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A financial plan is a document that outlines your current financial situation, your goals, and the strategies to achieve them. A financial plan can help you manage your money better, save for the future, and avoid financial pitfalls. A financial plan can also give you peace of mind and confidence in your financial decisions. But … Read more
Key takeaways Topic Summary Budgeting A budget is a plan for your income and expenses that helps you achieve your financial goals. You can use a spreadsheet, an app, or a simple pen and paper to track your income, expenses, savings, and debt payments. Saving Saving is setting aside money for future use, such as … Read more
Key Takeaways – Building your financial future starts with setting clear and realistic goals that align with your values and priorities. – The first step in setting financial goals is to assess your current financial situation, including your income, expenses, assets, liabilities, and net worth. – The next step is to identify your short-term, … Read more
Business development is the process of identifying, pursuing, and implementing growth opportunities for a business. It can involve expanding into new markets, developing new products or services, forming strategic partnerships, increasing customer loyalty, and improving profitability. But how do you create a business development plan that can guide your actions and help you achieve your … Read more
A financial plan is a roadmap that helps you achieve your financial goals and secure your future. It covers various aspects of your personal finances, such as budgeting, saving, investing, insurance, taxes, and estate planning. But where do you start when creating a financial plan? What is the first key component that you need to … Read more
A public limited company (PLC) is a type of business structure that can sell its shares to the general public and trade on a stock market. It is different from a private limited company (LTD), which can only sell its shares privately to a limited number of people. But why would a business choose to … Read more
Did you know that in 1929, more than $30 billion was wiped out from the U.S. stock market in just four days? Or that in 2008, more than $10 trillion was lost from global stock markets in less than a year? These are just some examples of how financial crises can wreak havoc on investors’ … Read more
Investment income is the money you earn from your savings or investments, such as interest, dividends, or capital gains. It can be a significant source of income for many people, especially those who have large portfolios or rely on passive income streams. However, investment income is not always tax-free. Depending on the type and amount … Read more
Investment companies are financial institutions that pool money from investors and invest it in various securities, such as stocks, bonds, commodities, real estate, etc. The main types of investment companies are mutual funds, hedge funds, private equity firms, venture capital firms, exchange-traded funds (ETFs), etc. Investing with investment companies can offer many benefits for investors, … Read more
Key Takeaways Investment Tax Credit (ITC) A tax credit that reduces your tax liability based on a percentage of your investment in certain qualified property or activities Types of ITC There are different types of ITC for different sectors, such as renewable energy, manufacturing, research and development, etc. Benefits of ITC ITC can lower your … Read more