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3 Steps to Take Before Going Into Business for Yourself

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Before going into business for yourself, you should have an account set aside to save for these additional expenses. As a W-2 employee, you know exactly how much you’ll be paid each month, making planning for life’s expenses easier. Ideally, you should have at least two years’ worth of non-discretionary expenses in the bank.

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4 Smart Money Moves to Plan for Financial Security

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This goal is more expensive than I’d like to admit, so I strategically plan for those purchases by saving for them on a monthly basis. Despite that, 53% of millennials surveyed in the National Financial Capability Study didn’t have an emergency fund that could cover even three months of expenses. Pay off your debts by interest rate.

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How Employers Can Better Serve Neurodiverse Employees in 2023

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Open discussion of accommodations Not all employees are open to revealing their conditions, nor do they legally have to. She’s like, ‘my autism won’t allow me to do that,’” when the company suggested charging expenses to a credit card to then be paid back for travel. Are there any accommodations that need to be made?

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The Biggest Financial Mistakes to Avoid in Your 20s

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A turbulent housing market: 2023 was the most expensive home-buying year in a decade. Not to mention, low wages, staggering student debt and compounding credit card debt. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds.

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Making Taxes Less Taxing

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Lee lists the following benefits of doing your taxes: You may discover expenses that have been billed twice by mistake. You’ll see these when inputting expenses into your accounting software or spreadsheet or when reviewing your transactions. You can determine expenses to cut. But there’s good news, too.

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6 Steps for Creating an LLC for Your Business

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He didn’t bat an eye when I told him my rate to copy edit his legal blog. A registered agent is someone who is registered to receive legal and tax notices on behalf of your business. These steps make your LLC legal. I filed my LLC through a DIY legal website, and I regret it. And, he eventually went on retainer with me.

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Planning to Start Your Digital Nomad Journey? Use This Checklist Before You Go

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Experts at Digital Nomad World recommend saving a minimum of three months’ worth of expenses before your departure date. Do your own research and even consult a professional regarding rules about passports, visas, health insurance, taxes and other legal requirements. No matter what, it’s important to get your finances in order.

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