According to a survey from CNBC and Acorns, despite 83% of U.S. adults believing parents are responsible for teaching kids about money, 31% of American parents never discuss the topic with their children. Northwestern Mutual’s podcast featured Kat Stickler and Matt Stucky discussing the importance of instilling strong money management skills early on through repetition and leading by example. Stickler shared how her mother showed her the value of money through resourcefulness, while Stucky emphasized the importance of planning for future financial security by setting up accounts like a 529 and a Roth IRA for children and considering permanent life insurance.
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Not Every Buyer Will Protect Your Business’s Legacy — Choose Wisely
Entrepreneur contributors emphasize the importance of choosing the right buyer for your business when selling, rather than solely focusing on the highest valuation. They outline the different types of buyers - strategic, financial, and individual - discussing their advantages and disadvantages. Factors to consider when selecting a buyer include reputation, post-sale business plans, treatment of employees, likelihood of closing, speed to closing, cultural fit, financing structure, and market conditions. Prioritizing these considerations over maximizing valuation...
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