Category Archives: Fast Reads

Saving Money in Your Startup

So you’re thinking about starting a business. Congrats! Now what? Odds are good that if you’re starting a business, you’re a “solopreneur” — meaning it’s just you, and you’ve got some questions about what to do next.

Whether it’s your first startup or you’ve been down this path before, identifying and accessing key resources — both online and offline — will save you money when you launch your business. Today’s post will explore money-saving tools, software, and practices to help you launch your startup in a cost-efficient manner. Ultimately you will have to assess your own business and financial resources to decide what is best for your situation.

So how do you set up a business correctly and get the wheels turning with limited capital and resources?

Women make better leaders, new data suggest

Gallup data suggest that female bosses tend to be more engaged than their male counterparts, although only one-third of worki -More

SmartBrief on Leadership

Insurance Ads: Trick or Treat?

Allstate's 'Mayhem' character

Insurance isn’t a product you can see or touch, so insurers sell memorable characters — such as Allstate’s ‘Mayhem.’

Nine Strategies for Cultivating a Mindset of Financial Independence

As I’ve stated many times, Sarah and I have a central goal of financial independence at the earliest possible age. Financial independence, to us, means that the requirement of money in exchange for our work becomes entirely optional, leaving us to choose options for our work based entirely on our own skills and personal joy. Considering our twenties were disastrous from a financial standpoint, we’re aiming to be able to achieve this goal in our mid-forties or so – a decade down the road, if all goes well.

The biggest challenge of adopting such an enormous goal is that the only way to actually achieve it is to change your mindset. That enormous goal needs to underline how you look at the world and the decisions you make.

That can be a difficult transition. When you commit to saving a major portion of your household income each year, you’re choosing to live in a way that’s likely significantly different than how you were raised and also significantly different than how the vast majority of Americans live.

The Panic Button

On September 18, the S&P 500 closed the day at 2,011.36. As of my writing, the S&P 500 sits at 1,864.84. In other words, the S&P 500 has lost 7.3% of its value in less than a month.

Let’s put that in dollars and cents.

Let’s say that on September 18, I had $ 100,000 in my retirement account invested in a stock mutual fund that’s made up of something very similar to the S&P 500. This is pretty typical for people who are saving hard for their retirement.

Right now, that investment is only worth $ 92,715.38. $ 7,284.62 has vanished into thin air.

Facebook and Apple to pay staffers who freeze their eggs

Women working at Apple and Facebook now have access to up to $ 20,000 in coverage for egg-freezing services.  -More

SmartBrief on Leadership

The Missing Ingredient for Change

I’ve had a lot of successes in changing my life for the better. Over the course of approximately five and a half years, Sarah and I managed to pay off three student loans, three car loans, four nearly-maxed-out credit cards, and a full home mortgage, moving ourselves from financial disaster to complete debt freedom. I essentially built a new career for myself out of whole cloth, too, practically making my own job up along the way. I switched from a meat-heavy diet to a vegetarian diet (with rare fish consumption).

At the same time, I’ve had a ton of failures along the way. I’ve failed at many of my personal fitness goals. I’ve failed repeatedly to write a novel that I felt was publishable. I’ve failed in countless other things, too.

When I look back at my own successes and failures, I can’t help but ask myself what the difference is between the successes and failures. Why did I succeed at some things and fail at other things?