I have a confession: I read “Fifty Shades of Grey.” All of it. And before you judge me, you should know that even if you haven’t read it, chances are many of your neighbors, co-workers, and family members have. For all the terrible reviews it got, the series (yes, there are three books) sold 70 million copies worldwide. Statistics don’t lie, people.
At any rate, I read this book not for the fantasy, not to get to know the ins and outs of what everyone else was talking about (and there were a lot of ins and outs in this book). No, I read it strictly in search of financial lessons. I’m really that professional. It’s just the way I roll.
Or at least that’s my story, and I’m sticking to it.
So, without further ado, check out four financial lessons you can learn from “Fifty Shades” in my new post on WiseBread. Because that’s what you were reading it for too… right?
If you’re an investor, you probably have a pretty good idea of what to look for in a company. You want strong income, good cash flow, a solid balance sheet, and as little debt as possible. Those are things that not only help to create a profit, but maintain one.
Here’s a funny fact, though: Many investors fail to apply the same kind of critical eye to their own bank balances. In fact, according to the CFP Board in the U.S., Certified Financial Planners have been filing for bankruptcy in increasing numbers over the past few years. Of course, that’s true of much of the population, but we kind of expect financial pros to know better, right?
In fact, if we applied the same standards we apply to the businesses we invest in to our own bankbooks, we would all be a lot richer for it. Find out why in my new post on GoldenGirlFinance.com.
Want to start your own business? Before you start hunting for that one great idea, the question to ask yourself might be “why”? If the answer is that you long to become fabulously rich, you’d better just slink back into your cubicle and call it a day. Research by Dr. Kathleen Vohs at the University of Minnesota has determined that not only is money a bad motivator, but that chasing it – as opposed to less tangible goals – can actually doom a business.
The reality is that starting a business is a real test of personal work ethic and internal fortitude, one that often doesn’t even deliver enough to make a living, let alone build an empire. Entrepreneurs who take that risk are able to do so precisely because they’re motivated by things other than money. But there’s some irony here in that those who fail to follow the money are more likely to find it in the end.
With that in mind, check out some signs that you have the right personality to propel a new business – and to profit from it – in my new article on GoldenGirlFinance.com.
There’s a bit of a divide between small business owners when it comes to technology; some jump at a new opportunity to leverage their business, while others eschew all things technical as fads. And to be fair, tech is full of fads. The problem is, even one-hit tech wonders can make a major impact before they fade from memory. And while many business owners see the Internet, social media and other tech tools as complicated and unnecessary, the reality is that it is exactly this type of innovation that can help small business owners leverage their oh-so-limited capital.
If you’re passionate about your line of business but puzzled about how new-fangled technologies fit in, check out these tech treats in my new article on GoldenGirlFinance.ca: http://bit.ly/UeQK5N