Saturday, May 8, 2021

Plans You Should Be Making As You Get Closer To Retirement

 Retirement is not as far off as it ever seems. The more you put off your preparations for it, the harder it can be to enjoy the kind of life you want after you’re done with work. If you’re passing another decade milestone, then you need to seriously consider what kind of retirement life you want to be living and what you should be doing in order to make it a reality. Here are a few plans that you should be making as you get closer to the day you stop working.

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When you want to retire

The first question should be when are you going to retire? For the majority of people, this question is going to be defined by answering the follow-up question “when can I afford to retire?” There are plenty of retirement calculators and tips that can help you get a good idea of when it’s OK to retire based on your current income and retirement plans. However, for other people, you might have some flexibility to decide when you want to stop working, rather than having to work up to a point that it’s best for your physical health to stop. To that end, you need to look more at what kind of retirement lifestyle you want to live, as well as what kind of wealth planning you want to continue after your retirement.

Where you want to be

The biggest lifestyle choices that you can make with your retirement, such as what amenities you’re going to have access to, what quality of the environment you’re going to be in, and how close you are to family, will all be determined by where you choose to live. You might choose to live in a house that you have bought, for instance. Or you can look at assisted living facilities like La Posada to make sure that you’re well taken care of, no matter what age you are. Look at what living situation is most likely to benefit you when you reach your age of retirement, and then start looking for the places to live that help you meet the needs you’ll have then.

How you’re going to handle wealth building

If you’re able to build wealth that can help you afford the kind of retirement lifestyle that you want, then you might have enough to keep going and building wealth. This can be used to safeguard against all kinds of unforeseen costs, to help provide a sizeable estate for your family, or even to boost your living expenses with dividends. Retirement advisors like Tanager Wealth may be able to help you keep growing your wealth even when you’re well beyond the point of making money from your employment, alone. Since your financial situation is going to change majorly when you stop working, you should make sure that you handle your wealth changes, as well.

How much you’re going to retire

For most people, the point of retirement is going to come suddenly, taking the step from working to non-working at a set date. However, if you’re able to put together the funding that you need to start scaling back your work life a little earlier than most, then you might also want to take a look at making the transition to retirement a more gradual thing. This can be done so you can start to enjoy a different work-life balance as you get closer to your retirement. Sites the Semi-Retire Plan can help you look at how to make that transition. What’s more, some people prefer to have some form of work-related responsibility as they get older.

How much you need to save

When considering all of the options above, the biggest question on your mind should be “how am I going to save for retirement?” The first step is, of course, to simply start saving money. Putting enough money aside to max out your retirement contributions, as well as to put towards IRAs and other savings programs as soon as possible is going to help you make sure that you’re able to enjoy the kind of retirement you want. Even if you’re only putting aside a little at a time right now, you’re going to be able to benefit much more from exponential growth as time goes on.

Your retirement doesn’t have to look like anyone else’s. Consider what you want and make sure that you’re starting to put together the plans to help you get there. The tips above can help you get started.

Thursday, May 6, 2021

Improve Your Small Business Bookkeeping

Are you a small business owner who is never happier than when pouring over a spreadsheet? Probably not. Your business’s books are a way to judge how well your business is performing, but if you’re not confident with numbers, doing your bookkeeping can be a real headache. A lot of business owners have good intentions of keeping up with the business finances but get distracted by the day-to-day needs of their business and don’t get around to it. However you feel about bookkeeping, it’s a task that no business owner should put off. 

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  1. Separate business and personal finances. Forgetting to split your finances is a mistake that is common in small business accounting. It can cause a lot of confusion for you later on, especially at tax time. Open a business bank account as soon as you start your business, and get a business credit card. This splits your accounts and helps your business to build a credit rating.  

  2. Automate whatever you can. Entering data into spreadsheets and reconciling the numbers manually is an old-school system. Ditch the spreadsheets and use proper bookkeeping software instead, and handle your business banking online. This means you can sync your bookkeeping software with your bank accounts to make sure you always have accurate, up-to-date records. 

  3. Ask a professional. Talk to your accountant to see if you could use an off-the-shelf accounting software solution or if you would do better with a customized version. Your accountant should be able to offer helpful input and should be able to set up your software and show you to properly use it. If you want to understand more of the money yourself, you can take certified tax preparer courses

  4. Carry out regular financial checkups. If you put off your bookkeeping for too long, you can end up with all kinds of issues to fix like bounced checks, overdue invoices, or figures that don’t add up. Go over your books weekly to make sure everything is in order. 

  5. Do a quarterly review. At the end of each quarter, have an in-depth look at your records. Look for trends like growing or declining sales, year-on-year revenues, or an increase in late-paying customers. Your accountant can help you to understand the bigger picture so you’re ready for future capital needs, like buying equipment or moving to new premises. 

  6. Keep records of business expenses. Tax codes often change, so you should ask your accountant for help on the kinds of expenses that you can deduct next year. Anything that you think you can claim for needs records. Scan and digitize your receipts.

  7. Monitor your employees’ hours with time tracking software. Software like this allows staff to clock in and out on a smartphone, tablet, or computer. This makes your life easier, as it will automatically keep track of things like overtime, time off, and sick days. Choose the time tracking software that will work the best with your bookkeeping software and make payroll much simpler to run too. 

Saturday, May 1, 2021

Getting Your At-Home Business Noticed On a Budget

 Is it possible to promote your business on a shoestring budget? It all depends on how much time and effort you’re willing to put into it. Small businesses have a very tight budget when it comes to advertising because there are so many different things to consider. In order for marketing to be effective, you really need to push yourself out there on multiple different platforms. The more money you have, the more reach you have and that’s generally how marketing goes.

However, if you’re smart about how you market your business, you can make massive gains for a very small cost. Unfortunately, there’s usually a tradeoff. If you want to spend less on marketing, then you’ll need to invest more of your time. And with that in mind, let’s take a look at some of the best ways to get your business noticed on a budget.

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Create excellent content on your website that provides value

Content marketing isn’t a new concept, but many small businesses find it difficult to take advantage of it. This is because most people don’t realize just how effective search engine optimization can be at bringing your website to a larger audience. In addition, creating value on your website by providing fresh and interesting content can get people to share it on social media, spreading your reliability and trustworthiness.

Don’t just focus on digital marketing

Digital marketing can be extremely expensive if you’re looking to compete with bigger companies. While it’s possible to do digital marketing on a budget, you might actually find more success if you tried traditional marketing. For example, there are some businesses that will see more success by printing flyers and leaflets to hand out locally. You can learn more here about other forms of traditional marketing such as direct mail. If you want to stand out as a business, then you often need to revert back to older marketing methods in order to get noticed. Digital marketing is extremely effective, but also far too crowded for a small business to have a voice.

Get started on multiple different platforms

You can also benefit from being on multiple different platforms. For instance, YouTube is a fantastic place to host videos about your products and services. People can stumble into your videos on YouTube’s platform itself, and you can also embed the content on your website or even link to it on social media. Spreading out your marketing and content like this is a great way to get noticed and link different platforms together.

Learn to use social media effectively

Of all the low-cost marketing strategies that we could consider using, social media tends to be the most effective if you’re willing to put in the time and effort to learn more about how social media works. Latching on to trends can be effective, engaging your audience can help you get noticed, and there are countless ways to grow your business if you’re willing to take a more active approach to build your brand.

Friday, April 30, 2021

4 Ways To Develop Your Business Money Mindset Muscle!


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If you are someone who has been working to be an effective business owner or entrepreneur, you've got to learn the art of development. But when you start to take away the layers of running any sort of business, whether it is at home or you have made the leap into a fully-fledged company, you need to remember the importance of your mindset. What can you do to ensure that your philosophy is geared towards development?

Approach Problems from Every Angle 

Lateral thinking is vital. When we start to think differently, we begin to develop in a far braver and organic fashion. It's crucial to see things from another perspective. They may help you realize a different component of your vision, or even help you acquire extra resources. For example, if you are looking for research and development tax credit services, you can improve your scope by looking at other businesses and what they've done to achieve this. It's also about changing different aspects of your life, which can change your perspective. 

Constantly Keep Moving 

We face new challenges every single day. Many business owners feel that they shouldn't make mistakes. But part of being in charge of any organization is about embracing the excitement of new challenges. What's more, you need to find new opportunities. And as scary as this may seem at the outset, when you put yourself in challenging situations, you learn the skills to develop them, which also establishes improvements in your confidence. So many people think that mistakes are bad and nothing else. But mistakes are the best way for us to get value.

Prioritize Self-Development 

We need to walk the walk, and we need to talk the talk. Many entrepreneurs think that they need to spout off facts and figures, but in order to truly build up a business, you've got to get into the right mindset. Looking to improve yourself is crucial, as this will enhance your business. 

Address Your Vision 

If you think that the goal is to earn money, you need to change your vision. Learning the art of committing to your vision is what will drive you forward. You had an idea for a business a long time ago, but your duty is to see it through to the bitter end. This means you have to keep checking if you are committing to your vision. There are so many things that we need to do during a typical business day that it can start to chip away at our vision, and knock it down. Therefore, doubt creeps in, which gives rise to business mistakes and changing the vision. However, you need to go back to that vision on a regular basis to see if you can still implement it effectively. Because we get trapped by various tasks, we start to lose sight of the bigger picture. All you need to do is take a little bit of time every day to remember why you are doing this, and it can help you work harder.

Making Money From Money - The Top 5 Finance Based Careers

 If money is what you want, then there is no better option than work with it. Indeed, the careers that often pay the most are the ones most strongly tied to the financial world. Of course, before you make such an important decision, it's well worth finding out about some of the most popular and profitable careers in the world of finance. Something that you can do by reading the post below. 

Financial advisor

The first career to consider if you love working with money is becoming a financial advisor. Indeed, the best part about this job is that you get to use your expertise in a wide range of financial fields such as investing, pensions, and real estate to help your client achieve their dreams. 

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Of course, because this is primarily a client-facing role, you will need to have good people skills as well as a solid understanding of tax, investment, and pension law. Also, you’ll need an inquisitive mind as you will be solving financial conundrums for your clients too. Sort of like a detective but with money. 

Like most higher-level financial jobs you will need a bachelor's degree in a related field and can earn around $70-90,000 a year.


The next money-related career you may wish to consider is becoming an accountant. In such a role your overall duties will be to prepare financial records, as well as ensure they are correctly updated and analyzed. In particular, you will need to be able to help businesses to ensure they run in the most financially effective manner, something that will require assessing profits and losses, assets, and tax payments. 

When choosing to work in accountancy you can stay general, or choose to specialize in a niche area. Indeed, choosing the correct niche can be an excellent way to boost your earning potential and the demand for your skills. After all, someone that understands the industry in which they work, as well as accounting theory, can be a very valuable asset indeed. 

Of course, if you do choose to specialize you will need to complete specialist training such as the courses offered by for the oil can gas field. However, you can be sure that any costs you payout on such training will be well worth the return you can expect from them. 

To be an accountant you will need at least an undergraduate degree in accounting or a related subject. Although, it is sometimes possible to earn these while working at the same time. There are also additional professionals exams that you will need to be successful at to practice. The salary you can expect is around £80,000 a year. 


Financial analyst

Last of all, if you want to make money by working with money then being a financial analyst maybe your dream job. A financial analyst's chief role is to have a firm grasp on the market and so be able to make recommendations to those wishing to invest. 

Of course, there is a great deal of work that needs to happen behind the scenes for them to be able to do this including monitoring market signals and using analytic software to stay ahead of the trends. 

Again to get into this field, as you can see from the post at you will need an undergraduate degree, usually in economics or a related subject. You can expect a salary of around $80,000- 90,000 a year. 

Thursday, April 29, 2021

Writing A Will: 7 Steps You Must Take


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Many people postpone writing their wills. Nobody wants to think about what will happen to their assets when they’re gone. But it is, unfortunately, one of those necessary things in life - something you just have to knuckle down and do. 

In this post, we take a look at the various steps you must go through if you want to write a legal will. Here’s what to do: 

  1. Decide How You’ll Write It

When it comes to writing a will, you have two choices: you can either get a professional to draft it for you, or you can use software. As you might imagine, the software version is much cheaper - sometimes free - but the professional version is more reliable.

In general, people with simple estates choose software templates while those with more complicated positions pay a lawyer. The wording in the will needs to be perfect. Don’t try to write it yourself. If you do, your beneficiaries could face legal wrangling. And they might not get access to your property at all. 

  1. Choose Your Beneficiaries And Executor

The next step is to choose your beneficiaries and executor. The beneficiaries are the people who collect various assets you own, and the executor is the person who makes sure that they get them. 

Ideally, the executor should be somebody you trust and who will always act in your best interest, no matter what the will says. Many people choose an attorney or a bank official as an executor as well, since these people will often act neutrally, in accordance with the desires stated on your will. 

  1. Be Specific About Who Gets What

When allocating parts of your estate, be explicit about who gets what. Don’t leave any wiggle room. 

If you plan on placing assets, such as your house, into a trust, read this at Seller's Advantage. Trusts work differently from regular estates, so you’ll need to consider additional planning. 

  1. Be Careful About How You Distribute Assets

You also need to be careful about who gets what. Just writing down, “50 percent each to both my children” won’t cut it. You need to be detailed in a way that the executor can interpret practically when allocating your possessions. 

  1. Attach A Letter To The Will

Many will writers also like to attach letters to their wills, providing a final parting message to the beneficiaries. The shape and form this takes depend entirely on your personal circumstances. Many will writers use it as an opportunity to encourage the amicable distribution of the estate. 

  1. Gather Your Witnesses

For a will to become valid, you’ll need to sign it in front of two witnesses - preferably younger people you trust who can advocate for you in the future, should there be any issues with your estate. Depending on the laws in your area, they may have to sign the will as well. If you’re in doubt, you can always film the event and upload it to a secure platform, telling the executor that’s what you’ve done.

  1. Find A Safe Place For Your Will

Keep your will locked away out of danger. Always share a copy with your attorney. 

Wednesday, April 28, 2021

Simple Investment Mistakes That Could Cost You A Lot

Investing is something we all have our own style in approaching, and because of this, we can all make little mistakes here and there. However, when you’re a beginner investor, you’re likely to make bigger, more frequent mistakes than a veteran investor, and that’s something we need to focus on right now. 

Because even what seems like the smallest and simplest mistakes could cost you a lot. You want to build a good portfolio here and make a good profit over your efforts, and that’s not going to happen unless you’re in the know! So, without further ado, here are the simple investment mistakes you need to know about, to ensure you don’t make them in the near future. 

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Using Money You Need

Investing is something that should only be done with money you don’t need to use in the near future. Indeed, big investors such as Wayne Blazejczyk would suggest a strategy of safe investment based on this very concept - if you need the capital in the next 5 years, it shouldn’t be poured into an investment account or the stock market. 

Because if you need to take it out before this time, you won’t see much of a return. In the case of investment savings accounts, you might even incur large fees that’ll be hard to deal with, and that’s certainly going to poison you against investment in the future. So, make sure the investment cash is spare before you invest it anywhere! 

Not Taking Your Time

Investing takes time. It’s something that should be spread out over a period of months, rather than done all at once, as this allows you to keep up with the market as it goes on. You’ll be able to watch as the market goes up and down, and be better able to determine risk. 

Most of all, it’ll ensure one volatile investment doesn’t tank you in record time, because you’ll be investing again somewhere else in a couple days' time. So, do your research, take your time, and come up with an investment schedule to keep your money on its toes. 

Not Diversifying Enough

Having a diverse investment portfolio is key to making a profitable return on all of your investments. Think of them as one big investment with many parts, rather than small, single ones here and there, and you’ll really see the use of investing in more than the company. 

Because when you think of investing like this, you’ll be able to instantly spot that just one investment can tank your portfolio in short order. But when there are a lot more baskets to put your eggs in, if one is lost, the others will still remain unaffected. And when you have limited capital to work with, this is more important than ever. 

Many people make investment mistakes, even when they’re years in, and consider themselves experts! However, if you’re a beginner investor, make sure you don’t fall into the traps of any of the points above. 

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