Your possibilities for business financing are influenced by the five C’s of credit: character, cash flow, capital, conditions, and collateral Many lenders employ a framework known as the “five C’s,” or characteristics of credit, to assess possible small-business borrowers. These criteria are character, capacity, capital, conditions, and collateral. Your eligibility for small-business loans is influenced […]
I plan to cut back on dining out and internet shopping. I also suggested using a cash-back credit card and weighing intake against outflow. Every year at the end of the year, I audit my expenditures and search for ways to improve my financial practices in order to increase my savings the following year. I […]
Fintech applications of artificial intelligence (AI) and machine learning range from task automation and fraud detection to chatbot assistants. According to Insider Intelligence’s AI in Banking survey, 80% of banks are quite aware of the potential advantages that artificial intelligence (AI) can offer. Increased user acceptance, evolving legal frameworks, and technology advancements will expedite the […]
Launching a side hustle while maintaining a full-time job requires serious dedication and a willingness to navigate challenges. Here are my recommendations for starting a. New side hustle: Begin by thinking about what value you can provide. While it might be crystal clear for some, it could be murkier for others. Consider activities you’re eager […]
As we look towards the future of work in 2024, I believe soft skills will be the most sought-after skill by employers. From nurturing soft skills for future success to preparing for AI proficiency, discover the key skills these leaders are focusing on and how their organizations are preparing to identify and nurture these skills […]
The New Year is a great opportunity to start your financial planning journey. It is still possible to change your spending habits and set your financial life on track. Here are my list of money habits to start now: 1. Create a Budget Budgeting and sticking to it would be my top frugal money tip […]
While breaking free from the poverty is quite difficult, it is not impossible. Here are some strategies to move the needle that anyone can do. 1. Begin with small, consistent steps Though there isn’t a single way out of poverty, maintaining motivation and making gradual, tiny changes can have a big impact over time. When […]
If you had parents like mine that gave me a great start in life then you could consider yourself lucky. Many parents would like to leave something to their children after they die. They’d like their children to have an easier and more carefree existence than they did. A little extra financial stability might provide […]
Investing is like a secret treasure chest hidden in the world of money. If you’re a beginner, this article is your golden map to the basics of investing. What is Investing? Imagine investing like planting money seeds that can grow into mighty money trees. Yeah, that’s right, it’s all about making your money work for […]
Starting a business is an overwhelming task But what if the key to entrepreneurial success lies in something you already love doing? Imagine waking up every day excited to work – not because you have to – but because you want to. Research has shown that businesses born out of hobbies are more likely to […]
