When you struggle to manage your finances and want to make smart money moves, you may need to look into getting outside help. When you keep making the same choices on your own, it's hard to get out of bad money habits. The good news is that there are money management and habit coaching professionals who can assist you in making better choices. Here are the reasons you should hire a money management and habit coach.
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A small business loan isn't a term with a single meaning. Yes, it's a form of funding for a small business, but there are a variety of categories that make up this funding option. Before you apply for one of these financial products, it's a good idea to know what type of loan you need and qualify for.
Equipment Loan
An equipment loan functions pretty much as it sounds, in that it is funding intended to help a business purchase additional equipment.
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Financial planners are an important service provider for business owners, and there are basically two ways financial planning services are offered: either fee-based per service provided or by contract as a contracted agent. Fee-based financial planning services have their pros and cons to consider. Here is a look at those perks and pitfalls to help you make the best decision.
Perk: You will not have to commit to a long-term service contract.
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Settling old debt can be a relief, especially once the money is out of your account and the bills and calls stop. However, in the United States, settled debt brings with it another issue: extra taxes. Yes, you owe taxes on the forgiven portion of your debt because that's considered extra income.
When you settle, you pay part of the total due, and the unpaid part is forgiven. Because you're no longer sending your income out to pay that debt, it's the equivalent (in the IRS' eyes, at least) to suddenly getting a nice windfall -- just one that appears over time, rather than all at once.
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Investment banking starts with an item for sale, usually a property or business. The investor borrows from the bank, and then the investor finds a way to make a profit as quickly as possible. The idea is to pay off the loan taken from the bank and pay as little interest as possible so that the investor can keep as much of the profit as he/she can. That is the basic explanation.
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