How to Increase your Business’ Profit Margin in Under One Year

From Broke to Ballin - Up Your Business' Profit the right way #smallbusiness #profit #reviews #entrepreneur #growth

  Increasing your business’ profit margin can be an incredibly difficult task – especially when you’re juggling bills, chasing down accounts payable, and working to develop your staff to their full potential. Well, we’ve had some time to experience the highs and lows of business ownership, and this post is our step-by-step guide to earning more while doing the work you love.   How to Increase your Business’ Profit Margin in Under One Year    But first – A MikedUp Blog Original:   “We’re on track to come up about $20k short…” As I said the words to my business partner, she was understandably irate.   “Excuse me? $20k… That’s a lot of k’s!!!”   You see, there are great advantages to being in business with your spouse, but explaining the fact that we are about to be broke and maybe not make payroll in three months – is not one of […]

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What You Should Know About Health Insurance in 2019

What You Should Know About Health Insurance in 2019

    (This is a sponsored post discussing what you should know about health insurance – please see my disclosure for more details.)   Open enrollment just ended and 2019 is in full swing! If you’ve recently enrolled in health insurance, hopefully, you know a thing or two about your new plan. But if you’ve worked at the same company and have received the same health insurance year after year, it’s easy to just click a few buttons without fully reading the fine print.   Are you up-to-date with the latest news?   Knowledge is power and we’re here to discuss some of the most important 2019 health insurance trends—so that you can confidently make an informed decision about your provider and their packages.     What You Should Know About Health Insurance in 2019   You’re No Longer Required to Have It   You probably recall when it became […]

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Wins and Losses Series: Riley from Young and the Invested – “It’s not what you buy, but what you pay”

Wins and Losses Series: Riley from Young and the Invested - "It’s not what you buy, but what you pay"

Hi, Team!   Welcome to another edition of MikedUp Blog’s Wins and Losses Series, where we interview a generous participant about 4 of the best and worst moments of their life. The point? To learn from the past so that we can improve in the future!   If you’re interested in participating in the Wins and Losses Series, please send me a note here (you don’t have to be a blogger to participate!)   (Photo courtesy of MissFunctional Money)   Check out the complete Wins and Losses Series Here   This week we have: Riley from Young and the Invested!   Take it away, Riley!     My name is Riley Adams and I blog at Young and the Invested, a site dedicated to growing an online community for young professionals looking to improve their financial literacy and develop strategies to reach financial independence.  I’m a senior financial analyst at […]

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Reviewing the New Release – “Financial Freedom” by Grant Sabatier

  This post is part 8 in Rockstar Finance’s latest “Traveling Book Review” where different bloggers each raise their hand to review a chapter in an upcoming book – this time: Financial Freedom. The idea is to start with the blogger reviewing Chapter 1 (Money is Freedom, in this case) and progress through to the end (Living a Richer Life – Chapter 14) – in order to get a good feel for what to expect in the new book.   This installment of the Traveling Book Review is centered around Grant Sabatier’s Financial Freedom: A Proven Path to All the Money You Will Ever Need.     Here’s a Financial Freedom chapter list to kick us off:   1- Money is Freedom 2- Time is More Valuable than Money 3- What is Your Number? 4- Where are you Now? 5- Next-Level Money 6- Is it Worth it? 7- The Only Budget […]

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Wins and Losses Series: Jon from Compounding Pennies – “My happiness came from impressing others”

Wins and Losses Series: Jon from Compounding Pennies - "My happiness came from impressing others"

Hi, Team!   Welcome to another edition of MikedUp Blog’s Wins and Losses Series, where we interview a generous participant about 4 of the best and worst moments of their life. The point? To learn from the past so that we can improve in the future!   If you’re interested in participating in the Wins and Losses Series, please send me a note here (you don’t have to be a blogger to participate!)     Check out the complete Wins and Losses Series Here   This week we have: Jon from Compounding Pennies!   Jon helps people improve their finances one day at a time at his blog Compounding Pennies. There he writes about his struggles and successes with money. By making small changes every day, you will see a massive change over time.   Take it away, Jon!   When I first read the Wins & Losses series, it […]

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How to Be a Financially Fit Day Trader

  (This is a sponsored post discussing the in’s and out’s of how to be a day trader – please see my disclosure for more details. Image via Flickr by schrierc)     The basics of how to be a day trader   Day trading is a great option for those who want to make a good income while having the flexibility to work anytime, anywhere. However, it can be a risky venture, especially for beginners. Many new traders just want to learn how to set up their charts and start making money right away.   If you want to make a steady income from day trading, you need to spend enough time learning the ropes and have the discipline to follow a set of rules that many traders abide by to achieve long-term success. Discover how you can be a financially fit day trader.   Treat Day Trading Like […]

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Ideas For How to Make Extra Money on the Side

Ideas For How to Make Extra Money on the Side

  Michael Williams is here today with his post on how to make extra money on the side. We’ve talked previously about why you need to start a side hustle, and Michael is here to add context to that argument, as well as give you some great options on how to get started.    Take it away, Michael:     Ideas For How to Make Extra Money on the Side     The term ‘Side Hustle’ is used a lot now, gaining popularity over the past few years. Surprisingly, it isn’t a new term, being used by American newspapers as far back as the 1950s where it described the work undertaken by people outside of their main jobs.   It’s clear that making a bit of extra cash on the side has been a part of life for a long time, but in tandem with the term ‘Side Hustle’, it’s […]

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When you Accidentally Pay the Mortgage Twice in December

“…But if you paid the mortgage twice, we’d be out of money in our checking account…?” Was Monica’s inquisitive statement.   “Exactly.” – My response     Let me briefly set the “I double paid the mortgage” table here…   We’re in the heart of December now. Christmas gifts, travel plans, party preparations, and a whole heap of other activities were on the mind (and the budget). Add that to the regular bills and responsibilities… I’m probably preaching to the choir here – we’re all busy, right? ’Tis the season!   I’m crying a bit to write this, but our student loan and mortgage payments only differ by a few cents. We take advantage of the automatic withdrawal functions for both but a recent refinancing of the student loans (blog post to follow next year) was done through a new lender, and hence a new website.   The combination of a hectic season […]

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7 Things You Should Never Say in a Job Interview

7 Things You Should Never Say in a Job Interview

This post originally appeared on Victori Media and is republished here with the blessing of its author – Tori Dunlap. As someone who has gone through his fair share of interviews as a job applicant and while we are new business owners who regularly interview hopeful candidates, I think Tori’s post below can help us all! That’s why I’m stoked she has agreed to share this information with us!   (Photo courtesy of Kevin Newton)   So without further adieu, I’ll let Tori take it from here…     Let’s play Would You Rather for a second: job interview or dental work with no novocaine? I know, it’s a hard question.   Job interviews can feel like you’re walking this strange tightrope: be confident, but not cocky. Excited, but not frantic. Professional, but not stuffy. You want to impress your interviewer: express your qualifications, ask good questions, and follow up flawlessly. And […]

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How to Track Expenses – Methods That Work and Some I Hate

How to Track Expenses - Methods That Work and Some I Hate #personalfinance #expenses #tracking #budgeting #financialplanning

Team – Today we are fortunate enough to have another “Mailbag” post to share with you! Matt reached out a few weeks ago asking for some context about how to track expenses. I thought the question was a great one and because I had more than a few lines to write – I thought this made for a great Mailbag candidate post!   (Photo courtesy of Justin Montemarano)   I’ll let Matt set up his question about how to track expenses:     Hi Mike,     I just read your article from business insider. I related to a lot of aspects of your families story, and at the exact same spot in life. More exciting to me was the relatability of you and your wife’s approach to finances. I’ve been looking for a better way to track our families daily expenses, and I’m wondering what you use to track daily expenses?   […]

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