Business and Financial Needs

Archive for 2012

Tips For Safely Using A Credit Card
1. at the time of the submission of a new application

* Please do not ever ask a credit card through an agent (as many in the mall the Mall, restaurant and supermarket) although they use particular bank facilities, still they are not employees of the bank but employees of the partner company is teaming up with certain banks.

* If you want to create a credit card reached to come straight to the Bank/financial institution, credit card issuer to card center Division (credit card) or at least to a branch of the bank.

* Don’t just look at the annual dues are only free for the first year, so next year’s card and find again closed its free annual dues again. Here are very prone to data leak to others.Because we do not know the persons of an institution that is misbehaving.

* Credit limit is reached a maximum of 1/2 of my Take Home Pay us ( ideal loan is 1/3 of our earnings), if too high have come down only, rather than the hard limit of pay.

2. at the time already had a credit card

* Aim has always been to pay the entire Bill is paid off before maturity, so you avoid the costs and interest is high enough

* Credit card interest Rate is always above other loan interest due to credit card lending without collateral, is usually a percentage rate is monthly, so you must multiply by 12 to find out the rate yearly

* Credit card interest Calculations are from the US or making a cash transaction has been running the flower, but if we pay in full (Full Payment) before the due date then we waived flowers.

* Never inform the data contained in our credit cards to others, including the brother of a close, good card number, validity period, the name printed on the card, and so on. Be wary of marketing via phone (Telemarketing) which says as though from the Bank card issuer and any cooperation with them either insurance, hotel, club, remember only tricks them, and don’t ever give out your card number to them!!! as well as data from other data including the issuing Bank cards.

* Organized at the time of checkout, swipe swipe card  in front of us, common especially in the restaurant card to the cashier first brought us their new string without our presence, now it is on to avoid as much as possible. String always before us.

* Never ordering goods via the internet by mentioning our credit card. Avoid spending way more so when this model transactions in the Cafe and in the company that are not reliable (no debonaire)

* Always Check your credit card, when it is lost immediately report to the Bank card issuer to avoid abuse.

* Do not behave consumerist, felt had a credit card could just settle in and remember you still have to pay bills, do not incriminate yourself

* Have a credit card these days is not a luxury and prestige, so do not need to have a credit card line up, my advice is pretty 1 of visas and 1 more from Master Card with two different publishers, which give the benefit of the most plentiful and good. For example in the supermarket a few percent discount, discount dining umpteen percent.

The Best Way To Run A Business

A lot of people who want to become a businessman reliable but it is difficult to start a business. Below there are several ways to run a business well, namely:

1. Skill saw business opportunities that exist around You
Sometimes we off guard against business opportunities all around us. Therefore, the first step to pioneering business is how we can leverage skills saw business opportunities all around us

2. the willingness and courage to bear business risk that may occur.
Many people do not dare to start a business for fear of going bankrupt or failing. This is causing people not to be able to run its business properly or do not even dare to start. You should dare to tread.

3. a basic understanding of your business model.
You should know how your business model so that it can run properly.

4. Actively maintaining reputation
Keep your business reputation is already quite heavy road. Therefore, the challenge for you to maintain your business to stay ahead.

5. Expand Your network as your business continuity support

Thus, you will become a reliable businessman for having way your business well and maintain it to keep getting better

PLANNED FUTURE FINANCIAL CONDITIONS
Has become a common phenomenon that many of our colleagues, or people around us who frequently complained that the conditions of the financial. The loan amount in excess of its revenues,  and even exceed the number of assets that it owns. In such a condition that usually becomes a scapegoat is the small amount of income he has.

But the root of the problem which is actually not located on the side of income alone, but a failure to manage finances. Many of us who do not have financial planning, never even thinking to plan financial condition, let alone in the future. Financial planning is the absolute activity to be performed by any person and this is what will distinguish between a group of people who always stuck by the difficulty of liquidity and the Group of people who can enjoy life. This paper will try to discuss in a simple, how one should start planning financials.

Diagnosing the financial condition
The first step that needs to be done in preparation of financial plan is to diagnose the condition of our personal finances at this time. To note in diagnosing the financial condition is the magnitude of the total revenues, total expenses, the size of assets and liabilities debts we have.

In general it is clear that total income should not exceed the total expenses. For those who have a fixed income every month then could easily estimated the magnitude of the total income in one year, including income non routine such as allowances and bonus feast day. Then its expenditure should be regulated not exceeding total revenue routine that he possesses.

The income of the non routine should not be allocated to bear the total expenditure, but it must be allocated for the purpose of investment or reinforce emergency fund. As for people who have that kind of income variables (not fixed) then the total of its expenditure may not exceed 80% of the average income.
The next post is the asset that needs to be noted. We often mistakenly defining about assets in relation to financial planning.

The assets are in fact everything that delivers productive activity or support us. A simple example is the House we live in and the vehicle we wear can be classified into an asset because it supports our productive activity, while villa, stereo set, an acoustic guitar, golf and a second vehicle that is rarely we wear, definitely not an asset category. Savings and investment is one of the tangible assets  yields.

Debt is the plural thing is done and is not really a thing that needs to be feared. Debt in fact is adding to the buying power of our revenue by attracting us in the future to the present. Are analyzed in terms of debt is a type of mortgage debt and liabilities we have responsibilities. Home credit and productive vehicle is definitely the kind of debt that is reasonable and can be tolerated, but credit card debt is a type of debt that is absolutely to be avoided. Interest rate credit card debt average reach 35 – 48 per cent per year and this is clearly burdensome financial digitalis us.

Given the size of the interest rate credit card, then use a credit card to look out for limited funds for the sake of practicality and comfort only and not to increase our buying power with the way owe. In terms of managing debt, the magnitude of the total liability of our debt repayment should not exceed 30 percent of our total revenue. When we’ve been stuck on the conditions of the obligation to pay the debts that exceed the threshold, then the restructuring absolute debt have to do with prioritizing on debts that have high interest credit card debt, such as credit without collateral, and the like.

Having An Emergency Fund
The second step in the preparation of financial plan is to check the availability of emergency funds that we have. An emergency fund is a Fund at any time must be available when unexpected expenditure arises. Many people don’t think about the availability of an emergency fund in their financial planning, so that when unexpected expenditures arise then that is often done is add the ability of purchasing power by creating debt, and usually this type of loan is a debt with such high interest rate credit card debt and credit/loans without collateral.

Whereas it is clear that the actual debt should not at all be a mainstay for unexpected expenses this close. This is where the importance of the availability of the Emergency Fund, so we don’t get stuck coils of high yield debt. The magnitude of the emergency fund to be owned in the financial planning vary, ranging from 5 to 20 times the total monthly expenses.

COMPARE SALARY JUST To MAKE A BORED
cannot be denied a, sometimes arises curious to know how much is the salary received friends or colleagues in the Office. Unfortunately, it’s often when curiosity answered, that is hot careful, especially if it turns out the salary of A performance under the US turned out to be right.
In an analysis of a survey conducted on 19,000 people in 24 European countries, three quarters of the respondents say that comparing salaries with others is important. However, they also admit that it often bring disappointment.

Researchers from the Paris School of Economic analysis that does such a mention, when someone finds out that he was on a lower salary level, generally will feel depression and low self-esteem. The response appears on either the respondents both men and women. Interestingly, a sense of envy that arose was greater if compare with friends than when with a colleague. This is probably happening because when knowing the salary of our colleagues, higher expectations arise sooner or later our salaries will also be creeping up.

The habit of linens’s salary is apparently more often do workers in poor countries compared with workers from the developed countries. Those low-income also likes to compare his salary with people who are more prosperous. “We used to think the rich will more often compare salary, but it is precisely those whose incomes are lower,” said Professor Andrew Clark, Chief researcher. “Too often compare salaries actually self-defeating because we feel that the world is not fair,” he said

WHEN FINANCIAL DIFFICULTIES
we can experience financial difficulties when job loss, illness, divorce, debt, failing business caught up, and more. Financial difficulties can engender a sense of anxiety, anger, panic, and even cause us currency slumped because of bad money management.
The first thing that should be attempted is to stay calm. Only by remaining calm we can take decisions are good and help other family members to be able to cope with the situation well. Loss of income affect all. Adults may be very depressed and preoccupied with the chaos he feels himself, forgot that happened also affect children.

No matter what happens, children need emotional security of adults around it. Adults may be trying to hide the actual circumstances with a view to protecting children. However, the children are good observers. They will capture the existence of something goes wrong, especially when the adults around him looked tense, brooding, or quick temper. It could be that they will take wrong conclusions about what happened and blaming yourself.

Therefore, to better explain the circumstances are open to all members of the family. Children acquire description according to the stages of its development, with the aim to make him understand without having to be burdened by excessive concern and sense of wrong. Parents also need to listen to the voices of children: disappointments, fears, and shame because conditions changed.
Maybe we don’t want to discuss the bad stuff happens, but sometimes it’s necessary to lighten the burden of all: the burden of parents, helps children understand what is really going on, and can be used to strengthen cooperation within the family.

Setting priorities
The second important thing is to set priorities. Parents need to work together to assign a priority to leave egoism for the family, for example education and nutritious meals that are more economical. Everything else is no longer a priority, even if it needs to be removed from the list, for example, the budget for a cigarette, new clothes, or collection of goods as a hobby.

Required tightening expenses of family members: father, mother, and children. For example, initially take a taxi ride or minibus buy now products cheaper household. It is a time to educate the young willing sacrifice and the simple life, which of course we have demonstrated themselves through our behavior. A child who is already big enough can help parents to supervise the household spending, find discount-special discount, or think up creative ideas of money management.

Relationship with family
When collapsed, we may be reluctant to hang out and get away from the others because of the shame. We thus need to keep good relations with his family and close friends because they can provide social support while we are experiencing difficulties. We can recount the difficulties that are being faced and demanded they give emotional support. When such a situation as bad, maybe we should ask for help from them, for example, borrowing a home while when we are not able to pay the contract home or entrust the child to leave school together in order to save money on transport.

Maintain positive behavior
When depressed, it is very likely we are stuck in behavior even self-harm, such as smoke, eat, consume drugs excessively, buying goods, and owe. Very important to stop owed, including through credit cards, and focus only on the most spending priorities.

When necessary, we ask for the friend who we trust to help keep an eye on our behavior. Indebted and unable to pay will reduce our appreciation to yourself. Shyness can be avoided if we act positively and responsibly. If we do not demonstrate positive behavior, how are our close friends would believe and are willing to provide support? Difficult situations are sometimes made us so much more creative. We can clean the House, checking the goods that can be sold. Some are probably can be cleaned, refurbished, and used again. Whenever possible, rather than go by car, older children can be asked to ride a bicycle, to become trendsetters “cycling to school”. All the family members can also bring supplies lunch from home.

Example for children
It is important to continue we remember that we are to be an example to the kids about how they can confront and overcome the difficulties of life. When we stay calm and able to think positive, children will learn that all of us. Needs to be emphasized that the difficult situation was temporary alone and parents are doing the best measures to improve the economic conditions of the family.

6 TRICKS in ORDER to HOLD DOWN SALARIES for LONGER
you’ve heard the term salary seven commas? That is not the salary of Rp 7 million, however, on 7 was “comma”. Of course, this is not because of that person’s salary is below the minimum wage, but because the large lifestyle than peg pole. The basis of to commas that you experience this is actually the wrong financial management. Robert Pagliarini, MSFS, CFP, author of The Six-Day Financial Makeover and President of Pacifica Wealth Ad visors, Inc., offers a system to control your finances:

Create report spending
“The only way to keep an eye on finances is to check, where your money is leaving,” said Pagliarini. Write down what your expenses during the week. Most people, he will not be surprised to see such a large expenditure on rental houses, gasoline, or insurance. Quite the shock when he saw people more spending as much as petty, a movie with my friends, or buy up DVD. After simulacrum, the amount so much too!

Apply management envelopes
Some people go through methods that are often considered old-fashioned. Each week, take some money from an ATM or bank (according to your funds, or less than that), and then divide as required. Spend the money only from these funds during the week. You would not have guessed how much could you save in this way.

Delay expenses
There are several types of expenses that can be postponed. For example, delay the Exchange vacation or add a new car. By delaying the spending of this sort, you will get extra money for much more urgent.

Cancel
Cancel expense that you do not take advantage of. For example, you register so members of the fitness center, but never using your membership. Never mind, just be realistic. If the sport is not yet so your priorities, better utilize the membership money for other purposes. The same thing can you apply for the extra cost of pay TV channels that You never watch.

Subtract
“Any expenses that You Cancel is extra savings in your wallet,” said Pagliarini. Suppose you have a habit of eating with the family on Sunday afternoon. You can reduce this tradition with meal together just two weeks ago. Another way keep eating together each week, but by choosing a restaurant that is not so expensive.