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Posts Tagged ‘money’

In Indonesia there is still much we find community members who can’t tell the difference between saving money by investing. The question is which then arises is: “well, then there is no safe place to invest donk?”. “Whether or not the Fund should be at home alone I saved or under a pillow?”. Save money at home is also risky. Risk of stolen by people home, stolen the thief could cause the money we save at home is reduced or lost.

If saving money at home or in the shape of a savings Citibank contain risk, let alone the name of investing. One thing that should always be our  is that there is no single investment that has no risk 100%. Due to this risk, therefore we must do an analysis before investing to minimize those risks (not eliminate).

Moreover, if we invest in capital markets financial products such as shares, Bonds and derivatives such as mutual funds. When like now where stock prices are falling, it is definitely an investment we will come down. Then how do we minimize those risks? Many ways that can be done. The first should always bear in mind that the investment risk is always proportional to the results of his investment. That is, the higher the interest or the expected results will be the higher risks. As for now there are already some investment products that can provide competitive investment results (not high) but with the risk of being controlled (manage). However, there are still many are investors in Indonesia are not using common sense, want a quick rich quick by investing in products that promise or dangle the high results.

The following so that you can be free from debt and always clean from the debt.

Will be in vain if you try to pay and pay off your debts while you still make new debt. Start by calculating the total debt you already have. Take a piece of paper and make 4 columns inside. First make a list of names and financial institutions (banks) where you have debt. And the next input amount owed you from each bank. The third column where you write down the interest rates charged and you have to pay from each credit card. And the last input and minimum payments from each credit card.

Try to reset the list of your creditors with creditors who are the biggest interest rates listed  top and pay debt and costs (interest) have the greatest first. Monthly installment payment ration of your debts, pay the minimum payment to other debts and the remaining largest nominal debt with interest paid into the most high as above.

Sell your valuables, be cleared deposits and savings and pay all these assets to pay off your debts now. There is no point you have millions of Rupiah deposit rates to 7% per year if you have to pay credit card debt with a 42% interest per year, which means your money minus 35% per year.

Confused? It sounds strange indeed above where I wrote you should not owe but I am currently recommends that you owe. Intended by borrowing more money aka owe is to pay debts of the old with the new with a note:

The amount of new debt will not exceed the old debt and
New debt interest rates should be lower than the interest rates on the debt.

With increasingly tight competition to get good clients that want to owe, credit card and financial institutions offering credit with interest vying for lower than before. Many credit card balance transfer facility is now offering move the alias you credit card debt a long to a new credit card with the lure of lower interest rates. If you are observant and able to utilize this facility does not cover the possibility you will be able to save on interest charges.

You should always remember is this step is a form of temporary settlement for short term interest rates weighed down so you are not big enough. Your ultimate goal is fixed to eliminate your credit card debt. In conducting these transactions be careful and always read the offer in writing submitted by the credit card issuer. Don’t get caught into the trap of cheap interest rates for a period of time (short) which will then ride became much more expensive than your debt interest rate  The edges you will be harmed.

revealed some of the things you need to know to manage your finances:

1. Divided per post
Well, all this time, how do you manage the allocation of postal expenses? Your first task is to record at least three months back to whatever income earned each month. The point, so that you can know the capabilities, and also know the outposts which were leaking.

In General, household spending can be categorized into the post routine life, postal expenditure expenditure savings and investment, the post is installment debt, and postal spending lifestyle. New employees are generally a lot have a will but realize there’s financial capability to its limit, then the only way is to make a budget or spending plan.

“So, should be determined, how much money is spent for each post,

2. do not be violated
What if the post everyday always great pegs rather than poles?
It certainly shouldn’t take away from another post, savings for example. The goal of making it so that the expenditure budget is directional and in accordance with our financial plan. The key to a successful budget is realistic and disciplined. One way is to create a separate account for account-Affairs monthly shopping Bill, pay utilities, investment accounts, and account-specific, such as “My shopping account” or a “Spa for me”.

3. Automatic Debit
Employees should also have automatic debit instructions to each account. However, it could also, every payday date according to the Fund’s budget directly spread to account-account. If you are not familiar with electronic transactions, use the methods of the envelope. Fill the envelopes in accordance with the budget that month. If you already started to thin, but not yet the end of the month, yes forced to downsize.

New employees who do not have dependents, should also be set aside at least 20 percent of the monthly salary for investment. The recommended investment course which gives the greatest profit potential such as stock or mutual fund shares, because the objective for the long term.

4. create a priority

What if it turns out not as big spending plan intake?  step makes the priority by using the ZAPFIN method. This concept is a very easy way to make a priority in the budget. Any income received, should be used with the Division of Zakat, Assurance, Present Consumption, Future Spending and Investment

You could say that our financial activity-whether it be credit card debt, monthly expenses, house rent, or bills, home loans can not be separated from our lives. Therefore do not be surprised if the large amount of debt or financial condition we will directly affect the emotional life, physical, and spiritual. Imagine when half of your income should you contribute back to the bank to pay credit card debt every month. It is a sign that you’re driven by money (or debt). Income is no longer a sign that you’re independent, but rather a source of stress due in part to be used to pay off debts. “Women need to build a healthy and honest relationship with money,” says financial expert Suze Orman. “We also need to see this relationship as a reflection of our relationship with ourselves.” It is important to maintain that our financial condition remains healthy. Suze Orman says, there are at least five things that indicate that your finances are healthy enough:

1. You realize with a “money personality” you. This can be seen from your family background, whether your parents invest in property, having an account at a bank that sets interest rates low, mutual funds, or that they are in debt? Your habit of saving and using money, the way you invest, argued about money, and how the financial perspective, partly shaped by how you treat your parents’ money when you were little. Your money personality directly affects your relationship with money, and the more you aware of this, the more you do not depend on money.

2. You dare to take financial risks. Dare to take the financial risk does not necessarily mean you dare to invest Rp 100 million in new business of a friend, or your hobby shop with a credit card bill until you reach hundreds of millions of dollars. Financial risk could also be classified as a smart move, for example if you buy a house as an investment, or looking for ways to earn money from your hobby.

3. You have savings, investments, or credit card account itself. Many women who want to leave their husbands, but could not because they do not have their own income to finance their lives. If you have accounts at the bank itself, it already indicates that you are financially independent women.

4. You have financial goals individually and in pairs. Your goal as a married couple, usually the home is being able to pay bills in a matter of a few years. Your goal as a working woman is to increase income to several million dollars a month. While the husband may also have its own purpose, but related to investment. As a woman who has the freedom to manage earnings, you should also set goals that are separate from your partner.

5. You understand fundamental financial issues. Call it the health insurance, pensions, interest, income taxes, and so forth. The more you master financial problems, the more you become independent, because you know what you should do with your money.

So here the long-term financial objectives is owned by a fraction of a variety of savings goals that must be done every month short-term-up to achieve that goal.

So do not just declare a long-term goals, but note also the short-term savings goals that can be done.

Income and Wealth

No one has become rich just because the big income. Wealth becomes apparent when you save or set aside money every month and invest it. Many people think, in our opinion less logical “If only  more then all the circumstances will be better”. The reality is, with rising incomes will always be coupled with rising standards of living or lifestyle. So you would still need almost all of the monthly income that you get with hard work. In fact, if the individual or family plan failed savings-saving goals, then they will only add to his debt.

When you get a promotion to the standard of living then you have to buy new cars more presenting your position. New car loan. debt. Then, you think the position now then I have to buy a nicer house. With the mindset and habits like this, it is difficult to achieve what is desired, ie wealth or welfare of the future.

It is not true if you think that wealth will come by itself because you have a large income and still maintain your financial behavior. You have to change for the better and more responsible.

Believe us, to achieve wealth or welfare, do not spend all your monthly income, set aside and invest for the future. So if you want to be rich (in terms of material) in the future, two things and only two things you should first change and improve, change your attitude toward money or changes in yourself. Second, increase the percentage of savings compared to total income.

Discount versus Save

We try to provide examples of where actually buy something with a discount not necessarily save money or save money. Big malls around Jakarta often times give a party weekend sale or discount, where the mall is for a certain period to give discounts could reach 70 percent of the regular price for a variety of goods available. Many people who come and of course want to take advantage of this discount party. After their shopping, they say, “we save Rp 200,000 to buy this bag! The price is only Rp 500,000. But do they really save USD 200,000?

For all of you who are bored with the monotonous routine of your lives, and are looking for something exciting and worthwhile, that will earn you some money. If you have an entrepreneurial streak in you, which you’re rearing to explore, then you definitely need to try out some hot new business ideas, that are mentioned in this article. Just read how simple it is to be your own boss, and pursue something that you love. The passion that you feel for something, will give you that added boost to go for the different business opportunities with more enthusiasm. Let’s check out some new hot business ideas then, shall we? Here we go!

Writing
One of the best business ideas for college students is to begin a website. It is fairly easy to make a website for yourself, and you have various tutorials that guide you to do so. Set up one about a topic or interest that you and your friends share, and begin writing on the site. Getting online visibility is what many advertisers aim for, so you can get money from them. Another online business idea is to begin writing for an already existing website. You share your writing skills, and they give you online recognition.

Arts and Crafts
One of the best home business ideas for stay at home moms is to indulge in their love for arts and crafts. If you have a creative streak in you, then it surely can earn you bucks, why hold back? Design and make your handicrafts, and get a local store to sell them for you. If not a store, you can invest some money, redo a room of your house into a small office, and begin selling your beautiful art and craft items from home!

Tutoring
One of the best hot new small business ideas for you, is to begin tutoring kids around your neighborhood. It is a small business idea, but can pick up very fast. I can tell you that from personal experience. Begin with just a couple of students, gauge for yourself if you can handle the syllabus, and then decide to take it to a larger scale. Time management, and a good sense of academic knowledge are a must for beginning this home based business opportunity. And the best part is, no matter what, parents will always send their kids to school. So you have a steady flow of students.

Pick and Drop
One of the hot new business ideas for 2010, is to try out some delivery business ideas. Get a couple of cars, and arrange for picks and drops of passengers or goods from one place to another. It could be dropping off groceries to a supermarket, or delivering flowers to a florist, or even people to the nearest airport. Things like that. It is one of the best new business ideas for small towns, especially.

Two days later the donations started once more, over the course of the next 24 hours someone was dumping a large sum of money into my PayPal account. Now I was starting to get worried! I’ve never heard of a scam where YOU get money, but I figured something was up, so I immediately changed all my passwords, and security questions, and even reformatted my computer.

I tried contacting PayPal but the situation was unique and they aren’t really set up for disputes where you’re contesting all the money coming in. At one point when I finally managed to get to talk to someone, the girl on the other end told me it was mine, and I could spend it.

I managed to find someone in the fraud and abuse department who was able to start tracking the donations that were coming in, and place holds on them, but they were coming in faster than she could stop them, and it eventually took two people to get a hold on things.

WOW! As I’m writing this $1500.00 just came in and my roommate who has been watching the entire proceedings take place is begging me to let her print this. (She’s a journalistic reporter at “The Calgary Herald”. Personally I don’t think anyone would be interested in the inner workings of PayPal or my account, but she seems to think differently. Until Now PayPal has been working with me to try and catch this person and limit the damage that is being done to the many accounts that have been compromised.

I’ve always thought reporters were a little too aggressive with stories and there was middle ground that could easily have been covered, as in this instance. PayPal is a national company that has served me well for a decade now, and I have full faith in the outcome that I have brought to their attention!

Every time I meet more people who are vegetarians, conviction or fashion. Yes for fashion since being vegetarian has become fashionable and is consistent with the trend of protecting the environment and our ecology. Arise and new business opportunities focused in that niche market may still not very large but precisely because it qualifies as a niche where there is not much competition yet and can offer new products or services. This is the case for example the website HappyCow that provides guidance to restaurants worldwide sites where you can go to lunch or eat vegetarian. This guide is combined with the sale of a series of “green” or “green” building an entire community around environmental protection and ecology. HappyCow also has an interesting application for smartphones like the iPhone, Android and Blackberry called VegOut that allows all community members interact with each reviewing and making recommendations on the best places to dine. As you can see both the website or application for mobile phones are similar to other sites HappyCow restaurant guides but has concentrated exclusively to the niche market of people dedicated to vegetarian food in order to differentiate these offers general guidelines restaurants.

I mean a blog called PeruFail just curious about issues that occur in Peru. The blog is really super fun and basically consists of photos or images or videos with interesting facts. The use of text is lower minimum items to display only pictures or videos of funny things that happen in Peru. Although PeruFail is “anchored” geographically in Peru, has been obtained in a few months more than 9 billion hits per day to your blog. PeruFail recently began publication in May 2010 in only nine months has achieved the impressive figure of visits is endorsed by the high ranking it has on Alexa.com. So you can compare, I HagaNegocios.com it took me some 2 ½ years to have those figures they have achieved in just 8 months. Another thing to highlight is the already mentioned PeruFail in the direction of the virtual absence of texts in their articles or posts when it is advisable to always have items of 250 words on average. In addition PeruFail has been engaging their readers for whatever they may send the photos which are then posted on the blog.

First, the division of labor is needed in terms of managing finances. Examples in short, who pays all the daily needs of households. Suppose you as a wife who must pay for the husband in this case must transfer sufficient funds each month to meet all financial needs of the family.

If you decide to delegate one person to pay all monthly bills then the family the important thing to consider is the honesty. Where you both must be open to one another with regard to money problems. Do not get when you use the joint account and one of you take a huge amount of funding and did not tell you pasagan. Once your partner need for a very important thing and that was available was not sufficient.

Second, the agreed expenditure is vital. You both need to agree on spending plan. This is usually related to expenses that are not fixed, for example the decision to replace with a new car after a few years? Or what you both think about with regard to vacation? In conclusion, you should discuss and agree on the need to be fulfilled, what is the common desire and what you can meet.

The last thing that becomes very important is saving money. In this vision of the future becomes very important. Where the goals that you and your partner will determine the motivation and the selection of strategies that can help you achieve your future goals owned. That way you will also see the importance of allocating funds currently and starting right now.

Thus a brief review about money in connection with the marital relationship within the family. May provide input and additional knowledge for you.