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Do You Need to Form an LLC?
Tweet Share on Facebook October 27, 2011 CommentLLCs, or limited liability companies, are often used by small business owners to protect their assets and keep their businesses separate from their personal financial lives. But James Duggan, a wealth planning attorney based in Chicago, says anyone selling anything online, from knitted gloves to e-books, should also consider forming one, and that even non-business owners with significant investments can also benefit financially from the legal arrangement.
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15 Ways to Stop Wasting Money on Food
Tweet Share on Facebook October 26, 2011 Comment (9)As anyone who’s ever cleaned up after a dinner party knows, Americans waste a lot of food. In addition to the fruit, vegetables, and other items that go bad in our own kitchens, farmers and grocery stores toss unused goods as well. According to Jonathan Bloom, author of American Wasteland, it adds up to at least 160 billion pounds of wasted food each year. The problem is considered so serious that food industry groups have launched an initiative to reduce the amount of food that ends up in landfills while increasing the amount that goes to food banks.
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How to Achieve Your Money Goals
Tweet Share on Facebook October 24, 2011 Comment (3)If you’ve ever tried to set a big goal for yourself, you know how hard it can be to follow through on the best intentions: Plans for early morning runs get ruined by rain or healthy diets are sidetracked when someone brings donuts to the office.
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The Secret to Living Well on $11,000 a Year
Tweet Share on Facebook October 19, 2011 Comment (23)Our last story on frugal living, “The Secret to Living Well on $20,000 a Year,” stirred up some heated comments, many of which argued that $20,000 a year represents a king’s ransom. “Someone should do an article on how to live on less than $10,000 per year. I am a single mother who is doing just that,” wrote Rici of Wyoming.
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The Power of Cult CEOs
Tweet Share on Facebook October 17, 2011 CommentSome chief executives are so powerful that they almost overshadow the companies they lead. Steve Jobs, whose recent death led to an outpouring of emotion from fans, might be the most well-known example, but others include Blake Mycoskie of TOMS, Tony Hsieh of Zappos, and Richard Branson of Virgin. Their coolness helps make their companies cool.
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Is College a Waste of Time?
Tweet Share on Facebook October 12, 2011 Comment (8)College is getting a bad rap these days. Despite the fact that research repeatedly shows that people with college degrees earn more and face lower unemployment rates compared to people without college degrees, more people are questioning the value of the degree—and whether it’s really worth the staggering cost of tuition. Businessman and philanthropist Peter Thiel offers young people fellowships to start their own businesses instead of going to college; one of the first recipients is Dale Stephens, founder of the website uncollege.org.
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How to Create a Career in the New Economy
Tweet Share on Facebook October 11, 2011 Comment (1)When Daniel Pink’s Free Agent Nation first came out in 2001, it described a new world of work that revolved around projects and people instead of corporations and 9-to-5 office life. In the decade that followed, many of Pink’s predictions came true, and free agent nation gained popular leaders and bloggers who urge people to follow their entrepreneurial dreams. Meanwhile, the recession forced some people into free agency following lay-offs.
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Money Tips from a Creativity Coach
Tweet Share on Facebook October 6, 2011 CommentAs a creativity and career coach, Gail McMeekin specializes in helping people make a living out of their entrepreneurial ideas. A trained therapist and coach, she’s also the author of a new book, The 12 Secrets of Highly Successful Women. To continue our series on the entrepreneurial life, we spoke with McMeekin about her strategies and tips for creative entrepreneurs. Excerpts:
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Why Entrepreneurship Isn’t for Everyone
Tweet Share on Facebook October 4, 2011 Comment (3)Alexandra Levit thinks we need a reality check. Too many of us, she says, believe that we can quit our jobs, be controversial, and find overnight success pursuing our passions after fleeing our day jobs. Despite the slew of popular bloggers urging us to do just that, Levit, an author and speaker on career issues, insists it’s not the right path for most people. Instead, in her new book, Blind Spots, she urges us to work hard, fit in, and keep those day jobs.
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The Secret to Living Well on $20,000 a Year
Tweet Share on Facebook October 3, 2011 Comment (173)Last week, we ran a story on living well on $40,000 a year, featuring a special education teacher who supports his family of four on that relatively modest salary. Fifty people commented on the article, many of whom argued that living on $40,000 a year was hardly an impressive feat.
