If the pandemic has taught us anything, it’s to stop and evaluate our lives, get clarity on what’s essential, and turn our focus to what matters. Your financial security matters. And your mistakes have far-reaching consequences for your family, yourself, and your future. It’s crucial to get your mental game together and stop making these mistakes.
Retirement is arguably the most talked-about financial topic, and rightly so. Our retirement years can span decades and require sizable assets to take care of all our needs in our non-working years. But the exact amount of those sizable assets we need can be tricky to pinpoint, especially with the glut of contradictory and overwhelming advice that often just leaves us confused.
The Paycheck Protection Program (PPP) was designed to assist employers in maintaining payroll even when they were shut down or limited by the COVID-19 containment efforts. The most appealing part of the program, perhaps, was the fact that the loans would be eligible for either partial or full forgiveness. While helpful, the program has had many problems and been a source of much confusion for business owners. The Small Business Administration (SBA) recently issued rules that clarify many of the rules. Here are the most important things for business owners to know about PPP loan forgiveness.
It’s now been a few months since everything turned upside down due to COVID-19, and there’s still no real end in sight. The coronavirus pandemic and its far-reaching implications has undoubtedly caused you to experience an unprecedented amount of stress.
The past has much to teach us. Whether good or bad, we can look back, learn from mistakes and victories, and apply these lessons to our current situation. So, as we experience wild volatility, record market drops, and the beginnings of what many are calling the next recession, we have the opportunity to take what we learned from the market crash of 2007/2008 and move forward. Here are 4 financial lessons the last recession taught us.
Given the current social distancing guidelines, market volatility, and rise of unemployment, to say these are stressful times is an understatement. You are undoubtedly experiencing a multitude of emotions, including uncertainty and fear.