The rule of 72 is a calculation that estimates the number of years it takes to double your money to a specified return. For example, if your account earns 4 percent, divide 72 by 4 to get the number of ...

Internet services that are simply business support services, and not mandatory for efficient operations, are considered office expenses. What are the four steps in preparing a budget? The four phases of a small business budgeting cycle are preparation, approval, execution, ...

By age 30: the equivalent of your annual salary saved; if you earn $ 55,000 a year, by your 30th birthday you should have saved $ 55,000. At age 40: three times your income. At age 50: six times your ...

The 70/30 rule in finance allows us to spend, save and invest. It’s easy. Divide the monthly take-home pay by 70% for monthly expenses, and 30% are divided into 20% savings (including debt), 10% on tithes, donations, investments or pensions. ...

& quot; Pay yourself first & quot; it simply involves setting up a retirement account, setting up an emergency fund, or saving for other long-term goals, such as buying a home. Financial advisors recommend measures such as downsizing to reduce ...