22 Feb 2009

5 Good Money Habits

While still early, let's arrange the finance sector. Five habits will make your life easier and more enjoyable.

1. Calculated budget
Honestly we do not really like thinking about the budget, right? "Hard" or "never succeed", that's why we are bringing. Like it or not, aka budget budget is an important tool for financial control. You can see how much money you have, where "gone", and how much is left.

Tip: According to financial planner and director of the Women's Financial Network, Susan Jackson, for said budget was more positive with the money instead of just planning, spending plan or cash control. As he wrote in his book Why Saving Is Like Dieting and budgets Do not Work, says the budget is similar to the word diet. Well, try to be more realistic. Do not do a total change. Do it gradually. What is important is the discipline to the budget. That's why, maybe you need to always carry a notebook or a small note containing a list of groceries in the bag. If you find that your expenses still exceed the budget, do not punish yourself too hard. Remember, the changes will not happen just one night.

2. From small
It can not be denied, the cost of living is now expensive. However, you actually still have the ability to save. Imagine now you have to save $200 USD. Maybe you will be justified because there was no funds to pay this and that. However, when an old friend called clan invite you to meet at a restaurant, suddenly you have the money $200 USD to go.Advice: "You better start saving with less money than waiting until the money collected a lot but never even started (because the money does not get-togethers)," suggested Susan. Only 10% of the minimum income that must be why you tube. If still difficult as well, just try the old way of using the piggy bank (but do bergembok piggy bank and a key, yes: p). You can put 100,000 each payday to insert coins in a piggy bank or 500 every day the return bus or shopping at the supermarket. Do not forget to always raise the money savings, if your salary rises or KTA mortgage is paid off.

3. Forget the credit card
Paying the bill more than the minimum payment should be the first step to leave your dependence on credit cards. You must know the minimum payments do not 'do delete your credit card debt in the continued flowering of interest. Well, here you'll realize you need to make budget. You can see the big remaining funds and may be used to pay debts. This could accelerate the repayment of debt.

Tip: Another alternative is to use the balance transfer program from another credit card that offers 0% interest for a period of 6 months, for example. However, according to Brouwer of Outlook Financial Solutions, the key to get out of debt is to change the habit of using credit cards. You can start by leaving credit cards at home or not to delay payment of bills. Want a little extreme? Ask your credit card limit reductions, for example, only two times your salary. In this way, you will use credit cards only for urgent needs only and not for consumption.

4. Learning investments
Well, after the affairs of the debt settled, now you'll have more money to start investing. Actually, with only Rpl00.000, you can invest. Perhaps the next question is what kind of investment is right for you?

Tip: You can judge for yourself through a quiz that is included in the books of investment or financial planner for help services, the type of investor are you? Conservative, moderate or aggressive? Indeed you will be charged during a consultation. However, when considering the situation, you still get the benefits anyway, which is advice from a professional.

5. Do not forget protection
Ok, at this stage you would have managed to have some money in savings and investment. However, all that means nothing if you suddenly sentenced to suffer severe illness. Money saving and investment can be discharged for medical expenses.

Suggestions: Disease that more and more a result of unhealthy lifestyles, makes us inevitably have to have health insurance. Especially for you who are health costs borne partially or not covered at all by the company. So, with little money set aside for protection, you can take the benefits in the future.

The future starts today
Maybe you think, too early to think about retirement. Newpoll survey in 2004 found 56% of workers forced to delay retirement plans for not preparing for retirement funds. Well, there's nothing wrong you start thinking about financial planning for the future. Maybe you intend to retire early and do not want diminished lifestyle. That is the importance of establishing financial strategies since now.

5 Stage Achieve Financial Happiness

HAVE full control of money held is one way to make people feel happy, regardless of how much wealth. By adopting some good habits, sertiap people may feel happier about the overall financial life.

Here are some good financial habits that you can apply, as revealed in a book called 'The Ten Commandements of Financial Happiness':

Make a filing system so you can more easily record the income and expenditure. Thus, more time and energy you can save.

Direct Pay bills
Do not wait until all the bills piling up and then just pay it all at once. Instead, pay instantly once bill comes. Paying a dozen bills at once can make you upset to see so much money is drained from the savings. Instead, pay bills come one by one so will not make you too shocked to see the numbers.

Saving five percent
Set aside at least five percent of monthly income for savings. It can make you automatically filled financial happiness. You daoat immediately set aside five percent of income before spending it for other purposes. Once accustomed to saving, you can increase this number gradually to 10 percent or higher.

Create and achieve goals
Achieving happiness is not merely a matter has reached the goal or not, but about making progress. Create one or two financial goals every time, and work hard to make it a reality. Feel the happiness you enjoy when through the process.

People who practice the most wealth will feel happier and healthier physically and spiritually. They tend to sleep better and exercise more often, so having a healthier mind. Also, give some property to another person also distanced themselves from feeling greedy and not satisfied. Thus, you will feel more grateful for the pleasures of life which is owned today.

Pay off debt and saving money

Pay off debt and saving money are two things that are diametrically opposed but not impossible to combine them. There are several ways you can do to begin to pay off debt and saving.Quite puzzling indeed start whichever is first pay off debt or saving money. You can start to pay off earlier debts both credit card debt or bill sharing.

Once you 'clean' from the debts that start saving. These savings could be used to anticipate emergencies. Later you also should think about investing, but first know how much property owned and how much expenditure is spent.

Tracking Spending

The first step you should do is make a list of financial records all income and expenditure. This list can you use for one month and make a continued menarus up to one year to be able to control finances. After that you can compare between the total revenue by total expenditure. Ideally the amount of income is greater than the total spending.

Step 1:

Make a personal financial balance sheet that records all your debt from the start the biggest to the smallest

Step 2:

If there is, add the intangible property that you own, such as savings or other investments.

Step 3:

Add all the requirements you need in a single month. Then subtract the amount of your property with total spending for goods and see how much money there to pay the debt.

How to Build Savings
  • Go to the bank and ask about your savings if you need to ask for the print data about your money. So you know what cuts imposed by the bank for your savings.
  • If you have savings of more than one, put a label on the savings. Categorize them according to needs, such as "daily needs", "unexpected funds", "savings" or "investment".
  • Make sure any record of your payment type on the financial list has been created. With so avoid double payment and the efflux of money on useless.
  • If you can get a list of the balance between income and expenditure each month, then add in the expenditure of funds for unexpected costs.

How to Reduce Debt
  • It is very easy is to stop using your credit card.
  • Pay credit card bills of the most massive and avoid "minimum balance trap." Fitting time to pay so that no additional interest.
  • Turn off the credit card that had long and never used again. Bring your credit card when you really want to buy a necessity, if not stay home.

21 Feb 2009

Core Business Concept

When you break an egg chicken and noticed at a glance, you will soon see the egg white and egg yolk.
Now, look more carefully at the yellow egg. You will be able to see a black dot. The point was not a stain, but a core of life and the embryo from an adult chicken.
These nuclei,  when hatched will bear a unique range chickens, which vary from one tail to another.
Something similar can you meet at a company.

In all companies, such as in chicken eggs, you'll see the same pattern, such as displaying a more beautiful, buy cheaper, sell more expensive over the cost, giving priority to customer service, bill on time and so forth.

However, Why is there a successful company and there is less successful companies? Although the company says is the franchiser and have the systems and business patterns that are identical? That creates the difference is a black dot in your business concept, namely the core of your business concept.

The core of the business concept may be a more friendly service, employees are always smiling, work harder, work smarter, work based on priority and so on.

Small differences that create a big difference between a successful company and who failed.