The goal is for you to achieve financial freedom

  Interest rates are at an all time low, but how long will it last? Here and in many other economies, the steady decline in interest rates means investors and SME owners can borrow larger sums of money for business interests and mortgages. Banks are more than willing to provide these funds, even relaxing the tougher borrowing conditions of the past few years. However, these rates may not last, with many experts believing that the downward trend in interest rates is coming to an end. Before rates begin to rise again, SMEs may want to consider capitalising on the low rates. Putting as much money into your existing large loans can potentially save thousands. If a business’s loans come from various sources, an SME could look into consolidating them into one low rate account. This will help organise debt as well as keep track of it. Next look at the business credit cards. If the current supplier is not dropping their rates; shop around for a more flexible competitor. And although property i

  A contributing factor to a business's success is the owner's personal financial stability. Business owners who carry personal financial troubles into their business risk being distracted by their personal situation, which can affect concentration levels and decision-making processes. Rather than thinking of how to keep improving a business, time may be spent instead thinking about how to earn any much-needed money. Owners should also keep their personal financial situation completely separate from their business in terms of money. Borrowing any money from the business to pay personal bills can very quickly lead to a disaster. One way business owners can avoid this kind of predicament is to clarify and track their business goals, as well as face up to dealing with the obstacles that will come with running a business. There will always be rough patches that can set a business back a few steps, but that doesn’t mean that the business is a failure. Setting a series of small goals