There are a lot of people in debt today because of the act of expending more than the income. Some are now addicted to credit cards that their monthly earnings are just spent on debt repayment – Is there a way out of this? Yes, there is a way out of this cycle of debt.…

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Although this subject has been widely discussed online and on financial magazines, it never ceases to amaze me how people always manage to ignore every single piece of advice and just continue doing their thing, which by the way is wrong! It does not matter how hard we financial advisors and financial counselors emphasize it,…

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Accelerator, breaks and clutch are very much required for any vehicle to run smoothly and safely. If any of these three don’t work properly, it will make the vehicle quite unsafe. Therefore utmost care should be taken of these threes as these are the most important features of any vehicle. Basically, these act as a…

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Ken Boyd, owner of St. Louis Test Preparation (www.stltest.net) presents part seven of his course on Understanding Cost Accounting. Boyd points out that students can have success with Cost Accounting concepts by making connections to actual examples from business. As a former CPA, College Accounting professor and Auditor, Ken has a wealth of experience to…

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If I want to become rich, then I need to invest in assets that generate passive income. This is what I have learned from reading the Rich Dad’s series by Robert Kiyosaki. One such asset that can generate passive income is real estate. And anyone who can afford to invest real estate will likely to…

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What factors differ the former and the latter. Static Budget: Shows the expected results of a responsibility center for only one activity level. Once the budget is made, it is not changed, even if the activity level changes. Flexible Budget: shows the expected results of a responsibility center for several activity levels. The flexible budget…

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