Prudent Fiscal Planning (Part 5): What I Am Worth

Now that we understand income,  expense and net income–which we arrive at by subtracting expenses from income in any given period–we are now ready to look at the balance sheet, which few understand, but is essential when trying to get a truer understanding of one’s net worth. Everyone’s fiscal interactions with others, which happens everyday…

Continue Reading

The Internship Dilemma

While internships give new professionals valuable experience, Federal laws prohibit interns from doing tasks that a company would otherwise pay an employee.   In California, interns are required to earn college credit in place of being paid.  Since college students seek internships to be competitive for decreasing numbers of jobs, given the current economic circumstances,…

Continue Reading

Prudent Fiscal Planning (Part 2): Income’s importance in Fiscal Planning and its Effect on Our Standard of Living

In the first post of the series, I discussed the need for prudent fiscal planning in these difficult economic times. Although it may seem that the economy has turned the corner from the most recent, yet severe economic downturn (recession), there are many storm clouds looming on the global economic horizon that could have a…

Continue Reading