amagalit

225 Flips | 21 Magazines | 13 Likes | 9 Following | 41 Followers | @amagalit | Keep up with amagalit on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “amagalit”

How to Write a Business Plan: A Step-by-Step Template

Writing a business plan doesn't have to be an intimidating task, but it does require foresight, honesty, and plenty of research. Here is an outline and some smart tips to help get you started.<p>Creating a business plan is the first and most crucial step to building a successful company.<p>"A business …

How I Went From Living in My Car to Owning My Own Company

What I learned about success and overcoming adversity from living in my car.<p>When I was 18 years old, I moved into a Honda Civic. I didn't get along with my parents, didn't have money for an apartment, and was not attending college. I read a lot about the student debt crisis many young people face …

In your late 50s or early 60s? Here's your perfect financial plan

If you’re in your fifties or early sixties you may be starting to think about retirement – and how to plan for it.<p>One of the most common dilemmas for people of this age is how to best fund your lifestyle once you have stopped work. The average age of people retiring from the workforce is currently …

8 Crucial Tips When Living On One Income

Most people would rather live on multiple sources of income than one source. However, life doesn’t always give us what we want. So, when it happens that you have to live on one income stream, how can you manage your resources and live comfortably within your means? There will be that day when …

4 Ideas For Earning Passive Income (and Why You Should)

Have you ever wished you could <b>earn extra money</b> without having to be at work? Isn’t that one of the best things about paid time off?Imagine being on …

Personal Finance

Want to Become Rich? Cultivate These 7 Habits

Wondering how to get wealthy? Here are the secrets.<p>Here's one of the most common and understandable questions many of us ask ourselves: "How do I get rich?"<p>There are two answers to this question. The first is to be born into money. The second, if it's too late for the first, is to become an …

How to Transfer Content from an iPad to a new Device

Every time you make the decision to update an older iPad and purchase a new one of your first considerations is how we you can seamlessly transfer your current data to a new device without fail. When approaching this process you have two choices in how to proceed. You can either use iCloud or …

The Average American Has This Much Saved for Retirement -- How Do You Compare?

Image source: www.aag.com.<p>Americans aren't doing a terrible job of saving for retirement, but we could be doing a lot better. One of the main goals of retirement should be financial comfort -- and you can't achieve that if you need to nickel-and-dime everything and are constantly in fear of running …

8 frugal habits that helped me become — and stay — a millionaire

There are approximately 35 million people who are millionaires in the world. As Robert J. Samuelson states so perfectly in The Washington Post, "That's about 5% of the U.S. adult population (241 million in 2014), or one in 20. Rarefied, yes; exclusive, no." Though the population numbers have gone …

Self-improvement

Even if you’ve got money, live like you’re broke

There’s a quote I often share with people that might just help you become a better money manager. “Rich people stay rich by living like they’re broke. Broke people stay broke by living like they’re rich,” the saying goes.<p>For all the media buzz about Kanye West’s Twitter rants claiming he’s deep in …

Read This Before You Take Social Security Benefits

Social Security provides the lion's share of most retirees' income during their golden years. It's critical to take your benefits at the time when they'll do you the most good. Before you make that key decision, you owe it to yourself to learn as much as you can about how the timing of when you …

What Retirement Savings Do You Have to Report on the FAFSA?

A reader asks whether retirement savings in a certain account are reportable on the Free Application for Federal Student Aid (FAFSA).<p><b>Q. My husband</b> …

5 Things You Should Never Buy With Your Credit Card

This post contains references to products from our advertisers. We may receive compensation when you click on links to those products. The content is …

Hey, Homeowners! These Little-Known Tax Deductions Can Save You Thousands

You probably already know that owning a home comes with some sweet tax benefits, like the mortgage-interest and property-tax deductions. But did you know there's a whole list of other homeowner-related tax breaks that you might be leaving on the table?<p>We're not talking chump change, either. …

I've been investing in real estate for 25 years, and I think buying a house is for suckers

People think the only way to save money is to buy a house. Suzy Orman thinks you have no way to earn any real money for yourself, so she advises you to buy a house as the only way to get your money. You will get your home paid off when you are old. Who wants to wait until they are old to have money?<p>…

Real Estate

7 toxic money habits you need to quit

Bad money habits can be exceptionally hard to break, whether they’re ingrained from your upbringing or stem from a lack of knowledge about personal …

Personal Finance

US students are missing out on billions in federal grants because they’re screwing up the forms

With college tuition costs in the US soaring, students need to grab every bit of free money they can get. Federal grants are an excellent source for that—but nearly 1.5 million Americans may be missing out on them.<p>As much as $2.7 billion in free federal grants went unclaimed in the 2014-’15 …

The Strange (But Effective) Way to Stick to Hard Goals

There’s a saying that you should never trust a skinny chef. By that logic, you should never trust an out of shape behavioral designer.<p>Over the past …

Beware: IRS Now Has Six Years To Audit Your Taxes, Up From Three

No one wants to be audited, so knowing how long your tax return can be attacked is important. The statute of limitations on taxes is a fundamental rule allowing taxpayers to eventually cut off their exposure. It can be pretty satisfying to say to the IRS, “sorry, you’re too late.” But this year, …

Finance

Tax Benefits And Strategies: Health Insurance For The Self-Employed

With the deadline for enrolling in a 2016 insurance plan through the Health Insurance Marketplace looming, I’ve heard from many of my self-employed clients and friends that are facing huge rate increases this year and others who are choosing to go without insurance because the penalty is less than …

Obama proposes new unemployment insurance plan

WASHINGTON (AP) — President Barack Obama on Saturday proposed changes to the U.S. unemployment insurance system that he says would offer more …

Unemployment

10 Red Flags That Signal You’re in Big Financial Trouble

People routinely ignore the warning signs that their financial situation is about to collapse.<p>One of my favorite television shows is National …

7 reasons your financial life is a mess

Are you struggling to get a hold on your finances? See how to fix some common pitfalls.<p>While there are some who breathe the rarified air of having …

The Fastest Way To Achieve Success Is To First Help Others Succeed

Without a doubt, the fastest way to achieve success is to first help others succeed. Yet, there seems to be a belief in the business world that the only way to get ahead is to only watch out for ‘number one’. That is simply not the case. Brian Tracy explained it best when he said, “Successful …

How This Couple Retired In Their 30s To Travel The World – Page 3

<b>11. Max out tax-advantaged accounts</b><p>Uncle Sam wants you to retire early, and the tax laws are structured in a way to reward you handsomely for saving and investing.<p>Depending on your company match rules, funds put into a 401(k) or 403(b) can yield an immediate 50%+ return on investment, and …

IRS Ups Deduction vs. Depreciation to $2,500 for Computers, Phones - Small Business Trends

The Internal Revenue Service has increased the amount small businesses can expense versus depreciate on their taxes each year. It’s a change that …

An entrepreneur who built a 7-figure business says the smartest thing to do with your money is a habit you can start building today

The good news is <i>anyone</i> can put money aside and let it accumulate.<p>You don't need to be rich to invest— it's a concept that personal finance experts have been preaching for nearly a century, and is just as relevant today.<p>"Money comes to you when you are ready for it," explains entrepreneur Lewis …

Retirement

3 key things that separate a leader from a manager

Having an applied universal system in which all members can follow and abide by is a great way to uphold standards, increase accountability and promote unity.<p>You need people whose responsibility is carrying out these systems and assuring that they are implemented properly.<p>Throughout time, these …

Team Building