Author Archives : Administrator

Auto Shoppers Beware-Rule of 78 vs Simple Interest

The Rule of 78 is a practice by the automobile lending industry which tricks the borrower into receiving a lower rebate when the car loan is paid ahead of schedule or before the end of the term of the loan. This rule is also known as the sum-of-the-year’s digit method, factoring 1 through 12, representing […]

It’s Tax Time! Are you getting all the deductions you are entitled to get?

Tax time is both rewarding and taxing! Rewarding, because, if you are diligent and on top of all the the deductions you were entitled during 2017, then, it will be a breeze to do your taxes and get all the credits you are entitled to get. Taxing, is when you have been careless and paying […]

Annuities and Retirement Planning

An annuity is an investment product issued only by an insurance company designed to grow in value and then pay you a stream of guaranteed monthly payments starting at a later date, or a set date, usually corresponding to your retirement. You should consider an annuity only after you have maxed out other tax-advantaged retirement […]

Academic Year 2016-2017 Funding Your Way to College

According to the College Board for the 2016-2017 Academic Year, the average in-state tuition and fees at a four-year public college is $9,650 and $33,480 at a four-year private not-for-profit college. For room and board, add $10,400 to the public institution and $11,890 to the private not-for-profit college. So, now you have a total annual […]

Your Business Plan, Your GPS

I cannot emphasize enough the importance of doing your homework and not skip a very important component in your entrepreneurial venture. I am talking here about your business plan. You probably have heard a million times about the failure rates of start-ups. And the number one reason mentioned for the cause of failure is lack […]

Ignite that Entrepreneurial Spirit Within You for the Long Haul!

How does one keep that entrepreneurial drive within? It is very easy to get caught up in the procrastination stage. After all, that is where we find it most comfortable, isn’t it? And who wants to be in a roller coaster ride of life? But if you want to change your life and achieve the […]

Entrepreneurship Education – Integrate Academia and the Real World

In a 2011 survey, 88% of young people said that entrepreneurship education is vitally important, given the new economy — and yet 74% of college students had no access to entrepreneurship resources on campus. And when resources were available, most students felt they were woefully inadequate. This is not acceptable. In the 21st century, entrepreneurial […]

On Entrepreneurship, Problem Equals Opportunity

Listen to Vinod Khosla, An American billionaire and one of the most influential people in business today. He is a product of Stanford Graduate School of Business where he obtained his MBA. He has contributed immensely to the growth of hundreds of companies, primarily in his role as a venture capitalist in his long and […]

Why Financial Literacy

A recent survey done by the Jump$tart Coalition reports the following dismal statistics about the state of our young people’s personal financial I.Q., namely: • Just 10 percent of our youth are graduating from high school with any kind of instruction in personal finance. • The average high school student failed a basic financial literacy […]