Transitioning from one owner to another is a difficult feat as it is, so imagine the tension that could arise when a business is passed on to the next generation. Discover how to prepare for the next generation of family business via David S. Chang.
David S. Chang discusses how you can assist a loved one that chooses to live at home independently.
David S. Chang details a few tips to keep in mind when you are planning for retirement.
David S. Chang provides a few red flags to watch out for when purchasing a long term care insurance policy.
The fear of missing out can take a hit on your motivation to keep striving to complete your goals as an entrepreneur. David S. Chang provides a few tips for keeping yourself motivated as a young entrepreneur.
For articles like this, visit David's website at davidschang.org.
There has long been a great deal of debate among personal finance experts about when to use a mortgage to buy a home and when to use cash. Radio talk personalities, like Dave Ramsey, generally recommend paying cash whenever it is at all feasible to do so. However, there are some real plusses and minuses to using cash to purchase a home. And even for those who have the cash to cover the full purchase of a house, doing so may not always be the best option.
Paying cash has many advantages
Automation wasn’t possible for finance departments a few years ago. The advancements in technologies like cloud and robotics, however, make it more likely that finance automation solutions will soon become the norm. It’s an opportunity for the industry to free up the workforce from repetitive tasks and move into more high-value endeavors. Forward-thinking financial departments are already using emerging technologies like cloud computing and robotics to automate their processes. It’s crucial f...
When senior citizens reach a certain age, they may need to think about long-term care because it is difficult to live alone. Today, there are numerous options for long-term care, so a senior citizen can think about where he or she wants to live during the aging process. Here are some of the tips for choosing the best long-term care option.
Tip 1: Stay in a Home or Move to an Assisted Living Facility?
A senior citizen can remain in their own home but still have long-term care by hiring helpers...
It’s normal for individuals to often mistake some of the financial products for long-term care insurance policies. However, the comparison between the two kinds of products should never be entertained because one happens to be of more significance and vitality compared to the other. Long-term care insurance is an essential product that offers security for individuals in their older ages when they are weak and require a lot of assistance from the people around. Additionally, the policy also co...
To many, retirement seems like an impossible puzzle of moving parts that never seem to fit together quite right. While saving for retirement can be complicated, it doesn’t mean you shouldn’t take the time to learn some important aspects of retirement savings. For example, one of the most common retirement plans is a 401k. You may have heard of one, but they are often overlooked. What exactly is a 401k and how can it help workers achieve their retirement goals?