As soon as you earn a paycheck, I’m not kidding.
There are two sides to consider: what you are allowed to contribute and what you can afford to contribute.
The SEP IRA (or Simplified Employee Pension IRA) allows you, the self-employed individual, to setup a retirement account.
Compounding interest is when you are paid interest, on the previous interest you earned, hence compounding.
These financial reports are important to understand for the health of your business and should be well understood.
Keeping yourself financially accountable can be hard. We live in a world where buying almost anything is as simple as clicking a button. Namu has a list of tricks and tips that can help you stay financially accountable.
A whopping 78% of Americans live a cash flow lifestyle, meaning they cover their expenses and indulgences from week-to-week or month-to-month, then run out of money and wait until the next check is deposited into their checking account. In a country that prides itself on having so much at its fingertips, how is it that the vast majority of its citizens can’t stretch their pay more than 6-8 weeks on average?
Each time I think I’ve heard the last word on whether it’s better to rent or own a home, I get a call or text from a friend who’s deciding between re-upping a lease or making the big investment, and wants to hear about my experience.