Unlocking Your Business Potential
How do I add tradelines to my credit report? Ask a parent, relative, or close friend to add you to their account. This is a commonly recommended and handy way to add tradelines to your credit account with very low risk. Quite simply, credit accounts can often have more than one authorized user. Read more … Read more
How do you pay yourself when you’re self-employed? Sole proprietors and partners pay themselves simply by withdrawing cash from the business. Those personal withdrawals are counted as profit and are taxed at the end of the year. Set aside a percentage of earnings in a separate bank account throughout the year so you have money … Read more
What is considered a good debt? “”Good”” debt is defined as money owed for things that can help build wealth or increase income over time, such as student loans, mortgages or a business loan. “”Bad”” debt refers to things like credit cards or other consumer debt that do little to improve your financial outcome. Read … Read more
How much money do you need to live comfortably in Brazil? How much money do you need to live comfortably in Brazil? To live a comfortable life in Brazil, with going out and being able to put money into your savings, you need to earn at least $2100 USD/month, if not more. Read more on … Read more
Is 2000 A good credit limit? While there’s no magic number for the ideal credit utilization rate, financial experts generally recommend that you keep the rate no higher than 30%. Using the example of a $2,000 credit limit across all your credit cards, that means you should aim to carry a balance owed of no … Read more
How can I avoid paying my credit card annual fee? How to get your card’s annual fee waived Call your issuer. See if your issuer will waive the fee in exchange for card usage. Ask your issuer to match another offer. Ask to cancel. Use military benefits. Switch to a different card. Earn rewards to … Read more
Can I pay my mortgage from my business account? You can however, take out money from your business account for personal expenses. Sole Proprietor/LLC ? You can make multiple draws from your account as needed for cash flow, but do not pay your mortgage, or anything else, directly from the business checking account. Read more … Read more
How can I increase my cibil score quickly? How to Improve Your CIBIL Score Quickly? Repay Credit Card Dues on Time. Limit Credit Utilization. New Credit Cards. Keep a Check on Your Credit Report. Opt For Different Types of Credit. Increase your Credit Limits. Keep Old Debt on Your Report. Never Give a Hint of … Read more
How much should a 21 year old have saved? The general rule of thumb is that you should save 20% of your salary for retirement, emergencies, and long-term goals. By age 21, assuming you have worked full time earning the median salary for the equivalent of a year, you should have saved a little more … Read more
Can you pay your child 12000 a year? As long as your kids are doing legitimate work for your business you can hire your kids. As long as they’re doing legitimate work for your business, you can hire your kids and pay each of them up to $12,000 per year tax-free. It’s true. Read more … Read more