When people imagine entrepreneurs, they typically picture a man in a nice suit. However, there are plenty of entrepreneurs out there who do not match this stereotypical image. Female entrepreneurs, for example.
Female entrepreneurs are on the rise, and it’s not a real surprise. Entrepreneurs take control over their career paths, which many women have wanted to do for years.
Over the past twenty years , more and more businesses have started up with women at the helm. This has had a positive impact on local economies, as well as their communities. …
While it is tempting to think that one can be too young to be concerned about finances, this is simply not the case. The younger a person starts better financial habits, the happier and healthier their finances will be in the long run.
Additionally, there are plenty of financial concerns that college students face — there’s a reason why the idea of a broke college student is so pervasive. By setting a budget, and learning about proper finances right from the start, a student can set themselves on a path for success.
Set a Budget
Setting a budget can be…
When it comes to creating a retirement plan, there is an overwhelming amount of information available online. At best, much of the information found online is misleading. At worst, it’s outright dangerous. Frankly, there’s no quick and easy guide for retirement planning. Everyone is different, and thus their plans must be as well.
However, there are certainly plenty of myths worth debunking when it comes to planning. Knowing what information cannot be relied on is the first step to sitting down and creating a personalized retirement plan.
Myth: You Shouldn’t Retire Until Your Mortgage Is Paid
Based in San Antonio, Texas, Brooklynn Chandler Willy, the President and Founder of Texas Financial Advisory, is a dedicated financial services professional and talented entrepreneur.
For many working in financial services, the desire to pursue a career in finance is often sparked in higher education with a deeper dive into the industry. For Brooklynn Chandler Willy pursued a career in finance after the sudden death of her father who was a life insurance salesman without insurance himself . Through this, Brooklynn witnessed firsthand how difficult it can be to navigate the death of a family member both emotionally and financially…
Anyone looking to become a successful entrepreneur must have business skills. An innovative idea or concept is just half of the process. A business needs to be made and generated from the idea for it to be a successful one. If you want to be an entrepreneur, this is business advice you need to follow:
Do Your Research
The most important step to starting a business is doing market research. It’s essential to understand the market and if there is a need for your product or service. Take the time to find your ideal client and their needs. Understand where…
Whether you are a new student in college, just getting started in the workforce, or have an established and successful career, it is important to always have a personal budget. A budget helps keep your finances in order by balancing income and expenses. Having a budget will also help you save more money and reach long-term financial goals. To prevent overspending and enhance your own financial literacy, here’s how to create a personal budget:
Determine Monthly Income and Fixed Expenses
The first step to creating a budget is determining both your monthly income and fixed expenses . Your monthly income…
If the year 2020 has taught us anything. It’s that anything can happen. Now more than ever, entrepreneurs are facing heavier risks and taking a bigger chance on themselves. However, there are certain strategies that an entrepreneur can implement to have a better chance of launching their startup during uncertain times.
Focus on Consumer Needs
Especially during uncertain times, a consumer is much less tempted to buy a service or product that they do not need. Before starting a business, it is important to keep consumers’ needs in mind. Think about their current lifestyle and consider what type of product…
To understand finance, you don’t need to be an expert in the field or even have extensive education. The average person can quickly learn the basics of finance independently and will be much better off in life. Having financial literacy is much more important than people would think, and everyone should know it. Not only can it help you become more financially secure, but it could also save you from potential scams or being taken advantage of.
Putting Off Making Financial Decisions
Financial planning basics such as retirement, savings, and even improving credit scores have taken a back seat for…
Although retirement is one of the biggest financial steps we can take in our life, many people struggle with how to begin and prepare. For retirement to be as relaxing and worry-free as possible, it’s imperative to start saving early. Even if you are still financially unstable or not as wealthy as the median, you can still save for retirement in small increments. Here are some small ways to save big for retirement:
Pay Your Savings First
Start by making saving money easy and automatic. Get in the habit of paying yourself first and decide how much of your income…