tips to make money
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tips on how to manage your hard earned moneyTRANSCRIPT
HOW TO MANAGE YOUR
MONEYJoha
http://joysdownload.com
Managing Money involves three
areas:
Managing the income streams
Managing the outflows/ the expenses
Investments of the savings.
Managing you Income
Set Your Revenue Target
You must set short-term goals and
long-term goals. Without the goals,
you will not have the direction.
Review the goals to meet the reality.
Check why?, if you cannot achieve the
goals.
Creating Vision of Income
Visualize wealth and abundance every
day. What we are actually suggesting
is that you practice some sort of airy-
fairy mysticism that will make you to
attract the money.
The power of the mind to virtualize the
money income stream
Making Money by doing what
you love Do what you love and the money will
follow. At any rate, it's true. One of the
primary reasons that many people live
paycheck to paycheck and are broke
despite working very hard at their jobs
is the fact that they hate what they do.
Make extra money, where
possible Sell your unused personal junk. That's
right; it's high past time for a major
garage sale, it will clear your
apartments and your mind.
If do not use the things for more then
a year, the chance is, you will not use
them in the near future.
Managing expenses
Keep a daily log of everything you
spend. Go to the dime store and buy a
little notebook.
Carry it with you wherever you go.
Write down every penny - every single
penny.
Most people will not know where his
money had gone to.
Managing Expenses
Never exceed your budget.
Do not spend more than you csn
effort.
Stop deficit spending! We all know
how much trouble Uncle Sam has
been creating... Spending more
money than our country takes in. It's
called deficit spending.
Building Saving Habit
Save your money, as money can be
used to make money
A penny saved is a penny earned. Yes
it's still true, and still one of the most
powerful money-making tips in all
history.
Manage Your Time
Make yourself the list of top 10 things
you need to do on each day.
Organise them into the most important
and the urgency.
Start with the important and urgent.
Invest to Generate Income
Choose the investment portfolio that
suited you.
Consider the risks, the return and
convertibility to cash.
The saving account gives about 2.3
percent interest rates most banks give
you are not even enough to keep pace
with inflation.
The Resource
Tips to manage money
Blog : http://joysdownload.com
The author had work with an international airline
for more than 35 years, the last 10 years
in Training and development.