Be Your Own Board of Directors. To make good decisions, you must know what you’re trying to achieve. In business, Board of Directors write mission statements to keep the company on track with goals. At home, it’s up to you to define your mission and make sure you’re fulfilling it by writing down your goals. Not just your financial goals either, but your “life” goals.
The United States Bureau of Labor Statistics (BLS) provides an company annnual report explaining how consumers spend their money. The information in the report is taken from data or interviews involving over 120 million households. The data for 2008 was released in October, 2009. The average for all the data collected showed 63.7% of take home money going into the three biggest areas of spending – food, housing, and transportation – what I call the three budget boulders.
If a collector contacts you regarding an old debt, you need to get all of the information right away. You may have lost the records or forgotten how much you owed in the first place. But don’t be surprised if the amount has ballooned as a result of years of compound interest.
When reporting an increase, it’s important to know that a company reports based on a comparison to the same time period last year. The 10% increase represents a 10% increase in profits from the first quarter of 2008 to the first quarter of 2009. During the first quarter of 2008, the company experienced a whopping $98 million in restructuring costs. This year the company did not experience those costs.
Every stock bares risk. Whether they are priced from $0.01 to $1000, or a micro-cap or a large-cap company. Barriers to entry and competition are high these days… Since a majority of penny stocks are young and small companies, its common for penny stocks to default under a competitive market.
Decide who will manage the project. Printers are big projects and need to be well managed. Whoever is in charge should create a production schedule. It can take months to complete the project, from start to finish. A financial audit is necessary; knowing when that will be done will help you determine when the annual will be finalized.
I must say, he was very intimidating. His hair was slicked back into a ponytail, he carried a metal brief case, and he wore a dark suit over a collarless shirt. The whole effect was very Miami Vice. Our libel lawyer, Barry Gibson, still laughs at how deferential I suddenly became.
Your new, lower debt-to-credit ratio will signal your credit worthiness to lenders, and soon your credit score will rise, and you will start receiving pre-approved credit offers in the mail.