Personal Finance Question?

Melissa Lavallie: The best answer I can give you is read, and read a lot! There are many ways to go about things...The books I recommend are:You are broke because you want to be by Larry WingetThe Richest Man in Babylon by George S. ClasonRich Dad Poor Dad by Robert T. Kiyosaki 21 Unbreakable Laws of Money by Brian TracyOr any other books that are in reference to the questions you may have! I truly recommend all of these books and many others! All I can say is feed your brain and save as much as you can.Also you have a long life to live and there are no get rich quick schemes that work...Save your money until you have a plan!I hope this helps...Show more

Marti Declue: I am bello smith, a legitimate, tested and trusted as well as a reputable money lender. We are a company with financial assistance. We loan funds out to individuals in need of financial assistance, that have a bad credit or in need of money to pay bills, to invest on business. I want to use this me! dium to inform you that we render reliable beneficiary assistance as I'll be glad to offer you a loan. Loan minimum of $2000 and maximum of 5million with and agreeable interest rate of just 4%Services Rendered include;*Refinance*Home Improvement*Investment Loan*Auto Loans*Debt Consolidation*Business Loans*Personal Loans*International Loans. FIRST INFORMATIONS NEEDED ARE:Name Of Beneficiary:.........Country:.............Sex:.............Occupation:........Amount Required............Purpose of the Loan........Loan Duration:............Phone Number............. Regards.Contact Name :Bello SmithEvery Day Macro loan Refinance InstituteHope to see your response via this mail address, macroloanfirm.everyday@gmail.com...Show more

Gladys Worthing: Depending upon the amount of money you have to deal with, it may be a good move to search out a "certified financial planner" (CFP). This person would take into account your entire situation...income, expenses, family unit, future ! money needs, your goals, and your risk tolerance. This person! shouldn't sell any financial products (stock, bonds, insurance, etc.), but only charge you a fee for their counseling. DO NOT go to a financial planner that offers free advice and works for a bank, investment company, or insurance company. They earn their paychecks by steering you to the products offered by their company.First, establish an emergency fund to live on in the event that you lose your job. They used to say 6 month's worth of living expenses but now they are recommending 9 months or longer. You can put an amount to cover you for a month or two in a savings account at a convenient bank. Shop around online for a bank that offers a better interest rate for the next 2 or 3 months of expenses. Then, depending upon your risk tolerance, you could invest in a utility stock that pays a dividend in the 6% range and, in addition, it may also go up in value during the time you are holding it also. However, don't do this unless you feel comfortable doing it and only ! with a stop-loss sell order to protect you if it starts to take a dip downward. You may want to see a CFP at this point.Secondly, purchase TERM LIFE INSURANCE in an amount to cover your debts, bury you, and provide for loved ones. DO NOT purchase WHOLE LIFE INSURANCE.Thirdly, begin to educate yourself financially. You can do this through books, pamphlets, watching financial programs on TV, or classes at a community college or a community center. Learn about traditional and Roth IRAs and 401k retirement accounts. The more you can learn on your own will reduce the time (and money) that would be required for a financial planner to explain these things to you since they will be charging you by the hour like an attorney would.There's the framework of a plan but a lot depends upon your personal situation. Contact me and I'll give you any explanations you may need....Show more

Johnnie Pummill: You need good, personalized advice. Anything given in an open forum will be ! generic, and you can't know the value of it (because you don't know the! person's finances).I recommend you find someone who already has the level of financial success you want, and who has maintained that for a while. Go ask them for advice. Do not take advice from a banker or broker - they are working 60+ hours a week to make a living - if their ideas were good, they wouldn't need to kill themselves at a job to make that salary or commission....Show more

Mickey Isle: One of the biggest mistakes people made when going into business is no forming the right business structure. The IRS defines the rules of how you're going to be taxed and etc. However, if you want to operate as a sole proprietor and build credit for your business it is important that you establish account under the business name. Example Joe Smith DBA Joe's Pizza. The DBA stands for doing business as Joe's Pizza. Now your checking accounts must reflect the same. And When you write check for yourself indicate on the memo "owner's draw" You may also consider using a payroll s! ervice to issue payment to you as a salary, thus taking out the appropriate taxes and etc. Now everytime Joe's Pizza makes purchases from vendors these should be reported to the credit agency. The one you want to estabish is Dunn and Bradstreet. You need to submitt accounting statements to them so that they can rate your business activity thus establishing business credit. Which is seperate from your personal credit. Hopefully you can maintain and keep track by uisng Quickbooks, Dome Books for Home Office or a good accountant.n Be use to visit IRS.gov and get a 1040 instruction booklet....Show more