As a small business owner, you’re probably accustomed to wearing multiple hats – Chief Financial Officer, included. And as all small businesses owners know, functioning competently in multiple roles is essential for getting your business off the ground and turning a profit. If you handle your own small business finances, you’re not alone. Eighty percent of small business owners do exactly the same.
But working in the role of CFO doesn’t make you a financial expert – you may even be a little lost when it comes to the ins and outs of preparing a Pamp;L statement or a cash flow statement. Though squeaking by on minimal financial knowledge may save you some...
It’s a cruel irony that on the same week that we honor the life of Martin Luther King, Jr., the Supreme Court heard arguments on whether to weaken the Fair Housing Act (FHA) of 1968, an anti-discrimination law passed in the wake of his death. But it’s even crueler that the law’s most critical tool may fall because of the myopic interpretation of a handful of words.
At issue is the “disparate impact” standard, the idea that lenders or developers violate the FHA if their actions have a discriminatory effect on minorities, regardless of the actor’s intentions. So zoning laws that keep low-income housing out of certain neighborhoods, or disproportionate...
Brookfield East High Schools Business Education Department, which offers a personal finance class — one of the schools most popular elective courses — was recognized by Gov. Scott Walker earlier this month.
The department was named a recipient of the 2014 Wisconsin Financial Literacy Award on Jan. 9.
The East Business Education Department was one of 17 individuals, businesses and organizations across the state to receive recognition by Governor Scott Walkers Council on Financial Literacy. Award recipients were selected from 38 nominations submitted.
Criteria for the Wisconsin Financial Literacy Award centered on four categories: innovative implementation, demonstrated...
Your 20s and 30s have the potential to be some of the most powerful investing years of your life. With decades of working years ahead of you, the sooner you start investing...
Business Finance: Things to do before the General Election
Peter Harrup of BDO.
Wednesday, January 21, 2015
Faculty from the School of Management shared their research and
expertise throughout the past year and made headlines worldwide.
Now, you can protect your finances and help your business thrive in
2015 using the six tips below:
- Ensure your financial security as you age. In his book,
to Do When I Get Stupid: A Radically Safe Approach to a Difficult
Financial Era, Lewis Mandell, professor emeritus of
finance and managerial economics, says financial reasoning peaks
around age 53 and then declines sharply, especially after age 70.
One tip: A fully paid, age-in-place home can keep you and your
loved ones out of expensive nursing homes, which...
Special to MadameNoire Business, Mahisha Dellinger, CEO and founder of CURLS, talks wealth building. And it all starts with the foundation.
Read more here. And pick up Dellingers new book Against All Odds: From the Projects to the Penthouse, available here.
I’m proud of my financial position in life, but contrary to what a lot of people may think, I never aspired to be rich. I wanted to be wealthy. It wasn’t always that way, though. I think there was a lot of fear driving me. Fear of being poor again and fear of going back to that impoverished life from my childhood.
Being rich and being wealthy seem to be synonymous with success. However, there’s...
Roughly seven years after the financial crisis erupted, the US housing market continues to make a painfully slow recovery. Tight lending standards, among other things, have helped to freeze first-time buyers out. Fortunately, that should begin to change, now that housing finance giants Fannie Mae and Freddie Mac have agreed to resume purchasing loans with lower down payments.
Under plans announced last month, both government-owned entities will begin buying mortgages with down payments as low as 3 percent. Before, both had required at least 5 percent. The details differ slightly. Freddie Mac will limit its program to first-time home buyers, and will require private mortgage insurance...
As town and school budgetmakers assemble the 2015-16 budget line item by line item, they are girding themselves for upcoming hearings on their spending plans, beginning with a February 3 hearing on the school budget. Newtown residents at least those residents who vote in budget referendums seem to think their tax burden is heavy enough. They traditionally balk at tax rate increases of anything more than a percent or so. No matter how well crafted or justified school and town budgets may be, they are a hard sell. So we were not surprised to see the eager gathering of local officials at the CH Booth Library January 13 to hear the siren call of Robert Santy, president and CEO of the Connecticut...
Great civilizations have come and gone over the millennia of human history. There’s a common cycle evident in the chronicle of those vanished peoples. They forsook eternal, abiding principles of personal responsibility and compassion for others.
They focused on building wealth, indulging appetites; they became self-indulgent and lazy. The rich got richer and the poor got poorer. Violence permeated their cultures. The life of a person meant little; the elderly, handicapped, or sick were viewed as expendable and were sacrificed with barely a thought.
M. Russell Ballard described the process succinctly: “… righteousness followed by prosperity, followed by material...