How to Cope With Reverse Culture Shock
Reverse culture shock is an intense and often uncomfortable experience. It can take you on a roller coaster ride of emotions. Fortunately, there are a few ways to combat these emotions during the re-entry process. Here are the Stages of Reverse Culture Shock and some ideas to help you deal with these feelings. Art forms can help you combat...
Lease Extension
What is a lease extension and why would you need one A lease extension is when a tenant and landlord agree to extend the length of a lease. This can be either be done verbally or in writing. The main reason people choose to extend their lease is because it gives them more security. It also may increase the value...
Leadership Grid
How to Use a Leadership Grid to Identify Leadership Styles A leadership grid is a powerful tool to help you understand the areas in your management style that need improvement. While your ideal leadership style is probably close to that of a team manager, you might find yourself focusing more on the individual team member than the company as a...
Housing Expense Ratio
What is the housing expense ratio and why is it important The housing expense ratio is a key metric used by lenders to determine whether a borrower can afford a loan. The ratio is calculated by dividing the monthly mortgage payment by the monthly income. A high ratio indicates that the borrower is using a large portion of their income...
Important Facts About IRS Publication 463
If you own a business, you may want to study Publication 463. This document contains information about deductions for qualified business expenses. You can also take advantage of tax breaks on entertainment and car expenses. This publication can help you understand the requirements for calculating tax deductions. Read on to learn more. Here are some of the most important...
Lender of Last Resort
What is a lender of last resort A lender of last resort is a financial institution that provides loans to banks or other financial institutions when they are in need of funds. This type of lender is typically the central bank of a country. The lender of last resort is intended to act as a safety net for the banking...
Voluntary Lien
What is a Voluntary Lien A Voluntary Lien is a debt that the borrower has agreed to pay. This type of debt is often in the form of a loan, but can also be something like a mortgage or lease. The key difference between a Voluntary Lien and other types of debts is that the borrower has given their permission...
Attorney-In-Fact
What is an Attorney-In-Fact In the legal world, an attorney-in-fact is someone who has been appointed to act on another person's behalf. This can be done through a legal document known as a power of attorney. The person granting the power of attorney is known as the "principal," while the attorney-in-fact is referred to as the "agent." The agent will...
Ballpark Figure
Three Reasons to Use a Ballpark Figure A ballpark figure refers to a general, informal estimate. It's an adaptation of the earlier phrase "in the ballpark." Estimate of ballpark figure An estimate of a ballpark figure is a good way to get a feel for the cost of a project. It provides an approximate range of costs and can be a useful...
Certainty Equivalent
The Concept of the Certainty Equivalent The concept of the certainty equivalent is closely related to the concept of risk premium, which is the additional return an investor must receive for taking a risky investment. In other words, the higher the risk, the higher the premium should be. As a result, the higher the certainty equivalent, the better. But how...