New cars are expensive. Family loans and the IRS. Salary vs. owner’s draw.
Average car payments hit a record high. Here’s what to know (NY Times)
When did this happen? The average monthly payment for a new care is now about $700. Staying up on all things personal finance is my job and I’m still surprised on a regular basis.
The one place you can still get a 3% home loan: Your family (Wall St. Journal)
Thinking about lending money to a relative? Be aware that the IRS has a minimum interest rate you can charge.
Salary vs. owner’s draw. How to pay yourself as a business owner (Quickbooks)
Good fundamental information for small business owners on the 2 structures for paying themselves.
If your ship doesn’t come in, swim out to it.Jonathan Winters