July 2020 - The Outlier Model | The Outlier Model

The Truths about LLCs: What you need to know.

Susan Paige / July 30th, 2020 / No Comments

Is an LLC right for you? Here’s what you should know. When starting a business, the structure or business entity you choose will determine, among many things, how much you will pay in taxes, your ability to raise funds as well as other legal requirements. Most startups opt for the LLC (Limited Liability Company) structure as it offers owners personal liability protection. This means, provided...

Posted in: Personal Finance

The costs incurred in starting an LLC (Limited Liability Company)

Susan Paige / July 30th, 2020 / No Comments

The first step of forming an LLC is understanding what it means If you’re looking to protect your business then an LLC is the way to go. LLC simply means Limited Liability Company. An LLC business structure can only be secured in the United States. Furthermore, the company’s debts and liabilities are not held liable by the owners and it allows the owners to protect their assets. Just like...

Posted in: Personal Finance

Never, Ever Buy These Items From the Dollar Store

Allen Francis / July 29th, 2020 / No Comments

A bargain is something you don’t really need, and probably don’t even really want, but desire because of irresistible pricing. And dollar stores perfected the proprietary art of making low-quality and cheap items look like bargains. A lot of dollar store products are items of inferior quality. Many are sold in deceptively repackaged, smaller-sized quantities to fool you into paying more than you...

Posted in: Money, Personal Finance, Saving Money Tagged with: dollar store

Why Fear of Missing Out Could Be Dangerous for Your Retirement?

Allen Francis / July 24th, 2020 / No Comments

You know, I never yelled, “YOLO,” once when it was a popular phrase. “You only live once,” was a phrase the kids used to say to before verbally inspiring themselves to perform ambitious stunts. It’s a dated phrase and I am struck by how the term spread like wildfire. It reminds today of how middle-aged people use terms like, “lit,” to perhaps feel young or culturally in-the-know. Or...

Posted in: Career, Career and Work, Family, Health, Money, Personal Finance, Retirement, saving money, Saving Money Tagged with: Fear of Missing Out Could Hurt Retirement