At 21 years old, I was a new college graduate with sixteen years of education behind me, a professional writing degree, a couple dollars to my name, a job + a few side hustles, and zero clue about banks, credit cards, retirement funds, the stock market, or where to begin learning to invest. Although I’d enjoyed math classes I’d taken in school–and was occasionally guilty of participating in algebra competitions for fun–there was a definite practicality gap in their focus. I could use the quadratic formula in my sleep, but compound interest and dividends…not so much in my vocabulary. …
One of the biggest mistakes investors make is to ignore the "income purpose" portion of their investment portfolios... many don't even realize that there should be such a thing. The second biggest mistake is to examine the performance of income securities in the same manner as they do "growth purpose" securities (equities). The following Q & A assumes that portfolios are built around these four great financial risk minimizers: • All securities meet high quality standards, produce some form of income, are "classically" diversified, and are sold when "reasonable" target profits are achieved. Why should a person invest for income;…
Dropshipping has gained popularity as a business model. This business can be started with limited funds as you do not have to handle or stock items you are selling. Dropshipping business model is a great way to earn money as an e-commerce business because this model allows you to sell products without the hassle of managing inventory and has minor risks. Consider these points before starting a Dropshipping business to make it successful: Select a Niche Choose a product for dropshipping after carefully considering the characteristics and features of each product. It is advised to start with products that you…
Starting a food business can leave you in a tangle of red tape unless you know where to start. We’ve outlined the process below and highlighted some things to consider, as well as signposting useful resources for the new food business owner. First things first: Food Business registration If you are not already registered as a food business, or you are taking over an existing food business from someone else, you must register online with your local authority, before you start trading. It is against the law to trade as a food business without registration – but making yourself known…
Looking for a new career that won’t require years of schooling only to leave you with low earnings? If so, becoming a tax preparer could be a good option. With average salaries over $52,000 a year and accessible online training, you could make that career change you’ve been thinking about. Let’s determine if becoming a tax preparer is worth it. What Does a Tax Preparer Do? A tax preparer helps people complete and file their annual tax returns. They may use tax preparation software in the process. However, many individuals’ tax returns are relatively straightforward. There are different types of tax preparers. Some are…
