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Good Financial Reads: Running a Business vs Creating a Job, Turn Financial Worry into Financial Success, and More

Good Financial Reads 12.04.15

Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.

Catch up on some of the latest posts with this week’s roundup:

 

Running a Business vs Creating a Job

by Aaron Hatch, Woven Capital 

Running a business is one of the ways those of us living the three-business-card life create a secure financial future for ourselves. It’s easier to earn more and create a lifestyle you love when you’re the boss. But as you take a look at the business you’ve created, it’s important to make sure you’re building a business and not just creating a job for yourself.

Creating your own job via self employment is often more fun than working a traditional 9 to 5, but it has many downsides. If you want to earn more, you have to work more. It’s too easy to overwork yourself in the pursuit of your financial goals.

[Read the Full Article]

 

How To Turn Financial Worry into Financial Success

by Brandon Marcott, Edify Financial Planning

No one likes to worry. It’s one of those feelings that you hate exists within you. Yet, we all do it. Often. To an alarming extent it would seem.

Worrying is so prevalent that anxiety disorder is the most common mental illness in the U.S. It affects 40 million adults…18% of the entire population. That’s crazy!

Not only is worry apparently an epidemic in this country, it’s also expensive. Anxiety disorders cost the U.S. more than $42 billion(!!!) each year, consisting of 1/3 of the entire mental health bill in this country.

[Read the Full Article]

 

How to Win Your Next Negotiation

by Cady North, North Financial Advisors

It’s sometimes hard to ask for what we truly want in a negotiation because we fear rejection. There’s also a common misconception that we have move outside our comfort zone to “play hardball” in order to get what we want. Negotiation involves a bit of art, but there are some ways you can increase your chances of success and feel more comfortable.

Maybe you’re considering taking a new job and you’re worried about whether you’ll be able to land the salary you wanted. Maybe you have an upcoming vendor negotiation to discuss service fees that have gotten out of control. For those of us who are self employed, these skills becomes even more important because we can use successful negotiating tactics to keep costs low as well as increase our revenue streams so that we can grow our businesses. Good negotiating will ensure you get paid what your time is worth, and help keep your finances in order.

[Read the Full Article]

 

5 Ways to Give a Great Gift This Holiday Season (That Won’t Break the Bank)

by Sophia Bera, Gen Y Planning

Ah, the holidays. The air is crisp, the mood is jolly, and the eggnog is flowing. There’s a lot to love about this time of year, but it’s also filled with the stress of finding that perfect gift for everyone on your list. Santa, you make this look easy.

Forget just finding those gifts — you also have to pay for them! There is so much pressure to make the holidays magical, especially for parents of young children. According to the recent “Parents, Kids & Money” survey conducted by T. Rowe Price, more than half of parents with kids between the ages of 8 and 14 said they spent too much on gifts last year. A small minority even tapped into their retirement or emergency savings for holiday purchases! Spoiler alert: Don’t ever do that. There is no “it” toy that’s worth sacrificing your family’s financial security.

[Read the Full Article]