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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 Apr 04, 2020

With stay-at-home orders in place across the U.S., revenues for the nation’s 30 million small business have dried up, and many businesses have had to lay off employees. To aid these companies and their employees during the COVID-19 crisis, the Small Business Administration (SBA) is offering small businesses a forgivable loan of up to $10 million each to cover payroll and some other costs. A Paycheck Protection Program (PPP) loan, which the SBA classifies as a 7(a) loan, is part of the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, with $349 billion designated for the PPP. The loans feature a streamlined application process, less documentation and fewer restrictions. If you’re considering such a loan for your business, it’s important to understand who does and doesn’t qualify, how much you can borrow, how forgiveness works and other key details. Read more

by Mark Henricks Apr 02, 2020

When a natural disaster or man-made crisis strikes, businesses often must suspend operations or operate at reduced capacity for a time. Business interruption insurance can protect business owners against income losses in these situations. However, it doesn’t normally cover infectious diseases like COVID-19 or pandemics. Typically, for the policy to kick in, there must be damage to the business property. But as more and more business owners learn that their losses from the coronavirus crisis aren’t covered, some states are stepping in, introducing bills that retroactively require insurers to cover these losses. These states include: Massachusetts, New Jersey, New York and Ohio. In this article we’ll discuss what typically is and isn’t covered by business interruption insurance. Many financial advisors specialize in working with business owners. Find an advisor today.  Read more

by Mark Henricks Mar 30, 2020

Arizona is perhaps best known for its hot climate and natural beauty, but it’s developing a high profile for business as well. The state’s population is growing, as is its economy. On the downside, Arizona has higher costs than most states. If you’re considering starting a business in the Grand Canyon State, here’s what you need to know. Read more

by Mark Henricks Mar 30, 2020

Colorado’s population is growing, its workforce is younger than the national average, and it ranks among the top states for higher education attainment. The Centennial State is also a popular… Read more

by Mark Henricks Mar 30, 2020

Thinking of starting a business in Wisconsin? The Badger State has a highly rated education system but a relatively heavy burden of regulation compared to other states. The combination makes it an… Read more

by Mark Henricks Mar 30, 2020

A decade ago Ohio ranked below average on many lists of state business climates. In recent years, however, the Buckeye State’s has risen considerably in such rankings. Still, Ohio has its share of… Read more

by Mark Henricks Mar 30, 2020

Thinking of starting a business in Michigan? Thanks to its fabled automotive industry, technology and innovation are some of its strong points. The Wolverine State also has one of the lowest costs of… Read more

by Mark Henricks Mar 30, 2020

Texas is often at or near the top of states for business climate. The Lone Star State has both the second-largest population and economy after California, and it offers low business costs, no state… Read more

by Mark Henricks Mar 30, 2020

Florida enjoys a business-friendly regulatory environment and its population is growing -thanks, in part, to warm weather and lack of income tax. This can translate into rising demand for goods and… Read more

by Mark Henricks Mar 30, 2020

As the nation’s most populous state, with a $3 trillion economy, California is an appealing place to start a business. But while the massive economy presents plenty of opportunities for business… Read more

by Mark Henricks Feb 25, 2020

An investment company is a company that invests pooled assets in securities. Some of the biggest financial services companies are investment companies. Major players them include Vanguard, Fidelity… Read more

by Mark Henricks Feb 25, 2020

When you get 80% of your results from 20% of your customers, that’s the 80 20 Rule in effect. The 80/20 rule helps businesses find areas that have the most impact. This allows those business to focus… Read more

by Mark Henricks Feb 14, 2020

If you’re a business owner and you fail to pay taxes, the government could slap your business with a tax lien. That’s a document filed by the Internal Revenue Service placing a legal claim against… Read more

by Mark Henricks Feb 14, 2020

Picking tax preparation software for your small business is still easier than picking your tax deductions. But there are a growing number of options. And it can be hard to figure out which is best.… Read more

by Mark Henricks Feb 08, 2020

Not every charitable organization qualifies as a public charity according to government standards. However, a private foundation earns that distinction. A private foundation is a non-governmental,… Read more

by Mark Henricks Feb 07, 2020

Housing co-operatives and condominiums seem similar, but there are reasons for weighing a co op vs condos. You can rent them or use them as single-family homes. As a result, co-ops and condos are… Read more

by Mark Henricks Jan 29, 2020

Although most people who buy a home will finance their purchase with a mortgage, some have enough liquidity that they can afford to pay cash. Doing so will save you a lot of money in interest… Read more

by Mark Henricks Jan 28, 2020

If you’re looking for a source of income and (possibly) capital appreciation, you may want to consider buying an apartment complex. There are key differences between owning a larger property like… Read more

by Mark Henricks Jan 25, 2020

Sign-on bonuses have become increasingly common in recent years. The tighter job market likely plays a role in their newfound popularity. These bonuses sometimes occur more often in some fields than… Read more

by Mark Henricks Jan 23, 2020

Whether you own a business that hires people or you are a worker, either as a firm’s employee or working independently for several businesses, it’s important to be correctly classified. That’s… Read more

by Mark Henricks Jan 17, 2020

Corporations regularly need infusions of money – perhaps to hire new employees, fund new projects or raise money for an acquisition. In this situations, they typically face a choice between two… Read more

by Mark Henricks Jan 16, 2020

A pyramid scheme is an investment scam. Often they are business opportunity scams that solicit people to pay to distribute products or services. They, in turn, recruit additional distributors. Many… Read more

by Mark Henricks Jan 16, 2020

There is a wide variety of training for financial, investment and business expertise. Two of the most readily recognized and broadly accepted designations are the charted financial analyst (CFA)… Read more

by Mark Henricks Jan 16, 2020

When assessing the financial performance of a corporation, there are numerous useful metrics you can examine. Two of the main ones are operating income, which is profit minus operating expenses; and… Read more

by Mark Henricks Jan 08, 2020

Most businesses are organized as operating companies, meaning they manufacture items or provide services. Holding companies, on the other hand, only have investments in other companies; they don’t… Read more