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Why Liability Insurance Is a Must for Any Small Business

The Motley Fool

But forgoing liability insurance could be detrimental to your business. Here's why liability insurance is a must, as well as a few tips on how to get the right coverage for your business without paying too much on your business credit card. What is liability insurance?

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Taking Charge of Your Aging Parents' Finances? Here's Who to Talk to First.

The Motley Fool

That unpaid care often includes taking responsibility for their aging parents' finances. Your parents The crucial first step is honest, open conversation with your parent or parents about the state of their finances. You should also be aware of your potential personal liability for your parents' expenses.

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5 Ways to Protect Your Personal Finances Against Identity Theft

The Motley Fool

Here are a few ways to protect your personal finances against identity theft. Many credit cards offer $0 fraud liability protection, meaning you won't be liable for fraudulent charges that you report. Doing this helps you stay informed about your finances and gives you greater insight into what information creditors see.

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Navigating Finances Together: A Guide for Newlyweds and Engaged Couples

Walkner Condon Financial Advisors

Whether you are engaged or have recently married, developing a plan to combine finances with your partner can significantly reduce finance-related stress down the road by promoting transparency and simplicity in your relationship. Discussing finances isn’t the most exciting topic in the world for most people, (except for me!)

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Here's the Average Net Worth for People in Their 30s -- and 8 Ways You Can Boost Yours

The Motley Fool

Here's how much the average adult in their 30s is worth Net worth is simply a measure of your assets minus your liabilities. Liabilities are debts, like mortgages , auto loans, personal loans, and credit card debt. Assets include things you own, like a home, a car, retirement savings, bank accounts, and personal property.

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Is Your Net Worth Higher Than Your Peers? Here's How to Find Out.

The Motley Fool

However, I didn't start measuring my net worth until years later, which is the actual number you'll need to know to see how your finances are faring. million , according to the Federal Reserve's latest Survey of Consumer Finances. million $192,700 Data source: Federal Reserve 2022 Survey of Consumer Finances.

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9 in 10 Americans Regard Their Homes as an Investment, Not a Liability. But Here's Why You Shouldn't Look at Your Home as an Investment

The Motley Fool

In a recent Bank of America survey , 91% of respondents say they view their home more as a valuable investment than as a financial liability. If that's your mindset, then by all means, embark on a home search and start contacting mortgage lenders to see if you qualify to finance a home. Instead, keep renting.