Starting A New Business Needs More Than Just A Smart Idea

Starting A New Business Needs More Than Just A Smart Idea! By Theodore Henderson The Wisdom Man It is time for you to understand and appreciate the importance of unsecured start-up financing. Seldom does a person have the savings or personal capital to start a business entirely on their own. Often, even when one believes this is the case, further development, as well as planning, discourages this first thought. Small business financing can be a complicated or dense su

8 Resources To Raise Capital For Your New Business

8 Resources To Raise Capital For Your New Business By Theodore "The Wisdom Man" Henderson “There are two ‘i’s’ in Fundraising – they should stand for inspiration and innovation, not imitation and irritation. -- Ken Burnett ” Are you all ready and raring to go launch your small business now? However, you feel stuck because you still lack the start-up capital? There are numerou

How to Create a Family Budget

For singles, creating a budget is relatively easy. They tend to already have a good handle on how much money they have coming in, and when tracking expenses, they only have their own to think about. But creating a family budget is a whole new ball game and one that can be fraught with anxiety. Most parents simply don't want their children to have to do without anything at all, and while this is certainly understandable, it is actually not the smartest or healthiest way to raise children. Childre

Learn to Resist the Urge to Spend

Now, more than ever it is time to exercise financial restraint. Rather than spend the last five dollars in your wallet just because you got paid today is not wise. Consider taking that $5 and putting it in your savings account or your penny jar. While it is easy for me to preach the reasons to save money, resisting the urge to buy something you really don't need can be very difficult. One way to help yourself resist that urge is to understand how marketers and advertisers get to you, your emoti

How to Begin the Conversation About Estate Planning

Even after your children have left home and begun families of their own, many parents experience some reluctance to have heart-to-heart talks with them about issues of aging. These are both emotional and financial issues, and lack of proper planning can have a devastating impact on everyone involved. Ask yourself this. Have provisions been made for you and your spouse that deal with potential care and end-of-life issues from both a financial and personal viewpoint?  Have you ensured that there

Semi-Annual Insurance and Financial Review

Here we are more than halfway through the year already. Life changes and your insurance coverage should change with it. I always recommend that you sit down after the first of each year and take a good look at your insurance, your investments and your finances in general. These days, I feel this is something that should be undertaken mid-year as well. Most people don't consider the financial changes that could make property or automobile insurance out of date.  If you have an older car that is

Taking the Reins of Your Family Finances

Every day in America, the Chief Financial Officers of corporate America make decisions that can help increase revenues, decrease expenses and directly affect the lives of employees who depend on their jobs to feed their families and fuel their lifestyles. In the same way, you function as your family's CFO. You look for ways to increase revenues by earning more money, decrease expenses by creating and keeping to a budget and keep your family fed and housed. Here are some tips to help you keep y

What Are the Duties of an Executor?

While crafting your last Will and Testament, one of the things that you must consider is who will be the executor of your estate. To ensure your wishes are carried out in accordance with your will, you should carefully consider who will be in charge of ensuring that your wishes are properly carried out. When making this decision, you will need to fully understand the duties of an executor. There are many duties and responsibilities  and some of the more important tasks required of the execu

Saving Money is Not Magic! 5 Easy Steps to Save Cash

Now, more than ever, it is critical to have savings. There is no magic to intelligent personal saving.  It's part common sense and part paying attention to the world around you. At a minimum, you should have 6 months living expenses saved in a liquid account. You need to be able to get at your funds quickly and easily without having to sell stock or pay penalties for early withdrawals on various savings vehicles.  Saving money is key to financial security but in the case of a starved rec

Smart Investment Moves for Newlyweds

June is a very popular month for weddings which is probably what prompted me to write a previous post on Financial Considerations for Newly Wed Couples. If you are getting married this month, or anytime soon, I understand fully that you have a lot on your mind, but... this is also the best time to begin working on the financial building blocks that will define your life as a married couple. In all the hustle and bustle of the wedding planning, have you taken the time to determine what your inve