How do 529 accounts affect Financial Aid?

LET ME SHARE A STORY WITH YOU. A couple I know is about to have their first child go off to college. They have been saving for years with a 529 account. Recently they have learned that the money they saved has to be listed as an asset and is going to affect the amount […]

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Investment Principals for Entrepreneurs #6

INVEST WISELY We aren’t just talking about the stocks and bond you put your money. We are talking about your future entrepreneurial ventures, the investments in your current business and your people. 80% of your resources should go toward the core business and 20% of resources towards new ventures. In other words, put your money […]

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Investment Principals for Entrepreneurs #5

PROTECT YOUR ASSETS Work with a business attorney to structure your company so that creditors can’t reach your money if the business runs into financial or legal peril. Work with a financial advisor to make sure your investments are setup in a way that protects them in the even your business runs into a hardship. […]

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Investment Principals for Entrepreneurs #4

BUILD YOUR CASH RESERVES As a business owner cash is extremely important. You seek to make it and save it. You save it for a number of reason like expansion, hiring, security, and more. We all know that if you are growing and need more staff then you potentially need a larger office space, more […]

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Investment Principals for Entrepreneurs #3

BUILD A NO TOUCH PORTFOLIO The last thing you want to do is have to dip into your investments to fund something for your business. This will take away from the compounding feature of investing that is so important to growth. Invest and monitor your account but plan on never touching it until you are […]

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Investment Principals for Entrepreneurs #2

DIVERSIFY AWAY FROM YOUR BUSINESS When you work in a particular industry it can be easy to get over-invested. You know the current and future economic factors for it, but that doesn’t mean you should only invest there. There are other major sectors of the economy to grow your savings. For example: Health Care, Technology, […]

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Investment Principals for Entrepreneurs #1

CONSIDER COMPANY EQUITY: Entrepreneurs have a few additional items to consider when investing. Unlike most people who are employed by someone else, the self-employed are building equity in their company. This leads to the possibility that their investment portfolios could be too heavy on stocks. The amount of equity an entrepreneur has in their company […]

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