by Leif Jensen | May 15, 2024 | Money Management |
I have a couple of clients who have taken EIDL funds to weather the tide and are now regretting those choices. One needs to close; it has been hemorrhaging cash since I started working with them. They have thrown their EIDL Funds and all of their savings into the...
by Leif Jensen | Apr 29, 2024 | Money Management |
I have been working with clients this tax season, who are well into the top 10% of US taxpayers, none of them consider themselves wealthy. Even those whom I know are the truly wealthy. During a recent webinar, they defined real wealth by having passive income...
by Leif Jensen | Apr 10, 2024 | Investing, Money Management |
What passive income streams have you set up for yourself? If you haven’t done any yet, are you planning on doing any? I have some old insurance dogs and financial advisors, who wake up January 1, knowing that they will be making six to seven figures without really...
by Leif Jensen | Feb 7, 2024 | Money Management |
I have a client that at one time tried this trick a couple times within a year. I do not recommend it, this is a cautionary tale. The client borrowed money from their traditional IRA. Normal withdrawal with no exceptions, if not rolled over into a new account within...
by Leif Jensen | Jan 24, 2024 | Investing, Money Management |
I was recently reading that interest rates and payments were crippling small companies. Just how much costlier is credit these days? Small firms are paying 9.1% on average, per the National Federation of Independent Business. In 2019, the prime rate, the benchmark...
by Leif Jensen | Jan 17, 2024 | Money Management |
As the year winds down, a number of clients are suffering from cash flow drop offs. Cash is getting tighter, their clients are not spending, nor are they rushing to pay their bills. They are waiting for signs that the economy will be getting better. It may be a bit...
