Earn and Invest Money

13 Ways to Earn Money Fast

Fri, 30 Jul 2010 21:32:00 +0000

13 ways to earn money FastI read and article which I think will help you earn cash fast aside from your regular job. All of us need cash for emergency or other purposes. I read it from www.ivillage.com1.0 Have a garage sale. You can post fliers or tell your neighbors or friends that you have things in your stock room which you do not need anymore. All you have to do arrange them like you are in the store in front of your home or nearby street.2.0 Sell on eBay. Books, CDs, electronic gadget, computers, clothes, exercise equipment or other vintage thing that you have. You can sell anything in eBay and even if they cost are small if filed up money can add up.3.0 Consignment. You can do this in the department store which in fact they are doing. If you have fancy dress which you are not using then apply this strategy. Most of the displays in the department stores are in consignment.4.0 Perform Household Services. You can earn some money informally by letting friends, family; church members and others in your community know that you're available to clean their houses or apartments, or to take in ironing. If you find you have a knack and stamina for cleaning quickly and thoroughly, you can turn this into a regular, reliable way to earn extra money every month.5.0 Have a Bake Sale. You have a talent in baking? If you have then do this and invite your friends and neighbors to taste it, I men to buy it. If they know that you doing this like every Saturday morning then they will remember to buy your bake on that certain day and it might be a recurring source of income to you.6.0 Sell home grown fruits and vegetables. If you have an orchard and garden and they produce fruits and vegetables that you can’t consume then why not sell them in the market or to your neighbors? Just present them in appealing way.7.0 Have Family Car wash. This is fun and you can earn money too.8.0 Do gardening services. Mowing lawn is a good summer job for the kids who are out of school.9.0 Provide man with van services. This is good for people who want to move out their belongings like furniture. You can advertise it in your local news paper because it is cheaper then the other ads. 10.0 Get a paper route. This is a boy job with a bike but you can do this if you do and earn extra income. Be sure to sleep early so that you can deliver these newspapers before your children awake.11.0 Dog walk and pet sit. Owners are always looking for reliable pet-care services. Plus, if you stay home with your kids during the day, a regular dog-walking gig is a great way to get everyone out of the house for some fresh air and earn extra money. Put the word out at pounds, the ASPCA, the local veterinarian's and dog runs. Be prepared to provide references from anyone you've ever sat for before. Learn how you can also turn pet sitting into a home business.12.0 Baby Sit. This is common to a place where both parent are busy with their jobs.13.0 Rent out a room in your house. If you are living near a school then rent out some of your rooms but of course you have to tell the members of your family so that they can adjust with the new members of the family. Student who is between 16 to 23 years is a good renter. These are the ways to earn money fast.[...]

Cash Flow in Earning and Investing

Fri, 23 Jul 2010 19:58:00 +0000

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Before we could earn and invest we should know what is Cash Flow and how important it is. Actually we are doing it in our daily lives but we are not aware or don't mind about it. Here is the basic about cash flow, every month for an employee, he receives his salary and bring it home to his family and his wife will have to budget it like the payment for electric bill, water bill, loan mortgage, telephone bill, tuition for the children, foods and etc. Here we can see that the cash flow is the movement of the money from the time it is received by the husband to the budgeting by the wife and spending it.

Now it is a vicious circle process in almost all people and it can be compared to rat race too. You received the money and spent it and back to zero again after the last day of the month. If you have this kind of situation would you be happy and proud? Of course not but this is life as what we see around to employed people. But what about the jobless and the poor? Well they are worse if not worst. To understand about earning and investing money we should be aware about cash flow and manage it to our advantage. We should start learning and understand why we have this problem. Basically before you could have this problem did you do your homework? Family planning is very important. You could have avoided some of your problem if you did what you should do.

Many Gurus are suggesting that you should budget but what if your money is not enough after so many deductions and payments of the monthly and daily expenses? My advice is to save 10% of your gross salary. Take that 10% before any deduction, they call it "pay your self first". If you will do this you will be forced to ignore other expenses which are not important. You will realized that some of your vices are not really important like smoking, drinking and even drinking coffee during the break. you can bring a mug of coffee from home if you want it and it is cheaper. Avoid eating outside your kitchen, I mean don't eat in the restaurant, Katrine Hepburn is known for this thing and guess she accumulated $20 millions before she died.

After you master this simple formula, you invest your hard earn money to any small business that you plan to have. Investing in mutual fund or stock market is not advisable because it is not enough yet to do so but if you do not have time to do business then invest it but no time is not a good excuse. If you do business after you learned what is cash flow then you will understand how the money is moving and because of this you will also be able to predict the health of your business. It is really very important to learn about cash flow to monitor your business. It is the best way to manage money in the business and even in our daily lives.(image)

Richest People in the Philippines 2010

Mon, 12 Jul 2010 20:44:00 +0000

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I always write about rich people in the Philippines. Before I wrote about the top ten richest people in the Philippines but my blog which I posted all those article was gone due to spam which I did not do. Henry Sy still the richest Filipino today with $5 million dollars from his SM empire. The Philippines richest is up by an impressive 39% and grew from $16.4 billion to $22.8 billion. The Philippines economy grew by 7.3% in the first quarter and almost all of the richest double or gain a lot from their investment. I think only Manny Villar is the biggest loser because he spent millions of money this last election but lost. Poor Villar, because of scandal he lost his ultimate dream.

Here is the complete list of richest top 40 people in the Philippines:

1.0 Henry Sy
2.0 Lucio Tan
3.0 John Gokongwei Jr.
4.0 Jaime Zobel de Ayala
5.0 Andrew Tan
6.0 Tony Tan Caktiong
7.0 Enrique Razon Jr.
8.0 Beatrice Campos
9.0 George Ty
10.0 Eduardo Cojuangco Jr.
11.0 Inigo & Mercedes Zobel
12.0 David Consunji
13.0 Emilio Yap
14.0 Andrew Gotianun
15.0 Vivian Que Azcona
16.0 Oscar Lopez
17.0 Manuel Villar
18.0 Jon Ramon Aboitiz
19.0 Mariano Tan
20.0 Robert Coyiuto Jr.
21.0 Roberto Ongpin
22.0 Alfonso Yuchengco
23.0 Betty Ang
24.0 Enrique Aboitiz
25.0 Gilberto Duavit
26.0 Menardo Jimenez
27.0 Felipe Gozon
28.0 Alfredo Ramos
29.0 Manuel Zamora Jr.
30.0 Wilfred Uytengsu Jr.
31.0 Benjamin Romualdez
32.0 Wilfredo Keng
33.0 Tomas Alcantara
34.0 Bienvenido Tantoco Sr.
35.0 Frederick Dy
36.0 Eugenio Lopez III
37.0 Lourdes Montinola
38.0 Luis Virata
39.0 Jesus Tambunting
40.0 Philip Ang

These are the richest people in the Philippines this year 2010 as of first quarter. Forbes Magazine rank them using their credentials. I will write about their profile to understand on how they acquired their money through business.(image)

Top Ten Money Saving Tips

Sun, 11 Jul 2010 12:11:00 +0000

After earning you have to save before you could invest. Our topic today is about saving money. Here are the top ten Money Saving Tips that you should remember in order to accumulate money fast:•Tip 1 - Spend Less. This is not over simplifying the best way to save money! It is essential if you are serious about being a long term money saver and being able to save money every day. Review what you spend and look at ways you can save money. Consider making telephone calls for instance only at off-peak times. Do you really need to have newspapers and magazines delivered? Can you do without those coffees you buy at break time everyday - would a flask of coffee taken to work save you money? What about using the public lending library instead of buying books or music CDs? Once you start looking for little ways to save money and spend less you will quickly become an expert and really save money. •Tip 2 - Establish a personal budget. This is essential for families and individuals and can be the fastest way to save money. You will instantly see your incomings and outgoings once you create your budget. You will not be able to save money unless you know how much money you have coming in, and how much money you have going out. Once you have prepared a budget of incoming money and outgoing money, you WILL be able to identify areas where you can save. It is MUCH more difficult to save money over a long period of time (the rest of your life?) without a budget. •Tip 3 - Bulk is good. Think about shopping and buying in bulk. Save money grocery shopping by planning meals in advance and bulk-buying. You can also save money by cooking in bulk. This is a real way you can save money with little preparation and almost no extra outlay. Always purchase generics when you can. Prepared foods and convenience foods will always be much more expensive than the generic ingredients needed to make the food. Preparing food in bulk and in advance also gives you the opportunity to plan ahead and be more accurate in your budget. Save Money by buying in bulk whenever you can. One thing to be aware of when buying in bulk is to be sure that any product you buy will get used before it goes bad - you won't save money if you have to throw stuff away. Buying in bulk is not only a good way to save money it is also a good strategy for coping with and surviving emergencies. •Tip 4 - Make sure a sale is a sale. By this I mean do your price research before you commit to making an expensive purchase in a retailers money-off sale. You have to be sure the sale really is a sale and not a creative marketing strategy of the store to encourage you to spend your money without thinking. Once you have researched the true price of a product (any product) you are in a good position to take advantage of a sale, special offer or discount and really save money. "Buy one get one free", "50% off", and "Huge Discount" will only help you save money if the actual price you pay is lower than you would pay somewhere else for exactly the same product. •Tip 5 - Buy used. Sure, we all like to buy new. But there are huge money savings to be made in buying used. Typically cars lose one-third of their value in the first 24 months from new. Why not buy a car 24 months old? Other items such as clothes can be worth even less just the day after new. Look for ways to buy "as good as new" items and save money. Typical products you might consider buying used to save money include: cars, clothes, electrical goods, garden items... tools and sheds, household items... pots and pans, the list of used goods where you can save money is endless. •Tip 6 - Don't carry excessive debt. Some debt in our lives may be essential. We may need a mortgage to purchase a home, we may need to use our credit card to make purchases until pay-day, but your aim to save money should be to have as little debt as possible. Credit Card deb is typically the most expensive debt we may carry. You will be able to save money every month if you mak[...]

Lessons from Billionaire College Entrepreneurs

Fri, 09 Jul 2010 20:36:00 +0000

Many people think that becoming rich or billionaire is by accident, but I tell you this is not the case. According to these rich people they have already a vision on what their life will be and work hard and smart to gain it. We heard about the life of Bill Gates, Mark Zuckerberg the owner of Facebook and other billionaire guys in this planet, they all agreed with what I said. Entrepreneurship is of course about earning and investing money. Let us make this article bigger than what we usually wrote here. First Lesson Is to find a need and fill it. It is a simple thing to think but most of us afraid to try and explore the unknown and afraid to fail so that is why we don’t dare to try it. If you have an idea try it and it might be the vehicle to become rich. But don’t you wonder that there are already same businesses that exist but still some people were successful doing the same? Some of these are fast foods like KFC, McDonalds and Pizza Huts to name a few. It is because they modernized or they imitated the existing business but they add more to it like for example they lower the price with good service or they made their food more delicious and so on. This is what we call entrepreneurship. In my country, chicken roast already exists but right now there is a stall anywhere in the country with a name selling roasted chicken and it prospers because the owner modernized the concept of selling roasted Chicken. Bottom line is innovation. Earning your money through right ideas will make you rich faster and investing will follow by placing it in the stock market. Second Lesson Think Outside the School. Dell computer businessman Michael Dell is one of the best examples of this lesson. He was studying Pre-med course but interested in computers so he did it part time. I had this feeling too before but lost my momentum because I was misguided. Just joking! There are times that you feel selling or doing something which is not related to your studies, don’t close this door because who knows this will be your ticket to richness. I have many friends who studied engineering but end up selling live stocks and they are richer than me today, another friend of mine who is an engineer by profession but he end up in real estate and he is now a millionaire. You can never tell so think outside the school and develop your hobby. Third Lesson Use your School Projects for Larger Goals. When I was in college we have a project study not thesis my friend remember? In it we did a project study which I think is the climax in every courses because you have to pull out all of the resources and gain knowledge that you have. My project was about telephone booth using a coin and that was in 1991 though I knew that our national telecommunication company was using the three 25 cent coins I improvised it using the one bigger coin and guess what after two years the telephone company use it. I am not saying that they pirated my idea but the point remain, it is really possible or important that when you are in college you should do things that will lead to future after you are gone in school. School is always be a stepping board of what you should do when you are in the jungle out there in the city looking for a job. Larry Page and Sergey Brin are two individuals who dare to do it, without them there will no free search engine like Google today.Fourth Lesson Don’t Let the School Get in the Way. The best example of this one is no other than Bill Gates. I researched about him and he was a drop-out from school studying law but managed to become one of the billionaires in the world. School was not meant for him. Well there is no need to explain about his life here. He is the founder of Windows the most used Operating System today. Follow your desire and ideas and make it big. Don’t worry about school because it is always there waiting for you, it will not run as the saying goes. My advice is to follow your passion and let the school be the aid in o[...]

The story of low rate debt consolidation

Wed, 16 Jun 2010 18:18:00 +0000

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Getting trapped in debt is like getting lost in a maze, with no way out. Once you are a victim of high interest loan, you keep on continuing to take out new loans to repay the old ones. Often it is quite difficult to keep close track of so many different loans under your name and this many end up on bankruptcy. Hence you must try to repay your loans rather than declaring yourself bankrupt.

One way of avoiding bankruptcy is by availing low rate debt consolidation Denver companies offer. These Low rate debt consolidation Denver companies offer help you closely monitor your debt. You can also consolidate your debt with low rate debt consolidation.

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Debt consolidation Denver companies offer is basically taking out a new loan to replace the ones you have already existing. The main aim of the low rate debt consolidation is to cut down the interest burden on you. The interest rate on debt consolidation loan is a lot lower than the existing loans rate and credit card dues. Reduced rate of interest can help discharge from the loan obligation you already have. Low rate debt consolidation is also advantageous in a way that you have to repay your loan just to one creditor that is much easier than keeping track of multiple loans.

Low interest debt consolidation surely can bring sanity to your life again. Low cost debt consolidation means that you have a lot more cash in your pocket. For people who have a history of bad credit, low rate services of debt consolidation Denver are available. This can sweep away the piles of repayment to your credit and loans, store cards, etc and can replace them with a low cost monthly payment, one which is calculated to be well within your means. Debt consolidation at a low rate can assist you to pay off your debt a lot sooner. By consolidating your debt you can reduce your payments simply by attaining a lower rate. You can pay off your debt rapidly by paying the same amount of monthly payments. Hence, a low rate debt consolidation will reduce both your monthly repayments and your interest costs and therefore they put you back in control of your life. You may be surprised to find that the time taken to reduce your outstanding balance is dramatically lower than your alternative and this could save your thousands.(image)

The Lessons From Success

Thu, 10 Jun 2010 19:26:00 +0000

Here are the top ten lessons i learned from being a successful entrepreneur and business owner.1. Always use leverage. - If you are not using leverage you are working too hard and earning too little.2. Learn to trust people. - The question is if you can handle the risk and the consequences if that person betrays your trust. If you can handle it then trust. Business is about trust.3. You learn faster if you fail fast. - Success is really a poor teacher. You learn more from failures. When you fail to recalibrate until you make it work. Mistakes only happens when you take action. And we learn from mistakes. So do not be afraid to make mistakes.4. Create Systems. - Systems take care of re occurring problems or concern. Entrepreneurs are people who solve problems for profit. If an entrepreneur owns a system that solves problems for other people then he will be earning an automatic streams of passive income.5. Systems save time so that you can create more systems. - Always look for problems that you can create a system that can solve it. Look at yourself, your family, your locality, the entire country and the world.6. Make money work for you. - Entrepreneurs make slaves out of money. We make money work hard to make us more money. We use money to fuel our business systems that makes us more money.7. Pay it forward. - The secret of great success is to share what you learned. In the community we share by paying forward what we learned from our mentors and coaches. Try attending our cashflow and wealth course gatherings to experience this.8. Teamwork works. - Community Of Real Entrepreneurs (CORE) Together Everyone Achieves Miracles! (TEAM)9. Business is like a bus. - People go up, people go down the bus. Those who stayed will reach financial freedom. I just felt sorry for our quitters. But it encourage us to move on because if someone goes down the bus there will be a seat available for winners!10. Always be humble. - Never brag about success because it is a gift from God. Success is given to us to be shared as manifestation of His greatness and love!These are my top ten lessons for success I have hundreds more which i teach and pay it forward to the members of the CA2020 core team. As one of my mentors told me that nobody can dispute personal experience.From www.ca2020.net[...]

Why Goat Raising is the best?

Tue, 18 May 2010 18:11:00 +0000

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There are many domestic animals that you can start raising to add your small income if you are employed. Most common in the Philippines people will prefer to have poultry and piggery because they are very popular but you know these two are prone to diseases than goats. Goats are resistive to diseases and they have low maintenance because they can eat grasses. Goats will also multiply faster and you do not need a special place for them to live or stay. This animal will even return home if they are left freely. Earn and invest in Goat Raising because as of now many people love to eat viands specialty which is goat meat.

In the Philippines, kalderita and papaitan are very popular. These menus are prepared using goat meat. Since many restaurants today use goat meat for food preparation then it follows that there is a great demand for goat. Goat price can give you substantial income. One goat will give you P1000 to P1500 depending on size. You can start raising goats by buying two or three, one male goat and two female goats. There are many kinds of goats but I would recommend the native because they multiply faster. Some of them will bear two kids and one time.(image)

Benefits of Travel Insurance

Wed, 12 May 2010 16:15:00 +0000

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Last week I was asked to book my Boss because he has a conference in Dubai and the ticketing office offered me the so called Travel Insurance and told me about the benefits of having a Travel Insurance especially if you are travelling overseas. There are actually many types of travel insurances like travel business insurance, annual travel insurance, adventure travel insurance and so on but still they are travel insurance with different features and benefits. I bought one for my Boss. Why buy a travel insurance? Of course the main reason is to cover accident if you encounter it but there are other features that will invite you to buy.

Here are some of the benefits of having a travel insurance if you want to have one:

1.0 Emergency Medical Treatment

2.0 Emergency Medical Assistance

3.0 Repatriation

4.0 Medical Evacuation

5.0 Hospital Benefits

6.0 Cancellation, Curtailment & Trip Interruption

7.0 Missed Departure

8.0 Personal Liability

9.0 Legal Expenses

10.0 Personal Accident

11.0 Personal Belongings/Baggage

These are the common benefits of having a Travel Insurance but you need to understand their policy so read them and ask if you are in doubt. Travel Insurance is indeed very important so if you are a frequent traveler, buy it now and spend your trip or vacation peacefully.(image)

Maria Venus Raj Fight Back

Mon, 05 Apr 2010 19:40:00 +0000

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The dethroned beauty queen promise to fight back against the BPCI to gain back her crown as Binibining Pilipinas to represent the Philippines in Miss Universe 2010. According to her, the organizer did not explain to her why she was disqualified since she told them everything before the pageant. She was helped by four lawyers and the latest news today is that there will be no representative for the Philippines while the case is going on if the court will side to her.

Many fans in the Philippines and around the world are dismayed when the news broke out that she was stripped with the title and in fact there is a wide campaign for her to reinstate her position. Many Filipinos believed that she has the edge and might win the pageant Miss Universe which will be held between August and September this year.

If you want to help her, you may join the petition by clicking here and sign.(image)

Earn and Invest in Restaurant

Fri, 04 Dec 2009 23:18:00 +0000

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Restaurant is a good business because everybody will eat. Regardless of what kind of you restaurant you have, you need to manage it well not just the financial aspect of it but also the people, your employees. Learn from your mistake so that when you have your next business you will have the right management and formula.

Earn and invest your money in restaurant today by having a unique kind of restaurant. My friend opened a restaurant with unique food recipe that are not available to other restaurant in our area and very delicious. That is his edge from other local restaurant. Do the same way to excel in this kind of business.(image)

Earn and invest in Goat Raising

Thu, 03 Dec 2009 02:51:00 +0000

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My friend started his business by raising goats to their small farm and today he is involved in livestock business. The point is you have to start doing business. Actually his parent started the backyard goat raising when we were kids and after that they were involved in meat shop business and livestock trading. All of them finished college and help and improve their parent's business.

Yes there is money in livestock business but you must be patient to excel in this field. Earn and invest your money in goat raising because it is cheaper than cow and other livestock. Another advantage is that goat has a higher resistance in diseases than cows and pigs. Goat Raising is very popular in our country because you do not need to have large amount of money when you start raising goats. These animals are also easy to raise and will multiply faster.(image)

Be your own financial adviser

Tue, 10 Nov 2009 10:10:00 +0000

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Another article that I learned from reading Donald Trump book is to be a financial adviser of your own business. Yes this is true especially if your business is small. Another thing is that who will care most of your own business? It is you of course, people who work with you will care less after all it is not their business. They are there and expect their salaries at the end of the month. They can suggest and you can listen but at the end of the day you have to decide by your own.

Last week I was invited by my friend when he opened his restaurant and I was speechless because he did everything from papers, designing and people management. I told him that he saved lots of money by applying what he learned from traveling abroad. Of course I saw some flaws but I think that can be corrected along the way. By the way he leveraged my money. Anyway he will return it next month and if he offers interest I will take it after all he used it for business. He borrowed money from me three years ago and I did not accept his interest offer, now I will take if he offers to me again.(image)

Mutual Fund Trend

Fri, 06 Nov 2009 10:07:00 +0000

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Mutual Fund this year is earning big interest than last year big lose. Last year it decreased down to negative 30% for mutual fund that caters on stocks but bond posted a small negative loses. If you invested money last year then you have earned 30% this year. It is better to invest in mutual fund and stock market when the market is down so when it recovers you will earn big money. Economy has up and down so you must be vigilant to observe and invest wisely. Mutual Fund Trend is predictable.

I bought two mutual fund in 2006 and experience the big recession last year so I lost some money but luckily this year the mutual fund is working to investors favor so I still see my money growing and still earned big profit. The technique is to have patient and wait for the right time to sell your stock or mutual fund. If I was panic last year and sold my share then I have lost half of my investment. I bought GSIS Fund and a government bond which are sold in mutual fund and I saw that base on the graph, they earned big money for the passed ten years but of course there is up and down of the graph showing which year is low and high. I can conclude that in every six years there is down but most of the time the graph went up. This shows that the management are good and the mutual fund are will diversified. You can predict Mutual Fund Trend by reading the graph history.(image)

Earn more when you upgrade

Wed, 07 Oct 2009 03:15:00 +0000

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If you are not satisfied with your earning today you better upgrade your skills by studying short courses. Some bosses are happy learning that their employees are trying to learn new things for the benefits of their company. Right now I am extending my vacation because I want to upgrade my skills for my job in our company.

If you want to earn more then you have to upgrade like me. When you earn more then it will be easy to raise money and invest it. Take it from me because I have learned lots of this upgrading and if your boss will not promote you, you still have the edge from your office mates and other employees in your Company. If you are not promoted then you can use it for other purposes like applying for other better company.(image)

Pag-ibig Fund Housing Loan

Fri, 11 Sep 2009 22:24:00 +0000

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Next week I will be in the Philippines for my yearly vacation and I want to own a home through Pag-ibig Fund. My technician and my roommate are already enjoying their new home using Pag-ibig Fund's Mortgage. All you have to do is pay your monthly contribution. The bigger the contribution the better. This contribution is for two year before they will allow you to loan. I heard that you can pay it once and avail of the housing loan.

Pag-ibig Fund Housing Loan is the best way to own a home today. The monthly payment of the loan is affordable because the money interest of the loan is lower than the banks. If you plan to have a new house then pay your Pag-ibig Fund contribution monthly. I am happy now that I can own my new home at affordable scheme. If you are working abroad then this is the right time to own a new home.(image)

Why Starting a Business Is Your First Step toward Staggering Wealth - Health And Wealth

Mon, 07 Sep 2009 19:34:00 +0000

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Starting your own business is the key to financial freedom and staggering wealth. Most of the millionaires are not not employee but entrepreneur. Yes there are employees who became rich but very few of them and most of them are entertainer or perhaps an athlete. But what if you are an ordinary guy like me? It is not an excuse to be rich but I think should remind you that you have to struggle more to become rich. Most people are afraid to try or to put their feet in the water because they are afraid to go for the unknown.

Many Millionaires today started as a businessmen. Example are Donald Trump, Bill Gates and Ford. Many of these people just learned the in and out of businesses when they are already businessmen. You just have to learn along the way. Ask people who have been there on the top of their success. Why Starting a Business Is Your First Step toward Staggering Wealth? It is because employment will only help you to survive each month. Just start small and learn the basic of business and investment. Everything started from small. Earn your salary today and invest it for money in the future.(image)

What are the Financial Benefits of Debt Consolidation - Health And Wealth

Mon, 07 Sep 2009 17:44:00 +0000

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I realized that even if I will earn money and invest it later but I will not change my habit about debt, I will not still become rich. Huh, it is complicated to become rich, it it? Not really if you are well discipline that is why military training is also good to train ourselves. Actually our worst enemy is our selves not other people but us. You can not control the force of nature but I think you can make try to influence the force of nature if you are well equipped and ready.

Success is the result of opportunity meeting the readiness. I had read it in Ophra's book and she is right, no matter what will do and there is opportunity but you are not ready to take or grab it then you will not succeed. You must be ready always so when opportunity comes you can grab it. Now let us go back to debt. I almost lost my topic. What are the Financial Benefits of Debt Consolidation ? Why you need to have it when you are into deep shit of debt? Debt Consolidation can lower your monthly payment by lowering the interest and negotiation. There are two types of debt though, the good and the bad. Which is yours? Good debts are debts that earn you money like you loan to open a business or real estate property that will give you income. Bad debts are luxuries like car, home theater and on.

Now they are still debts that is why we have to consolidate them. Consolidation is good because you do not have to think of many debts but one. All your debts are turn into one with many benefits like decrease the monthly payment or change the scheme or mode of payment. Do not file a bankruptcy before visiting a debt consolidator! It will damage your debt credentials.(image)

25 Tips By Entrepreneurs for Entrepreneurs

Thu, 27 Aug 2009 18:17:00 +0000

Ready to leave your job behind and become your own boss? It takes a certain kind of person to make it through the first few years. To help you along, we've culled the best tips from our own members - people with years' of experience in running their own businesses.1) Don't work for less than you can afford to, but do offer a discount to customers or clients who sign contracts with you.2) Find people who will refer jobs to you. If they send you nightmare jobs, make sure they're balanced out with rewarding (profitable!) ones.3) Surround yourself with supportive people and don't be discouraged by anyone.If your idea is good and you're determined to stick with it through the first few difficult years, your chances of success are great.4) Be flexible in your thinking. Prepare to change the way you work, the products you use and the services you offer, in order to meet the demands of your customers.5) Admit your mistakes, correct them and carry on.(For example, if you purchase a piece of equipment that does not meet your expectations, send it back, sell it or exchange it!)6) Develop a good relationship with your bank manager and creditors. Show a genuine interest in solving problems. Pay as much as you can afford to, to everyone to whom you owe money.7) Get trained! You'll be spending a lot of time doing things that have nothing to do with your area of expertise, like bookkeeping, marketing, and IT support!8) Avoid isolation. Even if you work closely with your clients, you won't be part of a gang anymore. Develop your own network of entrepreneurs that you see regularly and bounce ideas off. Ideally they’ll allow you to vent your anger and share your successes.9) Separate your work and personal life. Set your working hours and stick to a strict timetable. When you're not available to clients, leave a message on your answer machine letting them know when they can expect a reply from you.Let them know how to reach you in an emergency.10) Plan some ‘thinking time’ into every day. If you pack your diary with back-to-back activities, your business will never grow.11) Plan time to do something you enjoy at least a few times a week - recharge your batteries!12) Write a business plan so you're clear about what you're doing, and update it every year.13) Develop an excellent telephone manner and react quickly to any complaints or problems.14) Confirm orders personally and immediately, especially those you receive on email.15) Never lose sight of the big picture – look for innovative, little-explored directions in which to take your business.16) When you find someone cleverer than you, employ them!17) Solicit advice from people who know, for example, other entrepreneurs and reputable small business advisers – the DTI offers lots of information and support for new businesses.18) Don't enter a business or a venture that you know nothing about. You'll be running to catch up for the rest of your business life.19) Have an existing, loyal customer base and start locally.20) Be aware that you will get through any initial investment quickly, so ensure you are covered financially until at least the end of the second year.21) Focus on a specific goal and work at it until it’s achieved22) Never worry about how to get things done when you are first developing your idea.Money and resources will come together once you have set your goals and begun to work at them.23) Make quality in every aspect of your business your primary focus and aim. If it isn't, you will eventually go out of business.24) Use the Internet. Use email. Build a website (if you aren't fam[...]

Which is better Mutual Fund or Time Deposit?

Fri, 21 Aug 2009 12:42:00 +0000

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Many people will ask this kind of question if they are new in the world of investment. More people are familiar with time deposit because it is offered by the bank aside from savings deposit. Last year when I was in our province I withdraw all my money from the bank which I deposited for a long time and the teller asked my why? I told her that I want to invest it in real estate and mutual fund. She was smiling and said that I did the right thing because time deposit is not investing but in fact a waste of time and money because of the inflation rate which is higher than its interest.

Here are the advantages and disadvantages of the two:

1.0 Time deposit is safe because it is covered by the central bank or the government like in the Philippines, the central bank will answer P250, 000 if the bank goes bankrupt. The disadvantage is that the interest rate is not so high compared to Mutual fund but higher than savings account though. You can withdraw the money immediately but it will be based in savings account interest if the maturity is not yet reach.

2.0 Mutual fund yields higher interest though lower than the stock. It is safer than the stock because it is composed of many stocks. It is riskier than the time deposit though because when the market crash, it will also dive like stock. The best thing to do is to study well the mutual fund that you will have like where it is invested and who handle this mutual fund. Another disadvantage is that you can not withdraw the money instantly but you have to wait for a few days to get it.

Now here is the thing that you will do to get the benefits of mutual fund and time deposit. If I will be asked “Which is better Mutual Fund or Time Deposit”? I would say both of them. First you have to consider why you want to have time deposit. I think it is for emergency but with higher interest than the savings deposit. Savings is for daily or weekly consumption. At least this should be a three months salary. Mutual fund is investment. If you are new and afraid to invest in stock market then this is for you. You can start small like P1, 000.00 or P10, 000.00. Stock market is for the savvy investors but you may do it later when you are at ease doing it.(image)

How to earn and invest money?

Fri, 14 Aug 2009 13:34:00 +0000

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Many people will ask on how to earn money and how to invest it. This is the best question if you want to get out from the rat race. Getting out from rat race is not an easy task, it is not and overnight thing to do that by the next morning you are rich already and bye bye poor life. It needs discipline and determination and in fact your worst enemy here is no other than yourself.

There are many ways to earn money before you could invest it. If you are an employee then you need to pay yourself first like setting aside at least 10% of your monthly gross income. It might be very hard for you at the beginning but you will use to it later. If you feel that your income is not enough, try to stop other expenses like smoking, eating outside, coffee from canteen and you will be surprised how much you will save. Pack your launch too or better walk if the working area is walking distance. You will not only save money from fare but also your health because you exercise everyday. The point here is save, save, save as much as possible.

If you are self employed then you you can expand your business because nobody will stop you or will care your business but you. Expand it or maybe you could franchise it to other people if you master your business plan. Leveraging is the key here. In fact you have the advantage from employee because you are in the field of being independent already. Employee will become businessman first before they could become financially free. You are in the second stage ahead of the employee. Again save 10% or more from your gross income. You need to separate your business account from your personal account so that you will not touch your business money.

After you accumulate money from your business and job then you start investing by buying things that will generate income for you without much work or no work at all. Real Estate, stock, mutual funds, franchise business and other royalty are what we call investment and will produce passive income for you. If you have these kind of asset then you will end financially free.(image)

Get Debt Free

Thu, 13 Aug 2009 15:00:00 +0000

Many people are wondering on how to get rid of debt and it seems to them that debt is a part of daily life. Debt free can be achieved if you are serious and want to escape rat race. How to get rid of debt when you do not have anything to pay for your balloon debt? First of all you must learn the basic of managing your money. Money can be on your side if you know how to handle it. There are also good and bad debt. Which one do you have right now? Good debt are debt that you have but you will earn money out of it. They are loans that you invest to create wealth. Bad debt is debt that you have because you buy luxurious things that do not create wealth like car, cellphone, home theater or Television. You see not all debts are bad! You just need to know which debt is good or bad. If you have a good debt then you do need to worry about debt at all. Here are the 7 steps to get debt free life: Step 1 - Admit that you are in debt problemsThe first step towards a debt free life is to admit that you are in debt. Leaving bills unpaid and avoiding creditor calls isn't the solution to your debt problems. In fact it makes the situation worse. However, the fact that you're reading this article implies you have already accepted that you are in debt and you're ready to take the next step.Step 2 - Seek professional helpTake professional help from a debt consolidation or settlement company. If you'd like to obtain lower rates and consolidate your bills into a single monthly payment, then debt consolidation program is the right option for you. But if you wish to reduce your debt amount, then you should go for debt settlement.Step 3 - Free debt counselingThe consolidation/settlement company will offer a no-obligation free debt counseling session. In this session, a consultant will analyze your financial situation and suggest the right debt solution for you. To make his task easier, you can prepare a list of your debts/bills. Next to each of your dues, put down the name of the creditor, the total amount you owe, the rate of interest and monthly payment. This will give the consultant a better picture of your financial standing.Step 4 - The consultant prepares a monthly budget for youBased on the total amount you owe and your monthly income, the consultant will help prepare a monthly budget for your expenses. This is to find out how much you are left with after paying your utility bills and other expenses. The amount left over will be used to pay off your dues.Step 5 - The consultant negotiates with your creditorsIn a consolidation program, the consultant negotiates with the creditors/collection agency in order to lower your rates and monthly payments. However, if you'd like to settle debts, the consultant won't negotiate for lower rates. Rather, he'll talk to your creditors about reducing your outstanding balance.Step 6 - Start making paymentsYou need to make a single monthly payment to the consolidation company which distributes the amount amongst your creditors. This goes on for 2-6 years till you're out of debt.In case you choose settlement, you'll have to stop payments to your creditors and make monthly payment to the settlement company. The payments accumulate into lump sum cash after months. The lump sum amount is then paid off to the creditors/collection agency.Step 7 - Say a big No to any new debtWhen you consolidate or settle debts, make sure you don't add on more debt. Otherwise, it will be difficult for you to get debt free. So, just say "No" to any new debt when you're[...]

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Wed, 12 Aug 2009 15:10:00 +0000

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Petition to oust Wellie is now 40,000

Tue, 11 Aug 2009 13:21:00 +0000

Wellie insulted Tita Cory and the Filipino people by removing the funeral video footage of the late former president. Cory is considered as the democracy icon of the Philippines and many people love and respect her. Due to his live or on the air arrogance, the people were insulted when he told the technical people to remove Cory's footage. Many people knew how arrogant, rude and uneducated Wellie is and this situation became the reason for them to file a petition to oust Wellie from Wowowee show. I myself do not watch his show because I do not like the way he treated the contestants and his crew and staff.Here is the written petition letter that garnered more than 40,000 signature as of this writing.To: ABS CBN Management, MTRCB and PANA To Whom It May Concern:I am an avid viewer of ABS CBN and I am very well up-to-date regarding their shows. Without any doubt, I am a Kapamilya. However, last August 03, 2009, an incident happened when Wowowee Host Willie Revillame blurted out comments when a video of Pres. Cory's cortege appeared on the screen.While a contestant was dancing for the talent portion, a snippet of Pres. Cory Aquino's cortege was shown on the screen. But Willie did not cut short the dancing portion. Instead, he let the contestant finish her routine. After that, he blurted out comments regarding the video of Pre. Cory's cortege. He said:"Kung ganyan, pakita na lang natin 'yan. Kasi nagsasaya kami dito, tapos... Masakit sa akin 'yan, e. Nagsasalita ako dito... 'yan, please. Sana maintindihan n'yo. Nagsasaya kami dito, papakita n'yo sa amin yun ang... di ba? Hindi tama, e. Okey? Hindi ba?""Pangit! Hindi ho maganda sa atin. Nagsasalita, ipinapakita yung kabaong ni Tita Cory, hindi ba? Papano kami makapagsasaya, nahihirapan kami? I'm sorry ho, ha. Pero ako, totoo ako, e. 'Wag n'yo akong pagagalitan, kasi totoo ang gusto kong malaman..."Pagkatapos ng show, ipakita n'yo ang gusto n'yong palabas. Kasi itong Wowowee, gusto ko... Hindi ba, at alam din ni Tita Cory 'yan dahil napasaya rin siya ng show na ito na laging masaya dito, ok?"Some may argue that Willie's intention was good, but I rather find these statements rude and arrogant. Wowowee and Revillame is known by millions of Filipino viewers and the show is even watched across several countries through TFC. To react in such way is downright arrogant and disrespectful to the former President Corzaon Aquino. I know that it was a bad taste for ABS-CBN to show a snippet of the funeral on Wowowee, but it was worst for Revillame to react that way.Willie have chosen to let the contestant dance instead of cutting short her act and give way to the coverage of the cortege. Willie have chosen to blurt out his rude comments ON-AIR instead of Off-cam. In short, Willie have chosen to have fun instead of giving way to the funeral of Pres. Corazon Aquino. So they'd rather have fun instead of pay our respects to our democracy icon? That was not a good example to our youth today.Was it really hard for him to be humble and human? I believe that this is not the first time that he aired his views and rather arrogant comments On-air. He embarasses his staff, makes fun of the contestants, and arrogantly act on TV almost everyday. Pres. Aquino taught us humility, and Revillame is showing us the exact opposite: arrogance.This time, Willie's statement should be condemed not only by the public, but by the management of ABS-CBN as well. It also creates a public outrage in[...]

Debt Counseling

Thu, 30 Jul 2009 05:21:00 +0000

People are around the world are suffering due to economic recession. Many house owners are problematic and do not know where to find money to pay for their mortgage. Some people are fired and no savings to sustain while looking for a new job or other source of income. Debts are filing day by day and most people do not know if they could pay their debts in the future. Many people need debt counseling because of this problem. According to the news that I read, people who want to file bankruptcy need to under go debt counseling before filing this last option. There are many institutions today that will give you free debts counseling like how to pay your debts and how to avoid having debts.In my own experience debts can be avoided if you are doing your homework. For example you have to ask yourself why you want to loan money. Is it for pleasure or you need it for to earn more income? Now the first thing to do is to learn about finances, business, how to save money, investment and other related topics like how to have a debts consolidation before you opt for loan. Debts counseling can help you pay your debts if you are in the dead end of paying it. Here are my advices or debts counseling for anyone who wants to avail for a loan:1.0 Do not borrow money if you do not need to.2.0 If you want to avail of Home Mortgage, you better evaluate your financial status first like for example, can you afford to pay it just in case you lost your job?3.0 Home Mortgage is good but choose a scheme where you can afford to pay it like maybe you could expand your years of payment like from 10 years, make it 30 years to pay. 4.0 Find other source of income aside from your job to have a back-up just in case you lost your job.5.0 Regarding credit card, I would suggest you not to use it very often because credit card has the highest interest rate than other loans or form of debts.6.0 Save money as much as possible and invest it.7.0 If you have many debts then you need debt counseling so that you can pay it. Maybe they would suggest you about debt consolidation to lower your monthly payment. 8.0 My last advice really is to avoid debts if you will not earn money having it. What I meant is that when you loan, that money should generate money so that it will help you pay the loan that you have. Your loan should be used for business or investment.Good luck to you and I hope you can pay your loan. If you have a very critical problem look for debt counseling agency to help you solve your problem.[...]

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