Building Wealth by Paying Yourself FirstThe way I save money, is by paying myself first. I have automatic deductions come out of my bank account on the 15th and 30th of every month, which I put directly into a mutual fund for safe keeping. I take a small portion of my pay check, roughly 10% and put it away. This may not seem like much, but over time it adds up. In addition, with mutual funds you will have the benefit of compound interest on your side. You should EASILY be able to achieve 8% interest on average in a good a mutual fund, often times more. That's $800 a year on $10000! [More] | Real Estate Condo CrazyBut watch out for this! Many lenders will stop financing condos if the percentage of non-owner occupied units building reaches a level they consider dangerous. This means that you could have trouble selling units you own at some time in the future if you're not careful. [More] | How To Realistically Set Your Fees - Part 4Allowing 5% for bad debts may seem high, however, keep in mind the present state of the economy and remember this figure can be adjusted as the economic conditions change. Today, it is not unusual for businesses to take longer to pay invoices then they did a couple of years ago. Most businesses expect to pay late fees for overdue invoices, however determining how much to charge and whether or not you are meeting the various legalities involved can be time consuming. It may be easier to add a percentage to your overall fees to offset bad debt. [More] |
Seeing The Result Of The Law Of Compounding! Powerful!
Seeing The Result Of The Law Of Compounding!
American Greetings Suffers Earnings Loss
American Greetings (AM) announced this morning that it suffered a loss in the second quarter of %2410.5 million, or 18 cents per share, compared to its year-ago profit of %243.2 million, or five cents...(Market Close
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