Remove Expenses Remove Networking Remove Retirement
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3 Steps to Take Before Going Into Business for Yourself

Success

Before going into business for yourself, you should have an account set aside to save for these additional expenses. Next, you’ll need to consider your current company benefits such as health insurance and retirement plans. Additionally, many companies offer a retirement plan and match employees’ contributions. Create a plan.

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More on the Changing Nature of Retirement

Small Business Labs

There's been a recent flurry of articles on retirement, mostly focusing on older people staying in the workforce longer than prior generations. An examples is Harvard Business Review's When No One Retires. It covers a new retirement community named after and based on the Jimmy Buffet song Margaritaville.

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The Overlooked Money Moves That Help Entrepreneurs Build Long-Term Wealth

Entrepreneur.com

Dont fund personal expenses from your business account. Build a business emergency fund Undoubtedly, unexpected expenses are not just a personal problem; they also affect businesses. What to do: Maintain an emergency fund for your business equal to three to six months operating expenses. Review your goals annually.

Finance 141
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30 New Year’s Resolution Ideas to Make 2024 Healthier, Happier & More Secure

Success

Calculate your monthly income, track your spending, determine your goals and priorities and develop a plan to manage your expenses. Save more for retirement. Increase contributions to retirement accounts such as your 401(k) or IRA. Limit money habits that can leave you broke such as expensive dining or luxury items.

2024 299
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Laid-Off or Let Go? Here Are 7 Immediate Steps for Your Career, Finances and Personal Growth

Success

Brand yourself on LinkedIn LinkedIn, described as the worlds largest professional business social networking site, is an essential tool in todays digital world. And dont be afraid to use the Open to Work feature on LinkedIn and to share a post with your network that informs them youve been laid off.

Finance 147
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Impending Recession Or Not, Use These Professional Tips To Prepare For Financial Turbulence

Allwork

This can affect wealthier individuals more acutely due to decreased portfolio values, but it also impacts pension funds and retirement accounts, which can impact the broader population. Ideally, workers should aim to save 3-6 months of living expenses. Have an emergency fund: Building an emergency savings fund is crucial.

Expenses 299
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Lessons From Past Recessions

Success

What are my basic monthly living expenses (including food, shelter, health insurance, utilities, phone, transportation and childcare)? Am I anticipating any major life events with significant expenses attached (like a new baby or retirement)? How much debt do I have (credit cards, student loans, car loans, mortgages, etc.)?