Financial security expert Pamela Yellen, author of Bank On Yourself: The Life-Changing Secret to Growing and Protecting Your Financial Future, believes business owners are prone to making financial mistakes that undermine their efforts to build wealth. Here are the top five mistakes she sees and strategies on how to avoid them. Read more...
The Top 5 Financial Mistakes Business Owners Make
From Mitchell York, About.com Guide September 6, 2010
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yes i agree with you, every one mistake take the business in deep place and value of that business is being decreases
This whole article looks like a pitch for whole life insurance.
Never mix up insurance with investing. Who insures the insurance companies that make these promises of guaranteed returns. Guess what they invest your money in Real estate and stocks and bonds – and their big buildings so their Guaranteed return is not worth that much in a credit crisis where major banks and even the dollar itself are shaky. If the dollar has depreciated by 80% against gold in the last 5 years what is a 6% return paid in dollars really worth?
Wow, worst advice I’ve ever seen. Might as well advise us to stash cash under the mattress. Can’t imagine any pro-active, risk taking entrepeneur using this super cautious approach and trusting it all to a life insurance plan.
Real investing and protecting savings or earned income requires a little more effort and education than this plan.