Loading
Tap on the profile icon to edit
your financial details.

Mark Henricks

Mortgage, Retirement and Investing Expert

Mark Henricks has reported on personal finance, investing, retirement, entrepreneurship and other topics for more than 30 years. His freelance byline has appeared on CNBC.com and in The Wall Street Journal, The New York Times, The Washington Post, Kiplinger’s Personal Finance and other leading publications. Mark has written books including, “Not Just A Living: The Complete Guide to Creating a Business That Gives You A Life.” His favorite reporting is the kind that helps ordinary people increase their personal wealth and life satisfaction. A graduate of the University of Texas journalism program, he lives in Austin, Texas. In his spare time he enjoys reading, volunteering, performing in an acoustic music duo, whitewater kayaking, wilderness backpacking and competing in triathlons.

Posts by Mark Henricks:

by Mark Henricks Nov 20, 2020

A prenuptial agreement is a legal document that couples contemplating marriage use to lay out financial and other obligations that would come into play in the event of divorce or the death of one of the partners. Prenups are primarily intended to protect assets that are owned at the time of the marriage. Any property acquired after the ceremony is typically considered jointly owned marital property. The equitable distribution of joint property will be determined during the divorce proceedings. Prenups can also protect assets one of the signers may acquire in the future. However, the prenuptial agreement needs to be carefully written for that to be the case. Consider enlisting the services of a trusted financial advisor to help you create a prenup that best fits your needs. Read more

by Mark Henricks Nov 19, 2020

The satisfaction of receiving a year-end bonus may soon be tempered by the realization that income taxes will have to be paid on the extra money. Bonuses are treated as income and thus subject to taxation, but there are ways to manage and reduce the amount of taxes that will be owed. And as is the case with other income from an employer, the employer is required to withhold taxes from a bonus, reducing your take-home pay from the windfall. Read more

by Mark Henricks Nov 18, 2020

When writing a business plan, it’s important to put together a financial plan that projects future income, cash flow and changes to the balance sheet. The financial plan section often consists mostly of spreadsheets. It’s where the business owner presents a paint-by-numbers case that the business will continue to be profitable or, if it’s a startup, become profitable. The financial section is the part of a business plan that many investors turn to first, so it deserves extra attention. Read more

by Mark Henricks Nov 18, 2020

The 8(a) Business Development program is a Small Business Administration initiative designed to level the federal government contracting playing field for small business owners who are socially and… Read more

by Mark Henricks Nov 18, 2020

Access to credit lets small business owners acquire inventory and equipment, hire new employees, weather seasonal fluctuations and expand. Establishing and building business credit is an important… Read more

by Mark Henricks Nov 11, 2020

Controlling costs is a central task for all businesses, and the job starts with tracking and reporting expenses. A plethora of well-designed expense report apps can help with this essential task. The… Read more

by Mark Henricks Nov 11, 2020

Financial planning and analysis (FP&A) is the process businesses use to prepare budgets, generate forecasts, analyze profitability and otherwise inform senior management decisions of how to implement… Read more

by Mark Henricks Nov 04, 2020

Financing the purchase of essential equipment lets businesses preserve cash for working capital, hiring staff, expanding marketing efforts or other purposes. Equipment financing can be done with term… Read more

by Mark Henricks Nov 04, 2020

One of the most important decisions when starting a business is the business structure. The choice of business entity significantly affects matters like liability, taxes, control, financing and… Read more

by Mark Henricks Nov 04, 2020

Women-owned businesses have more difficulty getting loans than companies that are majority-owned by men. Female-led firms applying for loans are more likely to get turned down and less likely to get… Read more

by Mark Henricks Nov 04, 2020

It takes money to make money and virtually any small business will require some startup capital to get up and running. While the personal savings of the founders is likely the most common source of… Read more

by Mark Henricks Nov 03, 2020

While a company’s sales, also known as revenue, often get a great deal of attention from the public, business owners, managers, investors and lenders pay particularly close attention to another key… Read more

by Mark Henricks Oct 30, 2020

The number of times a business sells and replaces its stock over a given time period is its inventory turnover ratio. The inventory turnover ratio, also sometimes called stock turns or inventory… Read more

by Mark Henricks Oct 30, 2020

Current liabilities are short-term business debts that are due to be paid before the end of the current fiscal year. These upcoming charges are reported on a company’s balance sheet. Current… Read more

by Mark Henricks Oct 30, 2020

Private label products are purchased by a retailer from a manufacturer and sold under the retailer’s own brand. Private label brands, also known as store brands, compete with national name brand… Read more

by Mark Henricks Oct 30, 2020

A serial entrepreneur starts several businesses one after another rather than beginning one venture and staying focused on it for many years like a more typical entrepreneur. Serial entrepreneurs may… Read more

by Mark Henricks Oct 29, 2020

If you need working capital for your small business over a period of three years or less, a short-term business loan could be right for you. Short-term loans help businesses acquire needed equipment,… Read more

by Mark Henricks Oct 27, 2020

Prenuptial and postnuptial agreements are both legal documents that address what will happen to marital assets if a married couple divorces or one of them dies. Both agreements describe similar… Read more

by Mark Henricks Oct 14, 2020

Real estate investors often consider the after-repair value, or ARV, of a piece of real estate when deciding whether a deal is worth pursuing. The ARV is an estimate of what the property will be… Read more

by Mark Henricks Oct 12, 2020

Trade credit is an arrangement that allows a business to acquire goods or services from another business without making immediate payment. This ability to buy now and pay later is an important… Read more

by Mark Henricks Oct 12, 2020

Accounting rate of return is a tool used to decide whether it makes financial sense to proceed with a costly equipment purchase, acquisition of another company or another sizable business investment.… Read more

by Mark Henricks Oct 12, 2020

Interest coverage ratio, or ICR, is used to evaluate a company’s ability to pay the interest it owes on its debts. There is no generally agreed upon standard for what makes a healthy ICR across all… Read more

by Mark Henricks Oct 12, 2020

Free cash flow is a measure that helps business owners, investors and others assess a business’s financial performance and outlook. Free cash flow is defined as operating cash flow minus capital… Read more

by Mark Henricks Oct 07, 2020

Capital budgeting aims to highlight the risks and rewards of a business’s major investment proposals to determine if the ideas are really worth it. To do this, capital budgeting attempts to quantify… Read more

by Mark Henricks Oct 07, 2020

The section of the Internal Revenue Service code that describes the requirements for nonprofit entities, including public charities and private foundations, is known as 501(c)3. This section explains… Read more