Finding out a celebrity’s net worth feels like an American pastime.

Whether it’s wondering how much Will Ferrell is worthwhile watching Elf or Anchorman, or Googling LeBron James’s net worthwhile watching the NBA finals – something is captivating about looking up someone’s net worth.

However, for some reason, few of us know what our own net worth is and how that stacks up against the average American.

According to the Federal Reserve and its Survey of Consumer Finances, in 2019, the average American family’s net worth was $746,820.

That was a shockingly big number for me, but it doesn’t tell the whole story, as the median net worth was only $121,760.

How can those be so different?

Below is a super quick example of bringing it to life.

Let’s say there are five households in the United States in a net worth dataset that looks like this:

• American Family 1: $0
• American Family 2: $50,000
• American Family 3: $100,000
• American Family 4: $100,000
• American Family 5: $2,000,000

The average net worth of these American families would be $450,000. To get the average net worth, you add up all of the net worth and divide by five.

However, the median net worth is only $100,000. To get the median net worth, you take the number in the exact middle of the data set, or American Family #3.

In this case, the super-rich, or American Family #5, brings the entire average up. The wealth gap in that example is so big that the average of $450,000 is over 4 times more than most Americans in the data set!

So as we look into the average net worth by age group below and whether you are on track in terms of building your net worth, keep in mind the difference between average and median net worth.

How Do You Calculate Net Worth?

Net worth is calculated by adding up all of your assets and then subtracting out your liabilities.

In simple equation form, it looks like this:

Net Worth = Total Assets – Total Liabilities.

An asset is anything you own that has value. The key is that an asset must be valuable. Some common examples include:

• Cash
• Savings Accounts
• Checking Accounts
• Investments (like a 401k, IRA, brokerage account)
• Real Estate
• Collectibles

An old t-shirt or used car with 200,000 miles is likely not an asset you would include in your net worth calculation.

A liability is anything you owe. Usually, this is some form of debt. Some common examples include:

• Student loan debt
• Credit card debt
• A mortgage
• A car loan

So, to calculate your net worth, you subtract what you owe from what you own.

Bonus: Liquid Net Worth

You might hear someone reference liquid net worth, which is simply how much of your net worth you have access to today.

Money in a bank account, in your wallet, or even in investment accounts is considered to be very liquid. You can access it quickly if needed.

However, your house and any home equity is an illiquid asset. It would count towards your total net worth, but not your liquid net worth.

Why is Net Worth So Important?

I like to think of your net worth as your financial pulse. Your net worth tells you how you are doing financially right now.

To prove its importance, let me ask you one question…

Do you want to retire?

If you answered yes to that, you’d need to know your net worth. If you answered no, well, more power to you, I guess.

Your net worth is an important personal finance measure to help you understand if you are ready for retirement. I think it’s a better measure than just your investment or retirement accounts because it also considers any outstanding debts you have and whether or not you own your home.

You can’t only rely on net worth. For example, it could be a misleading figure if half of your net worth was tied up in a house because then you might not have enough liquid savings to fund your retirement. But it is an important piece of the puzzle that you need to put together to understand if you are on track for retirement.

Average Net Worth by Age: Are You on Track?

Before diving into the average net worth by age in America, I want to preface this by saying that measuring yourself against others is not the best way to know if you are on track.

What’s that old saying parents love to quote?

It goes something like… “If everyone jumped off a bridge, would you?”

The same logic applies here, “if everyone had a net worth of $5 at age 60, would you?”

You should be focused on the milestones you need to hit to accomplish your financial goals. Having a benchmark of how others are doing is a useful comparison but not the ultimate benchmark you should measure yourself against.

Alright, with that out of the way, let’s dive into the numbers from the Fed outlining the average net worth by age for American families:

Average Net Worth when <35

• Average Net Worth: $76,340
• Median Net Worth: $14,000

Honestly, this age range was a little too big to be useful in my eyes.

I could see many young 20-year olds having negative net worth because of overwhelming student loan debt. I’m guessing people in their young 30s are bringing the average up here quite a bit.

Regardless, common guidance is to have about one year of salary saved up by age 30. It’s not a bad goal to shoot for if you’re in your 20s and unsure where to start.

Average Net Worth at 35-44

• Average Net Worth: $437,770
• Median Net Worth: $91,110

Using the median net worth as a benchmark, seeing it jump from $14,000 to $91,000, is actually really encouraging. A 5x jump over a 10 year time period is pretty awesome.

Plus, $91,000 in itself is not a terrible number to shoot for by 40.

Obviously, it depends on your salary, starting debt, and retirement goals. But assuming the median household income of $68,703, this would be roughly 1.5x your income.

Plus, to get to $91,000 in savings, you’d need to save $2,220 every year from the age of 20 to the age of 40 while making a 7% return on your money. That would be about 3.2% of your income, which is not bad.

But, what if you were paying off debt for the first 10 years and investing the second 10 years. In that very realistic scenario, you’d need to be saving closer to $6,600 a month for 10 years, which would be a 9.6% savings rate.

It’s hard to make a firm judgment here based on averages, but I would aim to save 3x of your income by 40 as a goal.

Average Net Worth at 45-54

• Average Net Worth: $833,790
• Median Net Worth: $168,800

Your 40s and 50s tend to be your peak earning years – you likely have a lot of experience and relevant knowledge in the industry you work in and are getting paid well because of it. Hopefully, you can amp up your savings during this time period as well.

At this time, I would start to shift your focus from comparing your income to your net worth to comparing your living expenses to your net worth.

Ultimately, you’re going to need about 25x your living expenses to retire. So if you’re aiming to retire at 65, getting to about 8x your living expenses by age 50 should put you on the right track.

Average Net Worth at 55-64

• Average Net Worth: $1,176,520
• Median Net Worth: $213,150

By the end of the timeline here, you should be at or near your nest egg needed for retirement!

Again, your target here should be about 25x your living expenses.

According to the Bureau of Labor Statistics, the average spending for a household was about $63,000. I couldn’t find the median spending outlined anywhere, but even compared to the average net worth, it is only 18.7x annual spending. Not 25.

Over $1 million might seem like high net worth, but it may not be enough to retire depending on your spending levels.

Good thing we have a couple of years to go, and having 18x annual spending saved up should actually put you on track to have 25x by the time you reach age 65.

Average Net Worth at 65-74

• Average Net Worth: $1,215,920
• Median Net Worth: $266,070

…well, it looks like by 70, the average American household is still falling a little short.

This would equate to about 19.3x annual spending.

Average Net Worth at 75 or older

• Average Net Worth: $958,450
• Median Net Worth: $254,900

And we have some bonus data for those over 75.

Not too surprising to see the numbers dip here a little, as I guess that as you get older and retire, you stop accumulating money and start digging into your net worth to fund your lifestyle.

How to Increase Your Net Worth

To recap, to hit the 25x living expenses by the time you reach 65, below is how you would have to pace your savings to get there:

• Age 30: 1.13x living expenses
• Age 40: 3.66x living expenses
• Age 50: 8.32x living expenses
• Age 60: 17.49x living expenses
• Age 65: 25.00x living expenses!

This assumes that your savings stay consistent throughout your life, which is a simple and unrealistic assumption, so keep that in mind. It’s likely OK to pace slightly behind this early on, as you should catch up as you age and earn more.

Oh, and this assumes a +7% return on your savings as well!

Plus, if you’re looking to get your net worth on track fast, here are three things you should look into how to help with building net worth:

1. Create a Budget and Save Money

First things first, you need money leftover at the end of the month to build your net worth.

If you’re struggling to save money, the first place to start is to build a budget to figure out how you can stop spending so much money and potentially how you can earn more money.

2. Pay Off Bad Debt and Build an Emergency Fund

From there, the next best thing you can do is to eliminate any liabilities. Specifically, bad liabilities.

This would include things like credit card debt or any personal loans. Essentially, anything with a high-interest rate should be paid down quickly.

3. Start Investing

Last, to retire, you likely need to invest in some fashion.

Whether in a brokerage account, tax-advantaged account, real estate, or another form, the compound growth you get from investments is what creates the hockey stick shape in the chart shown above. It’s how you make your money work for you!

This article originally appeared on Your Money Geek and has been republished with permission.

Peer-to-peer lending is slowly changing the financial landscape, giving alternatives to both borrowers and investors. The peer lending market is expected to hit $312.6Bn this year, fueled in part by technological advancements in the industry that help platforms quickly evaluate loans.

Despite setbacks over the years, grey areas in regulation, and other challenges, today’s industry boasts numerous peer-to-peer lending platforms catering to all sectors of the economy. You’ll find platforms focused on consumer loans, small business finance, real estate development, etc. Along with Europe, the US has a plethora of great peer to peer lending options to help generate passive income and help aid in getting you closer to your financial goals.

Today, we’ll be looking at some of these platforms and what makes them stand out. But first, let’s look at the peer-to-peer lending market. What is it? How does it function? What are the pros and cons compared to traditional credit facilities?

What is peer-to-peer lending?

Peer-to-peer lending, also known as crowdfunding, or social lending, is a form of borrowing where instead of a bank, borrowers connect directly with individual lenders through platforms. As such, peer lending eliminates the middleman resulting in better loan terms and other benefits.

Peer lending is not a new concept. People have been borrowing from each other for generations. For instance, an entrepreneur may borrow from parents and friends to kickstart a business. What has changed? Tech-enabled platforms are simplifying the process and bringing more people on board.

Peer to peer lending platforms facilitate the transaction and also set the rates and terms on loans. However, they do not own the funds. They only act as the marketplace, bringing together willing borrowers and lenders.

How does peer to peer lending work?

Borrowers

For borrowers, peer-to-peer lending eliminates the hassle of getting a loan. Unlike traditional financial institutions that demand mountains of paperwork and take forever to approve a loan, peer lending platforms require less documentation and approve loans faster.

They process loans faster because they use cutting-edge technology to evaluate loan risks. Indeed, most peer-to-peer loans are handled online and automatically, further reducing disbursement times.

While each peer-to-peer lending platform uses its own processes and procedures, there are similarities common to most. The process for borrowers typically follows these steps:

Borrower’s process

• The borrower opens an account with details on their financial needs and situation. The peer lending platform runs necessary checks.
• The borrower is assigned a loan grade based on their credit check. This score helps lenders evaluate creditworthiness and risks.
• The borrower may be asked to submit supporting documents such as employment records, other debts, etc. for review.
• The peer lending platform then evaluates, approves, and lists the loan so lenders/investors can fund it with proceeds forwarded to the borrower within a few business days.
• Finally, the borrower services the loan (principal & interest).

On most platforms, personal loans range from $2000 and $35,000 with loan repayment periods ranging from a month up to five years.

Lenders / Investors

For investors, attractive returns are among the major reasons they participate in peer to peer lending markets. It also helps them diversify into different asset classes while offering an opportunity to fund social causes.

Investors have a different process. It goes something like this on most platforms.

• Open an account on a peer lending platform and satisfy all “Know Your Customer” requirements.
• Access the platform to view and evaluate loans. Investors can also use the auto-invest tool to evaluate and invest in loans automatically.
• Allocate money to various loans to spread risk, then sit back and wait for the loan interest plus your principal.
• Most peer-to-peer lending platforms have low minimum investment requirements making them ideal for even new investors.

 

 

Top peer-to-peer lending sites

1) Prosper

Prosper is one of the oldest and most popular peer-to-peer lending platforms in the U.S. Founded in 2005, Prosper has facilitated more than $12B in loans to more than a million people, according to their website.

Borrowing on Prosper

Borrowers can access up to $40,000 in personal loans on Prosper. Unlike most other peer-to-peer lending platforms, Prosper allows joint applications.

The loan comes with a fixed rate of either three or five years with your monthly payment constant for the loan duration.

Pros

• Easy funding process
• Joint applications available
• You can borrow two loans at once
• No prepayment fee

Cons

• Relatively high maximum APR of 35.99%
• A high minimum origination fee of between 2.4%-5%
• Late fees of $15 or 5% of the unpaid loan amount.
• Borrowers with slim credit profiles not eligible

Investing with Prosper

Investors can choose from up to seven different loans “risk” categories.

Each category has an estimated rate of return and level of risk. Double A-rated loans have an estimated return of about 4.99 percent, B-rated loans return 5.77%, while the lowest-ranked, HR or high-risk loans have an estimated return of approximately 11.74%.

The platform has a low minimum investment requirement of $25. With that, you can take up positions in different loans to spread out your risk.

Investor requirements

Prosper investors must meet specific requirements before they qualify for an account. These include:

• An individual investor must be 18+ years with a valid Social security number and a checking or savings account.
• Investors must reside in eligible states. These are Alaska, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Louisiana, Maine, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New York, Oregon, Rhode Island, South Carolina, South Dakota, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
• Investors in Alaska, Idaho, Missouri, Nevada, New Hampshire, Virginia, and Washington must satisfy an additional financial requirement of at least $70,000 annual gross income and $70,000 net worth.

2) LendKey

LendKey is the premier peer-to-peer lending marketplace for student loans. Founded in 2009, LendKey connects people interested in private student loans and those refinancing student loans to credit unions and community banks.

LendKey is most suitable for consumers who want to compare different student loans from a single platform.

While LendKey originates and services all the loans through its platform, it’s the more than 13,000 partners who fund the loans. Consequently, loans have different terms and rates based on lender and state.

LendKey student loan terms

• Fixed Rates: 4.99% – 9.01%
• Variable Rates: 2.99% – 8.15%
• Loan amounts: From $1,000 up to 100% cost of attendance (subject to aggregate limit)
• Loan terms: 5, 10, and 15 years

Eligibility

• Borrowers on LendKey must meet the following criteria:
• Must be enrolled, at least half time in a degree-granting program or at an eligible school
• Be a U.S. citizen or permanent resident.
• At least 36 months of credit history and an annual income of $24,000 to apply without a cosigner.
• Have a GPA of at least 2.0 and show satisfactory academic progress based on your school’s guidelines.
• Must be considered a legal adult in their state of residence.

While eligibility criteria vary by lending partner (banks and credit unions), LendKey only matches you to offers for which you qualify.

Pros

• You can borrow up to 100% cost of school attendance.
• No application fees, origination fees, or prepayment penalties
• Potentially low-interest rates and favorable loan terms.
• Simplified loan process
• Apply with a cosigner if you have an annual income of less than $24,000 or short credit history.

Cons

• Payments are required while you’re still in school.
• Eligibility criteria vary based on the lending partner.
• Borrowers can only refinance up to $125,000 for undergraduate student loans.

 

 

3) SoFi

SoFi, short for Social Finance, is a San Francisco based peer to peer lending platform. The company launched in 2011, founded by four Stanford Graduate School of Business students.

From its humble beginnings as a student loan refinancer, SoFi has grown to include other products and become a one-stop-shop financial provider.

Indeed, borrowers can use SoFi personal loans for a variety of reasons. These include credit card debt consolidation, medical costs, home improvements, etc.

However, SoFi personal loans cannot be used for these reasons:

• Small business purposes
• Investments
• Investing in securities
• Real estate development
• Post-secondary education

Student loan financing

SoFi has continued to build on its first product – student loan refinancing. To date, the platform has facilitated more than $18B in student loan refinances to more than 250,000 members.

However, unlike other student loan platforms, SoFi concentrates on refinancing to working graduates who can use the funds to refinance these loan types:

• Graduate PLUS loans
• Private student loans
• Unsubsidized Direct loans

Borrowers can choose between fixed and variable rates, with loan terms ranging from 5 – 20 years. They are qualified for a minimum of $5,000 and a maximum of 100% of “your qualified education loans.”

Here are some notable features of SoFi personal loans

• Loan amounts: $5,000 – $100,000
• Loan terms: 5 – 20 years
• Fixed rates: 5.99% – 18.83% APR
• Time to fund: 3 business days

To qualify for a student loan refinance, borrowers must:

• Be a U.S. citizen or permanent resident.
• Have graduated from a Title IV accredited university or graduate program
• Be currently or soon to be employed.
• Have enough income and responsible financial history.

Looking at some of SoFi’s lending numbers, their typical borrower has the following average figures:

• FICO score: 753
• Gross income: $151,144
• Loan amount: 31,634
• Average monthly free cash flow: $5,696

SoFi’s focus is on borrowers with reasonably decent credit scores (700 and above) and a respectable income.

SoFi pros

• Zero fees, including late fees
• High loan limit of $100,000 for borrowers who need large loans
• Fair interest rates for qualified applicants

SoFi cons

• Must have a good credit history with scores of at least 700 to qualify
• Borrowers with excellent credit can find better rates with other lenders.
• The funding process is slower compared to competitors.

Ultimately, SoFi is not just a peer to peer lending platform but a community. The platform aims to be a one-stop-shop financial, investments, insurance, career, financial advice, etc. hub. As such, borrowers benefit from affordable loans and get the necessary guidance to manage their money better.

4) StreetShares

StreetShares is a Reston, Virginia-based crowdfunding platform and community with a particular focus on veterans.

Furthermore, unlike most platforms that focus on consumer loans, StreetShares lends to small and medium-sized businesses for operations and growth. Companies must have been in operation for at least a year and show healthy revenues. As such, StreetShares does not lend to startups.

Indeed, a business must satisfy the following criteria to qualify for a loan:

• At least a year in business (sometimes six months)
• A personal credit score of at least 620
• Business revenues of $100,000 per year

StreetShares for Borrowers

The peer-to-peer lending platform offers two types of loan facilities with varying terms. These are:

1. a) Installment loans
2. b) Lines of credit

A. Installment loans

Installment loans come as a lump sum, with borrowers expected to make weekly repayments after that. Typical loan terms and fees include:

• Amounts: $2,000 – $250,000
• Loan term: 3 – 36 months
• Interest rates: 6% – 14%
• APR: 7% – 39.99%
• Closing fees: 3.95% – 4.95%

To qualify, borrowers must:

• Have a minimum credit score of 540+
• At least one year in business
• At least $75,000+ in annual revenue

Businesses can only borrow up to 20% of their annual revenue, with the loan value capped at $250,000.

Also, repayments must be made weekly, with borrowers who miss a payment attracting an additional fee of $10.

B. Lines of credit

Unlike a short-term installment, a credit line establishes a credit limit beyond which a borrower can’t access funding. As a borrower, you can draw on your credit line for the term, and you only pay interest on credit used.

Once you pay off the balance, that credit becomes available to use again.

StreetShares line of credit has the following features:

• Amounts: $5,000-$250,000
• Loan term: 3-36 months
• Interest rates: 6%-14%
• APR: 7% – 39.99%
• Draw Fee: 2.95%

To qualify, borrowers must satisfy the following requirements:

• A credit score of 600 and above.
• At least a year in business.
• At least $75,000+ in annual revenue.

StreetShares pros

• Fewer borrower requirements compared to banks
• Affordable interest rates
• No prepayment penalties
• A fast and straightforward application process

StreetShares cons

• Limited borrowing amounts (20% of annual revenue)
• Weekly repayments with misses attracting a penalty

StreetShares for investors

As a peer-to-peer lending platform, StreetShares utilizes money raised through Veteran Business Bonds to fund loan requests.

The platform offers two types of investments to individual investors.

a) The Veteran Business Bonds

The Securities and Exchange Commission regulates Veteran Business Bonds. It’s available to all U.S.-based investors starting at just $25 and incrementing with $25 up to $500,000

Your investment money is pooled with other investors, and the money used to fund loans on the StreetShares platform. As borrowers make repayments, investors get interest payments.

Currently, StreetShares investors enjoy an average return of 5% on the investments.

Unfortunately, StreetShares Veteran Bonds are relatively illiquid. You cannot withdraw your money at will because the platform must adhere to their lending agreements with borrowers. As such, you incur an early withdrawal penalty if you liquidate your bond before the three years limit.

b) StreetShares Pro Investing

This product is for accredited investors only.

An accredited investor is an individual or married couple with a net worth of at least $1,000,000 (minus their primary residence value). Alternatively, they can be individuals with an annual income of at least $200,000 each year for the past two consecutive years, or $300,000 for a married couple.

While StreetShares is moving from offering this investment to individuals, those already investing enjoy higher interest rates and take on more default risks.

 

5) Upstart

Founded by ex-Googlers in 2012, Upstart is a unique peer-to-peer lending platform. It utilizes AI and machine learning to evaluate borrowers, unlike other platforms that rely mostly on FICO scores.

As such, Upstart is quickly inching towards its goal of “improving access to affordable credit while reducing the risks and costs of lending.”

To date, Upstart has facilitated loans of more than $6B to borrowers.

Borrowing with Upstart

Upstart uses cutting-edge AI and machine learning algorithms to determine your creditworthiness. For instance, they factor in your education, area of study, and job history before approving your loan.

Borrowers can access personal loans from $1,000 up to $50,000, with hovering around 8.85%. Loan terms run from three or five years with absolutely no prepayment penalties.

Upstart Pros

• Fast, secure, and straightforward loan application and disbursement process.
• Affordable rates for personal loans
• Zero prepayment penalty
• Loan approval depends on various factors and not just your credit history.
• Huge loan amounts up to $50,000

Upstart Cons

• Rates can go high with a maximum APR of 35.99%
• Limited loan terms of just three and five years.

Upstart for Investors

As a peer to peer lending platform, Upstart welcomes investors. However, unlike other crowdfunding platforms, Upstart investing is a little bit different.

For instance, when banks originate loans, they are transferred to an obscure type of trust – the Delaware Statutory Trust that then issues securities to investors, entitling them to payments from the loan.

On the plus side, investors can set up self-directed IRA’s using investments from peer-to-peer lending.

Additionally, investors can choose to invest automatically through the auto-invest feature on the platform.

Pros

• Low minimum investment of $100
• Auto-invest available
• Expansive credit-scoring model

Cons

Only open to accredited investors

Credit-scoring models with limited track records

 

 

Conclusion

Peer to peer lending is here to stay. It’s revolutionizing people’s access to credit.

The platforms above are a testament to the industry’s innovations, catering to diverse personal and business needs. From student loan refinancing to personal loans for home improvement and healthcare, peer-to-peer lending opens up the credit market to hitherto poorly served market segments.

With strong tailwinds in its favor, the peer to peer lending industry can rival traditional credit markets and offer diversification opportunities to retail investors. It also offers attractive rates compared to traditional banks.

This article originally appeared on Your Money Geek and has been republished with permission.

The following is a guest post by Grace Murphy, with News and Review Guru.

When starting a business from home – whether that’s providing a service to clients or running a few useful side hustles – it gets complicated quite fast. And that can be surprising to many people, as they think it will remain simplistic forever. Chance would be a fine thing!

At a certain point in every business, using software to do more, be better organized, and flat out avoid serious blunders, becomes almost a necessity. In this article, we look at which software might be beneficial for a home business and how to decide between them.

Are You Doing the Accounting Yourself?

Whether you’re doing it on paper, on a couple of Excel spreadsheets, or another way, managing the financial side of things is necessary. Otherwise, you won’t know how well you’re doing in your business e.g. which projects are profitable and which you should ditch in short order and pivot to something else.

At a certain stage, adopting an accounting package or cloud-based solution is required to get a full picture of the financials. Then it becomes a choice, and confusion often sets in over which accounting package to adopt. In a battle between QuickBooks and FreshBooks, for depth, QuickBooks easily wins out, but for simplicity and when freelancing rather than selling products, then FreshBooks is worth a look.

Also, sites like PieSync offer cloud solutions to help businesses sync data between different applications. This avoids some information being invalid because it was only changed in one app and not in all of them. Their solution links up the data to find new changes and updates them in multiple apps at the same time. It’s like having an extra pair of hands! Furthermore, their team have provided a detailed comparison between QuickBooks and FreshBooks, and you can read more at piesync.com.

Try Google Sheets to Share Spreadsheets

When you choose to start outsourcing tasks through freelancers to extend your reach, projects get harder to manage. Sometimes, there’s a need to put up information in a spreadsheet and share access to it. Rather than emailing the Excel spreadsheet to the freelancer directly, just use Google Sheets. It has a live feature that allows you to manage the sheet and make changes as required. Those changes can be seen by the hired freelancer almost in real-time. They can even be given editing rights (and you can remove them when the project is over).

Trello for Project Management

When managing multiple projects and dealing with different people on each project, it gets complicated fast. Staying organized by using written To-Do lists only goes so far, even if you’re following David Allen’s GTD system. Eventually, the sheer number of projects, tasks and people becomes too much for any manual system. Even a digital To-Do list is too basic once the number of projects grows.

Instead, try out Trello. It uses a system of multiple boards. Virtual cards get pinned to a board with each card representing a task. The card is pinned to indicate its status (To Do, Doing, Done). By using this virtual system which runs within a browser and as a mobile app, it’s possible to manage multiple projects and numerous tasks for them without any confusion. Once you start using it, you won’t know how you ever managed without it.

Embracing software is necessary to get your business to a level of sophistication. Even if you find new apps difficult to learn at first, persevere because the sooner you get up to speed, the better off your business will be.