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personal finance

Passive Income Ideas for Small Business Owners

by / ⠀Startup Advice / May 20, 2021

Passive income offers investors a way to make money without putting in a lot of work. Creating a couple of passive-income pipelines can help small business owners ensure that their company survives difficult times. Many people confuse passive income with get-rich-quick schemes, but almost every passive income source will require some investment up front. Your investment might be time, skilled labor, artistic endeavor, money, or some combination of…

9 Reasons to Switch to a Digital Bank

by / ⠀Personal Finance Startup Advice / May 19, 2021

If you’re a CEO or business owner trying to manage your company’s financial situation, consider digital banking. Switching to a digital bank may prove beneficial when compared to dealing with a brick-and-mortar institution. Small business owners in particular understand how time-consuming and costly banking can be. Online banking, however, can assist not only you and your employees but also your customers. For many, “digital banking” refers to the…

3 Industries Where Scale and Personality Aren’t Exclusive

by / ⠀Startup Advice / April 29, 2019

Common wisdom says businesses can either provide personal service or create scalable systems. In the old days, that was true. Small businesses couldn’t scale without becoming impersonal — and big companies couldn’t keep up with the volume if they wanted to improve service. Fortunately, times have changed. Today’s businesses can get the best of both worlds by using better tools to improve service in scalable ways. Customers get…

Personal Finance Lessons From Former Athletes Who Went Broke

by / ⠀Entrepreneurship Personal Finance / September 18, 2014

Professional athletes perform jobs that only a select few can accomplish — and are paid handsomely for it. Fans follow players’ every move on the field and, when things sometimes go wrong, away from the arena. Many athletes begin playing for a living while they’re still teenagers; others spend cursory stints in college due to pro leagues’ rules preventing earlier entrance. Consequently, most athletes aren’t trained to effectively…

5 Most Common Mistakes Investors Make

by / ⠀Personal Finance / March 11, 2014

Investment is studying the market trends carefully and yet not depending too much on past records of a particular stock that is showing up returns too good to last long. Investors make mistakes in not analyzing one’s risks properly, overdoing investment amount and showing impatience. As a newbie investor contemplating on making the best use of your savings by making an investment through opening up a brokerage account…

How to Save Money without Sacrificing Your Lifestyle

by / ⠀Personal Finance / March 6, 2014

Nobody wants to waste money unnecessarily. That means everyone loves saving money, right? Not necessarily. I’m sure everyone knows that saving money is hard work. We often spend less by sacrificing on certain things, i.e. eating home-cooked food most of the time, buying fewer clothes, skipping vacation days and many more. While effective, these methods are often painful as it sacrifices your lifestyle. What if I told you…

At What Age Should You Start Contributing To Your 401K?

by / ⠀Personal Finance / December 29, 2013

No matter which country you live in, planning for retirement is essential. When you live in the US, that means making plans for your 401k. However, the following guidelines are helpful no matter where you live (with a few adjustments, of course). So, when should you start making contributions to your retirement fund? How much do you need? When you’re young, retirement is conveniently far away. You think…

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