The BOSS Network Blog

Concerned about student loans blocking you from building a business? Student loan debt does not have to be a dealbreaker. Every individual is different but here are four general tips to consider when you need to manage student loan debt and you want to build a business. 1. Stay current - It is critical for you to remain up to date with your payments. Student loan payments are reported to credit bureaus and late or missed payments will have a negative impact on your credit score. Poor credit will subject you to higher interest rates or flat out rejection when applying for other loans. High interest debt will rob you of cash you could be pumping into your business. Staying current is a tip that applies to any debt but it is important to remember that federal student loans are not just any debt. The penalties for going into default are far-reaching, including seizing your tax refund and federal benefit payments, and having your wages garnished. 2. Consider consolidation – Conso...

Women earn approximately $.74 for every dollar a man earns and pay over $426 billion a year on hair, nails, toiletries, and beauty products. Women pay more than men for services such as hair salon, dry cleaning, insurance, housing and healthcare. Unfortunately there is no federal law banning gender pricing which varies by state to state. Earning less money and mishandling their finances puts women at risk for financial failure.  If you mismanage your finances these bad habits can carry over in other areas of your life. When your finances are out of balance so are other areas of your life such as your career, relationships, family and health. Managing your finances properly requires discipline, attention to detail, organization skills, strategic planning, sacrifice, and logic skills. These skills are also useful in other areas of your life. Being the CEO of your finances reduces stress, anxiety, sadness, frustration and anger and helps keep your life in balance. Since ...