business opportunites

Effective Ways to Manage Money

There are many ways and tips on effective ways to manage money in general. Technically, all these tips talk about one thing: being able to have money when, or where needed. A lack and unfulfilled desire to acquire wealth when the call arises does not necessarily mean not being able to manage money effectively but may just be an overreach of expected events. Nevertheless, the person should be able to acquire and find ways to come up with the needed amount if ever there is a strapped budget from the unexpected event that requires to comply.

Look at The Future Goals

One of the most important and progressive values of a person to have effective ways to manage money is to have a sense of foresight. This foresight pertains to the ability of a person to know what things are most likely to happen to him in the future and be able to prepare beforehand with a substantial amount of time.

With this is the responsibility of being able to properly organize the timeline and the budget allocation of funding and financial distribution. Also, in this regard, the consideration of all other fees, bills, and payment allocations would have to be correctly identified and included in the plan.

An option of having to put an allowance or extended goal would be beneficial to the planner to allow himself to adjust and be able to cope with unexpected events with a bit more ease. In this manner, the one who manages the money can have an extra for a rainy season ahead.

Invest, Invest, Invest!

Another method to effectively manage money is to invest in progressive and productive endeavors which could be other sources of income. Instead of just allowing the savings to rest in a bank and earn a small amount of interest per year, it would be wise to allocate some of the money and other resources into a business. Of course, it may prove unproductive and detrimental, but the allowance of such funds to different paths of productivity would widen the scope in which a person could determine and discover the best way to manage and have more money to alleviate the status in society.

Investing does not only mean having to go into a business venture but also in being able to become a stockholder, no matter how small into an existing business. Being a stockholder and becoming a part owner of a running business puts a person into a profit-oriented state by having a percentage of the earnings that the said business generates. Nevertheless, the risk of losing the capital used for this investment is as significant as having a self-owned one.

The 3:3:4 Paradigm

This paradigm considers that all the other utilities and monthly bills have already been paid and the amount left is the extra money that is left available. Most people probably would not be lucky enough to have this, or if possible, just with a tiny amount. Still, no matter how small the amount is, it is a good start. The 3:3:4 paradigm means that 30% of the free money is to be saved in the bank, 30% is then used to allocate for the investments of choice, and the remaining 40% is assigned to the leisure and luxury of the household. The last aspect is essential to provide a sense of reward for the earner to clear the mind of burden and discouragement.

These aspects, when combined, are often effective ways to manage money and not be burdened of having to earn money to pay off previous debt. This would be helpful to the wage earner to look forward to an increasing pace of living rather than retroactive maintenance.

We hope this information was beneficial. You can have anything you want if you are enthusiastic about putting in the time, effort and plans to get to your goals. Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips!

In closing, we invite you to share your comments on this and or other articles. If you find the information useful, please Like & Share us and subscribe to this site for an update as we reveal new strategies. Remember to keep an open mind and Shift 4 Freedom.

Are you part of the working poor? 3 weapons are working against you.

It does not matter how much money you make a year. If you are a street sweeper or a corporate executive, you may be part of the working poor. Sometimes people get confused by looking at the media and what wealth and poverty appears to be. One of the most significant confusions come from the trappings of being wealthy. This article encourages you to be different, open your eyes and take an honest look at your life. Great things are happening around you, but it’s up to you to allow them to take place.

If you are reading this article, you are in the crossroad of a change in your life, and you may not be fully aware of it, because nothing happens by chance. This article presupposes that you have an income, and you are doing a fact check of where you are versus where you want to be.

Here are a few questions:

Do you find yourself not opening your mail or not answering your phone, because you don’t know the phone number and use the excuse that it may be a telemarketer?
Do you believe that nothing will change and the people around you agree?
Do you sometimes find, that you do not have enough money to cover your monthly responsibilities?

Fear Mindset

“Names must your fear be before banish it you can!”

Yoda (Star Wars the empire strikes back)

You must define your fears before you can do anything about them. Most people don’t believe they dwell in fear because it is the way they’ve always done it. That repetitiveness is what caused them to live in that false comfort zone, and it’s that comfort zone that keeps them away from doing anything that will broaden their horizons. The things we most fear are the things we most need to do.

You must uncover fear disguised as optimism. There is very little difference between “Oh it is hopeless, so do not bother doing anything,” vs. “Do not bother just wait; it will turn out fine anyway.” In both cases, nothing will happen, opportunity lost. Growth requires present action in all things. Action may not bring happiness. However, there is no happiness without action.

You know that often people will dress up their fears to resemble optimistic denial. Often people will choose unhappiness over uncertainty. If people don’t know what to do, they will decide to do nothing instead.

What would happen if you did the opposite of the people around you? What would you give up if you continue this track for 5, 10, or even 15 years? It leads us into the next weapon.

Your Center of Influence

Everyone has heard the statement, “Birds of a feather flock together.” Know the difference between, need vs. want and prosperity vs. wealthy.

Let us use the example of Clark Kent versus Bruce Wayne; both want a new car to impress someone. Both have a team of people around them that are like-minded, but one will probably need to get a loan to get said a new car (hopefully without a cosigner), and the other can buy the dealership.

Both Clark Kent and Bruce Wayne have a team of people around them to maintain their way of life. Even in an alter ego state as superheroes, they have a group of like-minded people around them to defeat the foes of the day.

Both Clark Kent and Bruce Wayne had strong mentors around them to guide and lead them through their informative times. When you are learning new information for growth, it is essential that you look at the top 5 people in your life and see if they meet the level of achievement that you’re striving to reach.

Now let’s look at your center of influence, are they going in the direction that you would like to go? Are they like-minded with the same dreams and goals you have? Will they need to get a cosigner for a loan, or can they buy the dealership

The stress of being different

We have explored your fears and visited the people that make up your center of influence. Now let’s deal with stress and how it’s crippling effect can hinder you from achieving your desires.

The wealthy have the same number of hours in a day as everyone else, and they must eat and drink to maintain a healthy lifestyle. But what most people do not realize that they suffer from stress just like everyone else. The only difference is that they deal with a different type of pressure. They tend to make different decisions based on various information, knowledge and drive, also what they do on their downtime. It is what keeps them wealthy.

There are two types of stress destructive and constructive. Destruct stress cripples you where constructive stress encourages you to improve yourself and be better.

Stress and fear can go hand in hand, which often time is supported by your center of influence. So, dare to take a vacation in places where you have never been. Do things that excite you. See places that you have seen inside of magazines and television. Expose yourself to new environments and meet people from different lands, beyond your neighborhood.

Do the things that excite you more often, and this will enrich your life to the fullest. Create for yourself more options and start now. Stop waiting; there will rarely be a perfect time to do what it takes to get you on the path of excitement.

Desperately Looking for Employment? Read This Job Advice!

Many people find the job search process to be frustrating. There are lots of things you can do to help you find the job you need and get hired more quickly. The tips in this article can help you reduce your anxiety and find that job. Read on.

Do your best to maintain eye contact during your job interview with the interviewer. Do not try to stare them down, but keep eye contact as much as possible. It shows the interviewer that you are paying attention and that you show interest in what they have to say. Practice with a friend before your interview and keep eye contact in mind.

Spread the word among all your friends and family that you are looking for a job, many companies value employee referrals highly, so ask your acquaintances if they know of any potential job openings that you might be a candidate. Many people will be glad to help if they can!

When answering questions on an interview, stay as direct and concise as possible. The interviewer will know if you do not understand something so try not to beat around the bush. Clear answers will show that you know what you are talking about and not making up answers on the spot.

Always make sure that the job that you are applying for is feasible from a location perspective. Often, you may want to take the first post that is available to you, but you do not want to drive 100 miles to get to and from your job each day.

Remember that when you are at a job interview that you need to keep everything you say positive. Never speak poorly of previous employers. It never reflects badly on your last employer; it only reflects poorly on you. If you do not have something useful to say, then try to switch the subject.

Showcase your writing skills and creative abilities with a comprehensive, exciting portfolio. Even if you are not pursuing a career in writing or marketing, communication skills are critical in any profession. Your collection should include a variety of written documents, such as press releases, business reports, research findings, and executive summaries. These demonstrate that you can communicate with others in a professional environment and formal context.

Make a name for yourself! In a job market leading qualified candidate, self-branding goes a long way in helping you to stand out from the crowd. Self-promotion and developing your brand are not a matter of ego. Instead, it is an opportunity to showcase your best ideas, initiative, and creativity. Never exaggerate or falsify your best attributes, but do not be afraid to set your modesty aside.

Now that you’ve read this article, you should have much more of a handle on how to find a job. Practice the tips you just read until you feel confident about them. You are sure to wow interviewers and land the job of your dreams if you follow our advice.

In closing, we invite you to share your comments on this and our other posts. If you find the information useful, please Like & Share us and subscribe to this channel for an update as we reveal new strategies. Remember to keep an open mind and Shift 4 Freedom.

Invest in Property to Secure Your Retirement

Have you considered property investment to secure your retirement’s financial future? There are many great ways that you can let real estate build a nice little nest egg for your retirement, and the sooner you begin the process, the better.

While there are all kinds of stocks and mutual funds that confuse even the most intelligent among us, real estate is a straightforward business. The problem is that many people feel it is too risky. The truth is that there are many different types of real estate investing that all carry different risk to the buyer. One thing is for sure, and that is that with proper care and attention properties tend to gain value over time rather than lose value. If you purchase properties today and adequately maintain them, you can not only reap years of rental income while paying the mortgage on these properties, but you can also find your retirement home and pay today’s prices for it rather than the rates of tomorrow.

When it comes to real estate, it is always good to arm yourself with knowledge before taking any steps, and you should carefully discuss all plans for your financial future with your trusted financial planner or advisor. His or her job is to guide you when making plans and purchases that will affect your financial stability and security. They can also help you with the matters of taxation, cost analysis, estimated inflation, and the average rise in property value for an area.

As mentioned, before there are always risks when it comes to any investing. The same holds for real estate investing. Things can go wrong. On occasion, you will find lemon properties; for this reason, you need to have a complete and thorough inspection performed before you purchase the property. You should also make sure that you are aware of your state and local laws as they apply to landlords. For this reason, it is a good idea to consult with an attorney that specializes in financial investment in addition to your financial advisor.

Rental properties aren’t the only way to build a property investment portfolio. There are all kinds of property investment opportunities for those that are willing to take the risk. When it comes to property investing, the more significant risks often net the greater potential rewards. The thing you must remember is that you are gambling with your financial future. I tend to stick with rental properties as they are a safe bet and pay for themselves over the years while building a nice nest egg for my future.

There is the eternally fascinating investment opportunity that property flipping presents for one. When flipping a property, you purchase a property below market value—preferably one that requires minor cosmetic repairs. Make the repairs. Then sell the house for a substantial profit. It is a risky venture for those who are novices to the field, and many would be investors have lost a great deal of money doing this. Successful investors, however, can net significant profits in a short amount of time if they have the knowledge and skills to do the work themselves and time things correctly.

There are even more property investment opportunities that provide even higher risk, as they are highly speculative known as pre-construction investing. It is the investment that creates millionaires. On the flip side, it has sent many into bankruptcy along the way as well so tread very carefully before engaging in this sort of real estate investing and take great care never to spend more than you can afford to lose.

As you can see, there are ample opportunities in real estate to create an outstanding financial retirement plan for you and your family. You only need to decide whether property investment is the right thing for you.

Business Opportunities Versus Employment: Which Is Right for You?

When it comes to making a living, there are two options: being in business for yourself or being employed by a company or an individual. Of these two options, there is considerable latitude in what is considered being in business for yourself, especially if you take advantage of business opportunities. Some business opportunities so closely mirror employment, that many people mistakenly believe them ‘jobs.’ But business opportunities are not in this category. To understand the difference, read on as this article will explain in detail how things work with business opportunities versus regular employment.

Firstly, most business opportunities will require a person to fill out 1099 versus a W-2, which is the tax form used for regular employment by companies. Both types will alert the IRS that you need to pay your taxes, but 1099 does not allow for deductions as a W-2 does. When you use 1099, you must pay for your taxes on your own. It is one of the significant disadvantages of working with business opportunities, especially if you make a lot of money. To try to avoid problems, make sure you keep a close record of all your business transactions. Also set aside 35 percent of your salary for taxes. You can put this in a savings account so you can accumulate interest. Hopefully, you will have enough write-offs that you’ll be able to pocket your savings once tax time comes.

Secondly, most business opportunities do not offer ‘guaranteed’ 9-to-5 employment, as most hire you as an independent contractor. It is the case whether you are working business opportunities at home or in an office. If you must fill out 1099, you are in business for yourself. Anyway, some business opportunities offer such a steady stream of work that you not being hired as an hourly employee is not a problem. However, many others have jobs now and then. In these cases, you will want to try several sets of business opportunities, so you can always have a steady stream of work to support yourself.

Lastly, business opportunities tend not to offer health insurance. Granted, nowadays many ‘regular’ employers also won’t offer health insurance but being able to get some form of health insurance seems to be more typical with full-time jobs. With most business opportunities, you will not get health insurance no matter how many hours you work. However, there are exceptions, but they are quite expensive exceptions. In these situations, all that has happened is that the company offering the business opportunity has struck up a ‘deal’ with an insurance company. You are still paying as if you had signed up for the insurance yourself without the aid of a company.

In conclusion, the main differences between business opportunities and regular employment are found in the areas of taxes, work structure, and health insurance. Indeed, these differences may make some conclude business opportunities are not for them. For others, it may not matter as much because the freedom offered through business opportunities outweigh the disadvantages.