Most of us do not pay much attention to our retirement life when we are stuck with a 9 to 5 job. But the uncertainty and the absence of a paycheck revolving around the retirement age should be adequately planned and executed during the working phase.
The situation has worsened due to the ensuing financial meltdown and market crashes which wiped away millions of dollars of wealth. The dream of various individuals to fully live up their non-working years has not materialized. Therefore it is essential to think outside the traditional 401(k) and IRA paradigm and make simple and basic changes in your lifestyle to reap the benefits of a solid income during your retirement phase.
Save the Right Way
Individuals often have this habit of extracting sums from their retirement-saving account to meet living expenses and other personal needs. It should be noted that your savings should exclusively belong to your retirement age and exhausting retirement funds immaturely is not advisable.
Real-Estate is an Investment Heaven
One cannot enjoy a reliable source of income through cutting down expenses and properly saving. Rather you need to focus on smart ways of investing, and real estate is a brilliant solution. Investing in real estate requires a deeper understanding of the real estate market and the overall economic conditions.
Moreover you should incorporate and accept the additional responsibilities of becoming a landlord and the pertinent maintenance costs. You should keep an open eye on declining prices, and analyze whether the prices will go down further after investing. Surveying better rent prospects is also advisable. You should not limit your investment in your hometown; rather look for bargain deals across the nation.
Invest in Funds
Most individuals invest due to the “herding” phenomenon or simply speculation. But with retirement income in perspective, you should invest as an “owner”. By investing as an owner, you are focusing on long-terms results, and not just quick and short-term needs. Acquiring the professional help of financial planners is also advisable.
Mutual funds are the craze these days, and they are proven to be a reliable source of income due to their diversification attribute. Reiterate the type of companies included in the fund. Try to manage a decent proportion of “Value” stocks and “Growth” shares. Value shares are deemed to provide you with dividends, while growth stocks ensure future capital gains.
Debt: No Way
Whether it is mortgage payments or interest payments on credit cards, debt is not recommended for generating income in retirement age. Find innovative ways of reducing debt, such as prepayments on mortgage or restricting your shopping spree on credit cards.
Find Reliable Sources of Online Income
Google has shaped and revolutionized our lives. A combination of blogging and Ad-sense can provide you with a hefty monthly paycheck. Sharing your individualistic ideas online can be fun as well as a reliable source of income.
It does not matter which mode of income you choose, the essential point is to initiate these processes while you are still busy in a 9 to 5 job, so that you can generate income in your retirement age.
About the Author :
Allan has been writing on retirmenent and smsf. He loves blogging and sharing his opinions online.
Showing posts with label personal finance. Show all posts
Showing posts with label personal finance. Show all posts
Tuesday, March 20, 2012
Thursday, November 11, 2010
Money Saving Advice for the Working Man
Saving money is not as easy as it sounds. If a person wants to save money, the single most important money saving advice one can give a working man is to save for retirement. Statistics show that more than 70% of employees today have not saved enough to cover their retirement.
Only 15% will even have enough to qualify for retirement benefits as mandated by the Law. Saving money for a rainy day is an adage said and heard hundreds of times but never seems to be a possibility for many. Even with an extra job, many folks still don’t make enough money to save.
In the end, many workers end up working past retirement age in order to survive or end up in the streets. The single most important goal for every working man therefore, should be to save for retirement. This must be started at the earliest possible time.
To save money, it is important to work at making extra money. However, working at making more money is not the key. The key to making extra money is to work at cutting down on spending. Only by reducing expenses can one make that extra money to save away.
Working at reducing expenses could mean sacrificing some weekend splurges, hand-washing the clothes and doing the dish-washing in the sink. It could also mean using half the amount of toothpaste used every time, lowering the temperature in the water heater and furnace, and taking long walks in the park instead of long weekend drives.
Compute how much is spent on a weekend night out and compute how much money could be saved in the bank if you deposited some of that instead. Let us say that instead of spending $50 on a Friday night and another $50 on a Saturday night, one went out only once a week and deposited $50 in the bank instead.
That would easily amount to $200 a month. By depositing $200 a month for the next 40 years until retirement, a person will have saved a total of over $185,000 at a 3% interest rate compounded annually. That’s an extra $1000 a month for the next 18 years or so.
And that is based solely on saving on weekend binges. If one lived a sensibly frugal life and put away $400 a month, simply doubling the earlier figure will compute to $370,000. Not bad for a nest egg. The idea is not to save money for the short term – to buy a car or house, but to save enough for retirement.
There are several reasons for this. One is that saving money for the short term means wanting to save a lot at the shortest possible time and then dipping into the savings every now and then. Another is that there are also many ways to buy a car or house, but only one way to save for retirement. For instance, the company could give an employee a car plan or a housing plan.
A retirement plan on the other hand, means saving for it. A short term goal also negates the advantage that one gets out of bank interest rates. Therefore a short term goal is not one must strive for in saving money. Work at saving money for retirement – that is the most sensible money saving advice a working man will ever get.
You can use all these strategies to save money, reduce debt and improve your life but it will not last unless you have a system automatically set up to continually work without your input. Get Dan Cavalli’s FREE money saving secrets set on auto pilot at: www.the-richest-man-in-
Thursday, July 22, 2010
How Much Worth is Our US Presidents?
Have you ever wondered how much George Washington was worth of? Or how much is President Obama worth of? I know it might sound funny and weird to you but the fact is there was a time when the real worth of these people was estimated by the National Survey of America. This post might help the young readers as it will motivate them to do something great in life.
It is of no help in the financial endeavor of people who have already settled their financial life well. In the articles by the National Survey of America, they presented the entire list of the presidents starting from George Washington to Obama with their net worth figures. Not only this they also mentioned how they actually built this net worth amount.
I could not resist myself in copy pasting the list. I really apologize guys. I know its your hard work but I want my readers to go through that list too :)
Obviously it was not possible for me to paste all the 43 president's name here but I at least mentioned the names of those whom I personally liked and who became the president for some reason or the other. And please after seeing the list do not start commenting on the figures. These figures are the approximate values which were calculated. This is how it was calculated.
please note that they have calculated the figures keep in mind the dollar value in 2010.
Famous Presidents & Their Net Worths:
| President (#) | Net Worth | |
| George Washington (1st) John Adams (2nd) Thomas Jefferson (3rd) Abraham Lincoln (16th) Ulysses Simpson Grant (18th) Theodore Roosevelt (26th) John Fitzgerald Kennedy (35th) Lyndon Baines Johnson (36th) Richard Milhous Nixon (37th) William Jefferson Clinton (42nd) George W. Bush (43rd) Barack Hussein Obama (44th) | $525 million $19 million $212 million $1 Million $1 Million $125 million $1 billion $98 Million $15 million $38 million $20 million $5 million |
Friday, July 16, 2010
Finally I decided to Buy a New Laptop for Me
I am very excited as I got a very good deal on a very new to me laptop earlier this week. My previous desktop, an HP Compaq had a core 2 Duo chip with all old specifications. It was running all fine since last month when a drop of coffee lead to its death completely after repeated opening and closing over a period of one month.
I was happy to have my previous computer as well. The time when I bought that from the HP outlet, it had all the latest specifications. It cost me around $500. When I purchased that I was firm on purchasing a laptop in a year or two. And so here I am with all new Dell Studio XPS 1645 notebook which cost me around $950. My earlier computer had 4 GB of memory space and this laptop gives me around 8 GB of memory space. Wooooohh!!!
You must be wondering why my eye was on this particular notebook. Here are the few reasons for this:
1.) Screen : Earlier I had a screen with 1440x990 resolution which I have changed to 1920x1080 resolution on a 15.6 inches screen. It was expensive but I thought that laptops are not purchased everyday, so its better to have the best from the rest. The best part of the screen is that you can easily squeeze it into more pixels any time you want.
2.) Processor : I went to the shop keeper and he told me they have Intel Quad-Core i7-720 QM available. He spoke that too fast though. Since I am not a tech savvy so I asked him to give me the best processor they had. So he gave me the processor with the bench mark speed of 3235 which my earlier PC had 1113.
3.) Memory : My new notebook comes with a 8 GB memory space. I Know thats not a huge upgrade from the earlier which was 4 GB. Since I will be using 64 bit version of windows 7 so I guess 8 GB of memory space will be the best improvement.
4.) Hard Drive : It is better to have a fast hard drive than having a large hard drive. My new hard drive spins at approx 7200RPM. I guess the 320 GB is more than enough to hold my basic business applications.
5.) Operating System : No doubt i will be moving to Windows 7 because I dint like windows Vista so much. It is much complicated than windows 7.
6.) Battery : For batter I got a very good offer. When i went to the shop they were having some discount season on batteries. S0, I opted for a 9 cell battery. It means that I am getting 35% extra battery usage from the normal 6 cell batteries.
I consulted few people before purchasing this. I had a discussion with different shop keepers about this and its price. Finally it cost me all in total around 950 USD.
I was happy to have my previous computer as well. The time when I bought that from the HP outlet, it had all the latest specifications. It cost me around $500. When I purchased that I was firm on purchasing a laptop in a year or two. And so here I am with all new Dell Studio XPS 1645 notebook which cost me around $950. My earlier computer had 4 GB of memory space and this laptop gives me around 8 GB of memory space. Wooooohh!!!
You must be wondering why my eye was on this particular notebook. Here are the few reasons for this:
1.) Screen : Earlier I had a screen with 1440x990 resolution which I have changed to 1920x1080 resolution on a 15.6 inches screen. It was expensive but I thought that laptops are not purchased everyday, so its better to have the best from the rest. The best part of the screen is that you can easily squeeze it into more pixels any time you want.
2.) Processor : I went to the shop keeper and he told me they have Intel Quad-Core i7-720 QM available. He spoke that too fast though. Since I am not a tech savvy so I asked him to give me the best processor they had. So he gave me the processor with the bench mark speed of 3235 which my earlier PC had 1113.
3.) Memory : My new notebook comes with a 8 GB memory space. I Know thats not a huge upgrade from the earlier which was 4 GB. Since I will be using 64 bit version of windows 7 so I guess 8 GB of memory space will be the best improvement.
4.) Hard Drive : It is better to have a fast hard drive than having a large hard drive. My new hard drive spins at approx 7200RPM. I guess the 320 GB is more than enough to hold my basic business applications.
5.) Operating System : No doubt i will be moving to Windows 7 because I dint like windows Vista so much. It is much complicated than windows 7.
6.) Battery : For batter I got a very good offer. When i went to the shop they were having some discount season on batteries. S0, I opted for a 9 cell battery. It means that I am getting 35% extra battery usage from the normal 6 cell batteries.
I consulted few people before purchasing this. I had a discussion with different shop keepers about this and its price. Finally it cost me all in total around 950 USD.
Friday, May 7, 2010
Be Your Own Marketing Mentor
Whenever it comes to marketing, most of the time we remember that person who taught us a new way of thinking with regard to marketing and terms related to it. It might be anyone from the author of the book, a speaker at an industry seminar, or maybe any relative business show. With all the entrepreneurial enthusiasm I found out 10 most successful business men and women quotes related to marketing and its related industry. So, I just thought of sharing the list with all of you.
1.) Jeff Widman (Marketing Mentor : Seth Godin)
Be the first to sell the experience and relationship and not just the widget of the space. Widgets are sold by second place company whose only aim is to gain market share to compete on prices.
2.) Everett Reiss (Marketing Mentor : Jim Kukral)
Always develop a content that solve queries of your target audience's problem. No matter its perfect or not but it should be very relevant and helpful for them.
3.) Armelle Cloche (Marketing Mentor : Jay Abraham)
There are only 3 ways of increasing business profits : increase the number of clients, number of sales per client and number of times client returns and buy again.
4.) Ciara Pressler (Marketing Mentor : Jack Trout)
Differentiation should be the key. There should always be a competition so that you can perform better every day. They have to identify and promote things which make their products worth buying.
5.) Lora Carr (Marketing Mentor : Sarah Petty)
No need to leave co-marketing alone. With other boutique business it makes more sense
6.) Claudia Copquin (Marketing Mentor : Jim Mc Cann)
Never be afraid of asking any question. With no marketing budget also you can come out as a large company.
7.) Jason Cannon (Marketing Mentor : Sarah Petty)
If you have a strong product, are passionate at what you do, you love people and your community, then you will definitely enjoy your job from all the prospects.
8.) Adam Kleinberg (Marketing Mentor : Brook Lundy)
Only great creative ideas matters and can survive.
9.) Sean Horrigan (Marketing Mentor : David Meerman Scott)
Always believe what you publish. Each and every business has got its own information that can now or later can contribute to the huge market place.
10.) David Langton (Marketing Mentor : My Mother)
You have to give time to your target audience. Understand their requirements first. If you can understand things from their point of view you can surely market the ideas yourself.
1.) Jeff Widman (Marketing Mentor : Seth Godin)
Be the first to sell the experience and relationship and not just the widget of the space. Widgets are sold by second place company whose only aim is to gain market share to compete on prices.
2.) Everett Reiss (Marketing Mentor : Jim Kukral)
Always develop a content that solve queries of your target audience's problem. No matter its perfect or not but it should be very relevant and helpful for them.
3.) Armelle Cloche (Marketing Mentor : Jay Abraham)
There are only 3 ways of increasing business profits : increase the number of clients, number of sales per client and number of times client returns and buy again.
4.) Ciara Pressler (Marketing Mentor : Jack Trout)
Differentiation should be the key. There should always be a competition so that you can perform better every day. They have to identify and promote things which make their products worth buying.
5.) Lora Carr (Marketing Mentor : Sarah Petty)
No need to leave co-marketing alone. With other boutique business it makes more sense
6.) Claudia Copquin (Marketing Mentor : Jim Mc Cann)
Never be afraid of asking any question. With no marketing budget also you can come out as a large company.
7.) Jason Cannon (Marketing Mentor : Sarah Petty)
If you have a strong product, are passionate at what you do, you love people and your community, then you will definitely enjoy your job from all the prospects.
8.) Adam Kleinberg (Marketing Mentor : Brook Lundy)
Only great creative ideas matters and can survive.
9.) Sean Horrigan (Marketing Mentor : David Meerman Scott)
Always believe what you publish. Each and every business has got its own information that can now or later can contribute to the huge market place.
10.) David Langton (Marketing Mentor : My Mother)
You have to give time to your target audience. Understand their requirements first. If you can understand things from their point of view you can surely market the ideas yourself.
Yes, You Conquered Your College and Now Time to Conquer your Finances
Anyone will feel very happy and excited after conquering the college but more important than conquering the college is having a win over your personal finances. You should follow these easy to digest to do things to make it possible after you graduate.
Make sure You have a Convenient Checking Account
Having a checking account is no big deal. But make sure it is convenient enough. Always keep in mind that the checking account should be of a bank with ATM in the city you are residing. This is important so that you can anytime deposit your paychecks and also withdraw money whenever you wish to.
Have a Good Knowledge of your Credit
You have to make sure that your credit history is good enough to have a good credit report. This will indicate how responsible you are when it comes to paying off the bills. Your credit report and score often determines your ability to get any type of loan in future.
Get A Credit Card on Your Name
It will help you in having a good credit history so that you can easily get loan on big purchases like for a house or a car. It will also help in establishing your credibility big time.
Understand your Salary well
It is for sure that not all your earnings of the salary will go in your wallet. There might be a possibility of going some in your taxes, into your saving accounts, you can put some into your retirement account too. So keep a track on how much money you are spending each month.
Prepare a Budget
Preparing a budget is no big deal but sticking to it, is really difficult. There are many people who follow their budget well and that keeps them in discipline of money control. Take help of any budget calculator if possible.
Understand the importance of Savings Account
In case of any financial pothole, the savings account will act as a savior for you and your family. There might be a possibility that you lose your job, so in these times your savings will help you. Make sure you save money that can cover your at least eight months living cost. So as soon as you get your first salary open a savings account.
Understand the value of Retirement Savings
Maybe today you are full of energy and can work ten hours everyday, but the time will come when you will grow old and at time you will need to enjoy the fruits of your hard work. Different types of retirement accounts include 401(K), Roth IRA, Traditional IRA.
Get A Health Insurance done as soon as possible
If you are not taking proper care of your health while working then you are risking yours as well as your families life. Who knows if you fall ill, you need to pay a hefty bill on for your illness. So it is advisable that have a good health Insurance policy as soon as possible.
Get hold of Your Taxes
Seriously having a grip on your taxes well can save you loads and loads of money. Always keep in mind that April 15th is considered as the Tax day. For tax return you need to file these forms : forms 1040EZ, 1040A and 1040.
Pay off your Bills on Time
1st things first. Go to the nearby bank and open your credit card statement and bills account. Make sure that your billing statement is 100% correct. Never pay on something you didn't buy. Cross check your statement more than once.
Follow these quick steps and I am sure like the way you conquered your college, you will also win over your personal finances as soon as possible.
Make sure You have a Convenient Checking Account
Having a checking account is no big deal. But make sure it is convenient enough. Always keep in mind that the checking account should be of a bank with ATM in the city you are residing. This is important so that you can anytime deposit your paychecks and also withdraw money whenever you wish to.
Have a Good Knowledge of your Credit
You have to make sure that your credit history is good enough to have a good credit report. This will indicate how responsible you are when it comes to paying off the bills. Your credit report and score often determines your ability to get any type of loan in future.
Get A Credit Card on Your Name
It will help you in having a good credit history so that you can easily get loan on big purchases like for a house or a car. It will also help in establishing your credibility big time.
Understand your Salary well
It is for sure that not all your earnings of the salary will go in your wallet. There might be a possibility of going some in your taxes, into your saving accounts, you can put some into your retirement account too. So keep a track on how much money you are spending each month.
Prepare a Budget
Preparing a budget is no big deal but sticking to it, is really difficult. There are many people who follow their budget well and that keeps them in discipline of money control. Take help of any budget calculator if possible.
Understand the importance of Savings Account
In case of any financial pothole, the savings account will act as a savior for you and your family. There might be a possibility that you lose your job, so in these times your savings will help you. Make sure you save money that can cover your at least eight months living cost. So as soon as you get your first salary open a savings account.
Understand the value of Retirement Savings
Maybe today you are full of energy and can work ten hours everyday, but the time will come when you will grow old and at time you will need to enjoy the fruits of your hard work. Different types of retirement accounts include 401(K), Roth IRA, Traditional IRA.
Get A Health Insurance done as soon as possible
If you are not taking proper care of your health while working then you are risking yours as well as your families life. Who knows if you fall ill, you need to pay a hefty bill on for your illness. So it is advisable that have a good health Insurance policy as soon as possible.
Get hold of Your Taxes
Seriously having a grip on your taxes well can save you loads and loads of money. Always keep in mind that April 15th is considered as the Tax day. For tax return you need to file these forms : forms 1040EZ, 1040A and 1040.
Pay off your Bills on Time
1st things first. Go to the nearby bank and open your credit card statement and bills account. Make sure that your billing statement is 100% correct. Never pay on something you didn't buy. Cross check your statement more than once.
Follow these quick steps and I am sure like the way you conquered your college, you will also win over your personal finances as soon as possible.
Thursday, February 4, 2010
Romance on a Budget
With Valentines Day just round the corner its once again time for a pleasant surprise for your beloved. Valentine's day is a symbol of love, cupids, roses and of course hearts. Several days before the love holiday begins, the stores are lined up with an assortment of expensive gifts for your partners. As the day approaches, you may find the your thoughts have begun to turn to finding the best gift for your partner, for that special someone in your life.
Expensive gifts often proves to your loved ones that how much you love them, but they will also make a pretty hefty dent in your wallet. So what can a frugal minded person plan for the valentines day? Giving an expensive gift always will not help your love boost, but giving something special to your loved ones will definitely arouse that feeling of love in them.
Let me share some of my ideas with all of you on what you should gift him or her on this day of love and romance.
Some cheap Valentine's gifts for her
No doubt girls love flowers, chocolates, soft toys and also sweet things whispered into their ears. I have seen many of you gift your partner traditional fourteen roses in a bunch on valentines day. Rather what you can do is gift her one rose everyday starting from 1st February to 14th February. The best thing is one rose per day will be less expensive for you. The prices of the flowers are inflated on the V-day.
I agree that women love roses but roses now days have become very boring and moreover the prices of roses are extremely high on v-day. Now you will think of giving carnations to her instead of roses. Please do not do that. Carnations are cheap alternatives to roses. A bouquet of daisies is a better choice.
Time is the best gift you can give to your partner. Women love spending time with their partners. I would advice you not to waste your money on restaurant bills, rather spend the day in opting something she loves.
If you really want to surprise her then learn cooking a month before v-day and prepare the dish she loves. Trust me cooking is a very seductive way of celebrating this love day.
If she loves reading, then spend sometime with her in any book store, buy her the most recent novel. Pamper her with some sandwiches and coffee as she enjoys a good read.
If your partner is a sports freak, then spend sometime in afternoon teaching her favorite sport, maybe watching some games with her or maybe take her out for a live match.
Some cheap Valentine's gifts for him
A women should not gather information from various means of media and decide the gift for his partner. Rather she should create a gift which she thinks will be unique for his man.
If your partner loves sports, then you should give him a treat by surprising him with chilled beer and nachos and by watching with him a non-interrupted game of his choice.
If you guy is an Art lover, then surprise him by taking him to a candle light dinner and visit a local art exhibition with him. If you want you can buy him a painting which is usually at a lower cost.
If he is into music, then download all his favorite songs and gift him a CD. Both of you can enjoy a perfect dinner with a perfect music of his choice and then a perfect long drive. Keep a few dollars with yourself aside so that you can buy him a CD pack of his favorite band.
If he loves photography then take him out to the country side for the best photograph sessions.
Love an be expressed in many ways. Gifts can be many but the only special gift which you can give him or her is togetherness. That is an ultimate gift for your partner and that is the ultimate deceleration of your love on Valentine's day.
Expensive gifts often proves to your loved ones that how much you love them, but they will also make a pretty hefty dent in your wallet. So what can a frugal minded person plan for the valentines day? Giving an expensive gift always will not help your love boost, but giving something special to your loved ones will definitely arouse that feeling of love in them.
Let me share some of my ideas with all of you on what you should gift him or her on this day of love and romance.
Some cheap Valentine's gifts for her
No doubt girls love flowers, chocolates, soft toys and also sweet things whispered into their ears. I have seen many of you gift your partner traditional fourteen roses in a bunch on valentines day. Rather what you can do is gift her one rose everyday starting from 1st February to 14th February. The best thing is one rose per day will be less expensive for you. The prices of the flowers are inflated on the V-day.
I agree that women love roses but roses now days have become very boring and moreover the prices of roses are extremely high on v-day. Now you will think of giving carnations to her instead of roses. Please do not do that. Carnations are cheap alternatives to roses. A bouquet of daisies is a better choice.
Time is the best gift you can give to your partner. Women love spending time with their partners. I would advice you not to waste your money on restaurant bills, rather spend the day in opting something she loves.
If you really want to surprise her then learn cooking a month before v-day and prepare the dish she loves. Trust me cooking is a very seductive way of celebrating this love day.
If she loves reading, then spend sometime with her in any book store, buy her the most recent novel. Pamper her with some sandwiches and coffee as she enjoys a good read.
If your partner is a sports freak, then spend sometime in afternoon teaching her favorite sport, maybe watching some games with her or maybe take her out for a live match.
Some cheap Valentine's gifts for him
A women should not gather information from various means of media and decide the gift for his partner. Rather she should create a gift which she thinks will be unique for his man.
If your partner loves sports, then you should give him a treat by surprising him with chilled beer and nachos and by watching with him a non-interrupted game of his choice.
If you guy is an Art lover, then surprise him by taking him to a candle light dinner and visit a local art exhibition with him. If you want you can buy him a painting which is usually at a lower cost.
If he is into music, then download all his favorite songs and gift him a CD. Both of you can enjoy a perfect dinner with a perfect music of his choice and then a perfect long drive. Keep a few dollars with yourself aside so that you can buy him a CD pack of his favorite band.
If he loves photography then take him out to the country side for the best photograph sessions.
Love an be expressed in many ways. Gifts can be many but the only special gift which you can give him or her is togetherness. That is an ultimate gift for your partner and that is the ultimate deceleration of your love on Valentine's day.
Saturday, November 7, 2009
I seriously hate when people ask me about my Salary
I don't understand why people keep on asking me about my salary. Are we helping each other with any monetary transactions? Are we best friends? Are we relatives? If not then trust me it is really pissing me off. I wish I could have said this straight on the face, but unfortunately I cant. But trust I am happy in my own way.
I am always ready for open discussions related to finances but how can someone ask anyone about their salary.
It may sound a little weird from someone who keeps on writing articles on finances, but I really feel not to disclose few of my personal things like passwords and salary. The trust factor plays a very important role here. I can discuss this with my wife (I am single as of yet) but not with my friends, not even with close ones. I simply cannot trust them.
If someone comes and ask me about anything, I always welcome them. I can give them my opinion 100 % because I dont care whether you implement my suggestion or not. Maybe I do not the answer but I will definitely participate in the conversation. There are certain appropriate and inappropriate time to ask about the salary for anyone. And that is why I decided to write this post and let everyone know my preferences of when you should ask me and when you should not ask me about my salary?
Let me first discuss the Appropriate times:
1.) Human Resources: If you are my boss or my CEO, I would definitely tell you my salary figures without even hesitating (although you must be knowing it!)
2.) At Job Interviews: Please ask away! You have full authorities to do that and I have got no option that time. I have to tell you the exact figures.
3.) To my financial Adviser/consultant/Accountant: I guess he/she should know this, then only they can manage my finances well. You should never hide your finances from your accountant.
4.) when I am with my wife: She should know what I am spending on and where? Right? I guess she has full rights to do that. Always share your financial background with your to be so that there is no confusion later on.
5.) I asked you first situation: I am always open to tell you when the situation is like I have asked you about the salary first. You answer me about your figures and I will do the same.
I guess these points are more than enough when I am OK to share my salary. These are just my opinions, maybe others are not satisfied with my points (As if I care).
Now for some inappropriate times when please don't even dare to ask:
1.) When we are not talking about any monetary transactions: Why shall I even tell you about my salary when we are busy discussing about the baseball match?
2.) When I don't even know the person: It might happen that someone stands in front of your face stands up and ask you. Whats your payroll buddy? What crazy, cmon mind your own business dude.
3.) when talking with co-employees: keeping the bosses and HR aside, there are number of people who will interested in knowing about your salary and especially those who are sitting beside you.
4.) when you are traveling in a metro, train or anywhere there are hundreds of people around: I am comfortable in sharing with you but not with those hundred eyes balls staring at you. I am not at all ready for this.
I guess there is a wrong and right way to ask and also how much one can ask. If you know these points I am sure you can understand when the person is interested in answering you and when he is not.
I am always ready for open discussions related to finances but how can someone ask anyone about their salary.
It may sound a little weird from someone who keeps on writing articles on finances, but I really feel not to disclose few of my personal things like passwords and salary. The trust factor plays a very important role here. I can discuss this with my wife (I am single as of yet) but not with my friends, not even with close ones. I simply cannot trust them.
If someone comes and ask me about anything, I always welcome them. I can give them my opinion 100 % because I dont care whether you implement my suggestion or not. Maybe I do not the answer but I will definitely participate in the conversation. There are certain appropriate and inappropriate time to ask about the salary for anyone. And that is why I decided to write this post and let everyone know my preferences of when you should ask me and when you should not ask me about my salary?
Let me first discuss the Appropriate times:
1.) Human Resources: If you are my boss or my CEO, I would definitely tell you my salary figures without even hesitating (although you must be knowing it!)
2.) At Job Interviews: Please ask away! You have full authorities to do that and I have got no option that time. I have to tell you the exact figures.
3.) To my financial Adviser/consultant/Accountant: I guess he/she should know this, then only they can manage my finances well. You should never hide your finances from your accountant.
4.) when I am with my wife: She should know what I am spending on and where? Right? I guess she has full rights to do that. Always share your financial background with your to be so that there is no confusion later on.
5.) I asked you first situation: I am always open to tell you when the situation is like I have asked you about the salary first. You answer me about your figures and I will do the same.
I guess these points are more than enough when I am OK to share my salary. These are just my opinions, maybe others are not satisfied with my points (As if I care).
Now for some inappropriate times when please don't even dare to ask:
1.) When we are not talking about any monetary transactions: Why shall I even tell you about my salary when we are busy discussing about the baseball match?
2.) When I don't even know the person: It might happen that someone stands in front of your face stands up and ask you. Whats your payroll buddy? What crazy, cmon mind your own business dude.
3.) when talking with co-employees: keeping the bosses and HR aside, there are number of people who will interested in knowing about your salary and especially those who are sitting beside you.
4.) when you are traveling in a metro, train or anywhere there are hundreds of people around: I am comfortable in sharing with you but not with those hundred eyes balls staring at you. I am not at all ready for this.
I guess there is a wrong and right way to ask and also how much one can ask. If you know these points I am sure you can understand when the person is interested in answering you and when he is not.
Thursday, July 9, 2009
10 Minutes, 10 Months, 10 Years
Whenever you need to make a tough and quick decision, what you require is loads of guts. Have you ever thought of checking your reactions before applying for such guts. When we make a tough decision how can we so sure that we are making the right decision.
I just completed reading this book called "10-10-10" by Suzy Welch in which she has offered some simple formulas called 10-10-10 which encourages value based decision making in short, mid and long term. I really liked the book and so I decided to write a review on it.
The best part of the book is that the author has asked each of her readers to ask three questions with each decisions. What will be the consequences of my decisions ??
Natalie, mother of two sons, was her on way to the funeral when she received two text messages. The eldest sons wrote that his ride from home soccer had fallen and other one from her husband who wrote that he wont be able to take the younger son to the doctor because he is busy.
Her gut feeling immediately asked her to skip the funeral. Now in ten minutes she had to chose between any of the two, either take her younger son to the doctor or buy a new ride for her elder son. In ten months, she would have missed the chance to meet so many relatives and in ten years she should teach her sons to be responsible enough. So, attending the funeral was her right decision.
I must say that this 10-10-10 process will definitely help me in the long run to make the correct decisions. It will give time to think about what is more important to me even when I have to make immediate decisions. It is surely " A Life-Transforming Idea "
let me know if you start following the 10-10-10 process.
I just completed reading this book called "10-10-10" by Suzy Welch in which she has offered some simple formulas called 10-10-10 which encourages value based decision making in short, mid and long term. I really liked the book and so I decided to write a review on it.
The best part of the book is that the author has asked each of her readers to ask three questions with each decisions. What will be the consequences of my decisions ??
- in the next ten minutes
- in the next ten days
- in the next ten years
Natalie, mother of two sons, was her on way to the funeral when she received two text messages. The eldest sons wrote that his ride from home soccer had fallen and other one from her husband who wrote that he wont be able to take the younger son to the doctor because he is busy.
Her gut feeling immediately asked her to skip the funeral. Now in ten minutes she had to chose between any of the two, either take her younger son to the doctor or buy a new ride for her elder son. In ten months, she would have missed the chance to meet so many relatives and in ten years she should teach her sons to be responsible enough. So, attending the funeral was her right decision.
I must say that this 10-10-10 process will definitely help me in the long run to make the correct decisions. It will give time to think about what is more important to me even when I have to make immediate decisions. It is surely " A Life-Transforming Idea "
let me know if you start following the 10-10-10 process.
Saturday, June 20, 2009
Started Talking about Personal Finances on Twitter
I love chatting on twitter and that is the reason I spend most of my time these twittering about some topic or the other. The best part is that I come to meet many unusual people there and knows about their views on different topics. I met one guy yesterday night who inspired me to talk about "Personal Finances" on Twitter. That is the reason I have decided that I will tweet about finance and money atleast once a week.
In fact I believe it is a great opportunity to get connected with people who are interested in saving money and talking about their personal finances. You can gather loads of information and tips from good finance bloggers there. You will able to grow your networking which will definitely help you to learn more regarding this topic. Sharing ideas and goals is the main concern for me when I am on Twitter, chatting about personal finances.
If you do not have a twitter account, then please hurry up guys make an account as soon as possible and enjoy the whole FUN!! It is a place where you can spend your whole in talking to various type of people. Share your ideas with them and learn more and more about Life. people share happy as well as their sad moments on twitter. They also link their articles and blog posts they write each day.
Twitter is the best among all other social networking sites.
Tonight's topic : Money Saving Plans in Recession.
Do not miss the discussion. You are welcome to ask whatever questions you have in mind. Come, Share and be a part of the FUN!!
My twitter Profile : Betty Parker
In fact I believe it is a great opportunity to get connected with people who are interested in saving money and talking about their personal finances. You can gather loads of information and tips from good finance bloggers there. You will able to grow your networking which will definitely help you to learn more regarding this topic. Sharing ideas and goals is the main concern for me when I am on Twitter, chatting about personal finances.
If you do not have a twitter account, then please hurry up guys make an account as soon as possible and enjoy the whole FUN!! It is a place where you can spend your whole in talking to various type of people. Share your ideas with them and learn more and more about Life. people share happy as well as their sad moments on twitter. They also link their articles and blog posts they write each day.
Twitter is the best among all other social networking sites.
Tonight's topic : Money Saving Plans in Recession.
Do not miss the discussion. You are welcome to ask whatever questions you have in mind. Come, Share and be a part of the FUN!!
My twitter Profile : Betty Parker
Friday, June 5, 2009
Make Sure Your Money Likes You?
It is very easy to accept the fact that you like your money, and why you won't, after all it provides you with all the pleasures of life. But have you ever wondered that the same money reciprocates your feeling or not? Does it also respect you in the same manner as you do to your money? You should respect your money like you respect Jesus.
There should be some Biblical principles that you need to follow to keep this relationship with your money alive. The main concern here is that there should be a good relationship between you and your money. And I am sure you would like to keep this relationship as a high quality relationship.
Close your eyes for a moment, take a deep breath and just follow these lines :
I am very sure if you ever try to abuse your money, or treat it in an unusual manner, it will boycott you forever and then never in your lifetime you would be able to convince it. If it goes, it will take away your freedom from you, and not only freedom, but also your security.
Establish a positive relationship with your money, do not let it become your master. If you become its slave now, for a lifetime you would have to continue in the same manner.
It is a request from my side as a friend, as a guide, whatever you think is appropriate for you, please maintain a good reputation with your money. You will definitely be able to do that. I am sure money will respond to your affections very soon.
Don't be upset if your money doesnt like you, Start LOVING it more
There should be some Biblical principles that you need to follow to keep this relationship with your money alive. The main concern here is that there should be a good relationship between you and your money. And I am sure you would like to keep this relationship as a high quality relationship.
Close your eyes for a moment, take a deep breath and just follow these lines :
- Always treat your money with due respect as you respect your spouse
- Always enjoy the company of your money as you do it with your best friend
- Always treat your money delicately like a small baby
- Always treat your money like a teenager, know where it is going and why
- Always consider your money as your father, learn good patterns from it
- Always consider your money as a mother, feel its comfort
- Always treat your money as your beloved neighbor, keep an eye on it every time
I am very sure if you ever try to abuse your money, or treat it in an unusual manner, it will boycott you forever and then never in your lifetime you would be able to convince it. If it goes, it will take away your freedom from you, and not only freedom, but also your security.
Reciprocate the feeling of LOVE with your money
Establish a positive relationship with your money, do not let it become your master. If you become its slave now, for a lifetime you would have to continue in the same manner.
It is a request from my side as a friend, as a guide, whatever you think is appropriate for you, please maintain a good reputation with your money. You will definitely be able to do that. I am sure money will respond to your affections very soon.
Thursday, June 4, 2009
Humorous Net Worth Comic
I was just going through few comic pictures this evening and guess what I came across. I really wanted to share this with all of you to add some humor in my blog. This is funny but with that it has really got some message. Did you notice that the beggar's net worth is much higher than anyone else there.
Can anyone figure out the real reason? I will tell you. The answer is very simple. The beggar doesn't have any debt. He is not earning so much as the other people are and so he is living a debt free life.
Conclusion : Earn less = live a debt free life :)
Friday, May 8, 2009
The Most Odd Things about Betty Parker
Now since its been so long I am writing a blog, its time that all of you know fee craziest and odd things about me. I have just tried to make it interesting for all of you so that you enjoy each and every part of it.
Ok now it is a time to buckle up your seat belts and hold back yourself tightly. Here we go!!
1.) I eat cheese pasta almost everyday. (especially when Samantha cooks it for me)
3.) I am addicted to TV show Big Brother.
4.) Every time I say I hate the music of Enrique, but the truth is he is my favorite singer.
5.) People believe I am a very good singer, but the fact is I have never sung any song in my entire life..hahaha...
6.) My parents think I am a very decent girl, but I am not so decent. I have tried everything from drugs to alcohol.
7.) My favorite drink is Virgin Mary followed by 8 cubes of Ice.
8.) At age of 17 I ran with my ex-bf to Miami and came back after couple of days.
9.) I am a national level Lawn Tennis player.
10.) I become very competitive when I am playing rugby.
11.) I hold a degree in Linux Software Programming.
12.) I always say I hate back bitching...though personally I love doing it... (top secret)
14.) Writing is my passion since school days. I have won loads of awards for creative writing in school.
15.) I thought I will be able to complete this post in less than 15 minutes, but I actually spent 40 minutes on it.
16.) I have dated more than 25 guys till date. But I found no one of my type till date. I have got approx more than 75 proposals till date. (no wonder I am so pretty)
17.) I love to dance. As soon as I hear fast music my feet automatically starts moving.
18.) I am a big animal fan. And I have decided to open an animal farm very soon.
19.) Nobody at my place knows that I had been arrested twice for rash driving.
20) I can spend any amount of money for pineapple cake.
21.) I hate people with body odor.
22.) I still do not understand why guys wear low waist jeans. They look so dumb in that.
23.) My sister Samantha is my best friend and will always be.
24.) Once I won a lottery of $ 5000 but I lost the ticket.
25.) I love traveling. I have been on world tour when I was in college with one of my ex Bf.
There are many many more things and secrets of Betty Parker which people are not aware. Obviously I can't include everything here but I hope all of you now know many things about ME. Do leave your comments and views about Me. :)
Ok now it is a time to buckle up your seat belts and hold back yourself tightly. Here we go!!
1.) I eat cheese pasta almost everyday. (especially when Samantha cooks it for me)
I just love eating Cheese Pasta2.) Before going for a drink with friends I always visit the church nearby my house.
3.) I am addicted to TV show Big Brother.
4.) Every time I say I hate the music of Enrique, but the truth is he is my favorite singer.
5.) People believe I am a very good singer, but the fact is I have never sung any song in my entire life..hahaha...
Isn't he good looking??? Enrique.. my favorite singer..
6.) My parents think I am a very decent girl, but I am not so decent. I have tried everything from drugs to alcohol.
7.) My favorite drink is Virgin Mary followed by 8 cubes of Ice.
8.) At age of 17 I ran with my ex-bf to Miami and came back after couple of days.
9.) I am a national level Lawn Tennis player.
10.) I become very competitive when I am playing rugby.
11.) I hold a degree in Linux Software Programming.
12.) I always say I hate back bitching...though personally I love doing it... (top secret)
Miami, the hottest holiday destination and my favorite too..13.) I try experimenting with my hairstyle. I have tried almost more than 60 hairstyles till date.
14.) Writing is my passion since school days. I have won loads of awards for creative writing in school.
15.) I thought I will be able to complete this post in less than 15 minutes, but I actually spent 40 minutes on it.
16.) I have dated more than 25 guys till date. But I found no one of my type till date. I have got approx more than 75 proposals till date. (no wonder I am so pretty)
17.) I love to dance. As soon as I hear fast music my feet automatically starts moving.
18.) I am a big animal fan. And I have decided to open an animal farm very soon.
19.) Nobody at my place knows that I had been arrested twice for rash driving.
20) I can spend any amount of money for pineapple cake.
21.) I hate people with body odor.
22.) I still do not understand why guys wear low waist jeans. They look so dumb in that.
23.) My sister Samantha is my best friend and will always be.
24.) Once I won a lottery of $ 5000 but I lost the ticket.
25.) I love traveling. I have been on world tour when I was in college with one of my ex Bf.
There are many many more things and secrets of Betty Parker which people are not aware. Obviously I can't include everything here but I hope all of you now know many things about ME. Do leave your comments and views about Me. :)
My Sister's Birthday : An analysis of what we spent
Few days back I praised about my sister's saving plan here. It was her birthday yesterday which proved to me extremely expensive and though I was not at all guilty of spending huge sum of money for my loving sis, yet I learnt a lot with these expenses and trying to make myself prepared for next year. I have decided that from now on for any family occasion even I will save money like my sis do.
Many Many Happy Returns of the Day Sam
I wanted with my readers to share where our money was actually spent :
1. loads and loads of Roses (as Samantha loves them a lot) : $ 100
2. two dozen of birthday balloons : $ 10
3. yummy pineapple cake : $ 15 (approx.)
4. Decoration papers : $ 5
5. A beautiful hand bag for Samantha : $ 100
6. birthday cards : $ 5
7. Gas for cooking : $ 15
8. Organized Dinner : $ 150
Total : $ 400 (Gosh!!!)
We made a budget of around $ 250 and all the extra amount of money was paid by me. The reason was I organized for the party, I invited all her friends and relatives. But I was not at all aware that she had a huge group of friends. I have saved some amount of my free money and kept them for my mobile phone bills. But now i do not have a single penny for the bills. But more than these payments was important my sister's happiness which I believe I was successful in.
Nothing is more important to me than my Sister's happiness...love u lots...!!
Its better to make a card with hand rather purchasing it from market. So, I guess I have realized my mistake and that is it is very important to save money in advance and as a result of all this I have decided to save money this year for Christmas. I hope you had a great birthday Samantha!!
Wednesday, May 6, 2009
I don’t trust Wall Street
I’m not sure when it started. It’s been going on so long that everyone takes it for granted. What am I talking about? The pitiful returns that the financial industry titans train you to expect on your stock or mutual fund investments.I’d like the name of the evil genius on Wall Street who decided to brain wash the investing public into believing that a 5% to 15% rate of return on investment was good enough and you ought to be happy with it.
Now the financial ‘gurus’ and their willing accomplices in the media parrot these painful numbers as if they were gospel.
I have to laugh, but it covers up my cringe. The wool is being pulled over your eyes! If you only average 10% returns on your investments, you are treading water. That’s barely keeping up with the true rate of inflation.
If I couldn’t crush that return blindfolded I’d close down Platinum Properties Investor Network today! 30% is our low end target and we normally do better than that.
I am a nice girl and don’t want to beat up the Wall Street advisers for fun, but it makes me mad to hear the dangerous information they peddle under the guise of investment advice. It’s not an understatement to call it dangerous. It’s dangerous to you and the solidity of the financial empire you’re building.
Lower Wall StreetThe cold, hard truth is Wall Street is one of the best snake oil salesman in history, pushing a product that’s a poor quality asset class (stocks, bonds, mutual funds). Fancy words and clothes don’t hide the fact that the Street has always been a terrible place to put your money when compared to a genuine quality asset class like investment properties.
Don’t believe the lie. It could hurt you where it really counts – in the pocketbook.
Thursday, April 30, 2009
Few Sacrifices helps you to Save extra Money
If you say that you want to save a lot of money without making any sacrifices then you will never be able to save the money. If you really want to reduce your spending then you have to make few sacrifices of the best things of your life. The best part is that the sacrifices made by you will be an added advantage for you rather having adding anything negative to your life.
My sister always saves $200 from her salary every month to donate for poor people.
The first thing that you have to sacrifice is on your HOME. This is where we spend most of our money. Most of the income from our monthly salary goes into mortgage payments, upkeep of the house and many other petty expenses. But these petty expenses often results into huge some of expenses at the end of the month. Often people likes to stay in big houses because it adds to their status symbol. Staying in a cheaper Geographical area or a house with 3-4 rooms would be more than enough for a family. Focusing on the positive aspects of the life is very important. Staying in a big house and paying huge amount of mortgage payments for that house is not at all a good aspect.
Secondly, try to sacrifice on your CAR. There are some unworthy expenses associated with cars like repairing charges, insurance fees, petrol, diesel, etc. Bigger the car is more will be your expenses. It would be better to use a public transport rather driving a very expensive car. The motive is to reach the desired destination no matter you travel by your own car or public transportation. I really understand that this is not so easy but to get something you have to lose something.
Thats my house, Small and Sweet
Thirdly comes your VICES. It is nothing but a waste. Trust me it is not at all a worth wasting money on poker, gambling or going to strip shows etc. There are many people among us who waste loads of money on buying alcohols and cigarettes knowing they are injurious to our health. First we consume them, waste our money and then when we fall sick again a huge sum of money is spent on doctor fees. I know it is not at all easy to give up these addictions but something is better than nothing.
Fourthly, the Luxuries of your life. In this area already people sacrifice a lot, but still there are many things to work upon. Stop going for dinner everyday, once or twice in a month is more than enough. Restrict yourself from buying branded products, watching a movie at home is a better option than watching it in theaters.
Lastly, the most important of all, your TIME. Its better not to waste our time by doing nothing rather working upon the ways to save extra money. Try to work for few hours on weekend also so that you can earn some extra money out of it. Working as a freelancer from home is a good option. In that way you will be able to spend your time with family as well as you will be able to get hole of some extra income every month.
If you will not respect your time, time will not respect you
Whatever sacrifices I have listed will not be possible in a fraction of a second, it requires a very strong and will power. You need to change a lot of your living styles and habits in order to spend less. If you take these as a mission, then I am sure it is not at all a difficult task to work upon. A little effort is more than enough.
My Personal Thoughts :
1.) I do agree that home is a huge expenses. But buying a good home is a one time chance and so it is advisable to purchase home before the economy gets back to normal.
2.) Car too adds a lot of expenses, but it actually depends on how you maintain your car. Purchasing a new car in 5 years is not a big deal.
3.) Vices are definitely a bad thing. And me being a girl have got no such bad habits though I drink occasionally which is absolutely fine.
4.) I do not enjoy so much of luxuries because i love to save money and donate the same to the poor people. Though I have got a mobile phone, an i-pod, a laptop which are the necessities and not the luxuries.
5.) I always believe in one thing. "If you don't respect TIME, there will be a time when it will not respect you."
Never Spend Your Money Before YOU have it..
Time is more Important than Money
Last weekend after I quit my job, i went to my cousin's place in California and we had a gala time there. In her neighborhood, I met my high school friend Alicia after almost 8 years. We discussed and remembered loads of things that we did in high school. The motive of me writing this post is that I wanted to share with all of you one very important thing that we discussed on Sunday.
I told her everything, about my job, my debts, and also about my present conditions since I was very upset with whatever happened. I told her that I have become a professional blogger now. She was looking at my face as if I have used some weird words. She told me she have got no idea about this blogging and all. Then I explained her about my goals of personal blogging. I wanted others to avoid the financial mistakes which I have made in my life.
Then I asked her that what was she doing all this while. She told me that she got married as soon as she completed her graduation. She was married to a handsome guy who was in military. She also have two very cute daughters, Marcia and Amanda. She told me that she joined a Corporate Industry as an HR. I was really happy for her. She was earning good salary with the job.
I just looked at a photograph that had Alicia with her smart husband and daughters. I asked her where is her husband. She looked at me and started crying. She replied, "He is no MORE". Tears start rolling down my cheeks. She told me she can still earn a lot but how will she earn happiness in life. Money is not important for me. What is more important is the TIME that I had spent with my family.
That day I realized that in Life there is something that is more important than money and that is TIME. My financial goals are important to me but nothing is more valuable that the time I spent with my family. I love you mom and dad. You are the most loving thing that has happened to me in this life.
Alicia and Me at the age of 7 in California
I told her everything, about my job, my debts, and also about my present conditions since I was very upset with whatever happened. I told her that I have become a professional blogger now. She was looking at my face as if I have used some weird words. She told me she have got no idea about this blogging and all. Then I explained her about my goals of personal blogging. I wanted others to avoid the financial mistakes which I have made in my life.
Alicia and ME in high school, in California
Then I asked her that what was she doing all this while. She told me that she got married as soon as she completed her graduation. She was married to a handsome guy who was in military. She also have two very cute daughters, Marcia and Amanda. She told me that she joined a Corporate Industry as an HR. I was really happy for her. She was earning good salary with the job.
I just looked at a photograph that had Alicia with her smart husband and daughters. I asked her where is her husband. She looked at me and started crying. She replied, "He is no MORE". Tears start rolling down my cheeks. She told me she can still earn a lot but how will she earn happiness in life. Money is not important for me. What is more important is the TIME that I had spent with my family.
Alicia and Me in California on this weekend. I tried my level best to make her feel good. And I guess I was successful
That day I realized that in Life there is something that is more important than money and that is TIME. My financial goals are important to me but nothing is more valuable that the time I spent with my family. I love you mom and dad. You are the most loving thing that has happened to me in this life.
Time is not Money, Time is more Important than Money....
I had to Quit my Job
Yes you have heard it right. I have quit one of my part time jobs yesterday. I have been working part time in a sports club as a supervisor for lawn tennis. Lawn Tennis has always been one of my favorite sports. I was the sports captain too in my high school and since playing lawn tennis was my passion i decided to join the tennis academy here in my neighborhood as a supervisor. I never got an opportunity to play for US so just decided to play at the national level. I had been working there for around 7 years, but circumstances made me quit my job.
I really enjoyed every part of it. It was so good to meet new people, new students, their parents but from the past couple of months i was not able to manage both my work and tennis together. The tennis session was shifted during the day time, the time when i am completely involved in my work. After I came back home I just checked how much have i earned. Below you will find the details.
Earnings : $ 1200 (approx.)
Anticipated Earnings : $ 500
Therefore, Total Earnings : $ 1700
My Expenditures
household work : $ 200
clothing : $100
eating out : $500
My Total Expenditure: $ 800
Earnings - Expenditure = $ 900 (and $300 for future earnings too)
I was shocked to calculate these figures. I finally realized that I am spending too much on eating out as well as on clothing. So i decided that i will be more frugal now and will eat most of the time at home itself. I also decided that I will work very hard at my official workplace so that I can earn good amount of incentives.
I was damn upset that afternoon, but I had no choice but to QUIT my job.
I really enjoyed every part of it. It was so good to meet new people, new students, their parents but from the past couple of months i was not able to manage both my work and tennis together. The tennis session was shifted during the day time, the time when i am completely involved in my work. After I came back home I just checked how much have i earned. Below you will find the details.
Earnings : $ 1200 (approx.)
Anticipated Earnings : $ 500
Therefore, Total Earnings : $ 1700
My Expenditures
household work : $ 200
clothing : $100
eating out : $500
My Total Expenditure: $ 800
Earnings - Expenditure = $ 900 (and $300 for future earnings too)
My left Savings as a Tennis Supervisor and Coach
I was shocked to calculate these figures. I finally realized that I am spending too much on eating out as well as on clothing. So i decided that i will be more frugal now and will eat most of the time at home itself. I also decided that I will work very hard at my official workplace so that I can earn good amount of incentives.
Friday, April 17, 2009
What You Need to know before hiring a Financial Adviser
Suppose you are meeting a Professional Financial Adviser for the first time, What will be your reactions? Obviously you will hesitate to share anything with him because its the only first meeting. But you shouldn't forget that ultimately you are the boss, you are hiring him and not he hiring you. Its up to you what qualities you will look into the Financial Adviser. It is indeed very important to judge the right person because he will be the one taking care of your Investments in future. Below I am listing few questions that would definitely help you in judging the right financial Adviser.
How well is your U4?
U4 as we all know is the report card of a financial expert which states us his good as well as bad qualities. It will tell you everything about his background. Basically it is nothing but a card where it will be shown all his misdeeds (if any). The best way to cross check his answers is to login here http://www.finra.org/index.htm which will tell you whether your financial adviser is an honest person or not.
How much is your fees?
I am sure you will think that it is quite a shy feeling to ask these questions. But just imagine it is the matter of your hard earned money, so why feel shame in asking. If you buy anything costly from the market, dont you ask the price of the thing before purchasing it? Who knows they can make money later in form of commission, other charges etc. It will also give you a feeling of satisfaction if the total charges of hiring him is known to you in advance.
These were the most common type questions to be asked, now lets move to some in-depth questions.
Whats your job portfolio?
this is important because as I told you earlier it is a matter of your MONEY. If in the portfolio he states that he have only marketing stocks, then i dont think it is valuable to take his advice. It is very important for you to chose the planner who have got strong portfolio.
How many times you have changed your Job?
It is very important to know how many jobs the person has switched. If the person has switched around 3-4 jobs in one year then it is very clear that he is not interested in earning client's value he is only interested in making money for himself. It is not at all worth keeping a person like this to plan your money.
How many clients you work with at a time?
If he is handling more than one client at a time, then it is quite clear that he wont be able to manage all the clients together. It might happen that he will try to convince you that he can manage all the clients together. But you are the best judge at the end of the day. Giving him a chance will be a foolishness and nothing else.
How long you plan to work with my Money?
This is a very good question to judge his credibility. If he says, he will manage your money till he helps you in reaching at the highest point of satisfaction, then only he is an eligible financial adviser for you.
Do you have a girlfriend or are you married?
When a financial planner can know everything about your life, then I dont think there is any problem asking him this personal question. There are many people who have a wife or a girlfriend and then they are busy solving their personal problems rather solving your financial problems.
Keep in mind these questions and you will definitely find a right financial adviser for yourself.
Do not hesitate to ask your to be financial adviser any question you have in mind
How well is your U4?
U4 as we all know is the report card of a financial expert which states us his good as well as bad qualities. It will tell you everything about his background. Basically it is nothing but a card where it will be shown all his misdeeds (if any). The best way to cross check his answers is to login here http://www.finra.org/index.htm which will tell you whether your financial adviser is an honest person or not.
How much is your fees?
I am sure you will think that it is quite a shy feeling to ask these questions. But just imagine it is the matter of your hard earned money, so why feel shame in asking. If you buy anything costly from the market, dont you ask the price of the thing before purchasing it? Who knows they can make money later in form of commission, other charges etc. It will also give you a feeling of satisfaction if the total charges of hiring him is known to you in advance.
These were the most common type questions to be asked, now lets move to some in-depth questions.
Whats your job portfolio?
this is important because as I told you earlier it is a matter of your MONEY. If in the portfolio he states that he have only marketing stocks, then i dont think it is valuable to take his advice. It is very important for you to chose the planner who have got strong portfolio.
Do review his Job Portfolio twice or even more than that...
How many times you have changed your Job?
It is very important to know how many jobs the person has switched. If the person has switched around 3-4 jobs in one year then it is very clear that he is not interested in earning client's value he is only interested in making money for himself. It is not at all worth keeping a person like this to plan your money.
How many clients you work with at a time?
If he is handling more than one client at a time, then it is quite clear that he wont be able to manage all the clients together. It might happen that he will try to convince you that he can manage all the clients together. But you are the best judge at the end of the day. Giving him a chance will be a foolishness and nothing else.
How long you plan to work with my Money?
This is a very good question to judge his credibility. If he says, he will manage your money till he helps you in reaching at the highest point of satisfaction, then only he is an eligible financial adviser for you.
Do you have a girlfriend or are you married?
When a financial planner can know everything about your life, then I dont think there is any problem asking him this personal question. There are many people who have a wife or a girlfriend and then they are busy solving their personal problems rather solving your financial problems.
Keep in mind these questions and you will definitely find a right financial adviser for yourself.
So have you met your financial adviser? If so do share what you asked him or her, Is he serving your needs well or not.
Friday, April 10, 2009
Facebook is Growing and so is its Cost
Was raising $240 million from Microsoft more than enough for Facebook or raising $235 million in debt and equity was enough to escape the heat of recession. Jim Breyer, one of the board members from The Facebook said that, "we have enough of capital to provide employment to as many as people we want and we are not at all worried about the profitability of the company".
There is no doubt about the fact that Facebook is growing at a tremendous pace, but with it is growing the costs the company is now willing to go to the IPO's because of the low cash supplies in the market.
Facebook continues to enjoy its increasing popularity worldwide and having the marked growth of 118% visitors wise and around 75% growth in its page views which s a remarkable effort, though its popularity in US is not upto the mark increasing to 41 million from 31 million about 32%. Facebook is likely to spend around $ 1 million per month only on electricity.
The sources in Facebook said that Facebook spends around $ 500,000 per month on bandwith and is expected to buy 50,000 servers worth $ 100 million this year. All that equals to with other expenses comes to around $ 30 million per year plus datacentre and rent payments of $ 15 million that sums upto $ 45 million every year.
And why should we forget the trusted employees of Facebook with around 750 employees working day and night, the payroll is around $ 10 million per month. We can add another $ 100 million on capital expenditures. I wish they can donate some of their money for the war and flood victims.
The question is from where they are able to manage such a huge amount of money? Advertisers which targets the international audience. This is the reason the CFO of the company, Gideon Yu is in Dubai these days in search of some extra fundings for the company.
Still you think Facebook has got plenty of money? Right? NO WRONG !!
Facebook is just praying that economy gets back to the position what it was in the year 2007 or else the company will runaway with the amount of cash very soon. They have grab more and more money as soon as possible because we all know that the economy is more likely to get worse by the end of 2010.
Do not forget to listen the famous Facebook Song
There is no doubt about the fact that Facebook is growing at a tremendous pace, but with it is growing the costs the company is now willing to go to the IPO's because of the low cash supplies in the market.
Facebook continues to enjoy its increasing popularity worldwide and having the marked growth of 118% visitors wise and around 75% growth in its page views which s a remarkable effort, though its popularity in US is not upto the mark increasing to 41 million from 31 million about 32%. Facebook is likely to spend around $ 1 million per month only on electricity.
The sources in Facebook said that Facebook spends around $ 500,000 per month on bandwith and is expected to buy 50,000 servers worth $ 100 million this year. All that equals to with other expenses comes to around $ 30 million per year plus datacentre and rent payments of $ 15 million that sums upto $ 45 million every year.
And why should we forget the trusted employees of Facebook with around 750 employees working day and night, the payroll is around $ 10 million per month. We can add another $ 100 million on capital expenditures. I wish they can donate some of their money for the war and flood victims.
Mark Zuckerberg : The Creator of Facebook
The question is from where they are able to manage such a huge amount of money? Advertisers which targets the international audience. This is the reason the CFO of the company, Gideon Yu is in Dubai these days in search of some extra fundings for the company.
Still you think Facebook has got plenty of money? Right? NO WRONG !!
Facebook is just praying that economy gets back to the position what it was in the year 2007 or else the company will runaway with the amount of cash very soon. They have grab more and more money as soon as possible because we all know that the economy is more likely to get worse by the end of 2010.
Do not forget to listen the famous Facebook Song
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