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9 Tough (and Necessary) Lessons Entrepreneurs Must Learn

Success

Nancy Ganz, author, mediator and negotiator. You must be willing to sacrifice a meaningful relationship with someone you care about at the expense of building the company. This article originally appeared in the September/October 2021 issue of SUCCESS magazine. Persist—then keep on persisting. Persistence of vision is key.

Learning 299
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The Benefits and Risks of Hiring Digital Nomads

Success

It means negotiating agreements and the consequences of missing agreements.” That’s expensive, and it’s a risk. A 2021 report from labor and employment law firm Littler Mendelson advised devising strategies for structuring these relationships legally. He advises leaders to “bring into the visible what is usually invisible.

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Tarek El Moussa Will Teach You How to Flip a House Without Breaking the Bank

Success

A frugal flipper is someone that spends a lot of time shopping and negotiating deals, and getting discounts. But there are certain things I always look out for: slope flooring; foundation issues, which can be really expensive; and cracks in inner and exterior walls, or structural issues, which can get very expensive.

Expenses 246
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2023 Financial Forecast: How to Prepare for the Year Ahead

Success

It’s become more difficult in the past year, however, to know what your expenses will be each month—and that makes it all the more challenging to stick to a budget. Meanwhile, after a multi-decade period of low interest rates, it’s now more expensive to borrow money from lenders (such as credit card issuers).

2023 306
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How to Recover Financially From a Gray Divorce

Success

Their study found that the divorce rate from 1990 to 2021 increased by three times among those aged 65 and older. Budgeting for health insurance is vital when determining spousal support and whether the division of assets will cover future expenses. So, sharing these benefits can be negotiated as part of the divorce agreement.

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The Art of Problem-Solving: 4 Creative Strategies to Tackle Your Biggest Obstacles

Success

The problem: Revenue was $50,000 last year, but 2021 is off to a slow start; you sold zero training packages in January and February. We review key performance indicators and note: First-quarter 2021 revenue was only $3,000, down 71%. You decide that: Covering your $1,800 monthly mortgage is non-negotiable; you love your home.

Salary 312
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The 6 Biggest Financial Mistakes to Avoid in Your 30s

Success

That keeping up with the Joneses can lead to expenses surpassing income—and the debt that comes with it. have maxed out their credit cards to cover expenses due to inflation. It’s about understanding the expenses that bring your family joy and spending money on [items] that are of a higher value to your family,” he observes.