Financial Concept: Good Loan vs Bad Loan and Budgeting

Good loans Good loans are loans that you take out to benefit yourself individually, professionally, or out of necessity. These loans are not used to finance expensive discretionary spending (i.e. fancy cars and vacations). Examples of what we believe are good loans are student loans and mortgages on your primary residence. Let’s explain. Student loan … Read more

How to install WordPress for newbie

If your new to the WordPress game and have never setup a site before then this step-by-step tutorial will walk you through it.  I’ve installed and designed over 100+ WordPress sites for myself and others and it is super easy after you get a few under your belt.   This tutorial is assuming you are starting … Read more

Main Reasons Why New Businesses Fail

Some estimates claim that up to 95% of new businesses fail within five years.  Others say the number is around 65%.  Either way, these are staggering figures when one takes into account that most new businesses fail for more or less the same reasons.  Most of these reasons are presented below ranked in the order … Read more

Financial planning: Main area of Personal Income

Personal finance is the process of planning and managing personal financial activities such as income generation, spending, saving, investing and protection. The process of managing one’s personal finances can be summarized in a budget or financial plan. The main areas of personal finance are income, spending, saving, investing, and protection. Income Income refers to a … Read more

Principles of Financial Strategy

Financial strategy, a strategy is about how organizations translate their long-term goals into the actions they undertake on a day-to-day basis. A financial strategy is therefore the link between the organization’s long-term service objectives and its financial capacity. BMKFA’s long-term service objectives are set out in the Public Safety Plan and Corporate Plan. A financial … Read more