If you want to invest, two possibilities are that you could be a great investor or business owner first. Time and money is capital that determines your success in business.
Whether it's investing in real estate, a business, stocks, or bonds remain "a comprehensive business sense" becomes the most important fundamental investors steady. Some people have this comprehensive sense, but many do not. Mainly because highly specialized training schools ..... not trained komprehensif.
Suggested road, many people choose straight into investors. According to Robert Kiyosaki, "If you have lots of money and free time, please enter" I "quadrant or investors. But if you do not have a lot of money and time, suggested a more secure path that is entered into the "B" or a business owner first. Why?
Because of the experience and education.
If the first success as a "B", you will get a better chance to develop into an "I" is strong. "I" invest in "B".
Any person who owns a business so expect all the construction business can run without you involved. If you want to have a business that can run without you, there are a few you should hold them:
Systems and Humans and technology. 3 things that should not need to hold you involved in the system. The system in question is the system including:
Marketing
control
Its human resources
whereas the technology, it must be that:
easy
fast
accurate
To recruit in a business system, which determines the beginning of your business goes well or not. By having employees who have:
Passion = passion, passion in work
Integrity = honest (this is preferred)
Skill = ability...
The Poor and the Middle Class Working For Money The Rich Have Money Work For Them
Often we hear a common story, the middle school graduation so they work and then when they find a partner because they are married and both work they can find enough income.
For that they ventured to repay a home. And then came the good news was that the pregnant women. And for that the men work harder to welcome the baby. And once the baby is born and the next baby is born, they are motivated to pursue money even harder. Time passed and they both promoted and rising salaries.
And when the next baby grow eventually the man asked his wife to stop work to care for children. And her husband work harder to finally promoted and a raise again. And because they salary large enough, then brave start the car installment. And as the children grew, the small house was getting crowded and so big salary then start installment larger home.
And when the kids start big then start the car the next installment. And when career soared even better because it was appointed as the director then start installment of luxury homes and there's a pool. Continues and again until finally they die in debt. Their lifetime becomes a slave to money.
As for the rich, so they pass or even before graduation they worked to gain knowledge, money and acquaintances, which eventually worked for their money. They delayed gratification, collect money, knowledge, and three acquaintances then they had invested so that money work for them with or without work.
example:
They set aside money to use the knowledge and contacts to get the businesses that make money without having to get involved too much. Maybe they will invest to boarding early boarding, bird nest wallet, mutual funds, stocks that produce dividends, royalties, and when his passive income far greater than his lifestyle, they are safe in the sense that verily.
Financial experts argue that we could have made a mistake in arranging finances primarily on certain conditions. One of them is when we become mothers. As a mother, of course you are going to prioritize children in all forms of expenditure. It can trap you make mistakes in managing the household finances. Then, identify 5 common mistakes made by a mother and start to manage finances better.
1. More importance than the college fund pensions
As a parent you naturally want the best for children. Including prepared as possible in the face of the world. Considered one of the most ideal way to a decent education. No one denies that education funding should indeed be prepared early. But in preparing for college fund does not mean you also forgot to prepare for your retirement fund. It is important for you to keep thinking about old age survival. Do not think this is a selfish move. Parents with a planned retirement even thinking about the future of the child. That way you will not be burdensome life of the child.
2. Did not take a decision on the financial
Many mothers who only manages money shopping and daily expenses. They do not come to think of investment and family financial plan. If you are one of them, began to get involved now! Most do not follow false advice. Typically strategic thinking, tactical and practical mother who had been trained in managing day-to-day finances will be useful.
3. Do not give pocket money
You may think it is a good thing for the children not to snack. Because the pocket is just a waste and make the child become consumptive. However, early on the child must learn to trade and ascertain the amount to be spent to buy things that she likes. Pocket money also helps children learn to manage finances and learning limiting expenditures. The important thing you have to be consistent to the amount spent per day for children.
4. Compromise with lower wages
As a mother, especially with small children, you must have the time and moving with high flexibility. Typically, for flexible working hours, working mothers willingly paid or get paid less. Though the edges, with your income was still not able to save or invest.
5. Lazy to take care of the house
You should still take care of school children home.purposes such as uniforms, clothing, shoes to textbooks. If you are negligent, it would be more easily damaged. This means you have to spend money to buy a new one. The durability of an item also depends on the treatment. So, taking care of the house properly, also a thrifty way. Of course you do not need to intervene immediately if there are things that can be delegated to assistants household. All you need to do is keep an eye and make sure all supposed to be maintained.
Capital is a mandatory thing when you start a business. Want a small or large capital large capital needs. But there is not any use of capital, and there can be.
There are 12 ways to get capital, namely:
Saving. Because save it as your initial capital.
Debt Fund (Wife-in-Law Family) / (Husband, in-laws, brother).
Debt friend,. If you loaned your friend with a debt by a larger amount than you owe, you receive the most for your mortgage.
Bank Loans. If you the Bank, but do not mess with the bank. If you can not pay, you will backlist. Difficult for you if you will to other banks. Because you have already registered in the debt of Bank Indonesia.
Private Investors. Ie you buy at the beginning and became a private investor to build investors.
Venture Capital. A business that has been seen that the business will grow rapidly so that in the given capital with the result if it is to benefit.
Selling Shares. You can also sell stocks with vuture Value.
Sell Franchise. If you already have the extra capital you can develop with great.
Sell Idea. Although you do not have the capital, you can sell your idea if you do have a very brilliant idea.
Partnership, if it is already in a joint partner, so if you have the above named project that belong to both. So a close cooperation in a project.
Supplier payables. You can also borrow on your supplier, if there. If not da, do not force it to be there.
Debt to the buyer (in front pay). This is important if the business is soul sell / trade. You can sell means you've been able to marketing.
And there are 2 ways for a business without capital, ie
broker
Being a realtor, marketing other people's products with commission calculations
Exchange knowledge or the time, place and talent.
Manage and organize household finances is not easy, especially for newlyweds. In fact, about 79 percent of the prospective bride is not yet able to manage their personal finances when getting married. Not infrequently, they hang financial management partner. Though personal and family financial management is the key to a better home life and prosperous. Here are some mistakes that are often made financial manage the newlyweds:
1. On their own account
Just because you're in love, newly married couple will always feel they have the same ideas and thoughts. They are thought to retain their personal accounts, and used the money to each household. After all, as long as each one is living on his personal finances, respectively. However, this should not be allowed. Financial experts advise to have a joint account (other than a personal account), so that you can both have a shared responsibility. For example, when you want to invest money, then this decision should be made jointly.
2. Breadwinner take full responsibility in managing finances
This statement applies to housewives who do not work, so her husband became the sole breadwinner. Sometimes it makes women feel no right to manage her husband's salary. Although it shows a sense of trust in each other, but should the financial arrangements and agreements are prepared in conformity with requirements. After all, women have an advantage in terms of detail, so the calculation of income and expenditure must still involve the role of the mother.
3. Just think of the needs of today's
Some newlyweds sometimes less prepare their finances in the long run. Either because they have not thought about the future, newlyweds instead concentrate on managing money in the short term only. For example, spend a lot of money to satisfy the desire to have good stuff, whether it's gadgets and home appliances of luxury.
Nothing wrong with the desire to meet current expenditures. However, the use of current financial arrangements and parts were saved for the future must also be considered from the beginning. It is useful as savings in an unexpected moment. Joint personal financial arrangements and could well help secure the future, even when retiring later. Thus it remains wise in managing family finances
Cradling the baby is still a desire of the majority of the couple are married. The presence of a child, in fact, considered a marker of a household perfection. Unfortunately, young families often forget that the presence of children means no more financial responsibility to be prepared, ranging from primary to the fulfillment of educational needs in the future.
If young families do not have the financial awareness, not just the needs of the child may not be neglected. You certainly do not want this to impinge on the baby instead? Therefore, when a child first began to attend in young families, they must consider the balance sheet.
Consulting a financial planner from Taatadana Imansyah Felicia said, early marriage is an important period of development of the family's financial foundation for the future. Therefore, the longer the family's needs will become more complex with increasing child, age, and the necessities of life. "Therefore, should a young family and frugal family since the beginning," said the woman who is usually called Lici this.
Financial planners from Fin-Ally Financial Planning and Consulting banner Harsanto correcting bad habits that young families do when getting the first child, the purchase requirement for the baby excessively. Call it, buy clothes and baby gear to accumulate. In fact, a fairly rapid period of growth in under five years of age (toddlers) will not cause the clothing worn in a long time.
Advice banner, the family should buy for the baby moderation. "If the stroller of your loan can be for example, do not be ashamed to wear it. Or, it could just rent baby equipment, "says the banner. Errors were committed by young families are common due to excitement to get a baby.
Key posts
Instead of wasting money for temporary purposes, financial planners recommend that families complete the immediate needs of the posts related to the interests of the child. Well, here are some posts that should be allocated:
Adding emergency fund
Prior to expand or invest by buying protection, families are required to have an emergency fund. This emergency fund aims to cash reserves at any time if the source of income is interrupted.
Financial planners say when young families have not had children, emergency funds can be reserved three to six times the total monthly expenditure. Thus, monthly expenses such as Rp 7 million emergency fund should be raised USD 21 million - USD 42 million.
However, when the baby started to complement your family life, an emergency fund should be injected more into six to nine times. Still with the same example, the monthly expenditure of Rp 7 million, then the emergency funds that must be met is USD 42 million - USD 63 million.
Excuse compliance banner nine times of emergency funds will not be easy for all the young families. Solutions him, at the outset can be collected 30% of the nine-time emergency fund first. Or, if he continue the example above, an emergency fund should be met at the beginning of Rp 18.9 million.
Well, as you go along, young families can meet the recommended servings. With a capital of 30% of the emergency fund has been fulfilled only, young families can step on the next post, which buy life insurance.
Note Lici, an emergency fund should be liquid, liquid alias. Therefore, how to set family finances suggest the funds placed in savings, deposits, precious metals, or money market mutual funds.
Buying life insurance
When it began to have children, the family should buy life insurance. Life insurance is intended to protect the financial risk of the breadwinner in the family. With hope, if anything happens that causes earner income sources jams, no insurance can replace that function.
Insurance money could be used to meet the needs of the child's life into adulthood. Advice Lici, families must calculate the correct projected needs of children to adults. The amount of the sum assured (UP) the desired affect how much premium should be allocated. Therefore, large-small, this premium would erode the family monthly income.
If the husband and wife working condition, if necessary each purchase life insurance? Financial planners of Fahima Advisory Arsiyanti Fauziah said, depending on the functions of each salary. When the husband and wife salary be the principal source of fulfilling the needs of the family, each is required to purchase life insurance. Conversely, if one does not support the salary of the family income significantly, owners salary should not buy life insurance.
Banner add, even could be, both husband and wife, do not buy life insurance. With notes, "During the economic wheels turning, there is passive income from asset holdings are much larger than the monthly salary," said the banner.
In addition to life insurance, other insurance that must be added is health insurance for the baby. Average insurance companies require a minimum age of participation is 30 days of health insurance. Instead, since the age of the child to buy health insurance. Advice financial planners, families can buy a collection of health insurance. By doing so, the premiums paid can be a mini.
investment education
Not just child's clothing or food that suck huge funds, but also educational. Financial planners suggest, since the child is present in your life, should be contrived post education fund. Lici say, investment in education can be divided based on levels of education, such as the level of play group, kindergarten, elementary, junior high, high school, and college.
The selection of the investment basket can be adjusted to the level of education. The further education course that will be addressed basket of investment choices can be more aggressive with the hope of greater returns. Choice of investment products, such as precious metals for the short-term, medium-term mutual funds for the mixture, and mutual fund shares for long term investment.
If a young family it difficult to meet all levels of educational investment at the same time, the family can repay the investment of education furthest first post. For example, from investing for college education and then continuing up to the nearest education. "For funds investing in education is precisely the smallest farthest," said the banner.
Tightening the belt
The addition of the three expenditure items are to be reserved will certainly swell the family expenses. If you are still a source of income, meaning that there must be a strategy that must be done. With the goal, all post basic needs are met but not interrupted.
Banner offers three solutions. First, to reduce spending. For example, when no children, you and your spouse have dinner at a restaurant hobby or recreation, this habit can be reduced. Look back expenses, such as phone usage postpaid or entertainment needs, such as pay-TV subscription.
Second, lowering the consumption class. Put the word, you and your spouse originally everywhere almost always drive cars, but motorcycles have also. Well, what's wrong with the habit of replacing more often riding a motorcycle alone?
Third, eliminating the need. If both ways previously not also suppresses effectual, it looks like you and your partner must be willing to eliminate some of the need. For example, you originally hobby of collecting something that is draining money, now, it can be removed. This decision requires sincerity. Like the saying goes, Berakit-raft upstream, swim to shore. Concerned in advance, prosper and then
Financial problems are classical problems commonly experienced by novice entrepreneurs. Could be a good cash flow but in fact, between the recording and the amount of money is always changing and often times experienced minus. Anyone ever experienced something like this?
The first thing you should realize is true:
In the business principle, any money coming in is actually "NOT" yours. but, it is yours "BUSINESS" you.
If possible, these words were written last big temple at your desk.
I clarify once again, a lot of beginners who open a business and cash flow after running, he thinks it is his money. Though it "WRONG" great!!
Mistakes beginners often combine personal money / personal account to a business account because he think the money was hers. a X chaotic again saving always put personal to account. So, take all personal expenses there. "Consumptive take there, grab wholesale there, take a refuel there, treat take it there and others all take there"
You should grip when holding the money for long operating results because you realize that it's not your money, when for example because you are forced to have to use the money business. Then you must hurry back.
For instance, I would take my own case study.
I always distinguish / separate between transaction accounts, savings accounts and personal accounts, mean?
transaction accounts
Money that effort should go into a business transaction accounts, which is to receive the income and also for shopping / business purposes. Usually its cash flow every day.
savings account
A savings account is an account to accommodate the business net profits each month.
personal account
Well, for the purpose of personal accounts for personal purposes such as: consumer, and a wide variety of personal purposes, including deposited into his wife.
Thus, the difference between transaction accounts, savings accounts and personal accounts are transaction accounts income and expenditure could happen every day depending on the needs of businesses, savings account just to accommodate the net profits each month. While personal accounts for personal use only.
Because in my attempt to position themselves as the owner, (not involved directly every day) then I would never take a salary, I just take the profit sharing that I normally do after closing the year.
At the end of the year, calculated how my company's total net income. Then I take my right as a business owner (only 25%), there uga retained earnings increase the fatherly point effort.
If you are involved in working in your business, in the sense that you go to work on your own character. You mean the owner and employees. You are also entitled to a salary. What is his salary?
It's up to you, but keep in mind!! Just because you are the owner you want to continue to pay your self-love's content. If you need to take most small salary, calculated for the reward (some even do not want to be paid, which is important you know that if you're working it in place of your business and your money does not belong there but that of your business).
So, the better your cash flow, your business should also growing. The trick?
1. "Have the mindset that the existing income belongs to your company and not private money, you should take your part if you pay yourself as an employee or take profit sharing within a certain timeframe. And this also may take too much. Keep in mind, as an entrepreneur, do not be proud if you look cool with all its attributes (3 BB, cool cars, etc.). But business is not growing, but already many years to open a business. "
2. "Finances separate private venture money, with concrete steps have account (either one or surgical name names)."
So first cash flow concerns us as entrepreneurs. May be useful.
