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Return On Equity (ROE) Formula Made Easy

Return On Equity: Why Is It Important? Return on Equity is a simple concept to understand. Whether you’re a budding finance professional or a seasoned entrepreneur. The first thought that comes to mind when we talk about Return on Equity (ROE) is, how it affects present-day businesses. May it be a conglomerate...

Top 10 Ways To Help You Ensure Financial Security

People nowadays forget the importance of financial security. Financial Security is a state of financial independence in which you aren't worried about your income being enough to cover your expenses.  To help you deal with your finances, we listed the top 10 Ways to help you ensure Financial Security. Invest In...

Checking vs. Savings Account: What Are Their Differences?

In opening a bank account, checking vs savings account are two of the most common options. Each of these accounts has different features and benefits that will help you with growing your money and reaching financial stability. What are the differences then, between your checking vs savings account? Let us...

What You Need To Know About Liquid Net Worth

You might be familiar with net worth or a person's total value of assets, but are you also aware of liquid net worth? It is a more important measure to evaluate your financial health. Liquid net worth is key to determining one's financial security and achieving financial freedom. What Is...

How To Read Your Credit Card Statement

If you have ever received a credit card statement, you have probably been met with a several terms and long strings of numbers that can be quite confusing. These terms and numbers are all important to understand, as they play a role in the calculation of your total credit...

Are Joint Bank Accounts A Good Idea Or Bad News?

When couples get married, one of the big questions that usually arises is whether they should pool their money together in one account. A joint bank account can be a good idea for couples in different ways. For one, it is convenient for couples who share expenses. But what...

New Tax Brackets: What You Have To Pay

The Alternative Minimum Tax (AMT) was created in the 1960s to prevent high-income taxpayers from avoiding the individual income tax. This parallel tax income system requires high-income taxpayers to calculate their tax bill twice. The Internal Revenue Service has released the 2020 new Tax Brackets. There are seven federal tax brackets...

What Is The Highest Credit Score You Can Get?

Do you wonder what the highest credit score you can achieve is? By definition, a credit score refers to the statistical number evaluating your creditworthiness and probability of repaying your debts. It is also based on a consumer's credit history. The higher the credit score, the more financially trustworthy...

Is A Limited Company Better Than A Sole Trader?

Every business, whether big or small, needs a legal structure. It can either be a limited company or a sole trader. Approximately 3.4 million operate as sole traders, making it the most popular legal structure. Meanwhile, there are 1.9 million businesses operating as a limited company, making it the...

A Guide To The IRS Fresh Start Program

Accumulating tax debts can get the best of every struggling taxpayer. Thankfully, the IRS Fresh Start Program was created and made more accessible for people to pay back or settle their tax debts easily. With this guide, we will help you decide if this program is right for your tax...