As a small business owner, understanding how to manage your finances is essential for success. Knowing the basics of financial management, including setting up a business bank account, understanding the three basic financial statements and setting up a business credit score, is an essential step towards achieving financial stability. Additionally, managing cash flow, reducing overspending,…
Are you feeling unfulfilled in your job? Do you have a passion that is not a part of your current position? If so, it may be time to consider starting your own business. Entrepreneurship can be incredibly rewarding, but it also carries risks and requires extensive planning and preparation. In this article, we’ll discuss the…
Are you tired of the same old 9-5 job in the corporate world? Are you looking for a career that offers more security and independence than your current one? If so, entrepreneurship might be the perfect option for you. With the rise of the digital economy, more people are turning to self-employment as an alternative…
While the US has not yet declared a recession, there is a significant expectation for one in the near future. This anticipation has already caused a sizeable drop in asset prices, such as US stocks (S&P 500) falling by 18% in 2022 and national real estate (Case-Shiller index) decreasing by 5% since its peak in…
Central banks’ efforts to save the global economy during the Covid-19 pandemic crisis have created an artificially strong economy, sky high inflation and asset price bubble. To fix these issues, central banks must now act quickly to reverse their simulative monetary and fiscal policies. However, so far they have been too slow to act. From…
Don’t take it too personally If you invest in stocks or have a retirement plan, you are very likely to have lost some money this year at least on paper. These losses in the market feel painful, but they are almost inevitable. Remind yourself that you are not alone as many others are also suffering…
The US economy has been on a roller coaster ride in the past two years. While the Covid-19 virus has shut down a large part of our economy and has caused high unemployment rates in many service sectors, the US government’s massive fiscal and monetary stimulus response also brought on the fastest economic recovery in…
It seems like every year our weather is getting more extreme. Last week, the Pacific Northwest experienced record-breaking 110 degree weather. Last winter, Texas experienced a major snow storm that caused an electric grid failure and widespread power outage for around 10 million people over several freezing days. Worldwide, heatwaves and snowstorms have become more…
Covid-19’s impact on the economy and society While several Covid-19 vaccines have been approved globally, we believe that their mass production and distribution will take many months and it will likely take the whole year of 2021 before most of the world population are vaccinated. There is also a risk that the current Covid-19 virus…
The coronavirus pandemic has turned our world upside down in the past few months. We have entered a new normal where many of our social and work activities have shifted online. We feel fortunate that global technology has developed rapidly in recent years so the world can continue its basic function under the current social…
