Financial New for Everyone
By Sandra Hayes Times are challenging for many families right now. The self-imposed recession due to COVID caused the U.S. GDP to drop an unprecedented 30%, with millions of people out of work. Trying to find a job or income during these circumstances may seem like an impossible task. Knowing how to meditate for money will not cause …
By Sandra Hayes Flipping a house is a solid strategy for a side income. If you remodel a home for a year or two, you can make over $100,000 on some properties. Although you’ll need construction knowledge, power tools, and a lot of energy, some people earn a full-time income by remodeling structures. The best books on flipping …
By Sandra Hayes The best way to change your spending habits is only to buy things that fit within your budget. If you don’t have limits in place, living beyond your means can happen without realizing the problems. How do you avoid spending less than what you earn each month? It looks different for each person and family. …
By Sandra Hayes Everyone should have an emergency savings account. This fund needs enough cash available to cover at least six months of common expenses. That figure represents your mortgage, utility payments, and healthcare costs. The figures for your monthly bills are easy to predict. Knowing how much to pay your doctor is a different story! A reasonable …
By Sandra Hayes Multiple scams target small business owners because these independent workers are often seen as lucrative marks. Many owners are working long hours and performing multiple jobs. They don’t have the time to verify every piece of information that comes their way. When you know how to recognize these common issues, your business can avoid the …
By Sandra Hayes People who come from a religious or spiritual perspective contribute money to their church, synagogue, mosque, or similar congregation. Some households practice a form of donation called tithing. A tithe is a specific percentage of earned income that automatically goes to one of the above institutions. Can I claim tithes on my taxes? The answer …
By Sandra Hayes Business success happens when entrepreneurs are willing to take measured risks. Although this decision opens them up to failure, it is also the only path available to help someone reach their goals. Fear of success or failure does more than hold an entrepreneur back from their full potential. It can also derail an excellent business …
By Sandra Hayes Warren Buffett is widely seen as one of the most successful investors in history. Shares of his company Berkshire Hathaway sell at a remarkably high price, often well above $250,000. The 52-week high in June 2020 was $347,400. Buffett is a self-made billionaire who believes that education leads to the skills that can duplicate his …
By Sandra Hayes COVID-19 caused governments all over the world to shutter non-essential businesses. Although the definition of what could or could not stay open varied by jurisdiction, people in the hospitality, travel, and restaurant industries were hit the hardest. Unemployment rates in some areas reached record highs. The United States reported over 40 million first-time filings for …
By Sandra Hayes The U.S. Government passed legislation in response to the coronavirus pandemic emergency that provided funds to most low-income and middle-class individuals and families. Individuals could receive up to $1,200, while married couples who file jointly got $2,400. Having children provided another $500 per child. That means a family of six could qualify for up to …