Advice For Have Benefit In Recession

Every day, you hear a lot of news from media around the nation about recession. You have found that your colleagues, neighbors, friends and people around you are worried about recession.

Recession is really a word that can make people worry. However, if you are doing well in your personal finance, you won’t worry that much about this. In fact, recession also has its own benefits.

Let me show you the benefits:



1. Recession makes people frugal. One of the reasons people worry about recession is because their personal finance is not strong enough to fight with recession. The good news is worry can make people change. Many people will learn the lesson and be more frugal.

2. Recession helps people think about their finances. I hope that people can learn their lesson from a recession. If you are worried about recession, this is because your personal finance is not recession-proof enough. So you have to sit down and think properly what you should do to manage your money in a better way. At least you can prepare for the recession in future.

3. Low Interest Rate. In order to help the market, Federal Reserve has already cut down the interest rate several times. If you read my article Federal Reserve Interest Rate Cut and Your Personal Finance, you will know its effect on your money. At least, credit card and mortgage interest rates will drop and this is good news for a lot of people.

4. Inexpensive Stocks. For some investors, recession can be good news for them. Stock market drops badly during recession period. So investors will jump into the market and buy those low cost stocks. When the economy goes back to normal, the stock price will raise and they make money from this. This is a cycle of generating wealth.

5. Great Deals on the market. Just like stock market, many things in the market will be affected and drop in price. So if you are well prepared financially and have plenty of cash, you can get a lot of great deals on the market. Currently housing market is dropping. You can pay attention on it and you might find 1 or 2 good deals for your real estate portfolio.

6. Win your business competitors. I don’t really wish to say this but this is the time you can beat your business competitors and stand out the crowd. Many businesses are slow or even closed down during recession. So if you can do something to boost and maintain your business, you will win your competitors and stand out in the market.

Recession can be good or bad

Like most of the things in this world, recession can be good or bad. In fact, I heard before that recession or bad economy period is a time of wealth exchange. Some people will be poorer but some people are getting richer. This is all about your financial literacy and how well you prepare your finance for this tough time. finandom.com

Get to grips with your money

Whether your finances are a bit under the weather or fighting fit, it's always a good idea to keep track of your money. Do you know what's coming in, and where it all goes to? Would you be able to find money in a hurry if you had to – to pay an unexpected bill, for example?

Our two easy steps below can help you to take stock of your day-to-day finances and, once you know where you stand, follow our tips on how to make more of your money.

Step 1: Take stock

Find out where you stand by reading our tips on how to check what money you have coming in and work out where your money is going. Use our useful tools to help you.
Setting aside a few minutes a week is all it takes to review your finances. A good way to take stock is to make a budget – list everything that’s coming in and where it’s going. You can use our online Budget calculator to help you do this – either complete it online or print it off fill in by hand.

Have your recent bank statements and bills handy to help you fill it in accurately.
Tips to help you take stock of your money

• Don’t forget occasional items, such as birthdays, Christmas or other festive presents and holidays.

• Think about other things that you pay for once a year, such as car tax and insurance. It's helpful to put in a monthly amount for these, perhaps by estimating and dividing up the average that you'd spend during the year.

• Keep a spending diary – try writing down every penny you spend for a month.

• Check to see if there are any State benefits or tax credits you may be entitled to. Contact the Benefit Enquiry Line or look on the government's Directgov website – see Get more help.

• Make sure you review your budget regularly. If your circumstances change – for example, you get a pay rise or your bills increase – look at it again.

• If you haven’t got enough money to cover your expenses, see where you can make savings. Go to Step 2 for some ideas on where you might be able to do this.

• Once you have worked out your budget, think about your financial goals and when you want to reach them. Use our Financial healthcheck to help you.

Step 2: Take action
Once you know where you stand, take control and make your budget work for you.

Not much money left over?

If you find that you're regularly struggling to make ends meet, you will need to reduce your spending. Our tips below may help.

• Try cutting back on non-essential items. What could you do without to help you get back on track?

• Check the APR on your credit card or loans. This shows the overall cost of borrowing including interest and charges. See if you can shop around for a better deal.

• You may save money by switching services such as phones, electricity or gas to new suppliers. Try Energywatch, the gas and electricity watchdog's website – see Get more help. There are also various internet switching services or search engines you can use.

Getting into difficulties?

You may have the beginnings of a debt problem if you find yourself doing any of the following:

• Using credit to take out cash advances, pay bills or pay your mortgage repayments.
• Being tempted to take out a consolidation loan to reduce monthly payments on servicing your debts.
• Paying no more than the minimum payments due on your credit cards.
• Borrowing money without planning how you're going to pay it back.
Think carefully about borrowing more money to pay off existing debts. It could make things worse.

To find out whether you have – or are likely to have – problems with your borrowing, take our Debt test. It will also give you some tips to help you avoid debt problems or help you tackle your debts if you're in trouble.
In trouble?

If you're struggling with debt, try not to panic – you're not alone and expert help is available. Several organisations offer a free service, either face-to-face or by phone. They will help you set up a budget sheet, prioritise your debts and work out how you can live within your means – see Get more help.

Talk to the people you owe money to (for example, your utility suppliers) if you are having problems paying them back – they may be able to help you manage your repayments.

Whatever happens don't ignore the problem – help is available – see Get more help.
Making your budget work for you
Once you've got your budget sorted, it's time to get it working for you. Here are a few ways to get started.

Think about your financial priorities or goals. They could be:
• In the short term
o Paying off or reducing your debts.
o Saving up for furniture, a holiday, or a deposit for a home.
o Taking out insurance to protect your family or home if things go wrong.
• In the longer term
o Saving for your retirement.
If you need help identifying your priorities, our confidential, Financial healthcheck can help.

Do
1.Be straight with yourself about how much money you've got coming in and how much you spend
2.Review your budget if your circumstances change to make sure you’re living within your means
3.Find out if you're eligible for State benefits or tax credits and claim them
Don't
1. Put off dealing with your finances until tomorrow
2. Overstretch yourself by spending more than you can afford
3. Ignore the problem if you are struggling with debt – get specialist help now

Franchise Investing: Should You Be Looking at New Concepts?

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When starting your search for a franchise of your own, you will probably be overwhelmed with the number of choices there are. Today, 3,000+ different franchise companies are vying for your attention, and your investment. The opportunities in the world of franchise ownership include food related franchises, retail stores, business to business franchises, children’s related franchises, service sector opportunities, and many more.


In addition to the huge number of franchise opportunities available to you, you will find that some of the concepts are well established, some concepts will be fairly well established, and some will be new. Let’s look at a newer one.

I receive on average, 2-3 phone calls or emails a month from young franchise companies that would like me to help them find prospective franchise owners for their concepts. I am not sure what the expectations are from these enthusiastic franchisors when they contact me, but they are usually surprised by my lack of enthusiasm. “We just started franchising our pizza restaurant, and we have what we think to be, a winning formula for someone who wants a business of their own,” they say, with unbridled confidence. Little do they know that they have reached a truly dedicated franchise skeptic, who needs to be wowed with something, anything that will keep him engaged in this verbal or text conversation for more than 2 minutes. Saying “We only use the best ingredients for our freshly baked pizza pies” is just not going to cut it. Bring me something totally cutting edge. Like this. Pizza Fusion gets it. Read what they say about their concept:

“Born from a desire to make a difference, every detail of our operations is continuously evaluated from an environmental perspective in an effort to further minimize our ecological footprint. From delivering our food in company owned hybrid vehicles and offsetting 100% of our power consumption with the purchase of renewable wind energy certificates to building LEED certified restaurants, we are committed to being a leader in not only the pizza industry, but in a better quality of life. Through our spirited philosophy and principled leadership, Pizza Fusion will redefine the fast casual restaurant industry.”

I don’t really know how good Pizza Fusion is at replicating their model. I have not met them, seen their financials, or talked to their franchisees. They may have an amazing business model, or they may have an average business model, that just happens to use some popular buzzwords currently being thrown about in our society {hybrid, sustainable}, to help them sell franchises.

The point here is that on the surface at least, they get it. They have come up with a concept that is needed, I believe it is wanted, and on the surface looks like a young franchisor to watch. I have been watching them for a little while, and wrote about them on my main blog. Read

In future articles, I will discuss if it is in your best interest to invest in a young franchise concept.

One of the most important parts of investing in a franchise of your own is the research part. Most people that I talk to don’t really know how to research a franchise. I do. I wrote the book. “The Essential Steps To Researching a Franchise Opportunity”

Here is what the folks at Franchise Direct say about the book:

"Unlike any other franchise related book I have reviewed so far, this one will tell you all the things other people will NOT tell you about the pros and cons of investing in a franchise opportunity. Thus, this book sets out with one clear aim in mind- to explain how the franchise process works and to define it in an easy to read and direct writing style."

Aine from Franchise Direct

My suggestion of the week:

"Invest a little on a franchise book, before spending a lot on a franchise."
By Joel Libava allbusiness.com


Kiat Bisnis di Rumah oleh Ibu Rumah Tangga

Ada yang menarik dari artikel tentang wirausaha ala keahlian natural ibu yang saya kutip dari majalah ayah bunda dibawah ini.

Bahwa menjadi Ibu Rumah Tangga, tidak selalu harus menjadi inferior, tidak punya kebanggaan karena tidak berkarir di gedung-gedung pencakar langit di jalan Sudirman atau Kuningan, misalnya.


Menjadi Ibu Rumah Tangga sekaligus menjadi pemilik usaha rumahan bisa menjadi salahsatu alternatif sebagai bentuk aktualisasi diri di dalam komunitas sosial dan masyarakat.

Ada 3 kelebihan menjadi Ibu Rumah Tangga sekaligus menjadi pemilik usaha rumahan, yakni:

1. Usaha di rumah, memberikan banyak waktu memberikan perhatian terhadap perkembangan anak-anak.

2. Usaha di rumah, memberikan tambahan bagi pendapatan keuangan keluarga, bahkan bagi sebagaian orang menjadi sumber pendapatan keluarga yang utama.

3. Usaha di rumah, memberikan kesempatan sebuah usaha dapat berkembang menjadi sebuah perusahaan yang lebih terorganisir dan mapan, memberikan banyak waktu untuk bisa belajar berproses bagaimana mengembangkan usaha yang sedang dirintis. Karena pada umumnya usaha di rumah ini dapat dimulai dari modal yang kecil, biaya operasional yang lebih kecil, dan dapat dimulai saat ini juga.


Coba perhatikan apa yang dilakukan oleh Ibu Malna di http://www.nanaberas.com misalnya atau Ibu Nadia di http://www.bundainbiz.com
atau apa yang dilakukan oleh Ibu Roesmiyati di http://bakmipatriot17.com atau Ibu Yulia di http://moz5salon.blogspot.com/ juga oleh Ibu Desi Marwati di http://www.cikalmart.com

Jadi, Siapa takut berbisnis di Rumah!

Financial Advisors or Planners


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Planning to achieve your financial goals is a complicated job that can be made easier with the help of a qualified financial advisor or planner. For a fee generally based on the nature and complexity of the plan, financial planners assess the "big picture: of your financial situation and make financial planning recommendations that are right for your particular needs. Financial professionals can address budgeting, saving, taxes, investments, retirement, and insurance. The "big picture" approach distinguishes financial planners from other professionals, like estate attorneys or accountants, who focus on a particular financial area (e.g., taxes). A qualified financial planner can help you understand how each financial decision you make relates to other financial decisions. In general, financial planners and advisors will offer the following services:

*
A thorough examination of your financial history, including tax returns, debts, investments, retirement information, insurance policies, and wills.
*
Development, in consultation with you, of a written, personal financial plan. The plan may include ways to improve investment returns, recommendations for building up retirement funds, ways to reduce tax payments, and recommendations for insurance coverage. A good financial planner will make sure you understand the proposed plan and your options.
*
Implementation of your plan, if you’d like it. A financial planner may refer clients to specialists (e.g., lawyers, accountants, stockbrokers) to provide services they cannot, but the financial planner should disclose any referral fees he or she might receive.
*
Periodic reviews of your plan, including recommended changes when needed.

You may want to hire a financial planner to draw up a comprehensive financial plan, and then decide whether to implement the plan yourself or ask your financial planner to help you put your plan into action.



Savings Options


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The magic of compounding. If you could save just one dollar a day—less than the price of a cup of coffee in most convenience stores—and invest this money at 4 percent, compounded daily, here’s how it would grow:

The effects of compound interest are far more dramatic when your investments earn higher rates of return. The Rule of 72 is a useful tool to show how the rate of return affects investments. You can find out approximately how long it will take for your money to double by simply dividing 72 by the rate of return. For instance, at 6 percent, it will take 12 years to double your money (72 divided by 6 is 12 years). At 10 percent, your money may double in a little over 7 years.*

*Please keep in mind that this is just a rule of thumb. The Rule of 72 is based on a hypothetical illustration and does not represent performance of any specific product and therefore there is no assurance that investments would double within a specific time frame.

Savings vehicles tend to be lower-risk/lower-return options. Following is a quick guide to the most common savings vehicles:

Savings Accounts are a good place to store emergency funds and savings for short-term financial goals. Funds are readily accessible, and the Federal Deposit Insurance Corporation (FDIC) generally insures savings accounts up to $100,000. Their chief drawback is that interest rates tend to be low. The interest rate paid on a savings account is often less than the rate of inflation, so your money will not grow as fast as the rising price of goods and services. For this reason, savings accounts are usually inadequate to meet long-term goals.

Money Market Accounts are similar to savings accounts, but usually earn slightly higher interest and still allow easy access to your money. Some banks and financial institutions require an initial deposit of $1,000 or more and limit the number of withdrawals you can make during a given period of time. Bank money market accounts may also be FDIC insured up to $100,000. Money market mutual funds are issued by other financial institutions (e.g., stock brokerages) and are not FDIC insured and may lose value.

Certificates of Deposit (CDs) are generally FDIC-insured, and usually earn more interest than savings accounts with equally little risk, but with less liquidity. CDs provide higher interest rates in exchange for the agreement to keep your money in the CD for a fixed period of time, usually three months to five years. In general, longer term CDs have higher interest rates. Note that there is usually an interest penalty for taking money out before the end of the agreed-upon time period.

Retirement Savings Options


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Individual Retirement Arrangements (IRAs) are sometimes called "traditional IRAs." IRAs were established by Congress to encourage people to save for retirement by providing tax advantages. Qualifying individuals may contribute up to $5,000 annually to an IRA. If you’re aged 50 or over, you may make catch-up contributions of $1,000 beginning in 2006. Tax benefits vary depending on your income and whether you contribute to other tax-advantaged savings plans (e.g., a 401(k) plan). In addition to a possible tax deduction of IRA contributions, earnings in an IRA grow tax deferred until withdrawals begin. Your money must be designated as an IRA, in an approved account. You have a wide choice of investment options, including stocks, bonds, mutual funds, CDs. Funds in an IRA are considered long-term savings and, as with 401(k) plans, you may be subject to a 10 percent IRS penalty as well as to tax liability for premature withdrawals—generally before the age of 59 1⁄2. Consult a qualified financial or tax professional for more complete information.

Roth IRA. Contributions to a Roth IRA are made with after-tax dollars, but investments grow tax-free. Qualifying individuals may contribute up to $5,000 annually to an IRA. If you’re aged 50 or over, you may make catch-up contributions of $1,000. Roth IRAs have income limits. That is, you may not make contributions if your adjusted gross income is more than $110,000 (filing singly) or $160,000 (filing jointly). Investment options are the same as those in a traditional IRA. Unlike traditional IRAs, though, all contributions to a Roth IRA are made with after tax monies. However, if you meet the distribution requirements of the plan, withdrawals of both contributions and earnings are tax-free. If you don’t need the tax deduction you can get on a traditional IRA, a Roth IRA is probably a good choice if you qualify. Like traditional IRAs, early withdrawals may be taxed or may incur tax penalties. Consult a qualified financial or tax professional for more complete information.

401(k) Plans. If your employer offers a 401(k) plan, it may be one of the best retirement savings vehicles available to you. A 401(k) is a retirement savings plan to which you can contribute a certain percentage of your gross income, thereby reducing your current income for tax purposes. In addition, your employer may contribute matching funds to your 401(k) plan. Typically, 401(k) plans offer numerous investment choices, but you will need to choose from those your employer offers.

Earnings in a 401(k) grow tax-deferred. Income tax is due when the money is withdrawn, usually after retirement. If you with-draw money before you turn 59 1⁄2, however, you may also be subject to a 10 percent IRS penalty. While early withdrawals are generally not permitted, some 401(k) plans may permit withdrawals for "hardship" reasons, such as medical emergencies or college tuition. You do pay income tax on the amount withdrawn, and a 20 percent mandatory withholding generally is required from the distribution.

403(b) Plans are sometimes called TSAs or tax sheltered annuities, because tax sheltered annuities were, at one time, the only investment option for these plans. 403(b) plans are retirement plans for non-profit organizations that are very similar to 401(k) plans, and have investment options similar to 401(k) plans.

Keogh Plans are retirement plans for people who are self-employed. Usually, a maximum of 25 percent of net income (to a maximum of $46,000 as of 2008) can be contributed to these plans on a tax-deferred basis. Keoghs are more complicated than IRAs, 401(k)s, or 403(b)s, so it’s wise to get advice from a tax professional before setting up a Keogh Plan.

Annuities. Annuities are financial contracts issued by an insurance company. An annuity may be deferred or immediate. With a deferred annuity, you put money in, and over time it accrues income and earnings. The payout occurs at some later date when you may receive a steady stream of payments to supplement your income.

Immediate annuities are purchased with one lump sum payment and payouts usually begin immediately. You receive payments on a regular basis (e.g., monthly), giving you with a steady stream of income. Generally, you can choose to have the payouts guaranteed by the issuer for as long as you live, or choose from a number of other payment options.

Because insurance companies generally administer annuities, they can be set up to include life insurance benefits, such as a death benefit to a surviving spouse, which may or may not have an additional fee. Bear in mind that annuities can be a complicated investment. Before purchasing, discuss specifics with a qualified financial professional to make sure you understand all the options and make the best decisions to meet your financial needs.

Investment Options


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Once you’ve accumulated some savings, consider investments that may help your money grow over the long term. Look for investments that will earn enough to outpace the cost of living (i.e., inflation). For example, if an investment earns 4 percent interest and the rate of inflation is also 4 percent, your savings will not increase in value. Don’t forget, though, that investments with higher returns also carry greater risk.

Stocks
When you buy stocks—also called equities—you become part owner of a company. That is, you own a "share" of a company’s assets. If the company does well, you may receive dividends (i.e., a small portion of a company’s earnings usually paid at regular intervals) and/or be able to sell your stock at a profit. If the company does poorly, though, the stock price may fall and you could lose some or all of the money you invested. Stocks in general are higher risk than savings vehicles or bonds.

Bonds
When you purchase a bond, you are essentially loaning money to a corporation, the U.S. government, or a local government for a certain period of time—anywhere from a few months to 30 years. The issuing entity pays you a periodic rate of interest over the life of the bond, in addition to repaying the initial bond amount at the end of the term. Overall, bonds are considered a safer investment than stocks, because bondholders are paid before stockholders if a company becomes insolvent (i.e., unable to pay all of its debts). Independent agencies such as Standard & Poor’s and Moody’s rate bonds in the marketplace according to default risk. Examine the ratings of bonds before you buy.

It’s important to understand the relationship between interest rates and bonds. When interest rates go up, there is a risk that the market value of bonds will go down. If the market value of a bond you own goes down, and you want to sell before the bond’s maturity date, you may receive less than you originally paid for the bond and/or less than the maturity value of the bond. The interest rate of bonds, however, remains fixed. For example, if you try to resell a bond when interest rates in general are higher than the bond’s interest rate, your bond will not be attractive to buyers, and its market value will drop. Conversely, if your bond pays a higher interest rate than the bonds that are currently being sold, your bonds will be desirable to buyers and the price may go up. Types of bonds include:

U. S. Savings Bonds, Treasury Bills (or T-Bills) are sold by the federal government and are principal protected and not subject to interest rate risk.

Municipal bonds (often called munis), sold by states, cities, and other local governments, are generally exempt from federal taxes (i.e., you will pay no federal tax on the interest). Depending on the issuer, muni bonds may be exempt from state and local taxes as well.

Insured bonds generally pay lower interest rates, because a third party guarantees payment of interest and principal. Insured bonds have less risk of default.

Corporate bonds issued by companies, which may include the following types:

* Zero coupon bonds, similar to savings bonds, are bonds that do not pay interest during the life of the bond. You buy zero coupon bonds at a deep discount from their face value. Face value is the amount the bond will be worth when it “matures” or comes due. At maturity, you receive one lump sum equal to the initial investment plus interest that has accrued over the life of the bond.
* Convertible bonds, which can be converted into stock.
* High-yield bonds, commonly referred to as junk bonds, are issued by corporations or governments with low ratings. They have a higher risk of default.

Mutual Funds
A mutual fund is a pool of money, supplied by investors like you, that is invested in various securities such as stocks, bonds, money market instruments, or a combination of these investments. Every share of the mutual fund represents a proportion of ownership of the fund’s total assets (e.g., investments) as well as a proportion of the income those holdings generate. The share value of a mutual fund will go up and down as market conditions change, and investors may make or lose money.

Mutual funds are not FDIC-insured, even when they are sold through a bank. Typically, mutual funds have a professional manager or team of managers making day-to-day and minute-by-minute buy and sell decisions

By investing in mutual funds, you can diversify your investments and balance risk— but there are literally thousands of mutual funds and their relative risk varies widely. Note that mutual fund companies are required by law to provide you with a prospectus before you invest. A prospectus is a legal document providing detailed information about the mutual fund’s investment strategy, fee structure, and operations. Read it carefully before investing.

Mutual funds are sold by prospectus, which is available from your registered representative. Carefully consider investment objectives, risks, charges, and expenses before investing. For this and other information about any mutual fund investment, please obtain a prospectus and read it carefully before you invest. Investment return and principal value will fluctuate with changes in market conditions such that shares may be worth more or less than original cost when redeemed. Diversification cannot eliminate the risk of investment losses. Please note that mutual fund prospectuses or the contracts for various insurance products (such as those discussed in this material) may not be available in a language other than English. Please be sure that you understand any product before you purchase it.

The First Step: Establish a Spending Plan

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To get started, use the worksheet on the next page to formulate a monthly spending plan. Fill in the monthly dollar amounts for each item on the worksheet; then subtract your total expenditures from your total income. This is the amount you can save without making any changes in your spending habits. A recommended savings rate is 10 percent of your take-home pay. If your total from the worksheet is a negative number or is less than you would like to save, find areas where you can cut spending.

To find ways to save, look over your worksheet entries to see what you can do to reduce expenses. Perhaps you can rent videos rather than going to the movies; cut down on your dry cleaning bill; use coupons at the grocery store; join a carpool; or take your lunch to work rather than eating out. Over time, you may be able to find ways to save even more. You could, for example, buy a used car instead of a new one, or investigate the possibility of a lower mortgage rate if you own a home.

As you identify categories where you will reduce expenses, revise your worksheet to reflect the changes and see how the "bottom line" grows. Once you’ve determined how much you can save each month—no amount is too small—add a permanent "savings" category at the bottom of the worksheet, under "other."

Successful savers know that an important rule is: pay yourself first. Set aside savings as soon as you get your paycheck, before you have a chance to spend the money on anything else. It helps to have savings automatically deducted from your paycheck or checking account. But don’t get discouraged if an emergency cuts into your savings. Just get back on track the following month.

Building Financial Freedom


Financial Advisors or Planners
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Planning to achieve your financial goals is a complicated job that can be made easier with the help of a qualified financial advisor or planner. For a fee generally based on the nature and complexity of the plan, financial planners assess the "big picture: of your financial situation and make financial planning recommendations that are right for your particular needs. Financial professionals can address budgeting, saving, taxes, investments, retirement, and insurance. The "big picture" approach distinguishes financial planners from other professionals, like estate attorneys or accountants, who focus on a particular financial area (e.g., taxes). A qualified financial planner can help you understand how each financial decision you make relates to other financial decisions. In general, financial planners and advisors will offer the following services:

*
A thorough examination of your financial history, including tax returns, debts, investments, retirement information, insurance policies, and wills.
*
Development, in consultation with you, of a written, personal financial plan. The plan may include ways to improve investment returns, recommendations for building up retirement funds, ways to reduce tax payments, and recommendations for insurance coverage. A good financial planner will make sure you understand the proposed plan and your options.
*
Implementation of your plan, if you’d like it. A financial planner may refer clients to specialists (e.g., lawyers, accountants, stockbrokers) to provide services they cannot, but the financial planner should disclose any referral fees he or she might receive.
*
Periodic reviews of your plan, including recommended changes when needed.

You may want to hire a financial planner to draw up a comprehensive financial plan, and then decide whether to implement the plan yourself or ask your financial planner to help you put your plan into action.

Succes??

How Do You Spell Succes?

Simplicity-Boil it down to just one thing
Unexpectedness-Get Their attencion and keep it
Conctreteness-Hit your audience with a ton of bricks
Credibility-Earning the trust of stranggers
Emotional-Yank their heartstrings and keep pulling
Stories-Don’t takeit to do the dance unless you dress it up

How to Become Rich and Retire Young

The following is the story of how my wife Kim, my best friend Larry Clark and I, began our journey from broke, to rich, to retired in less than 10 years. When Kim and I started, we were nearly out of money and filled with doubt. We all have doubts. The difference is what we do with those doubts.
In December 1984, Kim, Larry and I were on a skiing holiday. At night we would discuss our plans for the future. Kim and I were on our last few dollars and Larry was in the process of building another business.

On New Years Day, we tried to set some goals. Larry wanted to do more than just set goals for the coming year, he wanted us to set goals that changed our lives. "Why don't we write a plan on how we can all become financially free?" he urged.

I had talked about it and dreamt about it. But the idea of being financially free was always in the future, not today.

"Let's write it down," Larry said. "Once we write it down, we have to do it, and we'll support each other on the journey."

Kim and I looked at each other doubtfully. "It's a good idea but I think I would rather just focus on surviving for the next year."

"Come on," said Larry. "Let's go for freedom. I don't want to spend my life working just to pay bills. I want to live. I want to be rich. I want to travel the world while I'm young enough to enjoy it."

I recalled the words of my rich dad: "The biggest challenge you have is your own self-doubt and your laziness. It is your self-doubt and your laziness that define and limit who you are. It is your self-doubt and laziness that deny you the life you want."

It was time to choose. "OK, let's set the goal to be financially free." That was New Year's Day 1985. In 1994 Kim and I were free. Larry went on to build his company, which became one of Inc. Magazine's fastest growing companies of the Year in 1996. Larry retired in 1998 at the age of 46 after selling his company.
How did we do it?

It's not about how we did it. It's about why we did it. From 1985 to 1994, Kim, Larry, and I focused on rich dad's three paths to great wealth:

* Increasing business skills
* Increasing money management skills
* Increasing investment skills

The why is because I wanted to challenge my own self-doubts, my laziness and my past. It was the why that gave us the power to do the how.

My arguments against Larry's idea were things like: "But we don't have any money"; "I can't do that"; "I'll think about it next year, or once Kim and I get settled".

Rich dad had told me: "Whenever someone says something like 'I can't afford it', or 'I can't do it' to something they want, they have a big problem. Why in the world would someone say 'I can't afford it' or 'I can't do it' to something they want? Why would someone deny themselves the things they want? It makes no logical sense."

My own whys

* I was fed up with being broke and always struggling for money.

* I was tired of being average.

* My parents had struggled under a mountain of bills.

* Most painful of all, my beautiful wife Kim was in this financial mess because she loved me.

Things got worse for us before they got better. Kim and I lived in a car for about three weeks after our money ran out. So things did not get better just because we made the decision to retire rich, but it was the reasons why that kept us going.

Rich dad used to say: "If you want something, be passionate. Passion gives energy to your life." Passion is a combination of love and hate. "If you want something you do not have, find out why you love what you want and why you hate not having what you want. When you combine those two thoughts, you will find the energy to go get anything you want."

For example, I would create the following list:

LOVE

* Being rich
* Being free
* Buying anything I want
* Expensive things
* Having other people do what I don't want to do

HATE

* Being poor
* Being required to work
* Not having what I want
* Cheap things
* Doing things I don't want to do

So sit quietly to find and define your loves and hates. Then write down your whys. Write down your dreams, goals and plans on becoming financially free, retiring early and retiring as young as possible. Once it is in writing, you may want to show it to a friend who will support you in achieving your dreams.

Take a look at this paper with your dreams, goals and plans on a regular basis. Talk about it often, ask for support, be willing to continually learn, and before you know it, things will begin to happen.

I have heard many people say: "Money doesn't buy happiness." That statement has some truth to it. But what money does do is buy me the time to do what I love and pay other people to do what I hate doing.

© Robert Kiyosaki, 2001

Excerpted from Retire Young, Retire Rich
___________
Born and raised in Hawaii, Robert Kiyosaki is fourth-generation Japanese-American investor, businessman and best-selling author. His book, Rich Dad Poor Dad, the #1 New York Times bestseller, reveals what the rich teach their kids about money that the poor and middle class do not. Robert has appeared on Oprah and other top national TV and radio shows. Robert has a profound message for those wanting to improve their financial lives. That message is: "With every dollar in your hand, you have the power to choose to be rich, poor or middle class." For more information, visit his web site.


To All Internet Acces In The World

Hallo All...??

I hope anyone find my dream blog. This blog to posting my destination of life. I sure everybody hoping to be a MILLIONER...RICH! Me too... You too...All want to become rich...MILLIONER!

But, just little people can building mountain money. 90 percent money in the world just to 10 percent people, and 10 percent money for 90 percent people in the world! By the way 90 percent people must hard work to make money or to beautiful life.

capitalis say's three way to become rich. Married with rich ladi, Business, and investation. All its no way for me! I try and try to do it... But rich dont come to me.
So, WHAT CAN I DO TO BE A MILLIONER...?

Thanks Guy for your solution.....