Lin Chen based her beauty and “wellcare” (wellness + self-care) company Pink Moon on the concept of “by women, for women,”, but in just a few short years of existence, it’s come to represent much more. Operating as both a consultancy and digital boutique that thrives on inclusivity and social impact, Pink Moon welcomes all customers, including those who identify as cis, trans, and non-binary. It sells a substantial number of products produced by firms owned by Asian women and women of color....

Learn more about accounting for an S corporation. Accounting for Income and Expenses S corporation accounting is generally the same as C corporation accounting in that income and expenses are reported at the corporate level. The nature of various types of income and expenses are identified at the corporate level as well. S corps can choose an accounting method that’s best suited to reporting the income and expenses of a particular company....

Setting goals can be helpful in every area of your life. Goal-setting can enhance motivation, self-confidence, and independence. When it comes to establishing a business, having a plan is crucial. According to Bernard Ferret, a senior business counselor with George Mason University’s Small Business Development Center, good goals are “based on solid research, provide a clear direction, and set expectations for all involved.” In this article, you’ll learn what an action plan is and how to create one that really works for your home business....

For a start, there are laws that prohibit employment discrimination because of age. In addition, there are a few strategies you can use to help mitigate age discrimination issues. What is Employment Discrimination? Employment discrimination happens when a job seeker or an employee is treated unfavorably because of his or her race, skin color, national origin, gender, gender identity, disability, religion, sexual orientation, or age. The Gray Ceiling What is the “gray ceiling” and why does it matter?...

But is purchasing a new car with an interest-free loan a better choice than purchasing a used car with a loan with interest? You may think that the interest-free option is undoubtedly the better choice. After all, you don’t have to pay interest on the car. But this doesn’t take into account other factors to consider when purchasing a car, such as depreciation of the car. How Much Will You Lose When You Purchase a New Car?...

Advantages of a Roth IRA that compared to a traditional IRA include tax-free qualified distributions and the ability to withdraw any amount of your principal penalty-free. Also, Roth IRA’s do not have a required minimum distribution after age 70½ as there is with a traditional IRA. Let’s learn more about income limitations for holding a Roth IRA, contribution limits (and special rules for individuals over 50). You’ll also learn about alternative options for getting the benefits of a Roth IRA if you’re earning more than the Roth IRA limitations....

Cost Factors for Water Damage Repair The cost of repairs will vary, depending on where the water damage occurred. Take into account the size of the affected area and the materials that will have to be replaced or restored. Home insurance may cover many types of water damage, depending on the cause. You must add three sets of costs to pin down the total sum of your repairs. Take into account the cost of water removal, cleanup, ventilation, and decontamination, as well as the cost of building and structural repairs....

Repeat buyers may be able to use the proceeds of the sale of a previous residence, including potential equity gains, toward their down payment. But first-time homebuyers don’t have that advantage, and sometimes must decide between paying the minimum down payment to qualify for their loan and making a larger down payment that could reduce their loan costs in the long term. If you’re in this situation, here’s what to consider as you plan for your down payment....

Traders look at a much larger picture to understand commodity value. Learn more about the history of backwardation and contango—and why they matter. Grades of Commodities The market structure includes premiums or discounts for different grades of commodities as well as processing spreads wherein one commodity is the product of another. It can also include the substitution of one commodity for another, in addition to inter-commodity spreads and calendar spreads....

When You Stop Paying Creditors can’t really force you to repay after you default on a loan. Making payments is something only you can do (voluntarily). However, lenders do have several ways to “motivate” you to pay, and they can enlist tools to help them collect money indirectly. Your Credit Scores When you stop making loan payments, damage to your credit is one of the first impacts you’ll notice. The missed payments appear on your credit reports, and as a result, you end up with lower credit scores....

The property that you’re allowed to keep in a bankruptcy case is called “exempt property.” The bankruptcy code requires that you claim those exemptions, so the court and your creditors will know what property you intend to keep. Bankruptcy Exemptions State and federal laws define assets that can be claimed as exemptions. Exemptions are not only used for bankruptcy filings; they apply when a creditor obtains a judgment and wants to take the property of a debtor to satisfy the debt....

Why No-Load Funds Work No-load funds are ideal for beginners because they are free of broker commissions and sales charges, collectively known as “loads,” which are intended as payment for advisory services. If you are buying your mutual funds, it is assumed that you have already made the do-it-yourself vs. advisor comparison and have decided to go it alone with your mutual fund purchases. Therefore, there is no good reason to pay fees with load funds, especially because no-load funds often provide returns superior to load funds over long-term holding periods....

Before giving into any pressure to solely rely on financial aid or student loans to cover the costs of college, look at all of the other ways you can pay for college. Even if the fall semester of freshman year is just months away, consider these college savings tips. Use a 529 Prepaid Tuition Plan Prepaid college tuition plans are a type of 529 savings plan and they offer a great alternative to standard fixed interest rate investments or accounts....

A good checking account has minimal fees, deposit insurance, easy access to cash, and crucial features like mobile deposit and online bill pay. For most people, it’s hard to go wrong with any of the banks on this page, but when you have particular needs, one bank might have a slight edge over the others. Ally Bank Interest Checking Account: Best OverallDiscover Bank Cashback Debit Account: Best for Cash Back RewardsSchwab Bank High Yield Investor Checking Account: Best for Frequent ATM UsersChase Bank Total Checking: Best With Nationwide BranchesNASA FCU eChecking Account: Best Credit Union...

Barring fluke markets rental real estate can significantly outperform bonds for most people, no matter whether they are investing in corporate or government debt securities. Risk vs. Return If you’re considering whether to invest in bonds, real estate, and rental properties, you’ll want to consider the risks versus the returns. Bonds are relatively safe, but the safer the bond investment, the lower the interest rate of return. Government bonds are considered almost risk-free and have meager yields that are frequently below the rate of inflation....

Typically a buyout agreement lays out when an owner can sell their interest in the business, who can buy an owner’s interest (for example, whether the sale of the business is limited to other shareholders or will include third-party outsiders), and the valuation methods used to determine what price will be paid. A buyout agreement may also stipulate whether or not a departing partner has to be bought out and what specific events will trigger a buyout....

A short sale occurs after a mortgage lender agrees to a transaction that nets it less money than it is owed by the borrower. Because the bank is already losing money on the sale, it won’t be willing to make any repairs the buyer would typically request after having a home inspection, even those that are issues of health and safety. That’s why the house is sold “as is,” meaning its current condition or the condition it was in when the buyer first looked at it....

Things may seem desperate right now, but you can get through this. Repossession and bankruptcy are both situations we hope to never deal with, but they can happen to anyone. Regardless of how you got here, the focus should now be on the future and how to turn things around. If you are considering filing for bankruptcy and worried about the possibility that your car might be repossessed, here is what you need to know....

The good news is you can use digital cryptocurrency, or “crypto,” such as bitcoin to buy your first home, or at least help with the purchase. But because it’s fairly uncharted territory, there are a few things you should know about doing so. Learn more about how buying a house with cryptocurrency works, some strategies to consider, and the pros and cons of using bitcoin to purchase real estate....

Eligibility for partial unemployment depends on the state you work in and on your qualifying for unemployment compensation based on your employment history. Here’s information on collecting unemployment when you have a part-time job, qualifying for partial unemployment benefits, and how much compensation you can collect. Unemployment Eligibility When You Work Part-time Unemployment benefits are designed to help workers temporarily bridge an income gap caused by a loss of employment that came about due to no fault of their own....