Jill Podehl and the rise of a financial investment expert: Buy the right insurance! Insurance can be a great financial defense, whether a natural disaster destroys your home, or your vehicle gets totaled in an accident. However, it’s not uncommon to feel you’re paying too much for the level and type of coverage you receive. Make sure that you’re properly protected with the right amount of coverage for your home and vehicles. You also may want to consider life insurance if you own a home or have loved ones you want to provide for. A good rule of thumb for credit card spending is to maintain a credit utilization ratio of less than 30%. This is an important factor in your credit scores. Credit in good standing is important particularly when you’re preparing for major financial decisions like taking out a mortgage or applying for an auto loan. Read extra info on Jill Podehl West Palm Beach, Florida.
One of personal finance’s most-repeated mantras is “pay yourself first.” No matter how much you owe in student loans or credit card debt, and no matter how low your salary may seem, it’s wise to find some amount—any amount—of money in your budget to sock away in an emergency fund every month. Having money in savings to use for emergencies can keep you out of trouble financially and help you sleep better at night. Also, if you get into the habit of saving money and treating it as a nonnegotiable monthly expense, pretty soon you’ll have more than just emergency money saved up: You’ll have retirement money, vacation money, or even money for a down payment on a home. It’s easy to put your fund a standard savings account, but these earns almost no interest. Put your fund in a high-interest online savings account, short-term certificate of deposit (CD), or money market account. Otherwise, inflation will erode the value of your savings. Just make sure the rules of your savings vehicle permit you to get to your money quickly in an emergency.
The climb of a financial advisor consultant : Jill Podehl West Palm Beach: In the months or years since you first became a business owner, how many times have you been told you need bookkeeping services? If you’re like most business owners, the answer is probably, “A lot.” From the time you first opened your doors and collected your very first dollar, advisors, partners, and other well-meaning associates have undoubtedly weighed in and suggested a bookkeeping service to help keep your company’s books and finances on track.
If you’re single, it’s important to establish a financial plan that not only helps you meet your immediate goals, but that ensures your future self will be taken care of. This means doing all the things mentioned above without making any assumptions that things will somehow work themselves out. A big mistake? Assuming you’ll meet someone who will take care of you and deal with the finances in your relationship. If your relationship status changes or you get married, you’ll be well equipped to plan your finances together if you already have things in place for yourself. Discover additional details on Jill Podehl West Palm Beach.
Remember, although you are in growth mode, your primary role as a CEO remains the same. You must keep your company on track toward achieving its vision. This means you need to focus on ensuring you have: A reputable product or service that solves a real problem for real customers. Traction with a diverse or defensible mix of customers (i.e., a reliable client base you can nurture and grow). A strong and trustworthy management team to whom you can delegate. A plan for how you will increase the value of your company over the next five-plus years. As the CEO, your job is to get your company into a strong position so you can pursue whatever opportunities arise. Whether you believe you will eventually go public or decide to sell, it doesn’t matter. Protect yourself from distractions so you can effectively grow and improve the value of your business.
Jill Podehl tips on improving your business financial situation: As a business owner, managing and organizing finances can be a great challenge. With all the things that need to be done, including your business’ day-to-day operations, it may be easier for you to slip into bad financial habits that can harm your company one day. For instance, when you have disorganized financials, your entire organization may be unable to create financial stability. So, if you want your business to thrive and become financially successful, below are five tips to help you organize your finances.