Becoming a millionaire grocery clerk, having real retirement savings, and working for a tax-free company… What if your employer could sell you a percentage of their company? What if you paid NOTHING for the shares, but now had real retirement funds? And what if the company became more productive and was exempt from federal and state tax on profits? This is all possible through Employee Ownership. Specifically, this is through an ESOP, or an “Employee Stock Ownership Plan.” In 1974, … [Read more...]
3 Financial Tips to Escape Generational Poverty Cycles
Making the right choices for your future is a smart way to avoid being trapped in generational poverty cycles. You have the chance to live a better life by informing yourself. Read on for a few financial tips to help you escape poverty. Money Management and Improved Credit Knowing how to manage your finances is vital to making wise money decisions. Gain organizational skills, and learn the value of spending money responsibly. Furthermore, you can learn how to budget, make intelligent … [Read more...]
Starting Your Own Business In The Food Industry
If you are interested in beginning to transition your career into the food industry, it is vital to know how to prepare. Moving forward means taking the time to consider where your business is currently at and how you can gracefully begin to move towards your desired goal. Identify Your Production Plans What are your end goals? Do you want to have a restaurant? Are you interested in one day expanding into an entire chain? Knowing how to transition means taking stock of your goals and adjust … [Read more...]
Have a Specific Career in Mind but Need a Degree? How to Raise Money for School
A college degree leads to higher salaries and lower unemployment rates, which makes higher education an attractive option for anyone looking to make a career change. However, financing that education can feel like a full-time job. If you’re looking to go back to school so you can have your dream career, these four sources of funding can help raise the money you need. Apply for Government Assistance The best place to start your education financing journey is with Uncle Sam. The federal … [Read more...]
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