10 Property Investment Tips

There are many millionaires and billionaires across the globe that started off their investment journey through real estate. This makes it sensible that property is a sound investment that will rise in value over time and the reason why many people are busy trying to invest in properties. Just like any other business venture, investing blindly in real estate could easily turn into a newbie’s worst nightmare. One needs to study the market and the laws in order to figure out what will work best for the sort of investment that they wish to invest in. There are many real estate companies that offer property investment opportunities although one still has to be very careful with the company that they choose to invest in. in this article, we are going to take a look at 10 property investment tips.

10 Property Investment Tips
10 Property Investment Tips

Know your budget

One needs to have a budget to work with before they can invest in property. there are many sources of funds such as bank loans and savings. You should be able to know the borrowing limits and interest rates of the Banks if you intend to borrow. You also need to know for how long you will need to save before you can raise enough money to invest in the property.

Don’t underestimate ongoing costs

When making your property investment budget you should include miscellaneous funds for things like the rates, insurance, and any repairs that might need to be done on the property. Sometimes it is wiser to invest in replacing some of the old things with new ones to prevent costly maintenance in the future.

Buy in a growth area

An area that is growing is an area where there is a demand for housing. It would probably be best to invest in a property that is near public amenities such as schools and shopping malls since it will easily attract renters.

Be realistic about your investment goals

What type of investment are you after, long-term property ownership or fast capital growth? This is what will make you know where to source your property. at times it is better to go for a property due to the convenience and not the looks because the convenience might make it turn in faster profits, unlike a good looking property that could take quite some time to get a tenant.

Build sweat equity

You should be prepared to sweat it out as you renovate the property since paying a renovation company can be costly. The profit margin will, therefore, increase if you can get the renovations done yourself.

Look for functional and not luxury

This is a property that is for rental and the key features are clean and functional. You cannot buy a rental property due to the stylish interior because it might not be a good investment that will turn a profit.

Buy with your head, not your heart

Many people let emotions sway their decisions when they are buying properties, not knowing that it could turn into a nightmare. It is important to look at both the pros and the cons of any property before making the purchase.

Think carefully before negative gearing

In the event that the rent won’t be able to cover the loan repayments, you will need to make arrangements to pay the funds from another source. This is one of the reasons why I mentioned including emergency funds in the budget before buying the property.

Still paying off your own home?

You don’t have to wait until you finish paying for your home before deciding to buy an investment property as long as you’re comfortable with the debt and have everything under control.

Get a building inspection

Once you’ve purchased the property, you don’t want to incur costs that you hadn’t planned for. One of the best ways to avoid such things happening in the future, you might want to get a building inspection done on the building.

Rustic Calmness with French Country Window Treatments

In the event that you successfully purchase a property and even decide to move into it, it is only natural that you will want it looking good and being comfortable. There are many ways to make this become a reality and one of those is by using French country curtains. This is the reason why we are now going to feature them in this part of the article. French country window treatments are made in the image of the French country lifestyle, the idea brought about by the daily routine of a peasant. These window curtains are available in different patterns and even have picturesque depictions showing life in the farms, complete with animals. Below are some of the features of French country window treatments:

Toile Roman shades

‘Toile’ is a word derived from French, the main aim being to show off the tranquil pastoral living. It blends with other accessories in the house to make it look.

French country drapes

Mixing of fabrics was common in the rural communities of France, the fabric coming from all sorts of things such as old clothes, to form beautiful drapes in line with family ideals.

Decorative animal motifs

Animal motifs were used to decorate the drapes, showing how the French rural communities valued their environment. Some of the animals used as motifs were chicken and sheep.

Grain sack stripes

This is where plain, unbleached cotton was decorated ornamental lines to give it a better look.

Vibrant colors

Vibrant colors made the drapes look prettier, the color bringing life to the spaces.

Handmade curtains

Curtains were handmade as part of the French provincial design.


Valances could be put on brass or wooden curtain rails to add to the beauty of the room, and at times they could come with lacing.


Investing in a property is something that most people consider at some point in their lives and that makes it very important for them to follow some of the simple tips mentioned above. Things like the curtains mentioned above can be used to decorate the house, and especially the kitchen.

A Guide To Choosing Cat Trees

As a cat owner, you probably want the best for your cat as it is part of your family. Cats, just like humans needs a comfortable space. Cat trees are one of those things that your cat will appreciate and hence you need to choose the right one. As much as they are many in the market, not all of them are as nice and worth spending on. Some of the things to keep in mind to choose the right cat tree include:

A Guide To Choosing Cat Trees
A Guide To Choosing Cat Trees


When the quality of materials is high, then the cat tree will be durable and give you value for money. With a high-quality material, you will be sure that your cat will not be hurt while sharpening its claws. If your cat is large you cannot afford to risk and you will need real wood and something very sturdy. If you are shopping for a large cat you will also notice that screws are used as opposed to nails or just glue and the scratching post made from sisal.

Strength and stability

This is especially due to the fact that the primary function of the cat tree is to give your cat playing space. With a strong and sturdy cat tree you are sure that your cat will play as much as it wants without a risk of the cat tree tipping over. It is good to remember the taller the cat towers the less stable it is likely to be. If you need a very tall tower be prepared to get extra attachments to make it more stable.

Cat weight

As a pet owner you should choose a cat tree depending on the weight of your cat or the number of cats that will use the cat tree. The good thing is that if you are shopping for a large cat the weight limit will be indicated and hence you can easily get a cat trees for large cats that can sustain your large cat or cats. If it is not strong enough to handle the weight it may be a hazard to your cats.

Storage space

When you are shopping for a cat tree it is important to give consideration to the available space you have in your home. You cannot buy a very large cat tree when you don’t have sufficient storage. I you have a big cat or multiple cats you may need a lot of space and you need to think about where you will designate the cat tree before committing to buy.


This will be influenced by the cat that will be using it. If they are more or if it is a large of course you will have to go for a big size cat tree.

There are many cat trees in the market and now that you know what to look at, you can easily get the perfect one for your cat. They will all come at different prices depending on the quality build and price. Its up to you to compare and choose one that will best suit your needs.

How To Choose The Right Auto Insurance To Get Value for Money

Since there are many auto insurance policies in the market, you have to do your due diligence in order to get value for your money. Different insurance companies have different policies and premiums and so what is included in the cover may change from company to company. Some of the ways you can choose the right cover include:

How To Choose The Right Auto Insurance To Get Value for Money
How To Choose The Right Auto Insurance To Get Value for Money

Define your needs

Different people have different needs and what is best for ne person may not be necessarily the best for you. Your insurance cover will depend on your kind of car, your mileage and the minimum insurance needs for your state. The basic cover that is included in all auto insurances is liability insurance which is commonly defined as one-way insurance by most people. You have the option to add comprehension and collision coverage and you can dictate what amounts to be deducted.

Shopping for an insurance company

Choosing the right company goes a long way just as choosing the car insurance premium. The right company will depend on their financial strength and how they operate. There are companies that may have hidden charges or ones that are not prompt when it comes to compensation. Basically, looking at the price, you should also look at the satisfaction and the claims. It is good to find out prior how your credit score will give you a bargaining power when it comes to the premiums. You will have to look for as many companies as possible in your state then compare them in terms of their offerings and price then decide on what you think will give you value for money. When looking for an auto insurance don’t skip to look out for reviews as that will help you know the experiences of other companies with the companies.

Know if they offer any discounts

Depending on the company, there are many things that may make you qualify for discounts such as low mileage, good driver discounts, Student and retiree discounts, and winter storage discounts among many others. It is good to always ask.

Understand terms of your policy

Different policies have different terms and understanding them will be for your own good. There is nothing as bad as signing up for something you don’t really understand. You may for example thing you will be compensated for a certain thing while your policy does not cover it. Understanding your cover will help you get what you are paying for. It is also important to understand how to file a car insurance claim. It is so bad when you are caught up in an accident and you have no idea on even how to file a claim. There are also some companies that may take longer to compensate more than others.

Getting the right cover is all about insurance. For some companies, if its is a commercial vehicle it may have a different kind of cover. So, you should always ask for that. If for example you live in Florida be sure to ask for Florida Commercial Trucking Insurance Quotes.

How To Build Your Wealth With Email Marketing

With the internet, you can easily build your business and grow wealth. All you need is the right strategy and method. If you are in business already, it has probably dawned to you that marketing is the backbone of any business. When it is done right, then it is likely to be a success. There are many marketing methods with new ones coming up every day. One of the oldest and successful methods is email marketing. As much as many people are focused on social media marketing, email marketing is still reliable if the right strategy is used. You can still reach out to your target audience successfully and attain your goals. Some of the email marketing tools that you can use to successfully do email marketing include:

How To Build Your Wealth With Email Marketing
How To Build Your Wealth With Email Marketing

Mail Chimp

This is one of the most common email marketing tools that has been used for a long time. It can help you do statistics, communicate through mail and improve performance. Through the tool, you can do research as it gives you the option of sending out surveys. It has a clear dashboard that makes it seamless to manage campaigns, build your listing and manage your audience. It makes it possible to customize any campaign and know which methods are rewarding. To have a tracking option however you will have to incorporate Google Analytics or salesforce. You also have the option of integrating your social channels of choice.


This is also a versatile tool that has been used in market marketing. It gives you the option of testing your emails through traditional web clients or mobile devices. It can easily do testing as you have the option of testing more than 40 clients with just a click. With the tool, you can easily generate a test email and send it to you desired client. You can also do tracking of your mails by putting them through a landing page test. That can help you be more strategic in email marketing for better organic results.

Reach mail

Unlike other tools, reach mail is different as you can compare the performance of different email campaigns and easily identify which one works best. That will help you do more optimization. It gives you the ability to decide which of your subscribers will be used in testing the mail. The tool comes with many email templates which you can choose one. It also has advanced tracking that gives you specific numbers on the performance of your emails for example who clicked on your link and how long they spent reading your messages.

Target Hero

If you want a tool that is convenient and versatile with many features to run your campaigns, then Target hero is the right bet for you. Some of the features is has include: HTML, image hosting, editor among many others. You don’t have to worry if you don’t have a subscriber list as it will help you get that.

There are many email marketing tools and strategies that may be used, those are just but a few. To be a success, learn Miles email strategy here and you will be good to go.

How To Get Value For Money When It Comes To Gutter Cleaning

There’s no doubt that everyone wants to get value for money in everything that they do. When it comes to gutter cleaning, it is a very important step that unfortunately many home owners ignore and it ends up costing them much. To make sure that you have done gutter cleaning properly and get value for money, you will have to look for a proper company. With professionals you are sure that you will get a good job done. Some of the factors to consider when looking for a gutter cleaning company includes:

How To Get Value For Money When It Comes To Gutter Cleaning
How To Get Value For Money When It Comes To Gutter Cleaning


It is better to go for a company that has more experience. As a rule of thumb, look for a company that has a physical location and has been in operation for at least two years. If it has a physical location, it is much easier to find the reputation of the company. Most of the time you will find gutter cleaning companies without a physical location as many opt to operate remotely. A serious company should have a physical location.

Kind of services offered

As much as gutter cleaning companies should offer the same service, it is not actually the same. The style of operation differs from company to company. For instance, there are those that use gutter robots for their cleaning. It is therefore important to ask about the gutter cleaning methods and tools used just to be sure. There are some styles used, such as robots that are not very effective. Apart from the method and tools used, it is good to ask about the duration of time taken to complete the job and how many people will be working on it. When it comes to the people involved, the more they will be the higher it will cost.


It is good to work with a company that is insured since gutter cleaning can get dangerous and accidents do happen sometimes. Good thing with working with an insured company is that in case of any accidents or injuries the company is liable. Just to be on the safe side as for proof of insurance such as certificate of insurance and check to confirm the legibility.


If a company is sure about the quality of their work, they should be able to guarantee you or offer you a warranty. A good company should offer a guarantee for up to two months. It can not be longer than that since there are chances of dirt buildup.


In the internet age, it is very much easy to know the reputation of a company. There are sites that specifically deal with reviews and from there you can get to know the experience of other customers with the same company. That will help you know what to expect.


As much as quality is more important than price, knowing the cost of gutter cleaning is more important. Of course, companies will charge differently depending on their pricing policies.

Wealth and Education Shape Our Taste in Music

Wealth and education play an important role in the type of music that we listen to. As a matter of fact, our social class can determine the sort of music that we listen to. This is according to research by the University of Colombia. People that are rich and educated have completely different tastes of music from those that are poor and uneducated. You will find that the high class are represented by music like jazz and classical music, while those that are poor and uneducated are more likely to listen to country, heavy metal, or easy listening. Chances are very high that they will reject jazz and classical music. Similarly, the rich are most likely to reject music favored by the poor.

Sociologists are actually arguing over whether there will ever be cultural elites that will sample music from all genres and appreciating them, instead of making a hard stance decision based on their social standing. This is a person that will enjoy music listened to by both the elite and poor.

Wealth and Education Shape Our Taste in Music
Wealth and Education Shape Our Taste in Music

A survey in Vancouver and Toronto showed that chances of having musical omnivores were close to nil, since most people interviewed identified elite forms of music like blues, folk, jazz and musical theatre as their favorites, while easy listening, new age and heavy metal. This means that social classes still determine musical tastes even though all the music is accessible.

This is probably because of the upbringing kids got from parents and teachers regarding all socio-economic classes exposure to classical music and opera. You won’t find rich kids in dangerous neighborhoods listening to explicit hip hop and rap. With the emergence of the internet, people have access to all sorts of music at roughly the same price and yet the social class patterns still exist. People are influenced by what their peers listen to, and worst of all, they reject what their peers reject.

LJ Hutchen Bb Trumpet Review

Getting children to appreciate music from an early age is important. One of the best ways of doing this is by letting them learn how to play music instruments. One of the easiest instruments to kick start your kid’s music instrument learning process is the LJ Hutchen Bb Trumpet, whose review we are now going to do.

This affordable trumpet features professional measurements for its bell and bore, ensuring professional sound output. It also features a lacquer finish and rose brass pipe, for sound enhancement. It comes with a braced tuning slide for better alignment while playing.


  • Professional bell and bore size for ideal sound, resonance, and intonation
  • Clear lacquer finish with rose brass lead pipe for full, clear tone
  • Braced tuning slide to maintain alignment
  • Stainless steel valves for consistent performance and prevention against corrosion
  • Also includes: Plush lined hard case, Yamaha valve oil, Standard size 7C mouthpiece, 2-year warranty


Wealth and education still play a major role in deciding what sort of music people listen to. There is a clear line between the rich, educated folks, and the poor, uneducated people.

Smoke Cooking The Best Food to Serve At Corporate Events

If you want a corporate event to go off without a hitch then you need a few basic elements; Great drinks, good music, good entertainment and above all – good food.  Good food puts people in a good mood.  Everyone likes to sample yummy treats and delicacies that they don’t get in your average fridge or restaurant.  Great tasting food fills the belly, warms the heart and gives everyone something interesting to do at your corporate events.

But getting your hands of great tasting foods for these events isn’t always an easy task.  Most caterers and especially stores only serve those watered down platters with foods that mostly consist of dough and meats that all have the same flavorless taste.

If you are tired of these tasteless foods then perhaps it is time for your company to give DIY food prep sessions a try and one of the best foods you can possibly cook for your staff and guests is smoked meats.

Smoke Cooking The Best Food to Serve At Corporate Events
Smoke Cooking The Best Food to Serve At Corporate Events

Everyone loves the smoky aroma of smoked meats and the perfect smoky sausages, cold meats, burgers or smoked fish will certainly be a welcome treat for anyone attending.

What You Need For Preparing Your Own Smoked Meats

Preparing smoked meats isn’t as challenging as you might think, especially if you have a terrific digital electric smoke cooker.  A 30” smoke cooker has sufficient space for preparing up to 4 pork buts or 8 chickens at the same time which is pretty much enough for a pretty big corporate event.  Smoke cookers are pretty easy to use.  You simply add wood chips to your smoker, allow it to come to heat, add your meats and monitor the duration your meats are in the smoker.  Different types of meats require different prep timeframes and different temperature settings and it might be wise to scan a few recipes before you give this fun cooking event a try.

You will also need the best wood pellets for smoking because this will ensure a good internal smoker temperature and will enhance the smoky aroma of your smoked foods.

Best Meats for Smoke Cooking

You can smoke cook just about any type of meat under the sun as well as various other foods such as vegetables.  But many do believe that some meats just taste better smoked than others.  Here are the top best meats to smoke for corporate events;

Pork ribs – Everyone loves pork ribs, especially if they are smoked to perfection

Whole turkey – A whole smoked turkey is a perfect treat to serve at a corporate Christmas dinner.

Brisket – Smoked brisket is divine, especially since you can combine it with other foods such as burgers or fine bread so easily.

Pork butt – Pork shoulder I one of the easiest meats to smoke which also makes it the best for first-time smokers.

Salmon – If you fancy a seafood menu then you should definitely consider salmon since it is one of the best fish types for smoking

Sausages – Sausages from mini to Russian are all terrific for smoking and an easy snack to serve at your corporate events.

Tips to Use Your Wealth Wisely

Earning money is not easy. You have to have certain qualifications and skills to be able to beat the competition. The competition is increasing every day. You always need to be on top of your game if you truly want to become richer.

Although knowing how to get rich is important, it is even more vital to know about the ways to use your wealth wisely. You work so hard to earn this wealth and if you just throw it away, you will regret it. This article can help you in understanding how to use your wealth in a smart way.

Tips to Use Your Wealth Wisely
Tips to Use Your Wealth Wisely

Spend Less To Get More

As technology has increased and led to more companies producing the same items, you now have many options to choose from. For example, if you have small kids, you can buy the Owlet Baby Monitor. This monitor is not like the other gadgets available in the market that record your baby’s sounds and provides you with a visual display to keep a check on your child. This is a medical instrument that is designed in the shape of a sock.

You can put the sock on the child and no matter where you are, you will get updates on the oxygen level and heart rate. The alternative for this would be to buy a video monitor, a separate oxygen monitoring machine, a heart checking machine, and most probably a babysitter who can run all these things.

Your total cost will increase considerably. If you are wise in your spending, you will buy the Owlet baby monitor and make your work easier. Similarly, there are many other things which can cost you so much less and provide you with the same quality. You just need to know where to look.

Research Before Buying

One of the best and easiest ways to save money is to first research on the thing you want to buy. The internet is a place where you will get information on anything for free. This information is very useful when you want to compare prices and learn the technicalities of the items. There are many brands which provide the same quality things as their competitors but because of their marketing strategies and advertisements, customers think they are choosing the better option.

They are more expensive and you are just wasting your money. Once you start searching, you will also come across so many things you never knew about. The world is full of alternatives. Just pick the one that is the best fit for you and also saves you money. Your wealth is not a joke.

Never Overspend

Overspending does not mean that you do not spend money at all. You should not be selfish with your money. You earned so much and if you just want to keep it in a locker, you are wasting your wealth. However, if you do have a lot of money, this does not mean that you can spend it anywhere.

You need to set a limit for yourself and if you ever feel like you are crossing that limit, then you need to stop. Overspending is the worst decision that has led to so many people losing their savings. As mentioned before, if you can get the same thing for a less cost, choose it. There is no point in going after a brand name only because it is popular and your friends use it too. Be wise.

Why Health and Wisdom are Necessary for Building Wealth

Ben Franklin is often credited as being the first to say that “early to bed and early to rise, makes a man healthy, wealthy, and wise.” Though Franklin’s publication of this proverb in his Poor Richard’s Almanack made it famous, the saying itself dates to at least 1639 and is probably much older than that. At its core, this proverb promotes a simple wisdom about the interconnection between wealth and well-being.

There are few areas of human endeavor where Darwin’s survival of the fittest is as obvious as it is in investing and the pursuit of wealth. To succeed in the dog-eat-dog world of finance, it is critical that you perform at your peak, both physically and mentally. If you want to build wealth, start by ensuring that your body and mind are optimally tuned. Here are a few tips not just to help you reach peak physical and mental fitness, but to give you a taste of what may be possible in the future.

Sleep Adequately

There is a good reason that Franklin advises us to go to bed early. Sleep is the single biggest predictor of cognitive and physical performance. Research shows that sleep deprivation affects memory, decision-making, and our ability to focus. Ensure that you not only get adequate sleep, but that it is restful sleep. You should wake up refreshed and ready to tackle the day. If you don’t feel refreshed after a good night’s sleep, talk to your doctor about sleep apnea and other conditions that can interfere with the quality of your sleep.

Physical Health Boosts Cognitive Performance

Get regular physical exercise if you want to achieve peak mental performance. Multiple studies find that being physically fit improves the function of your brain. It does so by boosting blood flow, lowering levels of stress hormones that interfere with thinking, and improving the rate at which waste is removed from your brain.

As it turns out, the benefits of physical exercise on mental performance are long-lived. Some studies indicate that exercise can have effects on the brain that can last for decades, if not longer, by boosting the growth of neurons and improving both the quality and quantity of connections between brain regions. In short, physical exercise makes your brain bigger and the effects can last for a long time.

Interestingly, physically active people repot better sleep than their more sedentary counterparts. Better sleep is another one of the benefits of being active. Start building your mental fitness by getting good sleep, but understand that there is no chicken-and-egg conundrum here. You really need to engage in both because they complement and enhance one another. Physical fitness improves the quality of your sleep while adequate rest improves you physical fitness. Talk about a synergy.

Make it Routine

If you really want to get physically fit, you don’t have to buy an expensive gym membership or commit yourself to running a marathon. Though these things can act as motivation to work out, the best way to ensure that you stay active is to make it a routine part of your day. In fact, it is a good idea not to push too hard when beginning a fitness routine so that you don’t burned out. Focus less on intensity and gains early on in favor of making the habit your priority.As an added benefit, building the physical fitness habit, or any habit for that matter, trains your brain to be more focused and disciplined. It is just one of the many ways in which physical and mental fitness are interconnected.

Make Science Work for You

Fifty years ago, no one knew that exercise was good for your brain or that butter was bad for your heart. If you want to stay at your physical and mental peak, keep up with the latest science and breakthroughs in the medical field so that you can capitalize on new research. It will not only give you an advantage in terms of health, it just might turn you on to some budding pharmaceutical and technological investments that will pay off handsomely in the future.

Semax peptide is being researched to improve brain function.

By way of example, consider the recent animal research into peptides (short proteins) like Semax. These studies have found that Semax boosts levels of certain proteins in the brain, improving nerve cell growth and making connections between brain regions more robust. Semax appears to alter genes in the brain, leading to long-term changes in brain structure that could help to cement gains from improved sleep and physical fitness. In the future, this research may prove fruitful in boosting brain function and recovery following injury.

You can learn more about Semax here

Semax has not yet been approved by the FDA for human use. The peptide is still being researched.

Wisdom Is Critical to Financial Success

Being smart and healthy is just the beginning of the proverb though. If you really want to achieve your life goals, you need to hone your skills into practical wisdom. To do that, read often and read widely, debate topics with people who hold opposite viewpoints, and travel as much as possible. Doing these things transforms raw knowledge and fitness into useful thought processes. It will expand your mind, reduce biased thinking, and open your eyes to the possibilities that life holds. In short, be like Ben Franklin, a classic “Renaissance man.” He had his hands in a lot of different things, which made him savvy, educated, and ultimately wise.

Take On These Money Habits to Increase Your Wealth!

You are on a successful path if you know how to master your money and you can do this by establishing a few constructive habits. In this competitive world, you need to catch up with vast finance knowledge. You would find a hundred pieces of advice on managing your business money but not all of them can be the best fit for your venture. It is quite tricky to pick a tactic that is a perfect fit.

Keeping the personal and professional fiscal matters in shape can be possible if you adopt the following money habits.

Take On These Money Habits to Increase Your Wealth!
Take On These Money Habits to Increase Your Wealth!

Systematize your finances:

If you haven’t automated your finances yet, do it right away. You can build the wealth effortlessly by doing this. It is better to take the services of experts on this. You might not have enough information on digitalizing your money data. Bookkeeping experts like Amanda make it easy for you to handle the records from anywhere in this world. You are a triumphant businessman if you know where your business stands. Amanda Mckenzie, based in Alexandria, has all the knowledge to keep your monetary system on track. She provides MYOB, Quickbooks, and Xero bookkeeping services redfern, Zetland, Waterloo, botany, and Alexandria.

The services Irena’s Bookkeeping has to offer are matchless. Their expertise in the field is second to none. Many businesses have been utilizing their services and getting a money-system without any fuss. They would not let your bookkeeping system outdated. You can count on Irena’s bookkeeping for best services.

The experts would work for you onsite and offsite to run and maintain your records. You have access to your data anytime and anywhere. You can have chat with them directly to know more about it. They have dropped the contact number on their website.

Holding excess capital in the business is not wise:

As experts say, diversification is critical for the expansion of money. If you have excess capital, invest it somewhere. Diversification leads you towards success. When you are holding excess cash, you are definitely not making a good use of capital. You can invest the spare money where the risk is different from your own business.

Stay Liquid:

Being able to tackle the situation in time is a sign of a successful businessman. Long-term survival of your business totally depends on how you handle a storm. Keep liquid reserves of at least 6 months of your expenses at all time. Make sure you have protection plans for bad times such as disability and health insurance. You can use an insurance policy to borrow in need.

Take Advantage of tax Pass-through:

The tax code has been changed recently that allows small businesses to avail 20% tax deduction. Don’t be heedless about the amount of tax you pay every year. Always get the advice a tax professional so that you only pay the amount that is required, not more than that. Also, get benefitted with tax-advantaged retirement plans such as IRAs and self-employed 401(k) s.

Your personal finances are the same as the business finances:

Treat your personal expense like you treat your business expenses such as making income statements, cash flow statements, and balance sheet. It gets easier for you to manage your expenses and increase your savings.

You can invest your personal savings in some retirement programme to keep your life stable even when you grow old. Troubles in personal finances can lead to troubles in business.

Pay yourself first:

Make a rule of your business that you pay yourself first and avoid investing ALL your money in business.