Don’t Fixate On Income When Investing

Everyone needs to save money for a rainy day. To achieve this, you can look at different ways to increase your income and boost your savings. One of the most popular ways to get additional income is investing.

Investing requires a certain degree of calculation and risk assessment. You need to understand the risks involved and employ the safest means to get a good return. With most people considering long term locking-in of capital too risky, they are increasingly investing in stocks and bonds that give a continuous stream of income. However, if you fixate on a portfolio that is not diversified enough in terms of cash flows that it generates, you may lose money in the long term. [Read more…]

Understanding Your Financial Situation

It would be great if all of us had a barometer to keep a check on our personal finances. But we don’t! So it becomes important to understand some key concepts that will help you assess your financial situation. This will give you insights into how stable your finances are and what you can do to improve the situation. Here are a few things you need to know: [Read more…]

Are You Living on the Edge of a Financial Disaster?

When I see people around me making huge expenses despite their mediocre income, I always worry about how close they are to a financial disaster. Although many people have become more conservative after the financial crisis, others simply refuse to learn. [Read more…]

Restrictions against Whistleblowers Pursuing Cases for Financial Benefits

Whistleblower lawsuits will no longer be a source of easy income for those who regularly scan published information for loopholes in government procedures and accounts. A recent Supreme Court judgment has imposed limits on such cases if the information used for the lawsuit is collected from government sources. These cases are often used to uncover financial frauds. [Read more…]

Tips for Young Investors

If you are young, have just got on a new job and your income exceeds your basic expenses, you should start considering investment opportunities to save for the future. By starting early and making wise investment decisions, you will be able to grow your wealth and secure a safe financial future for yourself. [Read more…]

How to Manage Your Budget If You are Self Employed

Budgeting plays a very important role in managing your finances and ensuring that you do not face financial hardships. If you are self employed or if a large proportion of your earnings comes from commissions, then budgeting becomes critical because your income will be irregular. [Read more…]

IRS to Hold 1,000 Open Houses & Offers Assistance to Taxpayers in Distress

RS Commissioner Douglas Shulman has announced 1000 open houses at various venues across the country to allow distressed taxpayers to meet IRS officials and get a potential resolution to their tax troubles. The list of the venues and time of these open houses is given on the IRS website. [Read more…]