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How Toxic Positivity Can Hurt Your Finances

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As it applies to money, toxic positivity may even hurt your finances more to assume that everything will work out without any effort from you. Toxic positivity with finances can lead to future problems Some subjects are uncomfortable to discuss, and contemplating death, divorce, illness, job loss or other financial insecurity is never fun.

Finance 101
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30 New Year’s Resolution Ideas to Make 2024 Healthier, Happier & More Secure

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Often, these fall into categories of personal well-being, relationships and finance. New Year’s resolution ideas to improve personal finance Create a monthly budget. Review your insurance plans. Regularly review and update insurance policies to ensure adequate coverage at the best price. Become a mentor.

Security 108
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Preparing to Move Overseas? Read This First

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health insurance may not cover you. As soon as you move abroad , you’re in charge of paying for your medical expenses, as your United States health insurance won’t let you submit any assertions, says Elena Jones, a personal finance expert at FinanceJar. You can (or may need to) purchase international insurance.

Banking 105
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Tips and Resources to Scale Your Small Business

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A written business plan is crucial to clarify your plans and your finances, Marshall says. Build your support network Shinholser says his business is thriving because of the support of mentors and Mastermind groups. The SBA’s Funding Your Business section on their website explains the various financing options for entrepreneurs.

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Lessons From Past Recessions

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Instead of watching what the market does daily, spend some time tending to your finances so you know where you stand. As part of your financial plan, consider the following: Review your finances. What are my basic monthly living expenses (including food, shelter, health insurance, utilities, phone, transportation and childcare)?

Finance 91
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How to Survive a Recession, According to a 91-Year-Old Business

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These types of dreaded, so-called “ black swan ” events are difficult to predict, so it’s important to have a plan in place before crisis strikes, advises Frank LaMonaca, a mentor with SCORE, a network of volunteer, expert business mentors. As a result, he began monitoring the company’s finances on a weekly basis.

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Planning to Take Maternity Leave While Self-Employed? Do These 6 Things First

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Set up a stream of passive income Mariah Althoff, a six-figure freelancer turned graphic design mentor, didn’t want to halt her business completely while she was on maternity leave for five months. So, she established a plan: She’d automatically earn money while she was out of the office by doing affiliate marketing.