- Financial Management: Definition, Examples and Purpose
Financial management involves planning, organizing and controlling an organization’s financial activities. Effective financial management helps businesses achieve their goals, optimize profits and maintain sustainability. Financial management professionals engage in budgeting, forecasting, investment analysis and financial reporting – each serving the purpose of guiding a company’s financial decisions and strategies. Through comprehensive financial management, businesses can… read more…
- What Should My Net Worth Be at Age 35?
There are two ways to look at your net worth by age. The first is to measure your wealth against the median wealth of your age group and peers. This can be modestly helpful as a benchmark, but by and large it tells you nothing about your own needs. The far more helpful approach is… read more…
- These Careers Had the Highest Pay Bumps, While Others Fell Behind – 2023 Study
Annual pay raises can help workers keep up with the rising costs of goods and services in an economy. But when prices increase faster than wages, a pay bump can end up feeling more like a pay cut. This was the case for many workers over the last few years when inflation dwarfed wage growth.… read more…
- What Are Financial Wellness Programs?
Among the many reasons Americans can lose sleep at night, money stress is a major concern. But many employers are alleviating financial worries with the creation of financial wellness programs, which both attract and retain quality candidates. Financial wellness programs aim to help… read more…
- What a Client Service Associate Is and How to Become One
Working with a financial advisor can be helpful if you need advice about how to build or manage your portfolio and grow wealth for retirement. What you may not realize is that your financial advisor (or advisors) may have their… read more…
- Accredited Asset Management Specialist (AAMS)
New financial advisors need something to help them stand out. Consequently, the accredited asset management specialist (AAMS) does just that. Designed for newcomers to the financial advice business, the AAMS trains advisors to identify investment opportunities as well as help… read more…
- What Is a Clawback?
A clawback is the legally required return of incentive compensation such as a bonus or stock grant. Once applicable only to top company officers, clawback provisions are appearing in more employment contracts, particularly in the financial services industry. If your contract… read more…
- The Average Salary of a Surgeon
Surgery is a prestigious field that requires a high degree of skill, dedication and hard work of its members. Not surprisingly, surgeons’ compensation reflects this fact, as the average salary of a surgeon was $255,110 in 2018. This figure can… read more…
- The Cost of a Career Break
According to the Center for American Progress, the average American woman who takes a five-year career break to care for a child at age 26 will lose $476,000. That sum covers not just lost income but lost retirement savings and benefits, too. And… read more…
- The Average Salary of a Dentist
There are more than 113,000 dentists in the U.S., according to the Bureau of Labor Statistics (BLS). That’s not surprising given that most Americans are visiting the dentist at least once a year: The CDC found in 2014 that 62%… read more…
- The Average Salary of a Lawyer
Becoming a lawyer is no walk in the park. You have to do well enough in college and on the LSAT to get into law school, graduate from law school, get a job and pass the bar exam. At the… read more…
- 5 Problems With the Unemployment Rate
The unemployment rate gets plenty of media coverage. This ratio represents the percentage of people in the labor force without jobs who’ve been actively looking for work within a four-week period. Many people believe that it’s a good indication of… read more…
- The Most Dangerous Jobs in the U.S.
There were 4,821 fatal occupational injuries in America in 2014. That’s a 5% increase from 2013, according to the Bureau of Labor Statistics. While all workplaces take precautions to limit fatal accidents, there are some occupations for which the risk of fatal accidents is unfortunately much higher. In order to determine the most dangerous jobs in… read more…
- The Pros and Cons of Franchising
Opening a franchise can be a lower-risk way to start a small business, but it’s not for everyone. For one thing, franchisees have to abide by company rules and the terms of their licensing agreements. So if you prefer to… read more…
- The Pros and Cons of Outsourcing
Outsourcing is the practice of hiring someone outside of your business to complete a specific project or task. The work that would either fall onto the business owner’s plate or require an internal hire can be completed by a third… read more…
- The Pros and Cons of Unions
Unions are controversial in the U.S. – more controversial, in fact, than they are in some other countries. Here in the States, some people tout unions as essential to a strong working class, while others criticize unions for putting too… read more…
- The Top Ten Jobs for Salary and Growth in 2016
If you’re interested in changing jobs or launching a new career, it helps to look at the employment outlook for your new venture. When a particular profession has strong job growth, job hunters can have a greater chance of getting hired. And when wages are growing, workers can often look forward to having more disposable… read more…
- How to Fill out an I-9 Form
Accepting a job offer is exciting. But before you can settle into your new work space, you’ll need to complete a lot of paperwork, enroll in your 401(k) plan (if your company offers one) and fill out a W-4 form. You’ll also need to complete and submit an I-9 form. If you’re not exactly sure… read more…
- How to Make Money on Tumblr
Are you on Tumblr? If not, you could be missing out on an opportunity to earn money through ad revenue or to boost your small business profits. There are several different ways to make money on Tumblr and we’ll give you… read more…
- How to Make Money on Twitch
If you love gaming, you might be wondering how to turn your passion into profit. One way to earn money as a gamer is to stream videos of yourself playing games on a platform like Twitch, which – as of… read more…
- How to Make Money on YouTube
Want to earn fame and fortune online? You may be wondering how to make money on YouTube. The video sharing platform has made its share of celebrities, some of whom have been able to capitalize on all those views. Let’s… read more…
- The Best Jobs for People Who Want to be Self-Employed
Most people don’t love having a boss. Bosses tell you what to do and they berate you when you screw up. According to a 2015 Gallup survey, half of all U.S. workers have at some point in their careers left a… read more…
- The Economics of Craft Fairs
As American consumers increasingly long for a personal, local touch in the goods we buy, the craft industry seems to be booming. Have you ever dreamed of quitting your 9-to-5 job and starting a career selling handmade crafts? Or wondered whether… read more…
- The Economics of Podcasting
Are podcasts the new TV? These days it seems like everyone we talk to has a favorite podcast or a handful of podcasts on heavy rotation. Podcasts are booming. You can find episodes on personal finance, classic films and even… read more…
- The Economics of Personal Training
Personal training is a growing field. According to IBISWorld research, the personal training industry grew 2.5% between 2010 and 2015. It employs 259,029 people and includes 60,704 businesses. The total revenue of the personal training industry tops $10 billion and the… read more…