POST CATEGORY : Finance

5 Personal Finance Tips for Doctors

When you have a healthy six- or seven-figure income, it’s easy to feel like you have all of your money challenges figured out. But in many ways, more money means more problems. And if you don’t get the basics right, you will fail. Yes, even as a doctor.

Growing personal finance

Here are some simple yet powerful personal finance tips curated with you in mind:

1. Build an Emergency Fund

The very first step to financial stability is to establish an emergency fund. This emergency fund should include enough cash to survive without an income for roughly six months. In other words, if your monthly expenses are $10,000, you need at least $60,000 set aside in a cash savings account that’s separate from your spending account.…

Continue reading →

The Best Online Brokerage for Trading

With the availability of many online brokerages, trading on different stocks and assets is now easier than ever. The question is which brokerage to choose for trading.

Trading with an online brokerage

Thanks to the advancement in technology, trading or investing in stocks, indices, commodities, or currencies, etc. have now become easier than ever. A reliable connection to the internet, coupled with a reliable trading platform is just about everything you need these days to get your money to work on your behalf. However, as not every trading platform is the same, it’s important that you choose the best platform to start your brokerage trading.…

Continue reading →

Do US Taxes Differ for Expats Living Abroad?

Are you a US expat living abroad? If so, do you have a handle on the tax implications of being an expatriate? In other words, do you have to pay taxes when living outside of the USA borders? Or, at best, do you need to submit an annual tax return to the IRS, indicating gross income earned for the tax year, irrespective of where in the world you live and work?

Doing taxes

It seems to be common knowledge, or perhaps an urban legend, that all US passport or Green Card holders have to pay taxes in the country of their residence and the United States?…

Continue reading →

The Difference Between a Finance Degree and an Accounting Degree

Are you trying to choose an undergraduate major or thinking about going back to school for a career change? If you have an analytic mind and enjoy working with numbers, you might want to consider a finance or accounting degree.

CEO earning a college degree

Finance and accounting are both math-focused careers that are integral to the success of all types of institutions. Finance and accounting degrees both afford great job security and job satisfaction. In fact, both professional areas are expected to see job growth of at least five percent over the next decade, according to the U.S. Bureau of Labor and Statistics. Those who work in finance and accounting can pursue diverse specialties in their fields, so there is plenty of opportunity for continued personal growth.…

Continue reading →

Have The Courage To Go Against The Crowd

Many people believe that trading is simple and they try to follow the advice is given on the online platform. Although it is the largest financial center in the world, making a profit is not as simple as it seems. A lot of dedication, effort, and practice is required to make a successful career in currency trading.

Forex trading platform

The virtual industry implies that people from all over the world can access the designated platform but it also requires some level of knowledge before one can make crucial decisions regarding investment. Community plays a big part in Forex because beginners are fond of following such open groups.…

Continue reading →

Can You Become a Successful Trader?

Successful Forex traders work harder from the beginning of their careers. They work smartly and analyze the market a lot. Newbie investors often take greater risks in order to earn more profits, which is not so common among the successful Forex traders.

Forex trading analysis

Professional investors don’t enter a trade until they analyze the trade properly. They study, learn the lessons, practice, follow the strategies, and finally execute them to ensure profits.

Can you be a successful Forex trader?

The greatest difference between an unsuccessful and successful trader is the sense of humor, consciousness, and awareness. To be a successful trader in Hong Kong, you should be dedicated to learning and building up awareness in yourself.…

Continue reading →

3 Key Considerations to Find the Right Private Equity Firm

Private equity firms are playing an increasingly important role in helping businesses to navigate and thrive in today’s rapidly evolving markets. Business owners evaluating a new deal or opportunity to work with an investor firm may find themselves having to choose between a fundless or a funded sponsor model.

Meeting with a private equity firm

photo credit: Edmond Dantès / Pexels

Both models have their pros and cons, so it’s important for business owners to closely evaluate their options before they sign a letter of intent. Here are a few considerations to help business owners learn more about the different advantages that potential sponsors have to offer and discover which private equity firm is ultimately right for them.…

Continue reading →

Property Insurance Claims Attorney: Why Hire One?

The days of quick and fair reimbursement of insurance claims are long gone. As far as property insurance goes, you pay a huge amount of money to protect your property and expect to be reasonably reimbursed in full in the event of a claim.

Property insurance claim

You may end up disappointed when you find out that the insurance companies only want to minimize their losses and pay you the lowest amount they can. For this reason, you need to hire an specialized attorney locally – such as  property insurance claims attorney Hollywood, FL if you’re residing in the area – to represent you.…

Continue reading →

How Much Personal Loan Can You Get on 30,000 Salary?

With the ease of borrowing offered by instant personal loans, people from a variety of financial backgrounds can now fund their short term and long term goals with ease. Having said that, the loan amounts offered can vary on the applicant’s monthly income.

Taking personal loan

If you are an individual with a monthly salary of about Rs 30,000, here is what you need to know about what determines your personal loan and how much personal loan you can receive.

What Affects Your Personal Loan Amount?

Before delving into how much personal loan can be sanctioned for a salary of 30,000, let us take a closer look at what determines your loan amounts in the first place.…

Continue reading →

Budget Preparations Needed to Start a Business Today

In order to make money, businesses need to first know how to spend it. For first-time entrepreneurs who are planning to start a business venture, it’s crucial to create a business budget to ensure long-term success.

Budget preparation for startup

Photo by Karolina Grabowska from Pexels

A common mistake small businesses make is starting without a financial plan in mind. Going with the flow isn’t such a smart move. Preparing a budget, in fact, helps a business avoid debt, be more profitable, and be more prepared for the future.

Breaking Down the Key Budget Components

Here is a breakdown of what makes up a business’s budget, which includes revenues, costs, and cash flow.…

Continue reading →