No one can make a good financial decision under pressure. This situation is particularly true for someone in financial crisis. A person has a crisis and needs cash to get through it. One possible source of cash is to sell the future payments of an annuity investment. Be careful: This is a huge financial decision […]
Managing your company’s health insurance plan can be frustrating. You want to provide this valuable benefit to your workers. However, the cost of the benefit increases each year. If you don’t take steps to control these costs, they can have a huge impact on your profits. Have a question about personal finance or entrepreneurship? Join […]
None of us make good decisions when we’re under stress. When we’re anxious or “under the gun”, we may not think clearly. These are the types of situations that may lead to a bad decision. When you make an investment decision, you may benefit from speaking with a financial professional.
“Lemonade Stand 100 feet.” If you’re selling lemonade, put your stand 100 feet from a playground- smart marketing. Doing business comes with costs, obviously, and expenses that you must incur each year can sharply reduce your profit. The same is true of mutual fund fees and expenses that lower an investor’s rate of return. I’ve […]
My You Tube channel, kenboydstl, has nearly 400 You Tube links for accounting and finance. Here are links most of the videos, grouped by type: Advanced Accounting Auditing Capital Budgeting Cost Accounting Financial Accounting Intermediate Accounting Management Accounting Options, Tax Issues Enjoy!
The Decision Is Critical Your choices about financial advice have a huge impact over your lifetime. Other than decisions about relationships and careers, these choices may have the biggest impact on your personal life. There are two trends that make finding a financial advisor difficult for investors: #1- An overload of financial information Technology now […]
The Affordable Care Act (ACA) has created a great deal of confusion for individuals who need insurance coverage. First, people need to know whether or not they are in compliance with ACA. So, that’s one unknown. Once you get ACA coverage, a second unknown is the increases you face with your insurance premiums. Your rates […]
I was interested to learn from this Tim Ferriss podcast that, for hundreds of years, the word “priorities” was never used. Because you can only have one true priority. It wasn’t until the industrial revolution that the word “priorities” started to be widely used. With so many tasks to do so quickly, people decided that […]
Small mistakes with your finances can make a huge impact over time. The small mistakes are annoying, because it takes some effort to notice them. This means that you need to spend some time looking at your finances- maybe each week. Here are three common mistakes that can cost you. Subscribe to Accounting Accidentally on […]
Having a large amount of personal debt can be frustrating. Like any big problem, it can be difficult to visualize a process for getting out of debt. The Greek debt crisis serves as a cautionary tale about debt. We can all learn from the mistakes made by Greece.