The Motley Fool

MAY 27, 2024

Image source: Getty Images Buying a general liability insurance policy is a simple, must-have way to protect your business and personal finances. Small business general liability insurance can protect you from this situation. If you have a product liability insurance policy, your insurance company can help.

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The Motley Fool

MAY 3, 2024

But it could be the most important move you ever make for your business and personal finances. This can include forming a limited liability company (LLC) or incorporating your business as an S Corporation or C Corporation.

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The Motley Fool

MAY 11, 2024

Your net worth is essentially a personal balance sheet, accounting for all of your financial assets and liabilities. Then, subtract your liabilities -- such as student loans, a mortgage, and any other debts. The Federal Reserve's Survey of Consumer Finances regularly catalogs various financial data from households across the U.S.,

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The Motley Fool

FEBRUARY 18, 2024

See, most states only mandate liability coverage, which pays for losses for others, and sometimes personal injury protection (PIP) coverage that pays for minor medical bills and lost wages for the policyholder in any accident regardless of who was to blame. Buying only this minimum coverage is relatively cheap.

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The Motley Fool

MAY 27, 2024

The Federal Reserve surveys American households every three years to catalog everything related to their finances and various demographic details. Age Group 18-29 30-39 40-49 50-59 60-69 70-plus % of Millionaire Households 1.05% 5.28% 15.33% 24.82% 27.51% 25.86% Data source: Federal Reserve Survey of Consumer Finances.

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The Motley Fool

JANUARY 16, 2024

Don't forget liability if working out with friends We all like to think we'd ever end up in legal trouble with a former friend. But if the worst happens and a workout buddy gets injured in your home gym, the fallout could be damaging to your friendship -- and your finances.

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The Motley Fool

MARCH 23, 2024

These tax mistakes could be separating you from too many of your hard-earned dollars -- and undermining your long-term financial wellness -- in your business and personal finances. If you do not have a clear, separate financial identity for your business and personal finances, you're making life harder for yourself.

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The Motley Fool

FEBRUARY 23, 2024

Not purchasing the required coverage could have dire consequences for a driver's personal finances and could even affect their ability to drive in the future. While the rules vary by location, some common types of required auto insurance include: Bodily injury liability: Bodily injury liability is required in almost every state.

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The Motley Fool

MAY 9, 2024

Every three years, the Federal Reserve publishes a financial snapshot of the American population with its Survey of Consumer Finances (SCF). For context, net worth is equal to assets minus liabilities. million Source: Federal Reserve 2022 Survey of Consumer Finances. The most recent SCF was conducted in 2022.

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Pension Pulse

NOVEMBER 27, 2023

“The whole concern is that if our own pension plans don’t invest in our backyard, is that sending a wrong signal to international investors,” said Mahmood Nanji, a fellow at the Ivey School of Business and former associate deputy minister at the Ontario Ministry of Finance. “I I think it’s more of a sort of gentle nudge.”

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The Motley Fool

MARCH 4, 2024

Let's look at a few reasons why understanding your car insurance policy can help you save money and make better-informed decisions for your personal finances. 2 Coverages Coverages Selected Premium by Coverage Coverages Selected Premium by Coverage Bodily Injury Liability $250,000/$500,000 $59.00 $250,000/$500,000 $61.97 1 Vehicle No.

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The Motley Fool

JANUARY 19, 2024

Image source: Getty Images One relatively recent change I've made to my finances is that I no longer carry around a debit card. Losing it could put my finances at risk If any piece of your financial picture goes missing, it could be a headache to secure your accounts and get your money back if someone's made fraudulent purchases in your name.

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The Motley Fool

MAY 7, 2024

If you choose to formalize the partnership, consider setting up your business as a limited partnership (LP) or a limited liability partnership (LLP). An LP is when only one general partner has unlimited liability, while other partners have limited liability.

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The Motley Fool

MAY 5, 2024

For example, a small business tax accountant can help you set up your limited liability company (LLC) to file taxes as an S Corporation. Your accountant can help you make better moves in your overall personal finances as a small business owner, and maximize your tax advantages.

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The Motley Fool

FEBRUARY 28, 2024

Most states (48 out of 50) require minimum car insurance Unless you live in Virginia or New Hampshire, your state will require you to have a minimum amount of auto liability insurance coverage. A common state standard: 25/50/25 liability insurance Different states have different specific requirements for auto liability insurance.

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The Motley Fool

FEBRUARY 10, 2024

They're all particularly sensitive to interest rates because they're required to pay out at least 90% of their taxable income as dividends in exchange for the ability to pass the tax liability on to shareholders. As a result, these passive-income machines tend not to hold onto much cash and must finance their acquisitions by taking on debt.

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The Motley Fool

MAY 30, 2024

However, the sale will turn what has become a liability into an asset by providing Tellurian with some cash to repay debt. It should help Tellurian secure project financing to build the export facility. Furthermore, it needs to secure investors to help finance about half of the multibillion-dollar project.

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The Motley Fool

FEBRUARY 28, 2024

And now the total cost of car ownership is forcing many Americans to rethink their personal finances and find savings in other ways. Choosing a liability-only insurance policy can leave you vulnerable to disastrous out-of-pocket costs. Image source: Getty Images Car insurance just seems to keep getting more expensive.

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The Motley Fool

APRIL 9, 2024

Image source: Getty Images Loud budgeting may be trending lately, but for the most part, people keep their finances private. Net worth, to clarify, is the value of all your assets minus your liabilities (debts). Improving your finances isn't an especially complicated process, but it takes time.

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The Motley Fool

JULY 11, 2023

Image source: Getty Images When it comes to succeeding with your personal finances, one of the biggest challenges is having a clear understanding of where your money is going and how to make it work for you. With its help, people can get a better understanding of their finances and make informed decisions.

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The Motley Fool

OCTOBER 28, 2023

31, now is an ideal time to get your finances in order. If you struggle with keeping your business finances organized, small business accounting software can be helpful. Your accountant can also advise you of potential end-of-year tax planning strategies to reduce your tax liability for the tax year. As we approach Dec.

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The Motley Fool

APRIL 29, 2024

Well, you just created a $10,000 tax liability for yourself -- meaning, the IRS gets to tax that $10,000 as income. Meanwhile, if you're already in retirement and have stuck with a traditional savings plan, make sure to read up on the different ways RMDs might impact your finances. Here are two other issues that could arise.

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The Motley Fool

DECEMBER 3, 2023

Model % More Expensive than Base (Liability) % More Expensive than Base (Comprehensive) % More Expensive than Base (Collision) Ford F-150 (Baseline) - - - Ford F-150 Lightning (5%) 98% 24% Ford F-150 Hybrid (1) 1% 76% 24% Ford F-150 Hybrid (2) 1% 98% 45% Source: Progressive.com. Assumed vehicle financing (instead of lease or purchase).

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The Motley Fool

MAY 30, 2024

The company is building three new fabrication plants in Arizona, a $65 billion project financed partly through the CHIPS Act, with $6.6 The company has a terrific business model with a 42% operating margin, $14 billion in cash generated from operations, and total assets that outweigh total liabilities by almost three to one.

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The Motley Fool

MAY 28, 2024

Image source: Getty Images Insurance isn't the most riveting topic in the world of small business finances, but it's surely one of the most important. Liability insurance is also likely a must for you -- especially if you interact with customers face to face or produce a tangible product that could harm someone.

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The Motley Fool

MAY 15, 2024

The main components include liability coverage (if you're responsible for harm to others), collision coverage, and comprehensive coverage (which covers theft and non-collision damage). However, never skimp on liability coverage; this protects you from potentially devastating claims if you cause an accident.

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The Motley Fool

APRIL 8, 2024

Your net worth is calculated by adding up all of your assets -- cash savings, investments, home value, and other property -- and subtracting your liabilities -- your mortgage balance, student loans, credit card debt, and any other money you might owe. Note that's far lower than the arithmetic mean of $1.06

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The Motley Fool

APRIL 16, 2024

Keeping your side hustle money separate from your usual personal finances can help make it easier to track your income and any tax-deductible business expenses.

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The Motley Fool

MAY 8, 2024

But if you're starting to make serious money from your side hustle, forming a limited liability company (LLC) or other legal business entity could be a good move. Setting up an LLC for your side hustle can help you in a few big ways: It keeps your business income (and identity) separate from your personal finances.

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The Motley Fool

FEBRUARY 1, 2024

This is a function of investors being concerned following a July report from The Wall Street Journal that alleged legacy telecom companies utilizing lead-sheathed cables could face large environmental/health liabilities, as well as replacement costs. Furthermore, any potential liabilities would likely be determined by the U.S.

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The Motley Fool

AUGUST 28, 2023

Here are the differences by generation when it comes to assets and liabilities. Liabilities by generation Americans have over $18 trillion in total debt. The largest liability across all generations continues to be mortgage loans , making up close to 70% of all liabilities. Trillion $4.99 Trillion $6.96 Trillion $5.62

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The Motley Fool

MAY 15, 2024

Under the conditions of bankruptcy, it is very improbable that Steward will be able to pay its $9 billion in total liabilities, $6.6 Recall that REITs usually finance acquisitions of real estate using debt, which they then repay over long periods; it'll be much harder to repay those debts now, which we'll get into a bit later.

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The Motley Fool

MARCH 3, 2024

federal government is now threatening to sue BHE's Pacificorp for $1 billion for its potential liability in the 2020 wildfires in Northern California and Oregon. With a limited upside and huge potential liability, why would investors want to own utilities? Union Pacific (NYSE: UP) $6,379 $4,773 24.3 Numbers in millions.

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The Motley Fool

MAY 10, 2024

The hospital operator recently filed for bankruptcy , backstopped by $75 million in debtor-in-possession financing by Medical Properties Trust. If Steward can sell additional hospital operations to financially stronger tenants, it would turn those properties from a liability to an asset for the REIT.

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The Motley Fool

MAY 2, 2024

Good accounting software will help you manage your finances by tracking invoices, paying bills, budgeting, and overall money management. This means you'll be able to zoom out and see your total revenue and expenses over the past few quarters, view projected tax liabilities, and generate financial reports about your business.

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The Motley Fool

DECEMBER 31, 2023

Image source: Getty Images It can be hard to know where you stand when it comes to your personal finances. Your net worth Your net worth is equal to your assets minus your liabilities. If you owe $320,000 on your mortgage, $10,000 on your car, and $2,000 on your credit cards, you'd have $332,000 in liabilities.

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Private Equity Wire

MAY 20, 2024

After that deadline has passed, Oaktree has the right to take control of Inter by claiming the collateral pledged in the 2021 financing deal – Suning’s majority stake in the club. If Oaktree does take control of Inter, it will be following in the footsteps of Elliott Management.

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