Author - Michael Rivas

1
Why COVID-19 Is Changing The Way We View Money
2
Personal and Business Dollars: Why The Two Are So Drastically Different
3
How To Loan Money To Family + 3 Ways To Set Better Financial Boundaries
4
4 Things You Need To Consider Before Purchasing A Rental Property
5
The 5 Elements All Successful Businesses Have In Common

Why COVID-19 Is Changing The Way We View Money

The COVID-19 pandemic upended the way people live their lives.  From mask mandates and stay-at-home orders to vaccines and protective strategies, the last two years have had no shortage of drastic changes to how we live day-to-day. While the physical health of our communities will always be at the forefront of this discussion, there has also been a massive shift in the way people interact with their personal finances. The pandemic may not have only changed how you spend money but has likely shifted the way you view your career and overall relationship with your financial circumstances. What do these
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Personal and Business Dollars: Why The Two Are So Drastically Different

At the twilight of your career in your 50s and 60s, you may be looking to change careers and dedicate your time and talents to something more in line with your value system.  If you’re like many others at this pivotal stage of your career, it might not be as simple as getting a new job working for someone else. You may want to start a business of your own. While being your own boss might sound like an appealing proposition, there are endless considerations and unique problems to solve as a business owner.  In particular, the difference between your
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How To Loan Money To Family + 3 Ways To Set Better Financial Boundaries

As a member of Generation X, sandwiched between aging parents and adult children, there’s a good chance that you’ve considered loaning or gifting money to a family member.

But “loan” takes on a whole new meaning when the family gets involved. It can turn from a nice gesture to an awkward, irritating, or downright annoying encounter in a hurry.

Loan/gift, tomato/tomahto—that’s what it’s like giving money to family or friends. How can you financially support your family while also protecting your financial wellbeing? 

Let’s explore ways to strategically give money to loved ones without going overboard (on your money or

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4 Things You Need To Consider Before Purchasing A Rental Property

Contrary to popular belief, real estate investing isn’t all HGTV flower boxes and passive income filling your bank account. Whether you’re purchasing a single-family home, duplex, or commercial property, managing a rental property is a huge financial and personal undertaking.

 Before you dive headfirst into a real estate project, you’ll want to do your homework.

So what factors should you consider?

Rental Properties Are Highly Concentrated Assets

Investing in rental properties will likely tie up a significant portion of your net worth in one place. A quick google search will show you all the millionaires and billionaires who got

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The 5 Elements All Successful Businesses Have In Common

The 5 Elements All Successful Businesses Have In Common

Sometimes it seems like building a successful small business is like making a wish on a shooting star or finding the pot of gold at the end of a rainbow.

The statistics for a long-term “open” sign aren’t too appealing. According to the Bureau of Labor Statistics, approximately 20% of small businesses fail within the first year. Even more alarming, by the end of the second year, it’s 30% before skyrocketing to 70% by the end of year ten!

Keep in mind that in business (as in life), nothing is guaranteed.

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