Success in any business calls for proper planning, and it is essential to seek professional advice. Be it a big or small business, seeking help from a financial advisor cannot be overemphasized. The truth is that business competition today is nothing short of cutthroat, and it is always wise to do all it takes to keep your business going. Here is why hiring a financial advisor is the best thing you could ever do for your business.…
Suddenly coming into a windfall of cash can be exciting. But once the initial excitement wears off, you soon realize — you’re not sure how to manage this new wealth. Some people respond to this lack of knowledge by either leaving the money in a low-interest savings account or simply spending it all. And neither of these options is ideal. If you manage a windfall properly, that money can transform your financial present and future.…
If you’ve ever looked into investing in properties, there’s a good chance that you’ve at least heard about the concept of a 1031 DST exchange. You may find that to be a frighteningly legalistic sounding thing, and it is. What it is and what it can do for you, though, are fairly simple to understand.
Two Things, Not One
A 1031 exchange is a tax deferment that can be sought when capital gains from the sale of an investment property are reinvested.…
When you own a small business, you need to constantly be on top of everything. All the responsibilities fall on you, which can be very rewarding but also difficult. You can give yourself a break by delegating some of the work to competent professionals, like accountants. Here are four reasons you should hire an accountant for your small business.
1. Help you write your business plan.
You might not know that an accountant can help you even before your business opens.…
If you feel like you are constantly living paycheck to paycheck, digging yourself out of one financially messy situation after another, this is the year to get your life back on track with your finances.
#1 Check Your Transactions Every Day
The first thing you need to do is get in the habit of seeing what you are spending money on. Spend just a minute or two each day quickly looking over your transaction statement for your bank and any credit cards that you use.…
There are many people who wonder if they should hire a financial planner. There are so many benefits to consulting a financial advisor, which is why it is so popular. Here are some common reasons to consulter an advisor.
1. Retirement Planning
One of the main reasons that people hire a financial advisor is to help with their retirement. This is especially the case if you don’t work for a company that helps to manage a portfolio.…
Whether you have had trouble in the past or simply want to take advantage of the knowledge of a professional in the field of wealth management, you will want to understand what you can expect to receive. When you have a better understanding of how a financial planner can assist you, you will be less likely to walk away from this type of help.
Ensures Your Debt Is Paid Off In The Best Order…
Whether you just moved in together or you are getting married, these are both very big milestones in your life that warrant lifestyle changes. Money is often a large reason that relationships don’t work, so you want to start off on the right foot by getting hold of your finances as a couple. To do this, you need to communicate with each other, be open and honest about everything and work together.…
If you’re a small business owner who leases a commercial space that seems to change ownership every year or two, you may have quickly grown tired of adjusting to the quirks and demands of each new landlord. Worse, you may vehemently disagree with your landlord’s management of the retail space – whether allowing your direct competitor to set up shop next door or refusing to repair parking lot lighting or other exterior safety features.…
If you aren’t sure how to plan for retirement, have money but don’t know about investments, or simply want a third party to help you with financial planning, then you are probably in need of a financial adviser. Many people believe that a financial adviser or financial consultant is only needed when you have a fortune, but that couldn’t be further from the truth. A lot of people can actually benefit from this type of money expert.…
