In the simplest terms, credit insurance will cover the cost of your loan or credit card payments in the event that you are unable to pay the loan. It is insurance purchased by the borrower to cover their debts in case of any sudden eventualities such as death, or unemployment. In most cases, credit insurance will not be marketed as a stand-alone type of insurance, but as one of the features of a credit card […]
Often the phrase, “work-life balance” is thrown around as advice to entrepreneurs. They are told they should strive to attain it, but it rarely gets defined tangibly. The consequences of improper work-life balance include burnout, loss of motivation, and general unhappiness for entrepreneurs. These side effects are detrimental to both an entrepreneur and their business but the question remains, how does one achieve balance as an entrepreneur? The answer is to be deliberate in the […]
A recent survey shows that a person will stay committed to one credit card for years. In fact, 25 million consumers stick with their favorite credit cards for more than 10 years. Most consumers have never stopped to consider whether the credit card they are using is the right one. If you fall under this category of consumers, perhaps it is time to get a new credit card. If you want to improve your financial […]
Buying a new home is both exciting and terrifying. Right now, people are in the hype of buying a home because the rates have been so low. The homeownership excitement is especially coming from the young people who are tired of the ever-rising rental costs and the idea of having their own home, a place where they can build and grow their equity doesn’t sound that bad. Homeownership for a long time has been used […]
After a business plan, what follows is a business continuity plan. Unlike a business plan, a business continuity plan (BCP) is a document that outlines how the business intends to continue with its operations in case of a disruption. More often than not, a business continuity plan is confused with a disaster recovery plan. BCP is much more comprehensive than the recovery plan and usually contains specific contingencies for the business processes, assets, human resources, […]
