeting the monthly payments.  These criteria are mainly assessed on your credit score, your debt to income, and an affordability model the bank uses.  Importance of a Good Credit Score A mortgage tends to be one of the most … Read more

Why Do So Many Entrepreneurs Get Wiped Out Financially?

Becoming an entrepreneur is a nerve-wracking experience. You don’t want to go into it knowing your odds of success. Only 25 percent of companies make it to the 15-year mark. Everyone else shuts down and gets wiped out.  These headline statistics, though, hide a deeper issue. It’s not just the case that the company fails. It’s also that the entrepreneur themselves gets wiped out financially. Even after ten years of hard work, many don’t have a penny to their name.  In this post, we take a look at how you can avoid getting wiped out and live the life of a business leader without running the risk of financial disaster.  Pay Yourself An Official Salary Don’t go into entrepreneurship like … Read more