Marcus Hiles, as the CEO and Chairman of Western Rim Property Services in the Dallas area, has learned much about how to run a business, starting with how to balance and maintain a budget. His skills in the boardroom and working with accountants and other financial experts have helped him immensely in his business career. Individuals with their own finances can learn much from finance experts and business owners like Hiles. Here are three personal finance tips from Hiles himself:
- Create a financial calendar. Start with monthly bills and add other important items on your money to-do list, such as paying your quarterly taxes or pulling a credit report. Marcus Hiles, since he has worked as the leader of Western Rim Property Services in the Dallas area, has kept his financial timelines in order by keeping a detailed financial calendar up-to-date.
- Pay down debt by the interest rate. The first loan or chunk of debt you should pay off is the one with the highest interest rate. Gather together all of your credit cards and loans and find out which has the highest interest rate to pay down first. This will save you money on a month-to-month basis.
- Track your net worth. Keep an eye on where you stand financially by staying on top of your net worth, which is simply the difference between your debt and your cash assets.
Marcus Hiles Dallas has found success as a business leader in Dallas in part because of his meticulous budgeting and accounting skills.