4 Reasons Why Your Business Will Fail (#4 is so true!)

Business woman writing on screen isolated over white
Business woman writing on screen isolated over white

You’ve probably heard about the Bloomberg report that confirmed eight out of 10 businesses fail within the first 18 months. It’s a scary data point that operates as a cautionary tale for potential start-ups. When you choose to build your own company, the odds are against you. If you’re considering such an endeavor, do your homework and learn from the mistakes of those who came before you. Here are four reasons why businesses fail and tips for how to avoid them. Lack of a Viable Revenue Stream No matter how great your intentions are for your new enterprise, there simply has to be a revenue stream. Without one, your new business has no chance for survival. Without money, you won't be able to cover expenses such as your workspace, utilities, staff, or suppliers. Too many founders of new … [Read more...]

The Sooner You Know The Truth About Becoming An Uber Driver The Better

uber driver
uber driver

Driving with Uber probably offers more financial benefits than you know. Consider how these four benefits could affect your financial health. Make More Money Than Other Drivers The average Uber partner earns a little over $19 for every hour he or she drives. That's significantly higher that what many professional drivers earn. Uber's research shows that: Taxi and limo drivers earn about $11 per hour Delivery truck drivers earn about $13.23 per hour Courier drivers make about $13.35 per hour Bus drivers earn about $14.25 per hour The only other people who make nearly as much money as Uber driver partners are heavy truck operators, who earn an average $18.37 per hour. By choosing Uber, you get to make more money while also setting your own schedule. Pay Lower Tax Rate by … [Read more...]

Money Mistakes That Can Break The Bank + Your Relationship – On The Joy Sutton Show!

sutton
sutton

Hey Girlfunds! I apologize for my personal absence here but rest assured I have been busting my tail behind the scenes on a few things in store for later this year.  I've been doing a lot of media and press since the Elle magazine feature in April and one of those interviews goes live this weekend.  I need to do a better job of posting them here so bear with me as I get my stuff together! Two weeks ago I taped a segment for the Joy Sutton show and it was awesome!   I had so much fun because Joy and her staff are just nothing short of awesome!  I love helping women make better decisions as it relates to their money and the topics we covered are sure to get your juices flowing!  Per usual, we talked about the things that we as women don't like to hear out loud when discussing money. … [Read more...]

Trade Stock From Your Smart Watch? We’ve Got An App For That!

smartwatch
smartwatch

The Apple Smart Watch launches in a few days.  And among the neat features is the ability to trade stock, open and close positions and them some - from your wrist. Hello game changer! This no doubt brings markets closer to traders than with previous applications.  Why?  This takes mobile trading to a new level. Check out some of the game changing features below: Spread bet, trade CFDs, and buy and sell stocks Get iPhone app notifications on your wrist Open positions and view markets from your watch lists Open, edit and close positions, or see all open positions and your last seven days of account activity Create price alerts for any non-binary and non-option markets Use one-tap login and switch … [Read more...]

Get Up To 20% Cashback Shopping With Dollardig.com

shopaholic
shopaholic

Who loves cash back rebates for random and routine purchases?  I do!  If you shop at Best Buy, Target, Ebay, Walmart, Pier 1 Imports and other popular (even the not so popular) stores, you'll get cash back if you go through DollarDig.com.  Up to 20% in some cases! What Is Dollar Dig? DollarDig is a website which gives you cash back incentives when you shop with their network of 3000+ stores.  You'll get  cashback on almost anything you can buy online - better yet at some of the highest rates. What You Need To Know Here's the rundown of what you need to know when shopping with DollarDig: Their customer service is pretty fast - (usually within 12 hours - sometimes within minutes!) You get a $2.50 referral bonus for inviting friends and family (credited once you make a … [Read more...]

How to Avoid Student Loan Repayment Scams

grad school woman
grad school woman

Millions of people in the United States are facing the uphill struggle of paying off student loans. Some are desperate to find ways to lower the monthly payments. Scammers have created phony debt relief schemes for student loans that promise to help students out – but at a steep price, if they help at all. Some state governments are cracking down on these companies that cannot possibly deliver on their claims, which are clearly too good to believe. Companies have been charged with deceptive marketing for selling services that are actually available for free. In addition, telephone marketers may falsely claim that their company is affiliated with the Department of Education. Researching the Student Loan Debt Relief Industry The National Consumer Law Center (NCLC) recently … [Read more...]

The 3 Most Important Investments You’ll Make in Your Life – #3 Hits Home

Food_Money
Food_Money

I write a lot about early investments. Once you’ve got a high net-worth, it’s not that hard to build more wealth. It’s not a given, but it’s way easier than when you’re getting started. It’s for this reason that the most important investments you’ll ever make in your life all happen early on. I should point out, though, that not all investments are financial. Everything you choose to do with your time is an allocation of resources that you’re making, even if that resource is nothing more than time. Time is a really powerful thing. If you’ve got a good body and mind, you can do a lot with your time. So considering all of this, here are my three most important investments that you’ll ever make in your life. Learning. The ability to learn and teach yourself is perhaps to most … [Read more...]

The Best Prepaid Card Is Kaiku Visa® – (Come See Why)

KAIKU_Cards
KAIKU_Cards

I love prepaid debit cards, but hate the fees that are attached to so many of them.  If you've ever used a prepaid card then you know that the fees that come along with just about all of them are frankly, ridiculous.  In some cases, more than you'd pay with a traditional bank account. And for that reason I've stuck with only a chosen few because I'd rather not have fees chip away at my hard earned cash. Recently, I came across Kaiku, a new prepaid card and I am impressed.  I used it for about a month.   I love not only their branding, but I am also impressed with their push to remain clear, upfront and honest about how the card is structured. That's Great And All But What About The Fees? Originally, the fee was $3 per month but this was recently revised and changed by Kaiku.  It is now … [Read more...]

#IwantDRAFT: If You Want Lower Fees + Crowdsourced Insights – You’ll Want To Read This

how_to_invest_in_gold_600x450
how_to_invest_in_gold_600x450

By the time you reach 35 your investor fees could easily top out at $350k on your investment portfolio.  I don't know about you but I'd rather not sacrifice that many coins while working towards the golden years. You may be wondering how do I save money on fees while growing my portfolio?  How are others dealing with this issue? Draft has the solution for that problem. They are the first app of it's find to solve such a unique issue.  Investors needing crowd sourced information in order to make better decisions, ask the right questions of their financial advisors while also saving money on fees.  Overall, this results in more meaningful information about your investment portfolio. What does this mean for you?  Draft helps you make smarter decisions by making the investment … [Read more...]

5 Reasons You Need To Buy Life Insurance

insurance-policy
insurance-policy

Do you have life insurance?  If not, ask yourself why?  Some people don’t buy life insurance because they don’t think they need it and some others don’t think of it as an essential financial product like a bank account or a credit card.  Maybe you don’t have life insurance because you think the premium costs are too high or maybe it’s because you haven’t thought about what happens to your loved ones and family members after you’re gone. Over the last couple of years I have lost my best friend as well as a family member and I can attest to the fact that the entire situation would have been completely different if they didn’t have life insurance.  We didn’t have several thousands of dollars to pay for final expenses, nor did we have the emotional and mental stability to deal with the … [Read more...]

Fixed or Variable Home Loan? That’s Still The Question

first-time-home-buyer-tax-credit-house
first-time-home-buyer-tax-credit-house

If you're looking to finance the purchase of a new home one of the questions on your mind may be Should I get a fixed rate or variable rate home loan plan? The truth is there's no easy answer as both options have their pros and cons.  The best course of action is to read up on the features of both types of home loans and make an informed decision about which one is best for you. The pros of fixed rate home loans Fixed rate home loan plans are just that, they offer a fixed interest rate on your mortgage loan for a predetermined time period such as 1, 3 or 5 years. Stability is a major benefit of fixed rate loans.  You will have consistent monthly mortgage payments and your payments will be completely unaffected by interest rate hikes because your rate is locked in.  This is the … [Read more...]

4 Reasons to Consider Offshore Banking

offshore
offshore

You may think setting up bank accounts in foreign countries is for the rich and famous or people who have something to hide, but the truth is diversifying your banking relationships is an extremely beneficial financial strategy. When looking outside our borders to invest, Americans can benefit from different tax laws, new investment options and foreign exchange. The best part is it can all be done with a name you already know and trust. If you're looking for a way to gain new exposure for your personal assets here are four good reasons to consider an offshore bank. Tax advantages Offshore banking can offer Americans tax advantages they would otherwise not have access to domestically. Of course the possible tax breaks depend on a variety of individual factors such as your … [Read more...]

5 Tips for Paying Off Student Loans

Student
Student

Paying off student loans, especially when the balances often total more than a year’s salary can be an intimidating task. For those who want to get better with their student loan repayment, here are 5 tips to make it happen in less time and with less pain. Get Creative Often times the most overlooked ways to pay off student loans can be the most creative. The internet is filled with inspiring stories of real students paying off their loans. Whether you start a small side business, cram roommates into your apartment, or spend your free time taking surveys online, every little bit of effort can significantly reduce the time you spend paying back the loan, and the interest you have to pay in the process. Avoid Credit Cards Many often try to get zero or low interest rate credit … [Read more...]

She Wasn’t Hired Because Of Her Looks? Elizabeth Bentivegna’s Lesson In Humility And Entitlement

photo_what_not_to_wear_on_job_interview_female_2
photo_what_not_to_wear_on_job_interview_female_2

When dealing with matters of gender equality, there is nothing more egregious than pulling the unsubstantiated "I wasn't hired because I am a woman" card. The issue of women receiving unfair treatment by their male counterparts has been well-documented.  I don't doubt for a minute that women experience scathing discrimination in STEM fields.  However, it isn't limited to just tech - other fields experience this as well.  So many of us know what it feels like to work really hard only to be bypassed by a man with lesser qualifications.  It happens!  But we need to know when to put the sword down, accept our flaws and understand how they impact our ability to get ahead. Elizabeth Bentivegna's story came across my news feed this morning and after reading it I just thought to myself: … [Read more...]

Why You Might Consider A Career In Criminal Justice – I Did

college-student-credit-card-marketing
college-student-credit-card-marketing

On popular TV shows like "CSI" and “Criminal Minds," actors play almost clairvoyant crime solvers who track down offenders and lock them up — usually in fewer than 50 minutes. The crimes depicted are usually serious because, of course, drama sells. The reality, though, is that criminal justice involves much more than just solving crimes. Most offenders are not murderers, rapists, and the like who need to be tracked down by mind-hunter squads. Some are really just petty criminals. Many suffer from addictions or mental illness or come from low socio-economic backgrounds, all of which can negatively influence their life decisions.  On the other hand, some criminals flirt with the white collar brand of crimes which tend to make national headlines. As a woman who graduated with an … [Read more...]