Business & Finance

Back to Basics- What is compounding?

Updated 8 months ago

Sometimes we use terms that must seem like lingo, unknown terminology, to folks who may not understand what is meant. We want everyone to feel included in this conversation so we will have back-to-basic sessions once in a while to explain concepts.

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Love and Money- Do They Mix?

Updated 9 months ago

 

Valentine’s day is coming. It’s a day to let people you love know how special they are to you. Don’t mix love with money. But you don’t need to use buckets of cash to demonstrate your affection.

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Business 101

Updated 9 months ago

Business 101

MaineStream Finance offers Business 101 on the Web or Live in Bangor, Dover-Foxcroft or Lincoln
Business 101 – Thinking Of Starting A Business? (1 hour free workshop) This workshop provides an overview of the pros and cons of operating a microenterprise. What a business plan is? Why it is needed and resources for business development assistance. Topics Covered: Being An Entrepreneur, Business Success, Professionalism, Business Plan, Networking, Resources, Budgeting & Planning, Credit and a Review of Upcoming Classes and Workshops. Business Plan, Marketing, Credit, Record Keeping, Financials and Cash Flow, as well as, many other topics.

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Is This the Year You Start a Business?

Updated 9 months ago

 

Is this the year you start a business?

Deb Neuman has some tops:

Eastern Maine Development Corporation (EMDC)
financing/training
www.emdc.org

207.942.6389
Small Business Development Centers (SBDC)
counseling/training/on-line workshops
www.mainesbdc.org

207.780-4420
State of Maine – Business Answers
info/forms/licenses
www. businessinmaine.com

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Back to the Basics: Mutual Funds

Updated 9 months ago

Several times a year I try to do a segment on terms that are used in investing. Even if you’ve invested for years, if no one has explained these terms, you might not know them. So today’s term mutual fund and key points to remember.

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Business 101

Updated 10 months ago

MaineStream Finance offers Business 101 on the Web or Live in Bangor, Dover-Foxcroft or Lincoln
Business 101 – Thinking Of Starting A Business? (1 hour free workshop) This workshop provides an overview of the pros and cons of operating a microenterprise. What a business plan is? Why it is needed and resources for business development assistance. Topics Covered: Being An Entrepreneur, Business Success, Professionalism, Business Plan, Networking, Resources, Budgeting & Planning, Credit and a Review of Upcoming Classes and Workshops. Business Plan, Marketing, Credit, Record Keeping, Financials and Cash Flow, as well as, many other topics.

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Finance is Fun: Practicing Charity

Updated 11 months ago

In this Finance is Fun, Marion Syversen joined Caitlin Burchill on TV5 News at Noon to talk about practicing charity.

 

Why – Why practice charity? Why give? From compassion. Imagining the difficulty that others feel and wanting to alleviate their suffering if only temporarily. At times of festivities, family gatherings, abundance and sharing we look at the meagerness of another’s cupboard. Why practice compassion? Because at this time of religious celebration we remember that true love sacrifices for others.

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Consumer Contact: Ratewatcher and JP Morgan Chase and Co. Breach

Updated 11 months ago

Russ Van Arsdale was in for this week’s Consumer Contact with a couple of topics to talk about.

The first topic Russ talked about is the Ratewatcher Telecom Guide. This guide helps consumers find the best services and latest prices for Internet, telephone, and cell phone service in our state. If you are not one of their subscribers, you can got online to maine.gov/meopa to download and print this years guide for free.

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Mind Your Own Business: Support Local Businesses

Updated 11 months ago

You can help support the local economy while holiday shopping. It’s as simple as shopping at local businesses. Deb Neuman joined Jim Morris on TV5 News at 5 with suggestions in “Mind Your Own Business.”

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Ways to be Happy

Updated 12 months ago

We’re coming up on Thanksgiving, a time for gratitude. Some of us are not happy. We think that ‘if only’ we had this or that, we could really enjoy life. Studies indicate that though your natural happiness ‘set point’ has genetic components, happiness is also a choice. Here are seven happy tips.

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Retirement and your 401K

Updated 12 months ago

Review your mix – Have you looked at your investments at all since you initially chose them? I know you may feel confused about the holdings, but there will be fund information available that may tell you the mix of stocks and bonds in the account, if the fund is international or domestic, etc. use that and your risk and goals to help plan.

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Ways to Improve Your Credit Score

Updated 1 year ago

By- Marion Syversen

How can you improve your credit score? The exact formula used in a FICO score (Fair Isaac Company,

the company that computes credit scores) is a proprietary secret, just like the Colonel’s secret recipe for

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Mind Your Own Business: October Events for Business

Updated 1 year ago

In this edition of “Mind Your Own Business,” Deb Neuman joined Carolyn Callahan on TV5 News at 5 to tell us about some upcoming events for business.

 

 MaineBiz Momentum Convention

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Consumer Contact: Auto Warranties

Updated 1 year ago

Russ Van Arsdale was in for this week’s Consumer Contact talking about extended vehicle warranty protection.

Russ told us about a website that helps when comparing warranties and what are reliable warranty protection programs and which ones you should stay away from. The website that Russ suggested consumers to us is edmunds.com. He says search warranties on the website to get a list of manufacture warranties that are available. You can compare the costs and coverage of these warranties also through this website.

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Mind Your Own Business: Help for Small Businesses

Updated 1 year ago

There are a lot of rules and regulations governing commerce, but there is help out there for small businesses. Deb Neuman joined Jim Morris on TV5 News at 5 to in explain in this edition of “Mind Your Own Business.”

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Mind Your Own Business: Disaster Preparedness

Updated 1 year ago

September is Disaster Preparedness Month. Deb Neuman joined Carolyn Callahan on TV5 News at 5 to talk about it in “Mind Your Own Business.”
Review insurance policies

Update as biz grows
Flood insurance?
Business interruption insurance?
Develop a contingency plan

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Financial Upheaval and the Sudden Loss of a Loved One

Updated 1 year ago

Things happen because life is full of surprises.

And some of them are hard.

No one can protect you from sudden loss, but here are some ideas to provide some guidance.

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Consumer Contact: Door to Door Home Repair Scams

Updated 1 year ago

 

Russ Van Arsdale was in for this weeks Consumer Contact to tell us about how to avoid being a victim of one of these door to door repair scams.

If you have been a victim of one of these scams make sure you first contact your local law enforcement agency and then notify the Maine Attorney General’s office at 626-8800.

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Back to School

Updated 1 year ago

Practical ways to teach folks about money are the best. Back-to-school shopping is the perfect opportunity. Many of us are doing a good job on this, but let’s look at some great ideas to help tweak things.

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finance is fun


Keeping Focused

Updated 1 year ago

Can you keep being frugal and saving money top-of-mind without spending too much time? If you put a few things in place you can make it easy. Do one thing a day, or a WEEK, and maybe you can save a bit of money.Sign up for online credit sites – We’ve talked before about sites that will give you an idea, within a range, of your credit score, though they are not credit reporting sites. CreditKarma and others provide an idea of how you’re doing on your road to financial victory. Do also make a few minutes to call on your actual credit reports annually. They are free. And you can get them all at AnnualCreditReport.comSave cheap sites – If you buy your airline tickets online organize your frugal shopping sites to not only save money but your valuable time. Include consumer review sites like the BBB, so you can check complaints that may be available. You may want to use a separate email for the daily posts from coupon sites, so take a few minutes to activate an email. Helps with clutter.Use comparison sites to find better rates – Web sites such as Billshrink.com compare cell phone costs, satellite or cable providers, even gas stations to give you some idea of where you may save money. They are now TruAxis, but you can find Billshrink at billshrink.comConsider increasing your saving today – Have you refinanced your house? How’s the interest rate? It only takes a few minutes to make a call and get an inquiry started. What about your 401(k) or IRA? Call HR and get the paperwork sent to you to up your savings rate today. Are you satisfied with what you are saving in your emergency fund? Get online with your financial institution and up the amount you save per pay period. There! You are taking control and saving money. Great job, you.Citation:http://www.familycircle.com/family-fun/money/fast-money-saving-fixes/Marion Syversen, MBANorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.comCheck out our website that includes weekly streaming videosWWW.NorumbegaFinancial.com Disclosure:Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Wall Street Financial Group, Inc. and Norumbega Financial are separate entities, independently owned and operated.

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