The end of a year is a time for reflection. As you plan your end-of-the-year celebrations and start to plan your new year resolutions, you may want to consider taking some time to take a closer look at your finances. A year-end personal money review can help you reflect on the choices you made over the previous year and help guide you to make better financial choices in the new year.
Letโs take a look at what a year-end personal money review is and how it can help you have a better relationship with money:
Read MoreDo you know how much it costs your business to earn each dollar it makes? Unlike traditional employees, when you're a self-employed service provider, every dollar you earn has a cost beyond your time and energy. How much do you need to pay for employee payroll, taxes, operating costs like marketing and insurance, profit, and personal pay?
Even if youโre a one-person freelance practice, understanding how much it costs you to earn each dollar in your company is a valuable shift in perspective that can help you build a sustainable, efficient business.
Read MoreThe sequence of events is consequential when we cook a meal, tell a story or travel to a destination. Instructions and directions are ordered, stories have sequential acts and arcs that depend on events. Itโs the way things are, we accept this.
The same thing is true in the world of saving and investing. The chronology for both how you save (and invest) and where you save (and invest) matters.
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