Tag: finance
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Coming Soon: Pythia…
Coroebus is 3! According to the ancient poet Pausanius, Coroebus of Elis won the first gold medal of the ancient Olympic games in 776 B.C. by defeating his competitors in the stadion race. Taraje chose to name his business Coroebus to help fulfill a childhood dream to become the first male U.S. Olympic Champion in…
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Happy Independence Day!
As we complete our third year in business, I would like to take this opportunity to thank our clients, family and friends. It has been a difficult road but as we continue to meet the challenges we face daily, the aureate beacon of CWM continues to brighten. July 23rd marks the third anniversary of our Grand Opening…
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Time Value of Money Primer
Time value of money (TVM) is represented by the difference in value of some dollar amount of money or cash flow(s) over a period of time, assuming one can earn some sort of return on the money available. Simple interest is calculated on the principal only while compound interest is when one also earns “interest…
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Do you need a will?
An estate is all the rights, titles, or interests that a person (living or deceased) has in any property. Estate transfer is the act of conveying title to property interests from one person to another. Selecting proper estate transfer alternatives is the key to efficient and effective estate planning. At death, transfers occur either through…
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Business Plans…
On May 3, 2013 I was fired from my previous position. When I got dressed that morning I chose my best suit, tie and pocket square, and made sure they coordinated perfectly. It was Friday and I knew my life was going to be different from that day on. After being escorted out of the…
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How your budget may be limiting your dreams…
budget: an amount of money available for spending that is based on a plan for how it will be spent; Latin bulga bag, wallet or purse dream: a series of thoughts, visions, or feelings that happen during sleep; an idea or vision that is created in your imagination and that is not real It may be…
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Inflation Primer
Inflation is defined as the price increase of consumer goods and services over a given time period. It is typically measured by price indexes that mark the fluctuation of the cost of either a specific or general basket of goods and services. Each year the cost of food, drink, clothing, transportation, health care, recreation, education,…
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Risk & Return
My 30th birthday brought on a serious meditative analysis of my life and self identity. I have some great accomplishments but have paid dearly for the rewards. As a child of age 5 or 6 I remember having two dreams; to be a world renowned scholar and Olympic champion. I have sacrificed time, sleep and…
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13 Questions for the Aspiring Entrepreneur
What is an entrepreneur? Why have you chosen your industry? Do you want to run a business? Why? Where is the market opportunity? Is this endeavor your passion? Can you afford to focus your energies solely on your business? Would you try again if you were to fail? How big would you like to get;…
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Do you believe in opportunity costs/risk?
According to Merriam-Webster, opportunity cost is the added cost of using resources (as for production or speculative investment) that is the difference between the actual value resulting from such use and that of an alternative (as another use of the same resources or an investment of equal risk but greater return). Opportunity Cost = greater rate…