{"id":5108,"date":"2020-08-07T14:09:25","date_gmt":"2020-08-07T14:09:25","guid":{"rendered":"https:\/\/clients.firstfinancialsecurity.com\/FFSBB\/?p=5108"},"modified":"2022-02-28T15:11:19","modified_gmt":"2022-02-28T15:11:19","slug":"financial-friday-round-up-august-3-august-7-2020","status":"publish","type":"post","link":"https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/2020\/08\/07\/financial-friday-round-up-august-3-august-7-2020\/","title":{"rendered":"Financial Friday Round-Up: August 3 \u2013 August 7, 2020"},"content":{"rendered":"

Every week, our Financial Friday Round-Up compiles the best things to red, watch, or listen to regarding finance on the web. The articles below include a report on the tightening of lending standards, a guide to understanding tax planning, how small businesses can prepare for uncertainty and more.<\/p>\n

Interest Rates Are Low, But Loans Are Harder to Get<\/a><\/span><\/strong><\/h5>\n

While interest rates are looking more favorable than ever to borrowers, be aware that many lenders are tightening their standards on who gets approved for a loan and when. The New York Times <\/em>reports here on why certain companies have become more hesitant in approving even people with great credit, and outlines what borrowers can expect going forward.<\/p>\n

Preparing Your Small Business For Uncertainty<\/span><\/span><\/strong><\/a><\/span><\/h5>\n

SimpliPhi Power, a battery manufacturer, once had the habit of holding meetings for scenario planning\u2014a brainstorming exercise to find ways for your business to survive unlikely scenarios. Now, months into a pandemic, the company is up nearly 30% in sales and has had no cuts in salaries. In this piece from Businessweek, <\/em>SimpliPhi\u2019s leaders were asked what other companies can do to benefit from scenario planning\u2014their answers are worth the read.<\/p>\n

Understanding Tax Planning<\/span><\/span><\/span><\/strong><\/a><\/span><\/h5>\n

Tax planning is not just for the wealthy\u2014forming the habit can save anyone money, regardless of their tax bracket. Read further in this piece from Kiplinger<\/em> for valuable tips in how to maximize your tax breaks through thoughtful saving, investing, spending and other financial decisions you make throughout the year.<\/p>\n

How to Empower Your Team: It’s All About Leaning In, Not Stepping Away<\/span><\/span><\/span><\/strong><\/a><\/span><\/h5>\n

A functioning team is one in which all members feel empowered and valued in their contributions. As a leader, it can be easier said than done to foster this type of environment, especially when adapting to more remote work. This article from Forbes <\/em>makes things a little easier by giving good advice on how to empower a team for the benefit of all its members.<\/p>\n

 <\/p>\n

Check out our other Financial Friday Round-Up posts for more great reads!<\/strong><\/p>\n

Every week, our Financial Friday Round-Up compiles the best things to red, watch, or listen to regarding finance on the […]<\/p>\n","protected":false},"author":1,"featured_media":6508,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152,649],"tags":[255,344,176,345,287,346],"class_list":["post-5108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-financial-insights","tag-covid-19","tag-interest-rates","tag-loans","tag-remote-work","tag-small-business","tag-tax-planning"],"yoast_head":"\r\nFinancial Friday Round-Up: August 3 \u2013 August 7, 2020 - First Financial Security<\/title>\r\n<meta name=\"description\" content=\"This week's Financial Friday Round-Up compiles articles on the tightening of lending standards, a guide to understanding tax planning and more.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/2020\/08\/07\/financial-friday-round-up-august-3-august-7-2020\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Financial Friday Round-Up: August 3 \u2013 August 7, 2020 - 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Financial Friday Round-Up: July 20 – July 24, 2020<\/a><\/span>
\nFinancial Friday Round-Up: July 13 – July 17, 2020<\/a><\/span>
\nFinancial Friday Round-Up: July 6 – July 10, 2020<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"