In a time as this, the global pandemic necessitates business owners having very sound financial management. This needs no reiteration. Many make mistakes of having inadequate rainy day fund and also having poor insurance plan.
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The only reliable means of stable finance is by having an investment. The biggest mistake of finance is spending all of one's income on things than cannot bring or yield any profit.For me it will be not Investing Appropriately - If you simply keep your cash in reserve/savings bank account, you are not investing you are doing the opposite. Your saved Money will lose its value and become worthless due to rise in inflation.
It's better you invest your Money into Profitable and low Risk Businesses and keep your money flowing beating inflation and making your money more worthy.
I can say new start of bussines or work company has to borrow money (via debt or equity, see Shark Tank) in order to acquire the necessary assets to run the business. The same logic applies to student loans – you are incurring liability with a student loan in order to acquire an asset, which is your education. However, if that education doesn’t yield a job that pays enough to cover your living expenses and the student loan payments (interest expenses), you’re unlikely to pay down the loan, which becomes a permanent liability on your balance sheet. In other words, the company will never be profitable.For me it will be not Investing Appropriately - If you simply keep your cash in reserve/savings bank account, you are not investing you are doing the opposite. Your saved Money will lose its value and become worthless due to rise in inflation.
It's better you invest your Money into Profitable and low Risk Businesses and keep your money flowing beating inflation and making your money more worthy.
The personal finance mistakes should everyone avoidFor me it will be not Investing Appropriately - If you simply keep your cash in reserve/savings bank account, you are not investing you are doing the opposite. Your saved Money will lose its value and become worthless due to rise in inflation.
It's better you invest your Money into Profitable and low Risk Businesses and keep your money flowing beating inflation and making your money more worthy.
When a CEO dies, his or her employees and team must — in the wake of their grief — introduce a new leader, adjust to change and continue to operate at the best of their ability. At the same time, they will likely attempt to preserve their late leader's legacy.For me it will be not Investing Appropriately - If you simply keep your cash in reserve/savings bank account, you are not investing you are doing the opposite. Your saved Money will lose its value and become worthless due to rise in inflation.
It's better you invest your Money into Profitable and low Risk Businesses and keep your money flowing beating inflation and making your money more worthy.
Before we invest we must make sure that the investment is worth it that its something we can benefit in future. For me personally my money don't get any value since i started saving it up with bank, so have decided to start saving it with cryptocurrenciesFor me it will be not Investing Appropriately - If you simply keep your cash in reserve/savings bank account, you are not investing you are doing the opposite. Your saved Money will lose its value and become worthless due to rise in inflation.
It's better you invest your Money into Profitable and low Risk Businesses and keep your money flowing beating inflation and making your money more worthy.
Yes not investing properly, frivolous spending, some people when they start making profit they begin living above their means which can make them go broke fast. Also living on borrowed money and poor purchasing decision.For me it will be not Investing Appropriately - If you simply keep your cash in reserve/savings bank account, you are not investing you are doing the opposite. Your saved Money will lose its value and become worthless due to rise in inflation.
It's better you invest your Money into Profitable and low Risk Businesses and keep your money flowing beating inflation and making your money more worthy.
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