Remove Credit Card Remove Health Remove Industry Remove Retirement
article thumbnail

Lessons From Past Recessions

Success

How much debt do I have (credit cards, student loans, car loans, mortgages, etc.)? What are my basic monthly living expenses (including food, shelter, health insurance, utilities, phone, transportation and childcare)? Am I anticipating any major life events with significant expenses attached (like a new baby or retirement)?

article thumbnail

How to Know If You’re Financially Ready to Start a Business

Success

Market analysis: What are the current trends in your industry? Be clear on how you’ll set your business apart in your industry. Are you currently earmarking 15% to 20% of your income for retirement? But if you’re starting a business, then you generally won’t have income to put toward retirement at first.

Expenses 342
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

16 Rich Habits

Success

Stay away from accumulating credit card debt. Contribute as much as you can afford to a retirement plan. Wealthy individuals, on the other hand, make themselves invaluable to their employers or customers, writing articles related to their industry, speaking at industry events and networking. Set goals, not wishes.

Mentoring 318
article thumbnail

3 Steps to Take Before Going Into Business for Yourself

Success

Next, you’ll need to consider your current company benefits such as health insurance and retirement plans. If that’s not an option, you’ll need to get on a health insurance plan for self-employed individuals. If that’s not an option, you’ll need to get on a health insurance plan for self-employed individuals.

article thumbnail

Answering Reader Mail: Can an EA salary support a family?

Musings of a High-Level Executive Assistant

Always buy the most expensive health insurance you can afford. You should have 3 savings accounts - retirement, rainy day, and emergency. Retirement is your 401k, CDs, cash, etc. Take note on any outstanding kudos you got from your bosses and know your salary worth compared to the rest of the industry.

Salary 40
article thumbnail

44 Ways to Kick-Start Your New Year

Success

I want my financial future to be bright and to have no worries when I’m older and ready to retire. Cut up credit cards. For health? I graduated from college, and I needed to start planning out my financial future. Brandy Jules , former SUCCESS staff writer. Build value every day. Write a not-to-do-list.

Mentoring 346