In order to start your own business, you need more than just passion...you need money! This Changes Things hosts Baker Machado and Hope King talk through a few different ways you can raise money to fund your dream business.
For starters, you can go to the bank and ask for a loan or credit card line of credit. You can also request a small business grant from the government. In addition, you could negotiate an advance on services from a client you know is already interested in your work.
However, if you want to do it a little more grassroots style many small businesses have had success on crowdfunding websites. Sign up for Kickstarter or GoFundMe to offer an incentive or product for donations.
It's a benefit to have a 401k plan with your employer but it can also be stressful to decide how to best allocate your contributions. Michele Schneider, partner and director of trading research and education with MarketGauge.com, joined Cheddar News to explain which markets are best to invest in, depending on your age demographic.
There is no specific formula or playbook for handling money with your spouse. Is it any different with a second marriage? Kelli Smith, director of financial planning with Edelman Financial Engines, joined Cheddar News to discuss what approach to take with finances with a new partner.
