Category: FINANCE

Tips to get success in business

Having an own business is dream of almost people. That is will be feel enjoy to working as boss then employees. Although you get much salary from your job at the company. Almost people will feel better when work at their own business. This is one reason that make many people want to have their own business. Actually in the first you must start by a small business, then if you can process and organization with correctly then surely your business can be success. To make a business be success there are many things that must consider. To be success when start a business does not always go smoothly, it takes some skills and steps that must be done correctly. There was even a thought which says that not everyone can be an entrepreneur. But in fact, everyone can really be an entrepreneur if you want to learn, work hard, and easily never give up. One of thing that important in running a business is accounting. Accounting is often referred to as the language of business, or in more precisely as the language of decision of making. The usefulness of accounting information in general is Making effective planning, as well as hold supervision, as well as the right economic decision making by management. By the usefulness, it is make the accounting is important in business. You should have a professional accountant to doing all the job of accounting. Then if you feel difficult to get a professional accountant, accountants Surprise AZ is the best solution for you. It will give you the best accounting service.

To get success in the business, there are some tips that can you use. The first, Focus on the one business opportunities. The development of the virtual world make all things can be a business opportunity. With so many opportunities that can be taken, you may be confused in choosing the business opportunities that will be developed. So many people are even trying to develop a lot of opportunities at the same time. It is bit bad, but it should be better if you just focus in one opportunity. With just focus on one opportunity, then you can develop the business will be more focused. This will allow you to execute all such ideas. The second, Do the things that you like. For you who want to be an entrepreneur, do not start a business simply because saw a big profit, it looks cool, or because someone was told. Usually, a good thing to do when starting a business is, by hobby. You will be more exited when doing thing that you like. Then you should better start your business by your hobby. The third, you have to master everything about your own business. At the beginning of starting a business, generally rare investor who dared to put their money there. But the chance it could come at any time, so you have mastered well everything about the business that you are involved with and always ready to explain it clearly. So that you can make the investors believe and put his money in the right hands, that is to you, the people that understand all about this business. The fourth, always learning by others. All people have advantages and disadvantages of each. No one who knows everything, then it is important to be open at the sight or thought of others. In consultation with others as a mentor, friend, or other successful people, you can take a lesson from what they had done. Choose a mentor, a friend or someone who has been successful to become an adviser you, where you talk about the things that need to be done to be successful. More hearing would be better than most of the talking. The fifth, Learning from failure. In the world nothing that’s certain. As with the business. There are 2 choices in your lives that determine success, which is to go forward or be silent. If you want to move forward, then you must also be prepared to deal with failure. Because not everything you want it running smoothly as you wish. It is precisely the failure should occur to teach you and prepare you to be successful later. When it fails, do not despair, keep trying and learn from the experience. Failure is the best teacher.

Accounting is important in the business, then if you don’t have a too accountant. So you must use accountants Surprise AZ. It always give the best accountant service. It is handle by professional accountant. Surely you will not regret. So what are you waiting for? Immediately contact now.

10 Tips of Money Matters

cvMoney is a power tool that enables businesses and individuals across the globe to exchange value for goods and services. You often hear many people mention that money is evil. I submit to you that there is no evil in money whatsoever. It is the love of money that actually is a root of all evil. How you behave when you now have the money or what you try to do in order to get a hold of this power tool is what can end up being in the Evil category. You have the right to access money. You will realize that in most people’s lives, money does not come easy. It is a result of hard work, deliberate savings and investments and parting with certain goods and services sometimes treasured by their owners. It is no doubt that money does amplify your influence, it gives you a voice and a reason for others to listen to you. As I said it gives you muscle and power. Many have died in their quest to get this resource, many relationships have been damaged beyond repair in the drive to get access to money. No doubt, money given to charity has made a difference in many people’s lives who would never have managed to get access to education, water, sanitation and general shelter and livelihood. Personally, I would rather have access to more money than not have it at all because only then can I make a difference in my generation by sponsoring others to go their next level.

A few tips on money which I have learned over the years

– Money should be multiplied – Whenever you get access to cash, think of a genuine and legal way to multiply what you have before you spend it on yourself. More is better as it gives you leverage and it multiplies your ability to make a difference. When I just started working in 1995, I thought that all the money I received was just for spending hence I could not wait for payday to buy music and spend on partying and having fun. I was very surprised to see friends beginning to buy assets such as cars etc and I still reverenced having a huge collection of CDs. Today I am a changed man. I know that I did Math in school in order to use it hence the term MULTIPLY excites me when it comes to money.

– Money must work for you – There comes a time when you get money to do some work while you sleep. With time you need to reverse roles with money. Let it work for you instead of you working for money. If you had a $1000 and you deliberately invest it in a lucrative product, shares or other investment portfolios, that money will have doubled in 6 months if not trebled. Learn to set aside surplus not under your pillow but in some investment house somewhere. Have many streams of income coming your way. One thing I realized during the economic turmoil which we faced in Zimbabwe for 10 years and the world over in the recent past is that you need something that generates hard cash daily. It may not be your core business but it helps to cast your net wide. While you specialize in your area of study, diversification helps you immensely

– Money in itself is not the sum total of wealth – Money will make you rich and not necessarily wealthy. Riches fly away but wealth is more than money. When you invest in buildings and other immovable legacy elements, you are growing your wealth portfolio.

– It is easy to lose money – Money is lost in many ways. If you keep having to replace the same asset because of damage or loss then you are losing money, when your time is wasted, realize that your money is being wasted too. Its easy to be rich today and a pauper tomorrow if you do not exercise wisdom on money matters.

– You get money to the level of your responsibility and readiness to manage it – Money that comes to someone without enough wisdom to use it will soon fly away, money becomes a source of danger when it comes to a juvenile who has no clue what this power tool can do. I have watched lotto winners move from millionaire to zero status because they were not ready to receive such amounts and lacked wisdom in spending. I realized that as I grew in my level of responsibility, taking care of the needs of my family, brothers and sisters, I seemed to increase in my financial capacity. Watch people who focus on themselves; their financial capacity is stunted.

– Plan your money just as you plan your life – No matter how much money you have, a clear spending plan and reporting exercise is necessary. A simple budget and recording of expenditure will help you realize where your money is going. It removes the surprise factor where “suddenly” you realize you actually no longer have the money you used to claim you have. Money sometimes seems to “disappear” from your wallet but it is all because you have poor management skills as an individual. You must be able to account for every cent that you spend. Failure to do so will make you an enemy of your own greatness.

– Make decisions with the knowledge that each one affects your bank balance – It does not matte the color, size or nature of decision you make each day, it either adds to your money or takes away. One man taught me that Every decision has a financial consequence. Think about that each time you decide. As long as you are alive, you will always have to make decisions. Daily you are either making a decision that will take money away from you or increasing the money available to you.

– Never Borrow money to finance an expenditure – I can agree with you if you say to me you borrowed in order to finance an order you had received. You borrowed to buy a house or some other asset that can generate revenue. People who borrow lots of money to spend on their stomachs lack vision. Why eat a sumptuous meal out of borrowed finances knowing that you are simply meeting an endless temporary pleasure. Most people approach banks for financing and wonder why their applications are not approved. Check your reason for entering into debt and count the cost. If you are borrowing so that your money will multiply and create a better bank balance for you then you are on the pathway to success. You definitely need money to make money – Most ideas need financing. I do know however that there are many who have managed to start businesses without money. You see, the pro-VISION always follows VISION just as CREAM follows DREAMS. You have to have vision first and money will pursue it passionately.

– You can never have enough money – Why is this so? The reason is that there are always needs around you. When you reach a billion dollar mark and you have bought all the gadgets, toys and mansions you need, you realize that your lifestyle suddenly changes, you can not shop where millionaires shop, you can not go to ordinary 2 star hotels. Your standard of living goes up dramatically. You also realize how much your wealth can help others as your meal in a Paris Hotel or a suit that you bought and only wore once costs the same as school fees for 200 children in a rural 3rd world school somewhere. That way you can never give enough hence you can never have enough money.

– Money has capacity to solve a number of problems – Most problems that we know of continue to haunt mankind because there is not enough money that can be put towards solving those problems. Hunger and starvation, lack of shelter, killer diseases and poor communication in some parts of the world are a result of lack of enough funding to solve those problems. You can wish, hope, pray, cry all you want but if you not get the money to buy the products you need then the problems persists. Many people who have made money never thought of money in the first place, they thought of helping people but made tonnes of money in the process of helping mankind live a better life. This makes the third world communities and countries the best place to put your money and charitable efforts. As you help alleviate poverty, disease, hunger and all the things that lack, guess what, you increase your capacity to attract more. I am not advocating for aid as the ultimate solution. Use your money to EMPOWER communities to realize they have a responsibility to get themselves out of their situation. Self help incoming generating projects are the solution to all the ills that plague nations the world over.

How to Manage Money

Money Saving Tips – How to Manage Money

What should you do with your hard earned cash? There are many choices we face on a daily basis that can create confusion and can point us in in a different direction at any time. There are many things that we should and shouldn’t do with regards to our finances and how to manage money. Let’s go through some of the more important ways to start saving and put your money where it belongs.

1. Understanding when you should stop

The issue most people face when knowing how to manage money is knowing when you should stop. This may be a somewhat vague statement but I’ll help clear that up. Understanding when you should stop can pertain to all kinds of different parts of your finances. You should know when to prevent buying things on each day, week or month and that all comes down to budgeting. You must understand when to stop investing in each part of your financial portfolio and start in another. You must understand when it is time to stop using the credit card and begin to buy with real money. These ‘stops’ are of vital importance to our financial success and there are many more. Every situation is unique and you need to go through some of the trouble areas in your financial life to discover where you need to stop. It could be you are paying too much for for your telephone and web service. You need to know when enough is enough and put an end to cash wasting services or purchases. The amount of money you will save if you know when to the draw the line will amaze you.

2. Eliminate Impulse Buys

All stores rely on impulse purchases more than any other item sold. They will draw you in with a great deal on several things in their flyer. You end up getting those items up but while you shop you purchase several other things that were not on the list. All of us can be sucked into the impulse buys when we go to the mall, convenience stores or the grocery store. Often times we don’t know we’ve made an impulse buy. If you chew gum, have an issue of ‘Cosmo’ magazine on the coffee table or have fuzzy dice dangling from your car mirror it’s likely you have made an impulse buy. We make impulse buys on an almost daily basis. Those purchases empty our wallet and savings account of a lot of cash. Here’s an example of how much you can spend: If you pack of breath mints {per|each|every| week you are spending about $78 every year. Throw in one magazine each week, a Starbucks coffee every day, a chocolate bar every two weeks etc. It’s not hard to do the math you’ll figure out that we spend thousands of bucks each year on these items that we didn’t plan on buying. If you avoid them you’ll easily save thousands of dollars for your retirement plus you will know the basics of how to manage money.

3. Plan Ahead

Planning is key when dealing with your finances. If we go around without putting any thought into where our money is going there is a high likelihood that it will all be gone after a couple of weeks. They key tofor solid financial planning is planning ahead.

My Step by Step Advice:

1st: Know how much every guaranteed monthly expenses are and place aside that sum from your paycheck. Those items include electricity, cable, car payment etc.

2nd: Set aside $25 (or more) every week that will go into your emergency fund.

3rd: Make a meal plan and then do your weekly grocery shopping. If you have all the food you need in the house it will prevent you from going to the corner store to buy a loaf of bread for $4.

4th: Budget no more than 10% of your paycheck for weekly spending. If you spend that 10% by Monday then you don’t get any more. Don’t dip into next weeks budget and don’t let last weeks budget roll over into the current week.

5th: Make a financial goal at least once a week. If you want to go south this March, create a goal to make that dream come true. If you want to own a house next year, start making that goal happen. If you want to save an extra $20 a week, figure out a way to make it happen. This will show you how to manage money and get you on the right track to your financial freedom.

Should you go out and spend your money with reckless abandon or save wisely? I’m pretty sure you know the answer to that question. Managing money isn’t as hard as you think and can be easy to save for the retirement, house or vacation you’ve always dreamed about. You simply need to understand when enough is enough when it comes to spending. You also need to stop impulse purchases. The last thing is good financial planning. If you make an honest effort at making those 3 things happen, you will be close to knowing how to manage money better.

Top Ten Tips for a Financially Prosperous New Year

I’ll try to make this article short and sweet by providing you with the top tips for improving your finances for the New Year.

Create Goals for Yourself: Unless you write down your goals, they’ll just be dreams that go unrealized. The process of creating goals, writing them down and taking action on them almost guarantees you that you will achieve them. Setting goals helps create a end point and in the process of figuring out how to reach your goals, you will develop a plan that you can put into action. I create my goals using the B.E.S.T. method. The letters stand for Believable, Energizing, Specific and Time.

Get a Mentor: Everyone talks about the importance of having one, well why don’t you have one? They’re not hard to find. They could be the successful owner of a local business your frequent, a family friend, or a coworker who is investing in real estate on the side while continuing to work full-time.

Wherever you find your mentor, make sure you choose wisely and don’t have to pay for their services. A good mentor will be willing to help out because they feel like giving back.

More on the subject of Giving Back later.

Invest in Yourself: You are your most important asset and as such you should be investing in well, you. I’m talking about increasing your financial education through the use of books, web-sites and online forums. I can’t stress how important it is to keep on learning after you graduated high school or college.

Just because you’re done with school doesn’t mean you can’t start your own university of knowledge and fuel your mind with the latest information and tactics for investing, budgeting, building your business and investing in real estate.

If you skipped college or never went due to extenuating circumstances, you might look into signing up for a part-time program. I got my MBA at night and it was a difficult process balancing work and school, but I did it and my company paid for most of it. Talk about a win-win situation.

Manage Your Credit Cards: Pay off your credit cards immediately with any excess cash you have above and beyond your Emergency Fund. If you can’t do that how about taking advantage of those teaser balance transfer rates? Just make sure in your attempt to reduce the cost of borrowing (ie, getting out from under those high interest rates) you don’t pay excessive transfer fees.

At some point you’re going to have to learn how to pay cash for things and/or budget for them. So if you want to buy that new plasma TV, I suggest you wait until you have money (read: cold hard cash) to pay for it.

Speaking of setting aside money to pay for planned expenses; it’s about time you had enough money set-aside for unplanned expenses. Just get started. See my article resource box for a great resource on saving money.

Create a Debt Repayment Plan – Get Out of Bad Debt: Don’t sweat it if you’re in a hole already and have a mountain of debt that you need to pay down. Debt is a form of leverage that can be used to create massive wealth, most notably through real estate investments. Using debt to buy an investment piece of property is an example of good debt.

You mean there is such a thing as good debt?

Yes. There are two types of debt: good debt and bad debt. According to Robert Kiyosaki, author of the successful Rich Dad book series, Good debt puts money in your pocket every month. Bad debt takes money out of your pocket every month.

Bad debt will bleed you dry if you’re not careful. Resolve to not add any additional bad debt and create a debt repayment plan that will eliminate your bad debt. Once you have paid of your bad debt, the money that was going toward paying down your debt can now be used to buy investments that add to your wealth.

In short, don’t buy liabilities that are disguised as assets (new cars, big homes and the like). These things will bleed you dry if you’re not careful.

Create an Emergency Fund: You should aim for between 3 to 6 months of your living expenses. My rule of thumb is that three months is adequate for someone who has a relatively secure job and six months is for someone who might be a consultant or has an unsteady income stream.

Start by socking away a set amount each week into what I call a Cash Can. Maybe it’s $5 or $10, but just do it. You get bonus points if you do it automatically ala the Pay Yourself First method of using an automatic transfer from your bank account. Put the funds aside into an account that’s hard to get to so you won’t be tempted to take money from it.

Resolve to Pay Yourself First: The most important bill you have to pay every month is the one you pay to yourself. The easiest way to fail to pay yourself first is not to make it automatic, that is, have money pulled directly from your savings account bi-weekly or every month.

I have money pulled from one bank account and placed in another on the 15th and 30th of every month. I did it this way because I’m paid bi-weekly. The reason paying yourself works so well is that the money is set aside before you have a chance to spend it. Aim to pay yourself at least 10% of your take-home pay. That might seem a little high right now, but that’s where the next tip can help.

Resolve to Live Below Your Means: One of the seven habits most millionaires have according to the research done by Stanley and Danko, the authors of The Millionaire Next Door, is that of being frugal. Being frugal is just another word for Living Below Your Means. Living below your means is not the same thing as being cheap, it means choosing not to spend all your income.

It means shopping around for the best deals and not spending all of your raises or bonuses on the latest doodad or gadget.

Again, it’s not about being cheap or living like a pauper. It’s about choosing not to spend every last dime you make so you have surplus funds left over each week that you can invest and help provide for your future.

Max Out Your Retirement Contributions: Politicians passed the 2001 Tax Reform Act and gave you a bunch of goodies, the most important of which was the increase in the amount you can sock away into your 401(k) and IRAs on a tax-deferred basis. Depending on your income, you can now sock away $12,000 into your 401(k) and $3,000 into your IRAs in 2003. You can put away even more if you’re over the age of 50.

Give Back: When you take the above advice and put the tips into effect, you’re going to immediately see a change in your lifestyle and your wealth. Be grateful for what you have and start to give some money away to charity

If your budget is currently too tight to donate money, how about donating your time? You can volunteer at the local shelter, soup kitchen, boys and girls club or a host of non-profit charities. If volunteering isn’t your cup of tea, how about donating the knowledge in your head? Lawyers do pro bono work and just about anyone can give away their professional services for free.

Also don’t forget you can give away your knowledge by creating a newsletter or setting up a web-site. It’s an easy way to give back and help others.

That’s why I write these articles. It’s my way of giving back and helping others avoid the mistakes I have made, as well as my way of passing on what I’ve learned about investing, personal finance and motivation.

There are a number of other things you can do, but I thought I’d post these main ones to kick off the discussion of major things you can do to improve your finances this year and to ensure that this is a prosperous New Year for you and your family.

How to Save Money For Your Medical Practice

A large percentage of healthcare professionals complain of constant mistakes in their medical billing. If you have the same dilemma, then it’s time you put your worries to rest. Did you know that you can make your medical practice more efficient? If there’s confusion and chaos in your office due to billing problems, then it’s time you look for experts who can save you from inadequate billing practices that result in financial trouble. Get ready to learn the value of hiring a medical billing expert.

Revenue cycle management issues are some of the most common problems encountered by physicians in all specialties. It does not matter if you’re fresh from residency or have been in the medical profession for decades. Medical billing has been considered a weak spot in the world of healthcare – but it doesn’t have to remain that way.

Do you put a lot of hard work into your profession, giving yourself to long hours of doing the rounds, manning the emergency room, and treating patients day in and day out – only to find out that you’re not getting the financial compensation you deserve? Well, you’re not alone. The truth is that you deserve to be compensated for ALL of the services you perform. Doctors need to make a living, too. There is no shame in making sure that you receive accurate reimbursement for your time.

This is why you should consider hiring a medical billing expert. There are a number of details that go into medical billing; it is a tedious task that you should not be worrying about, with countless medical cases already in your hands and requiring your prompt attention. With an expert handling your medical billing for you, your practice can become more cost-effective – and you can have more time to focus on patient care. Perhaps even more importantly, you can have the elusive peace of mind you so badly need.

As a doctor, your expertise lies in the treatment of people for a variety of illnesses. Your knowledge and experience give you the power to cure and heal. When it comes to revenue cycle management, it is best to hand over the reigns to someone whose expertise lies in revenue cycle analysis and practice management. Truly, a medical billing expert is what you need. Hire one now to increase your bottom line.

How to Save Money For Your Medical Practice

It’s tough being a kid, and it’s even harder earning money as a kid. However, although there may be some small hurdles to overcome, it’s really not that tricky after all. In this article we aim to give you some ideas as to how you can overcome your ‘unfortunate’ position..

To get money as a kid may be a problem as there are not many things in your favor. The law is quite possibly the biggest hurdle. The law governs the employment of children and there may be several limitations imposed on you. Obviously it is specific to your country, but as a rule you can not be gainfully employed much before the age of about 15.

You see there are plenty of ways to gain a little extra cash and stay pretty much under the radar, one of my favourites being – how to make money using your computer. Nearly every home has a personal computer these days and it’s perfect for making some extra money and you don’t have to leave the comfort of your own home!

I think that being a kid is something not to get frustrated about but to revel in. After all you can go to school and have lots of great friends, you don’t have much responsibility, and above all you don’t HAVE to work, also you get lots of holidays. Trouble is, most things these days take MONEY and that is something that you don’t have as a child. Your earning power as a kid is very limited and only a small handful of extremely determined children actually manage to make any money as a child. Well, anything worth talking about that is.

So tell me how to make money as a child? there were lots of techniques for children to earn cash, but also there are a lot of variables to take into consideration. These include;

-your age is a big factor in any money as six-year-old is much more difficult than if you are a teenager.

-w3here your house is is a big factor and can really limit or influence your moneymaking abilities. As a child without transport it could be very difficult to get to where the money is if you live in a quiet area.

-other responsibilities. You may have to care for your parents or another family member, this will impact on your time and give you less opportunity to make money.

-if you have support from your parents think things are going to be considerably easier. If you are actively putting your self out to try and earn some extra income most parents will actually help you along your way and may even give you some encouragement in the form of some startup capital.

Here are some ideas to get you going.

  • Wash cars
  • Do household chores
  • Deliver flyers
  • Start blogging
  • Gardening
  • Paper round

There are many ways to earn money as a kid it’s just sometimes you have to think outside the box to get going.

How to Make Money for Kids

It should go without saying that teenagers will one day get on the computer and start searching for ways that they can make money online. It’s incredible how the computer world has changed our lives over the past 20 years. It has been a long time since I was a kid. Making money while growing up was not an easy task. But I managed to find enough jobs to make money until I got my first job at the age of 16. Today luckily, kids now have an opportunity to start their very own online business as young as the age of 13.

Reports have shown that Internet marketing is the most popular way for kids starting a new business to make money online. There are many stories online today about kids who started their own business at a very early age.

Internet marketing comes in many flavors and varieties. But in the end the goal is entirely the same: try to figure out what to sell, market it to potential buyers, deliver to them upon payment and deposit the check. Perhaps the toughest thing about Internet marketing is trying to figure out where to begin. When you begin to learn, you’ll soon realize that being successful at Internet marketing means doing a lot of different things very well.

The advantage of starting young is that kids are learning while they are still living at home and getting an education. At that age, kids are thinking about a lot more interesting things than worrying about making enough money to pay their bills at the end of the month. Because of that, they can learn at their own pace without feeling any pressure.

Although there are several things I could mention that would help make it successful, I won’t go into specifics in this article. But let’s be truthful about one thing. This is by no means some kind of get rich quick scheme for kids. Basically the goal of teenagers should be to make enough money to go to the movies with their friends or to pay for that new bracelet they saw in the mall. Kids can earn as much, if not more, as a 16-year-old who has a job working at McDonald’s. Internet marketing is the absolute best answer regarding how to make money for kids.

Because of their young age, Internet marketing training must be interesting enough to hold their attention. Hopefully the thought of making a little money on the side will keep them interested enough to learn how to do what’s necessary. Right off the bat they will understand that there is no “push-button” way of making money on the Internet. With a little bit of effort, time and patience, they will be rewarded for their hard work.

How to Save Money For Your Holiday

Ahh yes, the eternal conundrum. We all want to travel, but travel costs money, now doesn’t it? Whether travel must necessarily be a huge drain on the ol’ bank account is a theme for another article, but I’m certainly ready with a few ideas for how to save up a few extra quid (or bucks, if you will).

1) Those things at the bottom of your legs? They’re called feet.

Rediscover them. Ditching the car can save you an absolute fortune. Clearly, most people are not in a position to go without wheels totally, but it’s worth asking yourself whether you really need it for that nip to the cornership or taking your kids to school. Walking’s in my blood. I used to walk home 5km home from school each day and then in Vienna 7km to work and back. I loved it. It’s certainly a lot less frustrating than sitting in a traffic jam or cursing when the traffic lights turn red. If you’re in the position to try a less auto-filled life, give it a go.

2) Brown bag it.

Do you remember your school lunchbox fondly? I do! So revive it. Pack yourself a little picnic for lunch each day and you could save several pounds each meal. If you’re more of a hot meals for lunch kind of person, this requires more organisation, but it’s relatively easy to whip up a huge batch of chilli and take it to work a few days in a row or freeze it for later use. Sandwiches made at home tend not only to be healthier if you skimp on the mayo, but much cheaper than the store-bought variety. Additionally, with all these new cooking skills, you can impress your date or partner without forking out for restaurant food!

3) Make staying home the new black.

For all you social butterflies meeting your friends at fancy bars and restaurants several times a week: reconsider. It’s great fun, but incredibly expensive. Why not throw a dinner party and get your friends to reciprocate? Have a cheese and wine evening or stay in with some friends, pop some popcorn and watch a movie. Obviously don’t become a recluse – but start thinking about cheaper alternatives to activities you enjoy.

4) Save automatically

If possible, arrange with your employer that a cut of your paycheck is deposited automatically into your savings account. If this isn’t possible, try to be disciplined and do the same yourself with online banking. Even if you don’t manage it every month, it’s better than nothing. At home, try keeping a piggy bank around. At the end of each week, empty all your spare change into it. Nice and easy – you won’t even miss it!

5) Get a second job

Think you can spare an evening or two a week – maybe a day at weekends? Then this option may be for you. Jobs for students in particular are easy to come by: bar work, restaurant work, call centres, fast food gigs, even tutoring, so there’s no excuse. If you’re already in fulltime work, things are more tricky, but depending on the time you’re willing to invest, it is possible. Many restaurants and bars will take on staff for just a few shifts a week, particularly for awkward shifts other employees like to avoid. If your hours are more flexible, try joining an agency to pick up odd shifts here and there.

6) Do odd jobs

Babysitting, dog walking, lawn mowing? The world is your oyster. Ask around your circle of friends, post flyers in your neighbourhood, talk to your local parish, whatever you like. If you have additional talents, why not offer those out as well? Trained as an electrician? Quick and easy fixes. Studied history? Tutor some struggling students. Know a second language? Try teaching someone else. Make sure your prices are fair and people will pick up on it.

7) Keep your eye on the goal

It always helps to keep a close eye on your finances, particularly when you’re saving for a particular goal. If you don’t watch out, you can easily fall behind or fall totally off the wagon – this is not good! Make sure to check your bank statements regularly (internet banking is a godsend), keep your receipts together and try keeping a spreadsheet of your expenses so you can identify where your money’s going. You might discover some seriously big drains this was that you’d never noticed before.

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How to Save Money for Retirement and Live Those Care Free Days Forever

The future is an uncertain place. Sadly, this has never been truer than right now. It is a shame because not so long ago things looked pretty good. In the post war era things went well for the West and everyone seemed to prosper. But the good times enjoyed by the boomers are well and truly over. From this point forward living standards are generally going to be lower and everyone will have to make do with less.

Well, not everyone actually. If you take charge of things now and study how to save money for retirement you will enjoy your later years more than most. But you will have to make some tough decisions and you will have to take some responsibility for yourself.

The biggest problem is that you won’t be able to rely solely on others to manage your affairs. Well, you can if you want to but all that involves fees and management charges and these can add up. You will have to look after a lot of your own money. This means investing at least some of it yourself.

Now before you panic and think investing is way too dangerous or beyond your capabilities think about this. Putting your money in a simple savings account is investing, it is just extremely low risk investing. What you need to do is have a diverse range of investments covering different asset classes that will help you get through the dreaded downturns.

Stocks, bond, cash, property, metals, commodities you need to be aware of all of them. How to save for retirement involves financial education. All you need to do is sweat over the books just a few hours a week and you will have more knowledge than 90% of people. A few hours more and you will have more knowledge than 99%.

Once you have that knowledge you have the power. You have the power to look at different financial products and ask the right questions. You no longer have to sit in front of a salesperson not really understanding what they are going on about and risking your future just because they are trying to hit a target.

In all probability with those few hours of study you will know more than them. Sales is sales remember. A good salesperson can sell cars as well as they can sell financial products. They are not going to tell you anything. They just want a bigger bonus.

If you continue to think like everyone else then you will likely stay poor. Most people simply hope about the future and have no idea how to save money for retirement []. They are told by other people what will happen and they believe it. Really most people don’t want to think too much about the future. They would rather live in today and worry about tomorrow when it comes.

How to Manage Money So You Can Start Building Wealth

Learning how to manage money is the prerequisite to building wealth. This might sound simple, but how many times have you tried to skip the step of living off of a written budget, developing a set of expense categories to live off of and all those other “boring” money habits and tried to go right for the step of building wealth? It has been said that there are a millions ways to make a million dollars, and this is true.

However, none of them will work unless you first start managing what you already have. Let’s look at a simple plan which can help you accomplish this…

A Simple Plan for Controlling Your Cash Flow

Many times, the reason we have a hard time developing and living by a budget is that we over-complicate our budget with pages of expense categories. Instead of trying to live off of that kind of detailed plan, try these four simple expense categories:

1. Investment of 10% of your income

2. Giving of 10% of your income

3. Reserving of 10% of your income (for making cash purchases instead of credit)

4. Paying expenses with the remaining 70%

As you can see, this plan is simple and to the point. Now all you have to do is set aside ONE day every month to allocate your monthly earnings into these categories. This will help you learn how to manage money without having to focus all your energy on monitoring your budget, filling in spreadsheets and trying to balance your spending categories.

Instead, you take one day out of the month to pay all your expenses (you can place all your cash in envelopes for things like food shopping) and to make your investments, your charitable giving and set aside your cash reserves. You can also use this day to assess your financial situation on a monthly basis and make sure you’re on track to achieving your long-term plan.

Getting Started With Wealth Building

Once you get control of your cash flow using the above system, you’ll discover that you have more money to use for building wealth than you originally thought. Your next step will be to get rid of as many things as you can which are causing a negative cash flow. This means paying off your debts. After all, if you have debt which is costing you an 18% interest rate, there’s no point in making an investment which is only earning you 15%.