You A Millionaire! Why Not?
Look at the annual list of millionaires. Every year several magazines publish the latest list of people whose wealth exceeds $1million.
Lately, because the number of people attaining this level has been increasing so quickly, the cut off point has been raised higher and higher. To restrict the numbers to a manageable level the cut off point was last raised to $40 million.
Get a copy of the next list. Flip through it. Look for at least one person who is similar in age or has the same general characteristics as you. Look also for the people who have become wealthy by engaging in the same sort of things that interest you. I’ll bet you can. Everyone can.
Things To Consider When Planning A Financial Change
The reason that many budgets and other financial changes do not work is that they aren’t thought through completely. Many people try to implement a cookie-cutter budget that neither fits their life or their money. Some simply try to keep it short and easy, ignoring what is really going on. Too many look for the easy way out, such as consolidation or blissful ignorance.
When you are looking at changing your finances, there are a few things you should consider:
Can Money Buy Happiness?
What is happiness? The most ambiguous question posed in the universe apart from What is love? is often associated with this question regarding money and whether the more you have the happier you will be. Well, can it? Is happiness for sale? Is there a store at the local shopping centre that trades happiness for some of your hard-earned cash?
Wikipedia define happiness as; Happiness, pleasure or joy is the emotional state of being happy. The definition of happiness is one of the greatest philosophical quandaries. Proposed definitions include freedom from want and distress, consciousness of the good order of things, assurance of one’s place in the universe or society, inner peace, and so forth…
Handling Redundancy
Handling Redundancy
By: Darren Bourke
1.) Review Your Organisational Chart. First things first. Review your Organisational Chart in terms of fulfilment of product or service delivery and the operational necessity of each position. Also consider the impact a redundancy has on customers, continuing employees, team morale, revenue and operational efficiency.
2.) Review Your Employment Obligations. This is key once you have decided to make staff redundant. Are your employees covered by an EBA or Collective Agreement? Is your work force unionised? Are they under an Employment Agreement? Is there an award that applies also? Be very careful in understanding your legal obligations fully before taking any action.
Entity Layering- ?Layers on the Onion?
Entity Layering- Â?Layers on the OnionÂ?
By: Don Burnham
Entity layering is a key concept in risk management. It is like the layers of an onion. The outside of the onion is the toughest layer and there are many layers to the onion. As soon as you peel that first layer back, a chemical reaction begins, because the onion is defending itself and in each layer, the reaction gets a little stronger.
This is a good analogy for asset protection. You want to have layers of protection. Each layer makes it more difficult to penetrate. If you put the right techniques in place, in the proper sequence, you will make it very difficult for a plaintiff to get to your assets.
Finding A New Bank
When comparing banks to find the right one to meet your needs, it’s important to explore all of your options. Gather information from several different banks and compare the account options that each offers to their interest rates.
Some banks might offer exceptional rates but with relatively few options. Others might have a wide variety of account options but offer horrible interest rates.
First Steps
These steps are the most important when choosing a bank. Following these steps ensures the legitimacy of your bank’s transactions and the financial security of the institution. Generally, these steps apply more to online banking, but it’s always a good idea to research locally owned banks and new corporate banks as well.