Paul Herd - Things That a New Small Business Owner Must Expect

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Paul Herd | Basics of an Emergency Fund

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  Paul Herd | Nobody can predict when an emergency will happen. An emergency could be anything from your air conditioning unit at your house going out to breaking your foot and needing surgery. No matter what the emergency is, it will cost you money to fix. An emergency fund is an amount of money set aside to pay for any emergency that happens in life. If you do not have money set aside in an easily accessible account, emergencies can cause stress, debt, and sometimes even foreclosure or eviction. Do not fall prey to the thought that you can cash flow emergencies. What happens if you lose your job and your car breaks down at the same time? Paul Herd | How much? When determining the size of your emergency fund, you want to think of the worst emergency that could possibly happen to you: losing your job. Therefore, a general rule of thumb for an emergency fund is to save between three to six months of expenses. To figure out your monthly expenses, add up all of your unavoidable mont...
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Paul Herd | Understanding 5 Investment Possibilities And Choices

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  Paul Herd — Each of us, have several options, and alternatives, when it comes to our decisions, rega r ding, choosing how we invest our monies, and, why we choose, one vehicle, over another! Although, there are quite a number of possibilities, the most — often, used, are: the bank; US Treasury obligations; Municipal Bonds; Corporate Bonds; and, Mutual funds/ Individual stocks. The purpose of this article is not to provide investment advice, but, rather, to attempt to clarify, the differences, possibilities, etc. It’s your hard — earned money, so the more you know, and understand, the better, you might be capable of, making the wisest, personal decisions. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, these 5 choices, and the most, significant impacts.   1. Bank: Some feel most comfortable, putting their funds, in the bank, for a number of reasons. One of the most significant is, their personal comfort zone, as...
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Paul Herd | Personal Financial Planning: 5 Keys

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  Paul Herd — Although, some,might, believe, there is, and, for a short — period, it may appear, to be so, there is no such thing, as a sure — thing, when it comes to the best approach, and strategy, to maximize our personal financial planning! After many decades, of involvement, in a variety of related activities, from, running businesses (of various sizes), to providing financial planning/ advice, to individuals, from many walks — of — life, and financial status, I have often, pondered, what might make most of us, maximize the possibilities, for success, in this important area. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 5 keys, to consider, when making these types of decisions, and determining, the best path, for you. 1. Know your overall financial goals: What may be, a great solution, for others, may not be the best course of action, for you! Before, making any significant decisions, give yourself, a check — u...
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