Jackie Lam

Jackie Lam is a personal finance writer and and blogs at Cheapsters, which helps freelancers and artists get creative with their money.

Her work has appeared in Investopedia, Business Insider, Huffington Post, and Acorns’ Grow Magazine.

When not writing about money she enjoys roller derby, volunteering, and writing fiction.

Posts by Jackie Lam:

by Jackie Lam on March 21, 2017

Beware: One Crucial Thing Could Threaten the Future of Your Company

As a small business owner, you may be scratching your head when you hear the term “lien” being tossed around. You're not alone. There are many small business owners out there who are unsure of what a blanket lien is! After all, liens are written legal claims found in the fine print of a business loan, and you’d have to carefully comb through the legalese to spot it. But when it comes to blanket liens (also known as ABA liens,) what you don’t know could really hurt your small business. By understanding what blanket liens are, you’ll be able to avoid complicated legal situations and protect your business financially. Below we'll introduce liens, explain blanket liens specifically and how to best protect your small business against them. What is a lien? Simply put, a lien is a legal claim sometimes buried in the fine print of small business loan agreements whereby a borrower's asset or assets…

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by Jackie Lam on February 15, 2017

How to Follow Your Dreams When Your Family Doesn’t Support You

Taking the plunge into entrepreneurship can be exhilarating... not to mention a little scary. Whether you’re an aspiring entrepreneur or you're scaling up a small business, you're probably feeling a mix of emotions, like excitement and power— perhaps alongside fear, anxiety and doubt. To add to that, you may have some concerned family members who aren’t comfortable with the idea. You know that following your heart is the right thing to do, but you can't help but wonder what to do when your own family doesn't support your dreams. You’re only human, after all! That being said, you shouldn't let critical thoughts and self-doubt (whether they originate from you or from others) hold you back from following your entrepreneurial dreams. Here’s how to manage emotions and nagging feelings of self-doubt while dealing with nay-saying family members: 1. Everyone's a Critic: Learn to Use Criticism To Your Advantage When parents don't support your dreams, turn…

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by Jackie Lam on February 17, 2017

Business Owners: 5 Truths Your Banker Doesn’t Want You Knowing

When looking for the best banks for small business loans, Bank of America and Wells Fargo may come to mind. However, big banks aren’t always the best choice to serve your funding needs, especially if you have a small business or a start up. Here are 5 crucial details your bank is conveniently leaving out of the conversation: 1. Big Banks Not Lending Money To Small Business Is Intentional After the financial crisis of 2008, banks are reluctant to loosen loan terms for small businesses, making it harder than ever for small companies to secure financing from traditional financial institutions. Big Banks Often Consider Small Business Loans Too Risky Because small businesses tend to be more sensitive to fluctuations in the economy and have fewer assets to provide as collateral, lending to small businesses are seen as risky. And according to a working paper by the Harvard Business Review, access to bank credit…

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Business Owners: 5 Truths Your Banker Doesn’t Want You Knowing

by Jackie Lam on February 17, 2017
When looking for the best banks for small business loans, Bank of America and Wells Fargo may come to mind. However,… Read more

An Epic Guide to Business Credit Cards, Charge Cards, & Lines of Credit

by Eric Goldschein on February 2, 2017
If you’re a small business owner, you know how important it is to always have extra capital on hand so you… Read more

A Complete Declassified List of Tax-Exempt Fringe Benefits

by Amy Fontinelle on January 30, 2017
With all the uncertainty surrounding Trump's tax plan, tax saving tips for small business owners are as important as ever. Finding… Read more

Hero Companies Who Are Helping Small Businesses Succeed

by Caitlyn Rose on January 19, 2016
These are challenging times for small businesses. Luckily, however, the news isn’t all bad. Read on to learn about three… Read more

Bank Turn You Down For A Business Loan? Here’s How You Can Get Alternative Funding

by Caitlyn Rose on January 7, 2016
If you're like most small business owners, your first stop for financing needs might be your local bank. Unfortunately, the… Read more

Corporate Bylaws: Why Your Business Can’t Function Without Them

by Ronis Gracie on December 10, 2015
While “corporate bylaws” may sound like something that only giant companies need, the reality is that every corporation has to… Read more

An In-Depth Look at How Invoice Financing Works

by Ronis Gracie on November 30, 2015
As a business owner, you probably experience a multitude of small frustrations each day. But perhaps one of your biggest… Read more
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Complete Business Funding Glossary – 2017 Edition

by Ronis Gracie on March 1, 2017
When you were a kid, you probably had a special group of friends who stayed together no matter what. You… Read more

A Complete Guide to Business Loans for Funding a Bar

by Ronis Gracie on January 16, 2017
One of the most exciting and rewarding types of businesses to operate is a bar. Whether you run a neighborhood… Read more

New Ways to Get Money Out of Your Business That You Might Not Have Thought Of

by Ronis Gracie on November 17, 2016
You have finally reached that milestone you have anticipated for so long: Your business is making a reliable profit. As… Read more

Infographic: The Rise of Marketplace Lenders

by Caitlyn Rose on January 12, 2016
Sooner or later, most small businesses will require an infusion of cash. The need might arise almost immediately during the… Read more

Bank Turn You Down For A Business Loan? Here’s How You Can Get Alternative Funding

by Caitlyn Rose on January 7, 2016
If you're like most small business owners, your first stop for financing needs might be your local bank. Unfortunately, the… Read more

5 Types of Grants For Women-Owned Businesses

by Caitlyn Rose on December 29, 2015
If you are a woman thinking about starting a small business, you are part of a growing trend. Since 1997,… Read more

Your First Small Business Loan: What You Need to Know

by Caitlyn Rose on December 16, 2015
When you set out to find the first loan for your small business, you’ll probably have many questions but few… Read more

Interest Rate versus APR: What You Need to Know to Price a Loan

by Ronis Gracie on December 8, 2015
Small business loan terminology is complex, and many of the terms are similar enough to be confusing. Two such phrases… Read more

Minorities, Women and Veteran Business Owners: Here’s How to Get Extra Funding for Your Business

by Ronis Gracie on September 7, 2015
Keeping a business afloat can certainly be a challenge, particularly during rocky economic times. No matter how poor sales may… Read more