Let’s dig deeper into the rule and find out why it works and how you can use it to calculate your ideal retirement savings amount. How Does the 25x Rule Work? In truth, there’s no way to predict the exact amount of money you’ll need to have in stashed away in a savings account by the time you’re ready to leave the workforce for good. But that doesn’t mean you can’t come up with a target number....
So how do you choose whether to work in the private or public sector? Like any decision, there are both pros and cons to consider when it comes to government jobs. What Is a Government Job? A government job is one where you work for a government entity. This might be at the federal, state, county, or municipal level. You might serve the people, you might serve the government, but in most cases, you’ll serve both....
There’s no one-size-fits-all solution for surviving on an unemployment budget. But there are some effective strategies for how to spend your benefits, how to adjust your budget, and which expenses you should prioritize. How Unemployment Benefits Work The U.S. Department of Labor oversees the unemployment insurance system, but each state administers its own program, sets its own rules, and provides most of the funding. A typical state unemployment program will replace about half your average wages for up to 26 weeks during ordinary times, but benefits can vary widely....
With this trend in mind, it’s no surprise that the film industry is finding crowdfunding to be another channel to raise money. Film financing is not unlike raising money for startups: Few make money, but the ones that do succeed in making a blockbuster make their financiers and producers a lot of money. Whether you’re an aspiring producer of a new film who needs a way to bankroll your dreams or a (first-time) backer of such films, here’s a list and description of the top crowdfunding sites for film finance....
What Happens to Your Credit When You Marry First, the good news. In most cases, nothing will happen to your credit after you exchange your “I dos.” You and your spouse will each continue to have separate credit reports containing your credit histories. Your spouse’s credit history won’t appear on your credit report. Neither will your information appear on theirs. So, if your spouse has a negative credit history, no one will ever know that by looking at your credit report....
Be sure to consider all the factors carefully when you’re thinking about handing in your resignation and weigh the pros and cons of your reasons for moving on. You Fought With Your Boss or Co-Worker If you have a conflict at work that can’t be repaired—and that can happen—think strategically about the best way to move forward. Make sure you’re not making a rash decision. Explore ending on good terms so you get a positive reference....
No matter what early retirement looks like for you, here are the three steps you’ll want to take to make it a realistic possibility, or to prepare for a forced retirement that you may not expect. Decide How Old You Want to Be When You Retire To some, early retirement means age 45, and to others, it means age 60. Even five extra years can have a major impact on the amount of income you may need....
Buying a home in an unfamiliar area carries risks, and it can be scary. Real estate laws vary from state to state. Local customs can differ from one county to another. You don’t want to make a home-buying mistake or buy in the wrong neighborhood for you. Plus, if you have a home to sell in order to buy a home, you want the timing to be perfect. The last thing you want to have happen is to pull up to your new home with the moving truck and be unable move in because of some silly mistake....
However, if that isn’t an option, quitting over the phone or via email are alternatives. Read below to find out when it makes sense to quit over the phone, what to do before the conversation, and how to resign from a job over the phone. Reasons to Quit Your Job Over the Phone When you are quitting because you have a new position, timing can be quite tight: if you have a firm start date, and also want to provide two weeks notice, you may not have any wiggle room for when you provide your notice....
The average on a conventional 30-year fixed mortgage rose to 5.72% from 5.69% the previous business day. Earlier this month it vaulted to 6.19%, its highest point since at least 2019, and likely much farther back. (Our daily mortgage rate data only goes back to April 2021, but our data on yearly highs and lows date back to 2020, so we know rates weren’t higher in 2020, and if other measures are any indicator, may have hit their highest point in over a decade....
The average rate offered to homebuyers using a conventional 30-year fixed mortgage rose to 4.33% from 4.29% the previous business day. Last week it was 4.35%, the highest it’s been since 2020. The average for a 15-year fixed mortgage rose to 3.49% from 3.42% the previous business day. Last week it was 3.56%, also its high since 2020. Fixed mortgage rates tend to track the direction of 10-year Treasury yields, which usually rise with heightened inflation fears (and fall when those fears subside)....
The average rate offered to homebuyers using a conventional 30-year fixed mortgage—the most popular type of home loan—rose to 3.93% from 3.81% the previous business day, while the average for homeowners seeking to refinance jumped to 4.05% from 3.93% the previous business day. The average for a 15-year fixed mortgage rose to 3.07% from 2.94% the previous business day. None have been higher since 2020. Fixed mortgage rates tend to track the direction of 10-year Treasury yields, which usually rise with heightened inflation fears (and fall when those fears subside....
The average rate offered to homebuyers using a conventional 30-year fixed mortgage fell to 4.77% from 4.83% the previous business day, marking the first decline since March 4, when it was over a half percentage point lower. (Our daily mortgage rate data only goes back to April 2021, but our data on yearly highs and lows date back to 2020, so we know 4.83% was the highest the 30-year had been since before 2020....
Companies can behave in unexpected ways. Your employer may reorganize its structure or lay off workers for financial reasons. Management can shift, and employee responsibilities along with it. You could suddenly find yourself with a new boss who isn’t as pleasant to work for as your old supervisor. Or, your personal circumstances could change and make your current schedule unmanageable. There are even valid reasons to quit a job you love....
Health Savings Account Options: HSA, FSA, and HRA There are three types of tax-advantaged health savings accounts available to supplement health insurance coverage. You can deduct your contributions to these accounts on your taxes. A health savings account (HSA) is an account you own, and unused funds roll over from year to year. A flexible spending account (FSA) is an account you open through an employer, and some of the funds can be rolled over from year to year if your plan allows....
And whether you have a lot of money to promote your crowdfunding campaign or you’re running your crowdfunding campaign on a budget, it’s important to understand how the crowdfunding platforms like Kickstarter and Indiegogo charge you. Because no matter what, you’re going to end up pocketing less money than you raised and that can impact your bottom line (especially if you’re producing some type of physical product). Crowdfunding Business Model Rewards-based crowdfunding is one of the most popular forms of crowdfunding and one of the most profitable....
2 Methods of Accounts Receivable Financing Accounts receivable financing can be used as an alternative to bank financing. Commercial finance companies often offer accounts receivable financing to small businesses. Sometimes, commercial banks or other financial institutions will also offer accounts receivable financing. Interest rates are usually higher on this type of financing than on a traditional bank loan. There are two methods of accounts receivable financing: pledging and factoring. Pledging Accounts Receivable Pledging, or assigning, accounts receivable means that you essentially use your accounts receivable as collateral to obtain cash....
Does Anyone Know What Causes a Stock Market Crash? There’s been some research into the commonalities of stock market crashes. Scott Nations, author of The History of the United States in Five Crashes, says that the major stock market drops and modern-day crashes included: An over-valued marketA type of financial engineering or “contraption”An external catalyst, frequently unrelated to the stock market So, with these three things in mind, here’s what to look for before a stock market crash....
Get Your Point Across When we’re trying to get a point across to someone else we often think long and hard about what we want to say. That is the wrong way to go about it. Instead of focusing on what you want to say to get your point across, you should focus on what you want the other person to hear. Listen to What People Are Not Saying Many times what your employees do not say is as important as what they do say....
Accrual income is reported as gross income when: A business receives a payment Income is due to be paid to a business When a business earns revenueIf a title (on the property) is passed on to the business as part of a transaction In contrast, an accountant or bookkeeper can defer accrued expenses when: Services or property are provided to clients The business has recovered a liability Example of Accrued Revenue Accrued revenue is income that’s earned by the business but has yet to be billed to or received from the client or customer....
