As we get older, health issues can be frustrating. It’s common sense that we’ll all face more health issues as we approach retirement age. As health issues increase, so does the importance of proper health insurance coverage. Use these tips to avoid problems with Medicare enrollment.
Your credit score is a critical factor for your financial situation. The score impacts your ability to borrow, and the interest rate you’re charged on a debt. If you don’t understand how your credit history is scored, you can damage your credit rating.
If you have a poor credit score, the impact on your finances can be substantial. Your options to obtain credit and pay a reasonable interest rate are very limited. Many people with poor credit cannot obtain a loan at all. Fortunately, there were steps you can take to improve your credit rating.
One of those steps is to borrow more money.
There’s nothing more frustrating than to get an order from a client that you cannot fill. Not only do you lose the revenue from the order, you also run the risk that the customer will start doing business with a competitor. If you can’t deliver a product or service when the client shows up, you may lose all future business to the guy down the street.
Damage to your home can be devastating. Even if you have insurance coverage, the process of recovering your valuables, filing a claim and possibly having to move can be traumatic. (Some close friends of mine had a house fire on Christmas Day of 2014. Fortunately, the damage was limited and no one was hurt).
Planning for your personal tax return becomes more complicated each year. Townhall reports that the federal tax code (CCH Standard Federal Tax Register) is over 73,000 pages long. If you have an unexpected taxable event, the process of planning for your tax liability is even more complicated. A mutual fund may generate more taxable income that you expect.
Comparing yourself to other people can create a lot of anxiety. These comparisons can apply to any area of live: Career, marriage, hobbies, fitness. This process can become a vicious cycle: We compare ourselves to other people, we don’t think we measure up- and then we stop trying altogether.
“I’m not in the food business- I’m in the human resources business”.
That was a comment made to me by a McDonalds franchise owner 10 years ago. The comment has stuck with me. Fast food restaurants have constant turnover in staff. That issues requires a huge investment in hiring, training, evaluating- and sometimes firing- staff. So what happens financially when you increase the hourly rate of pay across the board?