What makes one person more capable of making wise informed financial decisions, more than another person? Maturity? Experience? Intelligence? Education? Most likely, it's a combination of experience and common sense. There's no lesson quite as meaningful as the one we learn from a bad first-hand experience so, very often, the best advice will come from someone who's been burnt financially in the past!

It might seem that it's wise to never ever borrow and just live within our means throughout our whole lives. While there's certainly something to be said for that, debt is not always a bad thing. It's not necessarily wise to suggest to a young person or a potential mortgage-holder that they simply resist the urge to borrow. Effective debt-management often makes a great deal more sense than a total lack of debts in the first place. After all, one of the main criteria that banks use when assessing an applicant's suitability for a loan is credit rating i.e. the applicant's history of borrowing and, more importantly, history of repaying.

Your tactics - the way in which you go about getting your business; your five year plan for example. These are all strategically considerations and having a business plan in place will help to ensure you meet your objectives. Regular review of such a plan is recommended for maximizing your success.

This is a question that is weighing on most business owner's minds these days, especially since the banking crisis and the bailout debacle of late. Many of the big banks, that we were so certain were too large to have anything to worry about, failed. The small banks were almost expected to fail.  But that only makes one wonder if the business account is safe anywhere. The truth is it isn't.

The recession is going to be a very difficult period for everyone but most especially dentists. No matter how small one’s practice is, it is expected that dentists will be hit during these tough economic times. There is a lot to learn about recessions with history’s point of view in mind. When Japan went through a recession, their spending habits were dramatically changed. They consumed and bought less as compared to before their economy endured a recession. According to most economists, the recession which we are experiencing right now is predicted to last for five to six years. In that span of time, American’s spending habits will be dramatically changed. However, how will this change in spending patterns affect dentists and their practice?

Buying commercial property can be an excellent investment.  Not only can you benefit from good capital growth but you can also take a good income from the rental payments your property generates.  However, as with any investment, there are advantages and disadvantages of commercial property.  Our guide looks at three things you should always bear in mind when buying.

Is Mis Selling Financial Products A Thing Of The Past

The FSA, a government watchdog tasked with regulating the mortgage market has taken decisive action against mis-selling, ensuring that borrowers are compensated if they are misled.

DB Mortgages, a mortgage provider for the Deutsche Bank was hit was fines nearing £1 million last week for irresponsible lending practices and unfair treatment of customers in arrears. Whilst the government was penalizing the company, it also managed to force DB to repay £1.5 million in unfair fines and charges.