It’s A Booming Time For Business
The first wave of Baby Boomers turned 60 this year and as many approach the traditional retirement age of 65 they are finding that (a) they are still vibrant and don’ t want to stop working; and/or (b) their life expectancy has been extended and they will be dead broke long before they are dead and gone.
As a result Baby Boomers are not slowing down now that they’re approaching what once would have been considered their golden years. If you were a man you expected to retire at 65 and die at 75; and if you were smart you banked enough dough to see you comfortably through that stretch. We figured we’d get at least 10 good leisurely years before the grim reaper shows up without having to worry about money. Turns out, we were wrong.
Budgeting Tips For Young Couples
The honeymoon is over! How times have changed from those glory years when you and your spouse-to-be were footloose and fancy free. You were dating, having fun, planning your dream wedding, the vacation on some exotic island and then living happily ever after.
Now, you?ve settled into the routines of life: work, paying the ever-increasing bills, and perhaps you have been blessed with a child (or two). The priorities have certainly changed! And, so has the financial picture. Your planning horizon has shifted from month-to-month to building a long-term future for your family.
Commercial Endowment Your Options
Property development is big business. The rash of TV programmes about home makeovers and renovations reflects our current obsession with property as a way to make big bucks, quickly. It may seem a failsafe way to make a killing ? buy a shabby house, paint the place magnolia, add laminate flooring, and bingo!
Financial Management: Throw Away The Budget
I HATE budgets! I do. I hate them. Something inside of me just sees budgets and regresses into being a child who shuts his mouth tightly, refusing to take his medicine. I have watched talk shows where hopeful couples are told, ?well, you will have to be on a strict budget and it will be 3-5 years before you turn this thing around.? The color goes from their faces and they look stunned for the rest of the show.
One Income Source Is Not Enough!
My personal opinion is that in today?s new economy, it is wise to have multiple income streams. Reliance on one income source poses a risk to individuals, entrepreneurs, and even large corporations. A single-source income stream, rather it comes from a job, a million-dollar customer, or a highly targeted market segment can dry up for any number of reasons.
4 Easy Ways To Save $160 A Month At Work
Without completely changing your work lifestyle, here are four ways to save at least $160 per month.
Say Sometimes to Starbucks
We love our coffees, latt?s, and cappuccinos. Whether it?s Starbucks, Peet?s Coffee, Panama Bay, or a favorite local coffee shop, you can bet you?re spending at least three dollars for every drink. While many studies are showing Americans are grabbing latt?s two or more times a day, let?s assume you only pick up coffee only once on your way to work. That means you would spend fifteen dollars each week. Ok, so fifteen dollars isn?t so much, until you multiply that by four weeks. In just one month, you have spent $60 just on coffee. Yikes! That?s SIXTY dollars! And this is assuming you don?t tip, never buy more than one coffee a day, and it actually only costs three dollars.
Financial Conditioning For Financial Freedom
You have achieved financial freedom when you have sufficient passive income to support your lifestyle and you work because you choose to, not because you have to.
There are many ordinary people who enjoy financial freedom, and you can be among them. But it might not be a comfortable process getting there. A lot depends on your financial conditioning.
You might have to change some beliefs and actions that are familiar to you now and feel like they are based in an objective reality, when in fact, there is no such thing. A belief is just a thought you keep thinking. Beliefs can change, and so can your opinion about what is real and what is possible.
Financial Conditioning For Financial Freedom
You have achieved financial freedom when you have sufficient passive income to support your lifestyle and you work because you choose to, not because you have to.
There are many ordinary people who enjoy financial freedom, and you can be among them. But it might not be a comfortable process getting there. A lot depends on your financial conditioning.
You might have to change some beliefs and actions that are familiar to you now and feel like they are based in an objective reality, when in fact, there is no such thing. A belief is just a thought you keep thinking. Beliefs can change, and so can your opinion about what is real and what is possible.
Why Understanding Your "Financial Personality" Is Important In The Financial Planning Process
For many of us, the topic of money is a powerful trigger of positive and negative emotions that can get in the way of making optimal personal finance and wealth-creation decisions. The confusion and stress can even block us from seeing our real financial needs and goals. Further, many of us are stuck with a lot of misconceptions from society, the financial planning industry, the education system and our families about successfully creating wealth.
We are all uniquely wired to make financial decisions. Life is not linear. How we each get to our goals will vary because our financial personalities are unique. What works for someone else might not be right for you.
Small Business Financing: Where to Find Working Capital
Small business financing provides the working capital that is needed not only for starting up, but also, for carrying on during the early years of any business. Financial backing, which can be found in a variety of areas, is accessible from small sums to large sums of money.
This type of funding includes loans and credit and is similar to the ones used to fund large businesses. The size of the loan or advance is just a bit smaller. Fortunately, a number of funding options are available to business owners, new and established, that will provide financial backing to all types of businesses as well as all types of credit.