How to Calculate Your Personal Net Worth – Definition & Calculations

measure net worthMany of us wonder what we are worth. I’m not talking about what we’re worth as people, which is an entirely different concept. I’m talking about what we are worth in monetary terms.

In most cases, this is a fairly simple exercise. Net worth is determined by subtracting your liabilities from your assets at a specific moment in time. If you have more assets than liabilities, you have a positive net worth. If your liabilities overwhelm your assets, your net worth is negative.

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Divorce Process & Finances: How to Protect Yourself Financially When Getting a Divorce

divorce separationDivorce is almost always painful. However, it can be a relatively easy process where both spouses desire an amicable parting, or it can be hell-on-earth where one or both spouses are out for blood.

Sometimes, even the amicable ex can turn spiteful and downright nasty when the other starts dating, for example. Because you never know what can happen, it’s vital to protect your money and assets from the potential ravages of divorce.

Before You Divorce

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How to Fire an Employee Legally – Reasons & Laws

fired employee woman“You’re fired!” No one likes to hear those words. And it’s not very fun to say them, either.

You probably won’t tell someone they’ve lost a job the way Donald Trump does it on his TV show, but it seems like it would be a lot easier if you could just say those words and leave the room.

Terminating someone’s job, though, requires a little more compassion, finesse, and explanation.

If you are ever called upon to tell someone they’ve lost a job, here are some things to consider.

Reasons for Firing an Employee

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How to Start a Long-Term Home Food Storage & Prepare for Emergencies

food storage shelvesEvery other week, it seems there’s a new fringe group forecasting the end of the world as we know it. But even for those who don’t believe the apocalypse is imminent, there are plenty of reasons to worry about the future. The employment market isn’t recovering at a very rapid pace, and for many, the threat of unemployment and job loss is real.

And, of course, rising food prices have been a hot topic as a result of natural disasters, unexpected weather patterns, and inflation. With these very real concerns weighing on your mind, you don’t have to be a survivalist to see the value of increased self-reliance. One of the best strategies to prepare for an uncertain economic future is to create a long-term home food storage system.

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How to Prepare to Work from Home with a Telecommuting Job or Business

home office babyWhen friends and colleagues find out that I work from home, most of them are immediately jealous. Telecommuting positions sound like dream jobs to many people, with ideals of working in pajamas, playing loud music, and keeping a fresh pot of coffee right next to the desk. As a successful business person who takes pride in my work, I know telecommuting isn’t just the pleasure of a home office. It takes a lot of prep work to build a professional environment, and it takes a lot of mental toughness to work effectively without letting work invade the rest of my life.

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What to Do in College to Get the Most Out of Your College Education

college examWith college tuition rates on the rise, it comes as no surprise that many people are concerned about the value of a university degree and education. One can easily end up finishing a four-year degree with tens of thousands of dollars of debt in student loans.

Even if you have some of your tuition paid for by college scholarships, the costs of housing, food, and textbooks can be astronomical. These rising costs have led some to believe that a degree might not be worth it.

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Passive Income Investing Strategies – Earn Monthly Income from Your Investments

money timeThe majority of people think of retirement accounts when the topic of investing comes up. Most “regular folks” are interested in building up a nest egg by investing in a 401k or a Roth IRA. However, investing can be about more than just preparing for the distant future. Investing can actually help you right now.

When you build an income investing portfolio, you can create a reasonably stable source of passive short-term cash flow, while simultaneously building up long-term investments. There are many options when it comes to this type of investing and it can be a great way to get somewhat instant gratification.

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5 Factors to Consider When Setting Freelance Writing Rates

woman working kitchenOne of the great things about being a freelancer (besides not having set hours, being your own boss, and sometimes working in your pajamas) is that you get to set your own rates.

It can also be one of the more difficult things about being a freelancer. You don’t want to charge too low a fee, or you won’t make enough money and people might not think you’re very good at what you do. On the other hand, you don’t want to have the most expensive rate either as you might get looked over for a more budget-friendly option. It’s kind of like the story of Goldilocks and the Three Bears – you want your rate to be “just right.”

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