Game Plan for Starting a Small Business

When I first became a financial planner, my specialty was small business owners. I also headed my local Chamber of Commerce’s Small Business committee. Over the years, I received a lot of excellent business advice. Below are the top five most impactful business tips I’ve heard: Get your personal financial house in order If you…

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What is the Rule of 72?

Are you considering investing money? If so, you should know about the Rule of 72. It helps you determine how long it will take for your money to grow a certain amount. The Rule of 72 allows you to figure out how long it will take for an investment to double at a given annual…

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Will I receive a stimulus check?

How does the stimulus check work? The coronavirus stimulus check is an advance on a 2020 tax credit. This means if you do not get a check in 2020, you may be able to claim the tax credit next year. The IRS calls this check an “economic impact payment.” The amount you get will be…

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What is a Sinking Fund?

A sinking fund is a way for corporations to put aside money at specific intervals in order to pay a bond or a debt that will be due at a later date. You can use this same strategy to achieve your goals or pay for expenses that aren’t due on a monthly basis. By planning…

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Teaching Your Kids to Save Money

Red-headed woman sits on the couch holding her baby in her left arm while her older child sits to the right of her looking at an iPad

Think about the lessons you learned about money. How do the messages you heard in your early years impact the way you view and manage money today? Research shows that lifelong money habits are formed early. In fact, psychologists believe that by age 7 (I know, right?), kids have already developed long-lasting attitudes about money.…

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