Have You Bought Your Lottery Ticket for Tonight?

What would you do with a million dollars? Would you take your family on a dream vacation? Would you finally go back to school and complete that degree and pursue your dream career? Would you pay off all of your debt and then put the rest away for future use? Would you purchase a second home where your family could comfortably gather for future holidays? As tonight’s Powerball Lottery total reaches $422 million it is no wander that some in America are dreaming what they would do with a big win. And while it is fun to dream of what you would do with millions of dollars, the fact of the matter is the first decision of any winner is between smaller payments over a long period of time or to opt for a lump sum up front. Although some winners may think that taking smaller payment

Three Reasons Why You May Want To Sell Your Annuity

If you are the recipient of a major settlement or lottery winnings, chances are that you will be offered two choices: you’ll either receive your money in the form of a lump sum, or in the form of an annuity. A lump sum is exactly what it sounds like — a large amount of money received at once. An annuity, on the other hand, turns that lump sum into payments — the case of lottery winnings, you will have lottery payments, and in the case of settlements, you will receive structured settlement payments. Usually, there are a varied types of annuities, with different sets of payout periods. However, the most common payout peri

Four Secrets for Getting Out of a Mountain of Debt

The average American household has a whopping $238,658 in debt. This might seem like an exaggeration, but let’s crunch the numbers: The average American has $15,762 in credit card debt. On top of that, they have $168,614 tied up in a mortgage and about $27,141 in auto loans. Add in the typical student loan debt of $48,172, and being two hundred thousand dollars in debt doesn’t seem extreme anymore. Being so excessively in debt makes American bound to jobs they hate, just to make ends meet. Many American workers cannot feasibly retire when they reach 65 because they’ve spent their entire lives covering their monthly expenses; making an investment towards retirement is just not feasible. This is no way to live. If you are in this category of debt (as most of us are),

Breaking into the World of Money

Money talks. Show me the money. Put your money where your mouth is. That’s the money shot. Right on the money! There are countless phrases and idioms in our everyday speech that reference money. This is probably because the culture of our society is so focused on it. Money is often tied into the end goal of the perfect dream house or dream car or luxurious vacation getaways. So it is no surprise that there are several careers, fields, services and companies devoted primarily to money, and making as much of it as possible in as many ways as possible. IPO firms, quarterly snapshots, prime broker services For those in the investment world, terms like these are used regularly. But for those attempting to break onto the scene,

Five Things You Need to Know About Payroll

Staying on top of payroll can be a stressful and time consuming task, especially if it’s all done in-house. If you’re not organized and on top of the task at hand, it can quickly become your business’s worst nightmare. About 60% of small businesses handle their payroll internally, but regardless of the size of a business, establishing a system for company payroll services is crucial to your success. here are a few tips to help manage your payroll. Salaried or Hourly? Most employers prefer to have employees on a salary, as it takes out some of the difficulty of determining how much to pay staff based solely on the amount of time they’re working. However, if you do have hourly employees, it’s essential to have a secure system in place to keep track of the exact number of hours th

3 Ways to Get Out of Debt and Stay Out of Debt

Did you know that the average American family spends 40% more than what they earn? It?s important to understand the state of your finances, and many Americans are realizing that their debt has ballooned to a point where it?s hard to keep up with. In fact, the average household pays over $6,000 in interest alone every year. By getting out of debt, you can reduce your overall spending simply because you won?t have to continue paying interest on money you?ve borrowed. How can you get out of debt — and stay that way? Here are a few suggestions. 1. Start Tracking Your Money In 2016 there?s no excuse for not keeping track of your money. There are numerous apps, pro