Building Wealth Quickly - A Step Method To Making Money Fast For Everyone
by kelly price
If you want to build wealth quickly and make money fast, then enclosed you will find a proven way to do it. Best of all you don't need much money to start - you only need a few weeks to learn and 30 minutes a day to make money with it. What is this method? Lets find out.
The method is becoming a forex trader from home. Stop!
You may say I couldn't do that - its to hard or I need to much money.
Well you can - because forex trading is a learned skill. ANYONE can teach themselves and you have one huge advantage with this method.
You can get $100,000 to trade no credit checks required, its given to you the moment you open your account.
Put down just $500.00 and you can trade 200 x your deposit or $100,000.
If you use this leverage wisely you can make huge gains. The key is money management and a plan.
The best way to trade is to learn to use forex charts to spot repetitive price patterns and trade them for profit - running the big trends and milking them for profit and cutting losing trades quickly.
Anyone can learn to do this, with the right mindset and a plan and you can too.
Let me tell you a quick story to really inspire you...
Back in the nineteen eighties, trading legend Richard Dennis wanted to prove anyone could learn to trade regardless of age, sex or educational background. So he gathered a diverse group of ordinary Joe's together who had never traded. They included:
A kid fresh from school, an actor, a security guard a female auditor and a couple of professional poker players to name a few of them. He then taught them to trade in just 14 days - The result?
They made Dennis $100 million in just 4 years and many have become trading legends and still trade today.
So there you have it - anyone can do it.
Of course making money is never easy and you wouldn't expect it to be with the rewards on offer - but this experiment proved the potential is there for anyone willing to learn and a desire to succeed.
Sure it's a challenge - but its one with the right attitude you can take up, win and become a professional forex trader from home.
Many people have found it's a way to better lifestyle and have set out on the road to financial freedom and you can to if you want to.
Investigate this method of building wealth quickly and making money fast and you maybe glad you did.
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Article Source: Article Directory - Free Articles - ArticleCube.com
Showing posts with label financial freedom. Show all posts
Showing posts with label financial freedom. Show all posts
Friday, May 23, 2008
Friday, November 16, 2007
10 Tips To Help You Avoid Bankruptcy
Avoid Bankruptcy With Our 10 Top Tips
By Wade RobinsMany people want to know how they can avoid bancruptcy, it can be a difficult question to answer, especially when you have to consider the individuals unique circumstances. This article is going to try to give you the ten best ways to help you avoid filing for personal bankruptcy. This advice is just that, it's not legal advice and it certainly shouldnt be relied upon. You should seek qualified legal advice before making any decisions about your debt.
1. Idealy you need to increase the amount of money you have available to you every month. The best, and fastest way is to get a second job. You will only be able to take a second job if your full time job allows this. Even if the part time job only gives you two hundred dollars a week, that mounts up to 800 dollars a month, this will go a long way to reducing your debt. Write down all of the debts that you have, put the ones with the highest interest rate at the top as you will aim to pay these off first.
2. You must stop using your credit cards, they are the source of your trouble. If you can bear it then cut the cards up so that they can never be used again. Failing that you could give them to your wife. A credit card is however good for emergencies, you should keep one, just one mind!
3. Take a look at all of your assets and decide which ones are worth the most. Normally people dont realise just how much the things they own are worth.Houses are scarce goods and so appreciate in value, this appreciation may help in reducing your debt.If you cannot cover all of your debt by taking out a second mortgage then dont consider using this step, it's only worthwhile if you can pay everything off.
4. Unfortunatly cars are not like houses, 99% of cars depreciate in value. If your car is still worth something then would you consider selling it? Of course you will need a car, so buy a cheaper car. Just remember that you do get what you pay for. Paying for something too cheep could be a really big mistake. For more info see http://www.filingpersonalbankruptcyhelp.com/Bankruptcy_ExemptionsBankruptcy Exemptions.
This is by no means a concise guide to reducing your debt, these are simply a few possible solutions to your debt.
Take a close look at all of your assets. You may be able to assess the equity in your home or other asset so that you can pay off the other debt you owe. Don???t do this though if it is not realistic for you to maintain both your current mortgage and a second payment on the home. You don't want to end up losing it. Your vehicle many have equity in it as well that you can take advantage of. There is also the option of trading your vehicle in for one that comes with a lower payment. Just make sure it is reliable so you aren???t constantly paying for repairs on it.
About the Author: You can also find more info on Bankruptcy Code and Bankruptcy Court.
Source: www.isnare.com
Permanent Link: http://www.isnare.com/?aid=201917&ca=Finances
Making Your Fortune with Public Domain
Making Your Fortune With The Public Domain by Omar Johnson
Did you know that you could boost your income or even create an income just by utilizing the public domain? Maybe that term is vague or unfamiliar. Simply stated, the public domain refers to the status of certain types of creative material that may have once been copyrighted or patented. That material, though created by other people, belongs to the public. The 'public', which includes you, can then use this material in any way they see fit.
Some examples of material that could be in the public domain include music, books, audio recordings, artwork or unclassified material created by the U.S. Government. Yes! Even if the U.S. Government created it, you can use it to your benefit. That includes Government forms, white papers, photographs, broadcasts and other literature.
All of this material which may have been created by experts, professionals in their field, who pulled together years of struggle and research, now belongs to anyone who can put it to good use. It's a completely legal process that companies have used for years.
HOW MATERIAL BECOMES PART OF THE PUBLIC DOMAIN
Now don't think that if you spend years of research and labor to produce a book, a report or an audio recording, that it can just suddenly not belong to you anymore. There are ways to protect your material, but, of course, it is up to you to take the necessary actions to actually do it. Let's go through the different ways that material can become part of the public domain.
The first way something enters the public domain is by virtue of the fact that it was created by the U.S. Government. Though people sometimes get confused, it is the Government that works for the people and not the other way around. So when the Government conducts a study and publishes its findings, it's like telling an employee to gather information and report back to the company. The 'company' in this analogy is THE PUBLIC!
The second way a copyrighted or patented thing becomes part of the public domain is if the copyright or patent has already expired. Supposing a person creates something that can be copyrighted or patented, that ownership is for a limited period of time. For a copyright, the length of time is generally the duration of the author's life plus 70 years before it becomes part of the public domain.
A patent's lifespan is only 20 years, but it can be renewed. Also, material that was created before copyright laws were in place is now part of the public domain and that includes anything created before 1923. The bible and the inventions of Leonardo Da Vinci are therefore part of the public domain.
A third way material enters the public domain is if it is a fact. However, there is a stipulation. If you were to come up with a new mathematical formula, that would become part of the public domain. You can't own facts.
On the other hand, if you were to use that formula in conjunction with other formulas to create a new kind of computer program, that program could be owned by you, protected and, therefore, NOT enter the public domain. So facts belong to the public, but if you creatively organize and/or present those facts, that can be copyrighted or patented by you and thus would not enter the public domain.
You should now have a fair understanding of how material becomes part of the public domain. All you need to do is find it and use it creatively to profit from it. For instance, maybe you could take the inventions of Leonardo Da Vinci, recreate the blueprints and build a best-selling novel around them.
Perhaps you could search for and gather, Government Reports on a specific topic and then provide your own analysis on how to interpret them. Everyone knows Government documents can be difficult to understand! It's possible that some Government Studies support and give credibility to your business or invention.
In that case, publish the Studies on your website, in your newsletter or in a Press Release. Your options are unlimited in the ways you can use material found in the public domain to your benefit.
It's important to note that the copyright and patent laws can get extremely complex, therefore only use this information as a solid foundation. After all the technicalities of Law jargon, the U.S. Governments, all 50 State Governments, the European Union and other countries get factored in, it can quickly become an overwhelming task to understand it. That's why it's always a good idea to check with your local governing bodies to make sure you are following the law of the land.
Omar Johnson is author of the home study course "How to Make Money On the Internet While You are Asleep" Get your Free Report
Article Source: Article Center
Did you know that you could boost your income or even create an income just by utilizing the public domain? Maybe that term is vague or unfamiliar. Simply stated, the public domain refers to the status of certain types of creative material that may have once been copyrighted or patented. That material, though created by other people, belongs to the public. The 'public', which includes you, can then use this material in any way they see fit.
Some examples of material that could be in the public domain include music, books, audio recordings, artwork or unclassified material created by the U.S. Government. Yes! Even if the U.S. Government created it, you can use it to your benefit. That includes Government forms, white papers, photographs, broadcasts and other literature.
All of this material which may have been created by experts, professionals in their field, who pulled together years of struggle and research, now belongs to anyone who can put it to good use. It's a completely legal process that companies have used for years.
HOW MATERIAL BECOMES PART OF THE PUBLIC DOMAIN
Now don't think that if you spend years of research and labor to produce a book, a report or an audio recording, that it can just suddenly not belong to you anymore. There are ways to protect your material, but, of course, it is up to you to take the necessary actions to actually do it. Let's go through the different ways that material can become part of the public domain.
The first way something enters the public domain is by virtue of the fact that it was created by the U.S. Government. Though people sometimes get confused, it is the Government that works for the people and not the other way around. So when the Government conducts a study and publishes its findings, it's like telling an employee to gather information and report back to the company. The 'company' in this analogy is THE PUBLIC!
The second way a copyrighted or patented thing becomes part of the public domain is if the copyright or patent has already expired. Supposing a person creates something that can be copyrighted or patented, that ownership is for a limited period of time. For a copyright, the length of time is generally the duration of the author's life plus 70 years before it becomes part of the public domain.
A patent's lifespan is only 20 years, but it can be renewed. Also, material that was created before copyright laws were in place is now part of the public domain and that includes anything created before 1923. The bible and the inventions of Leonardo Da Vinci are therefore part of the public domain.
A third way material enters the public domain is if it is a fact. However, there is a stipulation. If you were to come up with a new mathematical formula, that would become part of the public domain. You can't own facts.
On the other hand, if you were to use that formula in conjunction with other formulas to create a new kind of computer program, that program could be owned by you, protected and, therefore, NOT enter the public domain. So facts belong to the public, but if you creatively organize and/or present those facts, that can be copyrighted or patented by you and thus would not enter the public domain.
You should now have a fair understanding of how material becomes part of the public domain. All you need to do is find it and use it creatively to profit from it. For instance, maybe you could take the inventions of Leonardo Da Vinci, recreate the blueprints and build a best-selling novel around them.
Perhaps you could search for and gather, Government Reports on a specific topic and then provide your own analysis on how to interpret them. Everyone knows Government documents can be difficult to understand! It's possible that some Government Studies support and give credibility to your business or invention.
In that case, publish the Studies on your website, in your newsletter or in a Press Release. Your options are unlimited in the ways you can use material found in the public domain to your benefit.
It's important to note that the copyright and patent laws can get extremely complex, therefore only use this information as a solid foundation. After all the technicalities of Law jargon, the U.S. Governments, all 50 State Governments, the European Union and other countries get factored in, it can quickly become an overwhelming task to understand it. That's why it's always a good idea to check with your local governing bodies to make sure you are following the law of the land.
Omar Johnson is author of the home study course "How to Make Money On the Internet While You are Asleep" Get your Free Report
Article Source: Article Center
Sunday, July 15, 2007
6 Tips To Becoming A Millionaire Thinker
Six Tips to Instantly Master Your Finances by Becoming a Millionaire-Thinker
By Melanie Strick
What’s the fastest route from where you are today to your ideal financial status? Becoming a “millionaire-thinker”. Now you may think this means you have to be a millionaire – you don’t! The truth is many people don’t aspire to that level of financial success – and there is nothing wrong with that.
But what does happen is entrepreneurs often feel stuck, confused and held-back from the level of wealth and freedom they deeply desire. And they turn to my coaching team to break through that barrier. What if just a few little shifts in your thinking could cause you to start creating the freedom you’ve always dreamed of?
I’m going to share with you six tips to help you transform your “stinkin-thinkin” into “millionaire-thinking” but first, we need to address three common issues that come up for every entrepreneur I know.
“Your money zone is equal to your comfort zone.”
One of the laws of wealth is that you must be willing to stretch, take risks and be bold in your vision to make the big bucks. Why? Because doing what you have always done will get you what you’ve always got. Need I say more? Yes? Ok, let me share with you a personal a-ha …
My biggest personal breakthrough in the wealth game was when I first sat down and projected my revenue. I had envisioned having an income of $200,000 the next year and when I looked at how many hours I could feasibly work, plus how much I was charging per client (back then it was $400/month), I was exasperated! I would have to coach at least 40 people each month to make my goal. That just wasn’t realistic for me. To reach my financial goals, I had to stretch beyond my comfort zone and play REALLY big. By being willing to stretch and grow, I found myself creating programs like my Business Accelerator Mastermind Program, live workshops and the ULTIMATE Wealth & Success Circle.
Going beyond my comfort zone also positioned me to help my clients in new ways so that they can catapult forward faster too. In other words, everybody wins.
“You attract the amount of wealth that your ‘container’ can hold.”
Many people walk around with damaging beliefs about money. “I’m not good enough,” “Money causes greed,” or my personal favorite, “I’m not good with money.” Hence, your money container becomes a very small espresso cup. Or worse yet, some people are like a sieve (a container with lots of holes in it.) Your money container must be big enough and a complete whole to allow massive wealth to flow in it or else it just spills out.
“Easy come, easy go.”
Unfortunately many people lose their first big money windfall because of poor accounting, broken work flow systems or lack of proper money management knowledge. When the money is there but the foundation isn’t it will just as easily leave your bank accounts.
This week I just coached one of my clients around this very issue – a broken system caused them to miss their insurance renewal and lapsed their Corporate filings and the government shut them down. Talk about a financial mastery wake up call.
Financial mastery is crucial to achieving the dream of wealth, success and freedom.
Here are six tips to align your mindset, your habits and your behaviors NOW with financial mastery.
Surround yourself with others who have it (or are getting it.) There is a saying that the money you have is the average of the five people you spend the most time with. That’s because you adapt to their thinking, their beliefs and their attitudes. Wealth breeds wealth. If you want millionaire results, start hanging out with people who have it or are creating it.
Spend it. No, I don’t mean go into debt. I mean begin to vision how you will put your wealth to work for you. How will you invest in your business? How will you give back to charities or through tithing? What rewards will you create for yourself, your family and your world? Being crystal clear about this step will make creating wealth mean something much bigger than just making money – it aligns wealth building with your values.
Conquer your inner money demons. If you have lingering issues with money, then you must resolve them in order to truly create freedom. I highly recommend doing the inner work to know that you deserve money. This is one of the areas we address for the members of The ULTIMATE Wealth & Success Circle.
Think bigger than big. Napoleon Hill states in Think and Grow Rich that great leaders became great because they developed the faculty of creative imagination. When you tap into your true creativity, big ideas, plans and goals will intuitively come to you. Be willing to play bigger (and more focused) than you ever dreamed of.
Have a system to manage it. Wealth thrives with order. Having proper systems such as a good accountant and bookkeeper, proper business structure (LLC or Corporation), and software such as QuickBooks can make a big difference as a millionaire. Can you imagine having all that money and not knowing where it is going? Yikes!
Be a millionaire-thinker now. What if you just started thinking and behaving like a millionaire would RIGHT NOW? Millionaires make decisions, focus their time and enjoy a lifestyle that supports their success. Start acting as-if you are a millionaire thinker now and attract more of that kind of success instantly. I know it works because I’ve done it.
Whether it is your dream to be a millionaire or not, I encourage you to adapt to the “millionaire-thinking” mentality. You will notice instantly that people begin to respond to you differently, that you attract into your life significant results, and people will want to know you because you will emanate success. Have fun with it – because hey, that’s what it is all about anyway!
About the Coach:
Melanie Benson Strick, The Entrepreneur’s Success Coach, teaches entrepreneurs how to stop feeling overwhelmed so they can create more money, more freedom and more prestige.
If you’re ready to stop working in your business and start working on your business, go to http://www.virtualteambuildingsecrets.com to learn the secret to growing your company to a six and seven-figure success without employees or a 90-hour work week!
Article Source: http://EzineArticles.com/?expert=Melanie_Strick
http://EzineArticles.com/?Six-Tips-to-Instantly-Master-Your-Finances-by-Becoming-a-Millionaire-Thinker&id=644563
Thursday, July 12, 2007
Sell Your Structured Settlements
Sell Your Structured Settlements - Why, When and How!
By Hunt Robert
With a structured settlement, you do not simply get money at a regular interval to cover your basic living costs and other expenses like medical costs; you also have the option to sell the right at any point of time to get a lump sum amount to meet up sudden needs.
At the same time, you can also settle for periodic payment options to cover occasional costs like education, marriage if you have other means to support you in regular life. In reality, a structured settlement offers you enough flexibility to plan your income depending on your financial conditions.
To add to this, the amount you receive on a regular interval is completely free of federal or state tax. Whereas if you had taken a lump sum amount and invested them otherwise to earn a monthly income, you would have ended up in paying a big part of your earning as tax. For the last comment, we assume that the concerned person have invested the amount wisely.
These are reasons enough that people in general love to get a secured structured settlement instead of a onetime lump sum amount.
Nevertheless, here comes the crux – why, when and how do you sell your settlement in an urgent need! Say, you settled with your company for a monthly coverage option but all of a sudden, you got yourself deep in soup and needed some liquid cash urgently.
What would you do if you do not have any other option to support yourself with a lump sum amount! If this is not enough, you may find some people who sell their settlement to get lump sum amount to start their own business or to build their portfolio.
If there is no option left, you can sell the right of your structured settlement and Government allows you the provision to do so.
Many companies purchase the structured settlement rights at a discount price. The amount you can get depends on your attorney’s negotiation skills and market reputation of your previous employer and other conditions. Often the settlement purchaser demand for a higher discount rate not only to cover all the risks involved in the process but also to draw a bigger profit margin.
There is a common misconception that you must sell all the annuities at one go. However, here you have all the flexibilities to sell your annuities partially and thus you can sell only as much as needed to overcome the immediate expenditure. The rest can be left, as it is, to cover your regular expenditure.
The first thing you need to do is to hire a professional financial advisor and/or an attorney to get the best
deal for you. An attorney can guide you further through the legal procedures like court oversight, consumer protection statutes and legal approvals for selling structured settlements.
Robert W. Hunt is a financial advisor by profession. For more
information on structured settlements, he recommends you to visit http://www.structuredsettlements.bz
Article Source: http://EzineArticles.com/?expert=Hunt_Robert
http://EzineArticles.com/?Sell-Your-Structured-Settlements---Why,-When-and-How!&id=612222
Monday, July 9, 2007
Debt Relief for College Students 101
Debt Relief For College Students 101
By Kristi Patrice Carter
Debt is a huge problem. Most of the time, you will hear about debt associated with middle aged couples and families, however, many college students are in debt as well. College students today can be even as far as 20 thousand, 30 thousand, or 40 thousand dollars in debt. The problem is actually a lot worse for students. Every credit card company in the world wants to send 'student credit cards' out. Students who need things on a daily basis often just go and use one of their credit cards without even thinking about the bill and interest adding up. Another problem is, money can be kind of scarce for most college students, so paying the bills isn't always that easy.
The problem is becoming huge as college students are forced to put off more school because they have incurred too much debt. As a matter of fact, they have been pushed into taking jobs they normally wouldn't have taken because of the debt, put off buying a house, or getting married and having children because of the money they owe. This is without mentioning the worry they have frequently about their debt.
Finding a good debt relief program for students is a great idea. Debt relief programs will help students do several different things. Gathering all of their debt is important, as they will be able to track their debt, and establish a plan for paying it off. Making sure that all of the companies they owe are getting paid something will reduce the risk that their debt will be turned over to a collection agency, and then if still unpaid, go against their credit. Most likely, the debt will all be wrapped neatly into one monthly bill. This will give the student peace of mind, knowing that they pay one bill and all of their debt is taken care of for that month.
Another good thing about debt relief programs is that the bill the students will pay will be smaller than all of their original bills would have been. This is helpful as it will free up more money for the student to be able to use on other things that (s)he needs, such as books, food, gasoline, etc.
When student debt relief programs help students establish a payoff plan, the student has a clear view of what they're paying, how long they will be paying on the debt for, and when the debt will be paid off. This will help them be able to plan their actual lives better. They will have a clear understanding of what they can plan for, what they can budget with and this well help ease their mind as well. Debt relief programs will work with the student and see them through until the debt is paid off. This is immense help for someone who is trying to stay on the right track to getting their life on the right track and establishing good credit for themselves.
If you’re currently drowning in debt and are seeking a way out http://www.debtreliefarticles.info can help! Learn proven tips and tricks to become more prosperous and take control of your financial health. Visit http://www.debtreliefarticles.info today!
Article Source: http://EzineArticles.com/?expert=Kristi_Patrice_Carter
http://EzineArticles.com/?Debt-Relief-For-College-Students-101&id=634690
Sunday, July 8, 2007
Debt Consolidation on Student Loans
Essential Information On Student Debt Consolidation
By Mary Wise
Consolidating Federal Student Loans
Federal student debt consolidation is usually done through another federal student loan. This new loan combines the outstanding loans into a single loan and locks the interest rate. The benefits you can obtain by means of this type of consolidation are significant as all these loans are subsidized which implies low rates. If the rate is locked, this implies that you will have the same monthly installments for the rest of the repayment program while your income may improve.
Private Student Debt Consolidation
Private student debt consolidation is also done through a debt consolidation loan. However, this new loan will be a private loan. Though most of these loans are also subsidized, the interest rate charged may be higher than that of federal loans for students.
As to the requirements for approval, provided that you are up to date with the payments there won’t be a problem with approval as you are already showing that you can repay debt with higher monthly payments. However, if you have defaulted on a loan or have late or missed payments, you’ll have more difficulties during the qualification process.
Consolidating PLUS Loans
PLUS loans are awarded to parents and thus, these loans need to be consolidated separately from the loans awarded to students.
However, it is possible to consolidate them jointly if both co-sign the same consolidation loan.
However, this is not a common solution as the nature of the debts is different too and thus it is not always advisable to consolidate both debts simultaneously.
Nevertheless, it can be done and sometimes, either the parents or the graduated student, choose to consolidate through a home equity loan and unify all student debt and consumer debt into a single loan.
Joint Consolidation of Federal Loans And Private Student Loans
This is a particularly complicated issue. Private student loans can not be included in federal consolidation loans due to obvious reasons.
However, federal student loans can be included in private consolidation without difficulties.
However, is it advisable to do so? Generally, No. This is due to the fact that federal loans are subsidized loans and carry low interest rates while only some private student loans are subsidized and even those which are still charge a higher rate than federal loans. Thus, by consolidating, you would be turning an otherwise cheap debt into a more expensive one.
Higher Debt, Lower Payments
Of course, if what you need is to bring some ease to your financial life and would benefit from lower payments, private student debt consolidation offers better chances of getting longer repayment programs and thus, lower installments so your debt becomes more affordable.
Mary Wise, a professional consultant at Badcreditloanservices.com with twenty years in the financial field, prevents consumers from falling into the hands of fraudulent lenders.
In her website you will find more useful tips and interesting financial articles on this and many other related topics.
Article Source: http://EzineArticles.com/?expert=Mary_Wise
http://EzineArticles.com/?Essential-Information-On-Student-Debt-Consolidation&id=633486
Wednesday, May 16, 2007
Financial Freedom! Is It For You?
Financial Freedom! Is It For You?
By: Yvonne Finn
Financial Freedom!
What does financial freedom mean to you?
Does it mean buying anything you want regardless of how much it cost?
Does it mean spending your days in ways that enrich and empower you instead of being at the beck and call of an employer?
Is there anyone in the world who wouldn't agree that the dream to be financially free is a universally desired goal?
But how does one create and maintain this sought after state of financial freedom.
Surely, it is not by working hard at a job. We've all heard the grim statistics of people working hard, only to end up old and very poor.
Having a job is not a secure method to achieve your desire to be financially free!
Many employees, from clerks to CEO's have found themselves unceremoniously dumped from jobs they thought were secure.
Even employees who are lucky enough or maybe foolish to hang on into retirement, working for someone else, are finding that the pension that they counted on is insufficient to cover their hoped for and deserved life of ease.
Taking an informed, involved and hands on role in your finances is the only way to be financially free.
No one else can be as passionate about your financial goals, dreams and desires as you are.
Others may or may not share your commitment to achieve your financial independence, however, that does not reduce your responsibility to make every attempt to achieve it.
Very often, when I talk about money and how freeing it is to have enough to live a self-directed life, there is always one person who will say," money is not that important" or "money can't buy happiness".
Of course it's true that money cannot buy happiness, nothing can, for happiness is a state of mind that you choose for yourself, regardless of circumstances or the attitudes of others.
And money IS important for the things that money CAN do, such as good schools for your children, spending your time how you choose, supporting charities and so much more.
So, how do you achieve financial freedom?
Acknowledge and accept that whatever financial state you are in presently is a result of the actions you have taken up to that point in your life.
Then decide that you want to create a brighter, more secure financial future for yourself and those who depend on you.
Do an in-depth financial analysis beginning with your credit rating.
If your rating is not a good one or you don't yet have a credit history, begin the process of restoring or establish one.
Excellent or even just good credit will be your solid foundation on which you will build your financial freedom.
After addressing your credit score the next step will be to learn about wealth creation tools and strategies.
Get help with this step by leveraging the knowledge of a trusted team of financial planners.
Enjoying a life of financial freedom need not remain just a distant dream.
Get passionate about your desire to build wealth, make a new plan and take well-advised actions.
Create a new plan and achieve your goals.
You provide the dreams and the desire and we will provide the sound, customized advice and planning that will help you build wealth and achieve financial independence.
Send this page to:
Author Bio
Committed to life-long learning and helping others achieve their financial goals of independence and security, Yvonne is known as the "go to" person to her friends, clients and business associates. Go To Her Here!
Article Source: http://www.articlegeek.com
Thursday, May 3, 2007
Personal Finance Tips
5 Key Personal Finance Problems - Which One Do You Want to Overcome? by Bruce Hokin (FCPA)
You can take control of your personal finances by applying the lessons listed below.
Problem #1. Spending Without Knowing Your Limits
As in business, you will not last long financially if you spend without regard to your income. Knowing your spending limits is not hard to do. Just find the answers to these 4 easy questions:
Question #1. What is my take-home income per pay? (that is your total income less taxes)
Question #2. What do I need to spend to live?
Question #3. What is the difference after taking spending from income?
Question #4. Can I save enough for my future from the answer in Question #3?
There are many tools to help you gain answers to these questions. You can find many on the Internet. Helpful Hint: Find one that helps you set your savings targets, checks your ability to meet the targets and then shows your progress towards your goals.
Problem #2. Spending Without Setting Savings Targets
It's OK to spend to the limits of your income but that does not provide you with any buffer for urgent purchases, or protect you from a financial emergency. Urgent purchases could be renewing a broken fridge or stove, calling a plumber to fix a broken pipe or having to spend for major car repairs. Financial emergencies could be temporary loss of income or hospitalization of a family member. How would you survive financially in any of these situations?
You can begin to save today, it's easy. What if you went without your bought lunch each day at work? That saves you $1,000 per year on $5/day. What if you reduced your Starbuck's coffee by 1 each working day? That's another $1,000 per year on $5/day. Just those two amounts alone can mean a holiday for you, the beginnings of a savings plan, or an emergency buffer.
If you set a target of 10% of your take-home pay each payday that would be a good start. If you think creatively, you are sure to come up with ways to achieve this. Think of the peace of mind that would bring.
Problem #3. Spending Without Knowing How to Save
There are many easy ways for you to save money that allow you the freedom to spend when you see something you really want. Some of these are:
1. Don't buy on impulse. Ask yourself 2 or 3 times "Do I really NEED this?" before you buy. If you cannot answer with a resounding "YES " let it go.
2. Don't buy things JUST because they are on sale. Only buy things you need. If you do need them wait a few weeks the price may fall even further.
3. Don't buy the latest fashion items at the height of the season. Just wait a while. The prices usually reduce.
4. Don't compare yourself with others and what they have. They may have purchased making the same finance mistakes as you.
5. Set yourself a savings target. Put this money aside each payday BEFORE spending any of your pay.
Problem #4. Spending Without Feeling Satisfied
Spending can leave you feeling pretty shallow and unrewarded when you purchase on a whim or fancy when you really know you cannot afford the item. What's more you may not even use it. What a waste!
To really FEEL GOOD ABOUT SHOPPING and spending you need to know these 4 things:
1. My budget allows me the freedom to purchase this item
2. I have the cash put away already for this purchase (even though I will use my credit card for the transaction).
3. This purchase is something that I really want and will use.
4. I have purchased this item at the best possible price, saving as much as I can.
Problem #5. Spending Without Caring About Your Future
Unless you are planning for your future and financial security, you cannot be really happy. There are always worries lurking in your mind about how you would survive in a financial emergency if you have no savings. It can be very rewarding to see how quickly your savings multiply over time with only a small investment each payday.
Did you know that by saving just $5 every day this would grow into $1,867 in 12 months at 5% interest and then it grows into a whopping $10,343 in 5 years? Isn't your future worth investing in?
Why not start to overcome your personal finance problems today? Looking back you'll be so glad you did!
If you click on the links below you will be taken to a great budget solution. It helps you set your savings targets, checks your ability to meet the targets and then shows your progress towards your goals.
Bruce Hokin has designed a simple budget tool called "5 Steps to Freedom Personal Budget." It based on his extensive background as a qualified, experienced accountant, manager, consultant and financial adviser. You can download this powerful budget assistant today and be on your way to financial freedom within the hour. It is available at his website www.freedom-personal-budgets.com.
Article Source: FreeArticleSubmission.com
You can take control of your personal finances by applying the lessons listed below.
Problem #1. Spending Without Knowing Your Limits
As in business, you will not last long financially if you spend without regard to your income. Knowing your spending limits is not hard to do. Just find the answers to these 4 easy questions:
Question #1. What is my take-home income per pay? (that is your total income less taxes)
Question #2. What do I need to spend to live?
Question #3. What is the difference after taking spending from income?
Question #4. Can I save enough for my future from the answer in Question #3?
There are many tools to help you gain answers to these questions. You can find many on the Internet. Helpful Hint: Find one that helps you set your savings targets, checks your ability to meet the targets and then shows your progress towards your goals.
Problem #2. Spending Without Setting Savings Targets
It's OK to spend to the limits of your income but that does not provide you with any buffer for urgent purchases, or protect you from a financial emergency. Urgent purchases could be renewing a broken fridge or stove, calling a plumber to fix a broken pipe or having to spend for major car repairs. Financial emergencies could be temporary loss of income or hospitalization of a family member. How would you survive financially in any of these situations?
You can begin to save today, it's easy. What if you went without your bought lunch each day at work? That saves you $1,000 per year on $5/day. What if you reduced your Starbuck's coffee by 1 each working day? That's another $1,000 per year on $5/day. Just those two amounts alone can mean a holiday for you, the beginnings of a savings plan, or an emergency buffer.
If you set a target of 10% of your take-home pay each payday that would be a good start. If you think creatively, you are sure to come up with ways to achieve this. Think of the peace of mind that would bring.
Problem #3. Spending Without Knowing How to Save
There are many easy ways for you to save money that allow you the freedom to spend when you see something you really want. Some of these are:
1. Don't buy on impulse. Ask yourself 2 or 3 times "Do I really NEED this?" before you buy. If you cannot answer with a resounding "YES " let it go.
2. Don't buy things JUST because they are on sale. Only buy things you need. If you do need them wait a few weeks the price may fall even further.
3. Don't buy the latest fashion items at the height of the season. Just wait a while. The prices usually reduce.
4. Don't compare yourself with others and what they have. They may have purchased making the same finance mistakes as you.
5. Set yourself a savings target. Put this money aside each payday BEFORE spending any of your pay.
Problem #4. Spending Without Feeling Satisfied
Spending can leave you feeling pretty shallow and unrewarded when you purchase on a whim or fancy when you really know you cannot afford the item. What's more you may not even use it. What a waste!
To really FEEL GOOD ABOUT SHOPPING and spending you need to know these 4 things:
1. My budget allows me the freedom to purchase this item
2. I have the cash put away already for this purchase (even though I will use my credit card for the transaction).
3. This purchase is something that I really want and will use.
4. I have purchased this item at the best possible price, saving as much as I can.
Problem #5. Spending Without Caring About Your Future
Unless you are planning for your future and financial security, you cannot be really happy. There are always worries lurking in your mind about how you would survive in a financial emergency if you have no savings. It can be very rewarding to see how quickly your savings multiply over time with only a small investment each payday.
Did you know that by saving just $5 every day this would grow into $1,867 in 12 months at 5% interest and then it grows into a whopping $10,343 in 5 years? Isn't your future worth investing in?
Why not start to overcome your personal finance problems today? Looking back you'll be so glad you did!
If you click on the links below you will be taken to a great budget solution. It helps you set your savings targets, checks your ability to meet the targets and then shows your progress towards your goals.
Bruce Hokin has designed a simple budget tool called "5 Steps to Freedom Personal Budget." It based on his extensive background as a qualified, experienced accountant, manager, consultant and financial adviser. You can download this powerful budget assistant today and be on your way to financial freedom within the hour. It is available at his website www.freedom-personal-budgets.com.
Article Source: FreeArticleSubmission.com
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