Daily Archives: December 1, 2016

Archive of posts published in the specified Day


Preparation for Marriage – An Insurance Policy For Your Life Together

So you think you have met your knight in shining armour or your fairy princess and you are thinking about taking the relationship to the next step. Maybe this is in contemplating living together or maybe even to become married.

A question I was asked recently had to do with understanding what are the essentials for marriage and the first step required when planning to get married.

Here are my thoughts on this topic.

Often when people think about marrying them primarily think about the wedding day and how they can make this the most perfect day of their life, as it describes to be. Sometimes in focusing on the day however they lose sight of what's most important and that is what happens after the wedding day, regarding their future happiness and well-being, for the years to come.

Thankfully given the increasing divorce rate couples are becoming more and more aware of the importance of not only preparing for their wedding day but also of preparing for their married life. And thankfully now more than ever couples are turning to qualified professionals to help them prepare for what happens after the wedding vows have been made and they have danced the bridal waltz.

Love Will Conquer All

Most important among these lessons is shattering the belief that "love will conquer all" . It simply is not enough.

An Insurance Policy

As a Couples Counselor and Family Law Mediator I see on a daily basis the unfair that separation and divorce causes to couples and their families. But rather than having this scare you off listen to the stories that these people have to teach and learn the lessons well.

The single most critical thing that will prepare you for marriage and make your relationship last long term is the knowledge you have of yourself and the comfort you have with that knowledge closely followed by the knowledge you have of your partner and the comfort you have with that .

The simplest way to get this is to always be curious about who your partner is and, before pushing to have yourself heard, hear them. If you both can do this in love and good will and with respect and you will find a way through every challenge ever presented to you.

And if it's too difficult to manage this task on your own then seek help from someone qualified to help you do this and do this before it blows out.

People often think that counselors are there only for when we are in crisis. They're not. The principle roll of a Counselor is to teach you the skills that everyone needs to prepare them for and teach them what they need to manage their relationships.

These skills include how you communicate with each other, how you manage your conflict and how you manage the differences in your characters and ways of being.

You see every one of us comes from a different cultural background. That is our …


Working Capital Management

Financial management decisions are divided into the management of assets (investments) and liabilities (sources of financing), in the long-term and the short-term. It is common knowledge that a firm’s value cannot be maximized in the long run unless it survives the short run. Firms fail most often because they are unable to meet their working capital needs; consequently, sound working capital management is a requisite for firm survival.

About 60 percent of a financial manager’s time is devoted to working capital management, and many of the potential employees in finance-related fields will find out that their first assignment on the job will involve working capital. For these reasons, working capital policy and management is an essential topic of study. In many text books working capital refers to current assets, and net working capital is defined as current assets minus current liabilities. Working capital policy refers to decisions relating to the level of current assets and the way they are financed, while working capital management refers to all those decisions and activities a firm undertakes in order to manage efficiently the elements of current assets.

The term working capital originated with the old Yankee peddler, who would load up his wagon with goods and then go off on his route to peddle his wares. The merchandise was called working capital because it was what he actually sold, or “turned over”, to produce his profits. The wagon and horse were his fixed assets. He generally owned the horse and wagon, so they were financed with “equity” capital, but he borrowed the funds to buy the merchandise. These borrowings were called working capital loans, and they had to be repaid after each trip to demonstrate to the bank that the credit was sound. If the peddler was able to repay the loan, then the bank would issue another loan, and these were sound banking practices. The days of the Yankee peddler have long since pasted, but the importance of working capital remains. Current asset management and short-term financing are still the two basic elements of working capital and a daily headache for the financial managers.

Working capital, sometimes called gross working capital, simply refers to the firm’s total current assets (the short-term ones), cash, marketable securities, accounts receivable, and inventory. While long-term financial analysis primarily concerns strategic planning, working capital management deals with day-to-day operations. By making sure that production lines do not stop due to lack of raw materials, that inventories do not build up because production continues unchanged when sales dip, that customers pay on time and that enough cash is on hand to make payments when they are due. Obviously without good working capital management, no firm can be efficient and profitable.

Statements about the flexibility, cost, and riskiness of short-term debt versus long-term debt depend, to a large extent, on the type of short-term credit that actually is used. Short-term credit is defined as any liability originally scheduled for payment within one year. There are numerous sources of short-term …