Checking your financial health is as important as visiting your doctor for routine health checks. By doing health checks, you also will feel calm or relieve when the results are good. If, for example, found undesirable conditions, then you also can take steps to fix it.

The same also applies when making a financial health check. These checks will help you determine if financial condition is fine, or there should be increased or considered.

Where do we start it? You need spend special time in conducting financial health check. Depending on the scale of financial assets and liabilities you have, you might also involve other people to help do that, and some even use the services of a private accountant. Whichever way you will use, is more better to do than nothing.
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Adding additional Risk management and insurance is a simple but necessary addition to any business insurance plan. It’s designed to protect your business financially in the event that a covered risk prevents you from operating effectively for a period of time, causing losses. But why might you need business interruption insurance?

Fire & Natural Disasters

If a fire destroys your building, it can take weeks or months before normal operations can be resumed, and in most cases, income would be lost during that period even though many regular business expenses would continue. The same situation arises when natural disasters strike. Does your current insurance policy cover you for business interruption? And if so, does it cover you if that interruption is due to earthquake or flood or only for other events?
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Many investors who manage their own money and their own investments have several tremendous advantages over fund managers. Investors who have bypassed the allure of the fund management industry often come to realize that through diligent research and logic, they can keep up with the returns of the big boys.
My investment business, albeit in the fund management profession, is run along the private investor’s lines. All of the advantages below are practiced by my fund. (more…)

Credit was once defined as “Man’s Confidence in Man.” But in fact, the definition of credit today is more like “Man’s Confidence in Himself.” Using credit today means you have confidence in your future ability to pay that debt. Forty years ago, your parents may have paid cash for their homes and their cars, a largely unheard-of event today. If they borrowed money at all, chances are it was from a relative or friend, and not a financial institution. (more…)