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What Is My Net Worth?

Success

Many people focus on one or two areas of their finances but don’t stop to look at the big picture and confirm that they’re moving in the right direction overall. A positive net worth is a sign of financial health; the higher your number, the better you’re doing. If you have a zero or negative net worth, don’t panic. What are my assets?

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5 Long-Term Financial Goals and How to Achieve Them

Success

Your long-term goals are an important aspect of your financial health. These goals provide motivation, direction and discipline when managing your finances. When you have debt, especially high-interest debt like credit card balances, you lose a portion of your income that could otherwise go toward savings goals like retirement.

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3 Common Money Myths Debunked

Success

In every financial workshop, I hold with 20-somethings, there inevitably comes a point where someone utters the phrase, “But my dad said…” followed by: I should carry a balance on my credit card to improve my credit. It’s OK to settle for a starter salary. I should pay off my debt before I start saving.

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Lessons From Past Recessions

Success

Instead of watching what the market does daily, spend some time tending to your finances so you know where you stand. As part of your financial plan, consider the following: Review your finances. How much debt do I have (credit cards, student loans, car loans, mortgages, etc.)?

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How to Manage Yourself When Making the Move to Self-Employment

Productivityist

Build Your Finances. Remember, you will no longer have a monthly income in your bank account, and your finances rely solely on your success from being self-employed. If you can reduce or get rid of your debts like credit cards while you are still in employment. Instead of mixing up your finances.

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3 Critical Financial Steps to Starting a Local Business

Small Business CEO

One very crucial factor in determining a new local business’ success or failure is the ability to plan for the businesses financial health. Consider your salary (and be reasonable), the salary of any employees you may have, overhead, and so on down to small office supplies like ink for the printer. Don’t let this happen to you.