You Can Always Have More

In case of deficit, there's always two ways out. The first way is by reducing expenditure or make savings, and the second way is by increasing their income. Or if both are done at the same time will be better.

Frugality is an effective way in the short term. But there are also economical limits, after all these price increases seem to not just once. So the solution is more appropriate for the long term is to increase revenue.

Adding income not just mean asking for a raise to the boss, or find a new job that more promising. It can indeed be done, but is not always succeed in every person. If you increase revenue from existing sources is felt to be difficult, then inevitably you have to find another source of income as an extra.

Basically, there are many sources to generate revenue. And the most popular right now is to divide the sources of income into 4 groups. That source of income that comes from working as an employee, an Independent worker, Business Owner, or as an investor. Usually the source of income is divided into quadrants (four fields) and popularly known as cash flow quadrant.

Working For Employees
It is a source of income of the most popular and widely performed by most of our society. That is, employees who work either in factories, companies, governments, and small businesses. An employee earning a salary from her job a number of fixed and definite. This is for some people a major factor in choosing the path to employees as a source of income. In addition, employee also can get the security and guarantee the future. For example, with the guarantee of health insurance and pension benefits. Normally an employee has a fixed working hours every day, except for factory employees who have shift schedules. So it's hard to be able to make the employee as additional income if it is now already working as employees at other companies. But if now you are not an employee, it never hurts to be an employee as a side job and earn extra income in the form of monthly salary.

Independent Workers
Not everyone can become self-employed. Because there is an absolute requirement to be self-employed, which is a special skill. Due to become self-employed is to sell your expertise to others in freelance. Examples of self-employed worker is a doctor who opened the practice in his home, lawyers who accept the task of assisting his clients, a tailor who receive orders or catering customers. A self-employed do not get a monthly salary as well as employees, but receive honorary or fees directly from consumers for services he did. If you have special expertise that can be relied upon, then becomes self-employed seem to be used as a source of additional income. Perhaps in addition to working as an employee right now, you can also continue to receive cake orders or stitching outside office hours. Or perhaps receive an electronic appliance repair calls in the evenings or holidays so as not to interfere with the main job.

Business Owners
If the employee is the most popular profession and many people do, then became owner of the business is a profession that most people want, regardless of profession today. Believe it or not, a survey has shown that the majority of respondents say they want to become entrepreneurs even though they were at that time mostly worked as a private sector employee or civil servant. What is meant by becoming business owners are relying on income primarily from the results of operations or dividend in the form of Prive, instead of monthly salary. If you're still a leader in your own company and receive a regular salary every month, that means you still can be regarded as employees. Although you are the owner of the business, but your earnings are not as employees but as a business owner. Business owners that I mean here is someone who is the source of his income from the business he had, not from the work he does. Typically, business owners can have a lot of spare time because he only needs to control business at any time. He still had plenty of spare time to earn extra income in other ways such as working as an employee elsewhere or sell the expertise they have. Or if you present this as an employee and confusion of how to develop fund-owned banks can not promise while optimal results. You could open a shop or investing on someone to open a business, then you live control and enjoy the benefits only. Open employment and increase family income.

Investors
The three sources of income in the beginning was requiring a lot of physical activity. Employees "sell" at his monthly salary, as well as self-employed are even more flexible but still rely on physical activity to earn income. While business owners are usually also have to work first at the beginning before it can submit its business management to others. But different investors, more investors are relying on capital strength and strategies in managing and developing its own funds. Investors receive no income from the monthly salary, the client who hired his services, or consumers who buy merchandise. He got his money from developing its own funds in the form of interest, profit sharing, capital gains and so forth. Investing is a source of additional revenue that could be done by anyone as long as there is money in his hand. Because investing not take a lot of time and can be done while working. While the problem of skill set strategy can be done by the experts who are paid on the profits or based on assets under management.

But the question now is, can someone have all fourth source of income at the same time?
The answer, why not? As an employee who currently rely on their salaries, you can only sell their expertise outside of office hours, and set aside part of your income for this to open a business and invest. This way you can have 4 sources of income as well.

What skills can you sell, what business is right for you, where profitable investment. Thats later. The important thing now is do not close yourself to the possibility of having a variety of income sources (multi-source of income).

Do not be quickly satisfied and stop trying just because you was able to work while still many people who are unemployed, because work could not guarantee their daily lives. Do not be too quickly satisfied and stop trying just because it can have a business that not many people can do it, because business can sometimes go up and vice versa can also be dropped. And do not be too quickly satisfied just because having investments everywhere, because is not always safe and profitable.

However own as many sources of income. Because if that one down, you can still rely on the other. If that one fails, there are still reserves to cover it. If you can have four sources of income at a time, why have one?

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11:12 PM | 0 comments

Dealing With Compulsory Donation

We often do not realize or even forget about next week, or next month, principally in the not too distant future, we must contribute or take part of our wealth to be donated. And do not forget, as long as we live, donations related to the religion that we profess, whatever its form, whether it be donations in money, goods will continue over and over and over and over again.

Fuss, although we know the moments like that always repeats itself,  we often forget that when it is time we pay our obligations, the money isn't there. What to do?

What we should do so we do not forget? My answer is simple, there does forget. But there are some things you can do so even if you forget it, you can still contribute. What is it? Here goes:

Often see the calendar for the next 3 months.
Yes. With often to see the calendar, then you know when and what contributes you should do, at least for 3 months. For example, the end of February I have to contribute to this, mid-March donate it, and so on. Thus, this means you have the opportunity to prepare the expenditure for these contributions from far-away days.

Opt out of income.
If you prepare donations from far-away days, then you can do this by setting aside of income you and your husband can each month. This way usually will benefit you because it is tantamount to installments of long ago. Especially if your donation expenditure which is compulsory is not done every month. With the installment plan, your burden to donate so was light. Right?

Separate the Special Account.
If you mix that will confuse the money to be paid for the donation with your daily fund, well can be sure the money was going to be used as its mixed up.

Then what? Do you need to have a special account designated for the preparation of a donation like this? If you want to have a special account its alright. But if its not in the form of a special account is also okay. Most importantly, separate the money from your everyday money. Well, hopefully with 3 tips above, I hope there are no more stories that you can not donate. Moreover, if a donation is act as your savings later in the hereafter.

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11:11 PM | 0 comments

Trouble-free In Crisis

Our financial problems lies in one fact that is not enough income we earn. And the right answer to fix it is make it enough. Most of us would say looking for an additional income is a way out. I can not blame such a presumption. But whether the extra income is always a solution? Though admittedly earning money from outside is not easy. Even sometimes sacrifices must be made not in balance with the results obtained. Not to mention not everyone can do it. Therefore, before deciding to try to seek additional income from outside, perhaps improvement can be done in advance. Cause is a futile if we increase the income but no change in the pattern of use. Because you can be assured financial problems are not depends on how much we get but how to use it.

Evaluation of the use of Funds
The first step to stabilize the finances is to make an evaluation of our finances. Try to do the recording any expenditure this month that the family has done to meet all needs. A family had done consulting to manage the monthly expenses that he is always on top of the set targets. After an evaluation jointly, it is known that the cost of family expenditure always exceeded the budget each month. This happens because at the time of shopping, the family always did it together and always spend more money for a breakfast event that was not previously budgeted. The problem is these funds are always taken from the budget so that spending money always exceeds the target.

Therefore, from now separate the main expenditure with the expenditure that following. Thus you will know how large the family of real expenditure per month.

Create a spending priority
Remove that must be removed, and hold to that yet needed. Sometimes we feel have been trying to remove only the necessary, and has left the desired. But when asked what criteria need and want? how to distinguish? may not all be answered with certainty. Need is the expenditure that must be done, and wants are expenditures that can still be postponed. So with this simple definition we should be able to make it clear what the priorities in family expenditure. Try to ask yourself when spending money.

"Is this expenditure can be postponed? what's the impact if delayed? "

if the answer is not delayed or if postponed the negative effects will result in higher, then it is a necessity. But when the question was answered in yourself that even delayed is not a problem, or if delayed no negative effects are too large, then it is a desire. Currently, communication is a necessity. And buying credit is required. If the postponement buy credits would be fatal to you and your family for example would disrupt the family business, then buy credits is required. but if the delay buy credits only result you could not contact the peer social gathering or colleagues you hung out, then it is a desire.

Damping undetectable spending
One of the failures in the family finances is the occurrence of waste. A family never consulted about it. Expenditure has been budgeted for all, and in black and white there are excess funds detected. but why at the end of the month the money always runs out even less? Although I knew that we could have track it one by one, but I think it would be boring. So why do not we change the pattern. I suggested to the family was to add one thing they've never done before, namely to save their surplus funds. Every beginning of the month, after the count and make a budget, these families usually leave their surplus funds in the savings as a fund unexpected. So from now on after consultation, they have to put excess funds in the form of productive goods, in this case, the family agreed to buy gold coins. What happened? after the consultation session, each month the family can always buy gold coins and always be on the increase in number each month. How to fund unexpected? I suggest using a credit card for this. But of course with the consequences must be paid after the bill. Funds? from selling gold. But for some reason until now had never used the card.

Sometimes consciously or not, if we're leaving money on something unexpected, the unexpected things can happen. Therefore do not expect to happen, separate the excess funds in advance, so is not to be unexpected expenses, and not detectable.

Finish from the outside
Above we have discussed how we must act from within to face the possibility of rising prices. Now it's time to get it done from outside. Because of family financial basically depends on two aspects that affect how a person is setting up and manage their money and from the outside that is how someone organize and manage all the temptations and the bid that could affect the overall family finances.

Avoiding New Debt
If not forced, avoid to form a new debt especially if the debt is consumer debt. Remember your current spending will continue to rise, and indeed seems additional outside funding is one way that can be applied. But debt is not additional funding but the additional obligation that inevitably we must complete. Especially with the rising prices, will possibly increase the loan rate also becomes your obligation.

Discounts are not always the answer
When it comes to discounts, usually we assume it with rescuers. Imagine when all the prices are high, there are those who want a low price.

But if I may give suggestions on releasing funds, the most important thing is not how much you spend, but for what you are spending. Rather than spend a little money for items not needed or even stuff that just makes you more consumptive; maybe better to buy goods at a price slightly more expensive but we really need.

Avoiding Investment Speculation
One more thing to be avoided is a speculative investment. With the increasingly difficult economic circumstances, the more people who offer alternative solutions should be one of them from the side of investment. At that moments, usually the type of investment that provides maximum results are considered as a way out. But if we do not understand and master it, do not ever go in it.

Create protection
One way to make savings and help finance is to move the costs that may occur to other parties. And it can be done by insurers. When we first used to solve all problems through private money, maybe it's time you gave a big problem to the insurance company. Health costs, vehicle repair and protection of the home, as a beginning step. Remember that with rising fuel costs then automatically other costs also rose, including health, improvement and development.

Trying to increase revenue
Finally, there is no way other than trying to supplement income. Start trying to multiply the potential of self, recognize the environmental conditions and always looking for alternatives is one way to earn extra income. No need to be big, but make it into a routine. So among all the costs go up before, there is little additional income on our investment.

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6:38 PM | 0 comments

Make Money From Hobby

It is not the time to rely salary and company work, because the high risk of layoffs that causes you to lose your job. If you have a crazy hobby, why not try to get extra income from the hobby. Rather than constantly blamed as one source of waste, let us pursue our hobby to become a money machine.

People madness with hobby practiced, can easily encounter in everyday life. For example, someone who like hunting antiques can spend a lot of time, energy and even money to hundreds of millions of dollars of other people considered as useless. Compare this with the behavior of people who are hobby with birds or fish?

It might seem absurd to anyone else. Hobbies arguably as a fulfillment of an inner need to escape from the boredom and fatigue because of the daily routine of earning a living. Because of its reason, which happens in about a hobby is an infinite pleasure. When hobby brought into the business area, the calculation of income, business feasibility, opportunities and so forth are also taken into consideration but instinc more dominant. The phrase is often heard, no problem fortunately or maimed an important hobby!

Working With Glad Heart
But that's why the business that started from a hobby is often successful. Where one of the keys to start a successful business is to work with pleasure, as if we're working on a hobby to the point of forgetting time and tireless. To be sure there is sincerity both in starting a business to develop it and do something with the foundation of love, not compulsion for us to work for the best results and full sincerity.

No wonder so many people start a business from hobby is because the craze. Shadow earning big by doing work that favored indeed be the desire of many people. Because usually people are doing the best for the activities he likes, so do not be surprised if the results are also maximum. Hobbies are done with the original purpose of releasing stress, and even make money of course be a very pleasant bonus.

Hobbies Being First Step Change Business
One thing that is serious in doing business is to make the first move. Nevertheless, the first step nonetheless do so. Isn't the big things originated from a small, and a thousand steps, is not possible without the first step. What should be done so that our hobby can make money, here's how:

Spend more time to pursue your hobbies, and produce the work with better quality and more quantity. "Practice makes perfect" by continuing to practice then we will produce better work. The result of a quality of work certainly increased resale value, especially when many people who pursue the same hobby, of course, your product should have more value than similar products. At least your work is able to compete in the market. The problem is when the hobby is usually done at spare time when if it eventually becomes routine, then the enthusiast tends to be lazy to do it.

This naturally does happen, but that's a consequence of changes in the hobby into a business. So that you are not tormented in the process of this change, then do it slowly or gradually, do not force yourself to spend far more time, but just a little more from time to time. For example if you usually have to make the work once a month, then do not force yourself to make the work once a week. Increase productivity to two times a month, then if you're comfortable with the rhythm of the new work, please do not hesitate to increase the productivity level higher.

Add a hold of your knowledge, either through courses, seminars, or training related to your hobby. Usually in the course you will get a kind of certificate which will be to raise the prestige and trust of customers, so as to increase the marketability of your work. In addition to the courses there are a lot cheaper way to increase your knowledge, through books, magazines, internet and various other information media.

Learn directly from people who are experts or have successfully run a hobby. Getting a mentor or associate with people who have the same hobby can also be the best way how to produce works that best-quality and competitive in terms of price too. Because the most important from a hobby that became a business is whether people want to buy the work you produce, and how many people would pay for it. Well, from those who are already successful in the hobby business you can get information on how to run a business successfully. Moreover, by associating with them, the work and your skills are always measured by people who are competent in their field.

Also located in the neighborhood who have similar interests will also increase your motivation in doing business. If there are clubs in your hobby, try to join and actively. Some hobbies have clubs to accommodate the people who enjoyed the same hobbies. There are many benefits that can you gain by following associations, among other things: get the latest developments as well as information about your hobbies that might be exploited in the search for opportunities, increasing the chances of getting potential customers, get free promotion for your business, expand the network.

Offer your work from one store to another, from one person to another. Of course, you are expected not easily discouraged if you offer products on the decline. and also, do not be shy. From experience it is known, the people closest could be the beginning consumer. In this way, can also help overcome the difficulties of financial capital, because they could be asked to pay upfront, before the goods are made or delivered.

In the end all went back to the choices each of us, because not everyone is fortunate to have a hobby, or have a hobby that has the potential to make money. Many people have a delayed opening the business because  still confused determine areas of business interest. But that does not mean if you do not have a hobby, then closed the possibility of opening a business, because many other sources of business ideas you can do.

The key is whatever you choose, love it! By doing jobs that are loved, you like to have as a hobby. Conversely there are many people who already have a hobby, but not interested in turning it into a business that makes money. I hope this writing add your insight to the opportunities and potential business from a hobby.

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6:37 PM | 0 comments