For purposes of budget income forecasting, figure all sources of your income on a monthly basis. Then, forecast your average monthly income over the next year by completing the worksheets shown bellow. (more…)

Finding a mutual fund that’s a good fit for you can seem a daunting process. After all, there are literally thousands of these things floating around. And if you pick up a financial magazine in hopes of sorting through this mess, you’re bombarded by a ton of fund advertisements, all touting that particular fund family’s great returns and often including pictures of the fund managers, arms crossed and looking fiercely insightful. (Why fund companies think how their managers look is somehow enticing to investors remains a mystery to me.) (more…)

Successful business owners know how to manage the flow of cash coming into and going out of their businesses. They realize that even a profitable business can fail if no operating cash is available. Skillful cash flow management results from proper planning. (more…)