Much of the marketing advice today focuses on marketing to obtain new customers, which is full of excitement and challenges. While you should always be seeking new customers, what about your existing ones? What is most effective? New customers: It is especially important to market to new customers when you are just starting up and […]
Archives for April 2019
Is There a Link Between Strong, Healthy Relationships and Financial Success?
We don’t live in a vacuum. We are surrounded by family, friends, acquaintances, employees, bosses, clients/customers, colleagues, advisors, vendors, and everyone else. Financial success is not just all about you, but your support system. Let’s take a look: Family and friends: A common theme is to go to college, move out (possibly out of state), […]
Is Your House Really Considered an Asset or Just a Place to Live?
Is your house an asset? Some would say yes, and I am sure that some would say it’s actually a liability. Here are different ways of thinking about your house. Asset: Hopefully your house will appreciate in value over time, but this is not always the case. Because of the often high amount of leverage […]
Some Horrible Ways to Lower Your Tax Bill That are Not Recommended
I don’t think that I ever met anyone that likes to pay taxes. Everyone feels better when their taxes are paid in full with no outstanding balances, but not actually paying them. Sometimes this hatred of paying taxes can go too far and here are a few examples of what not to do: Understate your […]
What is all the Hype About Generating Passive Income? Here are Four Examples
I’m sure that you have seen YouTube commercials about generating passive income while lounging in a pool with your collection of high-end sports cars collecting dust in your oversized garage. Is this really practical and can you really generate massive amounts of passive income? The answer is yes and no . . . Passive income […]