Tag: finance

Why Is It Important To Maintain Proper Active And Passive Income Streams
Finance

Why Is It Important To Maintain Proper Active And Passive Income Streams

Passive income is the earning that you get from rental property or an enterprise with which you are not actively connected. This income is also taxable similar to active income. It is important to maintain both the income streams. Also, there are plenty of ways in which you can make both the incomes. Even if you do not work, you can maintain the flow of passive income. But active income is available as long as you work. Therefore, some reasons why passive income is important are given in the following part of the article. Passive Income Gives Freedom Of Time Time is the biggest asset, and therefore, the above said income provides freedom of time. Unlike money, time can be used only once. Besides earning to meet your financial requirements, you have freedom of time. This does not...
What Is The Role Of Finance In The Decision Making And Strategic Planning Process
Business, Finance

What Is The Role Of Finance In The Decision Making And Strategic Planning Process

The financial metrics of a company is for assessing its performance. If you ask what finance's role is in the strategic planning procedure, there's no single role (but many). After all, it helps establish & monitor measurable and specific financial strategic requirements and goals on an integrated and coordinated basis. Therefore, it enables the firm to operate effectively. Financial goals & metrics establish some significance: Free Cash Flow It happens to be the measure of the financial soundness of the firm. It shows that financial resources get utilized for generating additional cash for future investments. It represents net cash available upon deducting investments & working the capital increases from operating the firm's cash flow. Economic Value-Added It's...
What Things To Consider For Choosing The Right Financial Advisor
Business, Finance

What Things To Consider For Choosing The Right Financial Advisor

Establishing a good relationship with your financial advisor is definitely essential, and prior to that, you have to consider certain factors depending on which you would be able to contact the right one. Research online and know about the determining factors in getting the right one. Simply do not choose the one that comes in the top of the list, instead, go through the reviews of the financial advisor and get to know about the past records of his clients and check whether he handled his past cases with utmost efficient or not. You can expect some key traits in the financial advisor that you choose and it would also ensure that you get the best advice. What Questions Should You Ask A Financial Advisor? Know About Qualifications – A lot of changes take place in the financial wo...