Home Articles Blog Updates Subjects Topics Tips & Guides New Contact Us
adblock creatives to be added later Loose weight without medicines, step by step

Improve your sex life -- overcome your frustration

Survive in Bed Click Here!

Increase your breast size by 2 cups, naturally and without surgery Click Here!
This Single Mother Makes Over $700 per Week Helping Businesses With Their Facebook and Twitter Accounts. You too can earn extra money. Click Here!

Earn money with simple online job works. Click Here!

Discounts at Amazon.com

Eliminate your diabetes, we can help you destroy your diabetes

Self improvement and motivational guru gives simple tips to success - must listen

A foolproof, science based diet that will reduce your weight by 12 to 23 pound Click Here!

Blog

TITLE AND SUBJECT OF ARTICLE

 

How To Use Your Hard-Earned Money To Quickly Reach Your Goals

So you have a few dollars to save, payoff debts, or invest for the future. What do you do with the money, so you can reach your goals in the quickest and easiest way possible - and not waste time or money on poor decisions?

Step One: Your Emergency Fund

You have received an inheritance of $50,000. What do you do with the money? Yes, you could buy that big screen TV and sound system, and take a major vacation - but what if you wanted to make huge progress on your goals, ...

financial planning,finance,money,debt,retirement,investing,savings

So you have a few dollars to save, payoff debts, or invest for the future. What do you do with the money, so you can reach your goals in the quickest and easiest way possible - and not waste time or money on poor decisions?

Step One: Your Emergency Fund

You have received an inheritance of $50,000. What do you do with the money? Yes, you could buy that big screen TV and sound system, and take a major vacation - but what if you wanted to make huge progress on your goals, and not let the money waste away, bit by bit?

You have $500 left after your monthly bills and other fixed expenses are paid, and you set aside money for gas, food, clothing, and other necessary expenses. You could spend this money on little luxuries, pay extra on your mortgage, or save for retirement. How do you make the decision?

The first priority should be setting aside money in your Emergency Fund. Yes, even before you pay off your credit card debt (unless you are in default or delinquent on your bills - then first pay them enough to bring them up to date).

Regardless of how much credit card debt you have, the first step in creating a prosperous future is to change your habits. When the unexpected bill comes (and it always does), you should have money in your Emergency Fund to pay that bill, to avoid racking up additional credit card debt. If you have spent every extra dollar attempting to pay off your debt & have no money set aside, when something unexpected happens, you will rack up even more debt and be right back where you started.

Your Emergency Fund should contain three to six months of your actual bottom-line living expenses. Or more ... I have some clients with up to one year of cash set aside; typically, they are generally risk adverse, are self-employed, or have a fluctuating income stream. Your amount is not three to six months of your salary - it is the bills and necessarily expenses you would have if you were unable to earn income. These funds should be maintained in a cash account, typically a savings or money market account. The Weinstein family Emergency Fund is in an ING Direct Orange Savings Account.

A home equity line of credit (HELOC) does not count. Yes, you could use a home equity line, or take out a loan on your house, if you were unable to earn income or had emergency expenses. But, it would just rack up your monthly expenses and debt even further. And, since interest rates have risen, even the tax deduction does not compensate for the high expense of using the HELOC.

Once you have a well-established habit of saving money each month, and have your Emergency Fund set aside, we can move to the next step - prioritizing debt and your life goals.

Action Step One:

Open up a dedicated savings or money market Emergency Fund account. Set aside a fixed amount of money each month - whether it is $50, $500, or $5,000 - until your fund is at three to six months of your living expenses.

Step Two: Pay Off "Bad" Debt

You've set up your Emergency Fund, and created a wonderful habit of saving $50, $500, or $5000 each month. We don't want to let that habit disappear ... so where do we put your money next?

Step 2 is to pay off any "bad" debt. What that means really depends upon the person, and your tolerance for debt. Some people are not particularly bothered by debt, so their only "bad" debt are those with high interest rates, or minimal tax advantages (non-mortgage and non-student loan debts).

There are two situations where I may ignore the interest rate, and recommend the client pay off the debt ASAP.

(1) Loans from family or friends. These loans, while low interest, may be eating away at the relationship, without you even knowing it. They may reduce the relationship to a formal, strained, money-based transaction, instead of a loving, friendly, supportive bond. You may know the debt is a problem, or ask other relatives to see if the debt is a problem in culture of the family - if so, pay it off quick.

(2) Debt that is keeping your up at night, or making you feel unsuccessful. Debt may be the new "American way" - but it is not right for everyone, or even most people. Monthly payments, or even the idea that you could be repossessed or foreclosed upon, may be eating you up at night. You may feel venerable, or like you have never achieved any of your goals until that debt is paid off.

If this is you, then your debts may become a high priority, even over other goals, like college funding or purchasing a new home. Whether your debt should be paid off as a high priority, depends not just upon the interest rate, but upon the mental and emotional interest rate you are burdened with each month you are making loan payments.

Action Step Two:

Take a personal inventory of your debts, and how much they are costing you in mental and emotional energy. Do they bother you? How much? If so, regardless of how low the interest rate is, paying them off should be a high priority. Start today - pay an extra $10, $100, or $1000 on the principal each month. Even better, set up automatic bill payments in your online bank account bill-pay system to make automatic regular extra payments each month or quarter.

Step Three: Goals Funding - Base Level

Now you have set up your Emergency Fund, and paid off your "Bad" Debt, including a loan from a family member, a high-rate credit card, and an old debt from college that was really bothering you.

You have a bunch of goals - retirement, paying off your mortgage, buying your next house, launching a new business, and sending the kids to college.

Which comes first? Retirement? The kids? Paying off your debts? How do you decide?

Step 3 of Where to Put Your Next $1 is to fund your goals, in order of priority, at the base levels - the amount of money you need to satisfy the minimum requirement of your goal.

For example, how much money do you need to pay your bills in retirement - not live an extravagant lifestyle, or play golf every day for 20 years, or travel the world - but how much to keep out of a cardboard box and live comfortably?

How much money do you need to save to send the kids to State College, as opposed to Ivy League? How much would it cost for the house you need, as opposed to the house you want?

Then fund the minimum, base level of those goals in order of priority. This may mean you start by contributing to your retirement plan or IRA, then contribute to a 529 Plan for the kid's college education, then set aside money in a CD to start a business in 3 years, and then, finally, invest to raise funds for a bigger house.

How do you decide the order of priority? First, determine if there is another way to pay for the goal, besides your own savings - if so, then it is probably a lower priority than goals for which you have no other alternative. For instance, there are loans easily available for college education, but not for retirement (with the exception of a reverse mortgage). Also, you could obtain investors or take out a loan to fund a new business, and pay them off with the new income stream.

Second, evaluate if you are giving up "free money" by not utilizing pre-tax or matching savings or retirement plans. If you can save pre-tax, the federal government is contributing to your goal (since you don't have to pay those taxes), and if you don't take advantage of this each year, you are leaving money sitting on the table. Similarly, if you are lucky to be employed by a company who matches a 401(k) plan, you may want to contribute at least the match, to "let" your employer help fund your retirement.

Action Step Three:

Make a List of Your Goals, in order of priority. Look at your #1 Goal - is it really your most important, or is it just first in order of time? Any special types of accounts or matching available for this goal? How much will your goal cost? What's the base level for that goal?

Set aside money each month to fund the base level of your #1 Goal - use your automatic savings or investment plan help you execute this week's Action Step.

Step Four: Above and Beyond ...

You've maxed out your Emergency Fund, paid off your "bad" debts, and funded the minimum levels of your most important life goals. Great job! What's next?

Step 4 is to fully fund your goals, in order of priority. For example ...

* Max out your Roth IRA, if you are eligible.
* Max out your 401(k) and IRAs (yes, you can do both, the IRA just might not be deductible).
* Purchase ESPP stock (and don't forget to regularly sell and diversify).
* Contribute to a 529 Plan and/or taxable investment account for college education.
* Invest in taxable or tax-advantage accounts for miscellaneous future goals, or additional retirement funds.
* Buy investment real estate and/or rental property.
* Pay off your mortgage.
* Purchase CDs or Bonds for specific, time dated goals.
* Leave money sitting in your Health Savings Account, invested and tax-deferred, until you can roll it over to an IRA in your retirement.

Wow, do you still have money sitting on the table? Wonderful! If your goals are already funded, then don't forget to enjoy your money now. Take a first-class vacation, hire a errand service for a few hours each week, buy a new sound system, or make a significant donation to your favorite charity. Balance saving for your future goals with living life now.

Action Step Four:

Choose your highest priority goal from Step 3. Have you fully funded this goal, to achieve your ultimate dream? Evaluate whether you have funded the minimal level of your other goals. If you have, then choose an action step from the list above ... and enjoy your prosperity!

 

How To NOT Reach Your Goal And Be Happy At The Same Time!

Recently, I have someone asking me the following question:

“I’m a happy person, but I want to achieve a lot of things like confidence in being around with people etc. If I try to achieve these other things like confidence, it will affect the happiness I’m trying to achieve. How can I involve these things into my goals and yet be happy at the same time?”

It took me a while to understand his question. (Note: I’ve tried to rephrase his question to make it easier for you to...

Recently, I have someone asking me the following question:

“I’m a happy person, but I want to achieve a lot of things like confidence in being around with people etc. If I try to achieve these other things like confidence, it will affect the happiness I’m trying to achieve. How can I involve these things into my goals and yet be happy at the same time?”

It took me a while to understand his question. (Note: I’ve tried to rephrase his question to make it easier for you to understand). Finally, I realize that he has a conflict between goal setting and happiness.

Then I found out that many people are having similar difficulties as well. On one hand, they are trying to keep themselves happy, one the other hand, they are trying to achieving more things. But when they fail to achieve their goals, they become unhappy.

This has inspired me to write this article.

The problem experienced by the person with this problem is his goal is adding pressure on him, such that it makes him unhappy. That’s because he has defined his happiness as his goal! If he does that, he will NEVER be happy because goal is meant to be achieved, yet happy is a state of achievement. Can you see these two things are totally opposite to each other?

You can never achieve something you have not achieved! So how can you be happy?

What he has to do is to be clear of the way he define happiness and the way he define his goal.

You can read more about the right method to define your happiness at http://www.subconscious-secrets.com/define-happy.php.

If he wants to achieve his goal of being confident in meeting people, he can define happiness as “talking to 1 stranger a week”, but he sets his goal as talking to 3 strangers a week. If he defines his happiness and his goal that way, he will be happy if he talks to 1 stranger and very happy if he talks to 2 and extremely happy if he talks to 3!

Remember, happiness begins with how you define your happiness. If you mix up your definition of happiness with your goal, you will never be happy!

 

How to Create a Dynamic Marketing Plan -- Part II: Breaking Down Your Goals

Now that you’ve got a list of your goals for the upcoming year, take a good look at them. You are most likely feeling a combination of exhilaration and trepidation with a little overwhelming sensation mixed in for good measure. It’s okay, you’re not the first or only one to experience this. The next step is to break down each goal into manageable objectives. It’s as simple as the answer to the riddle “How do you eat an elephant?”

online marketing, Sandra Martini, business coach, work from home, work in pajamas, The Boston Virtual Solution, virtual assistance

Copyright 2006 Sandra P. Martini

Now that you’ve got a list of your goals for the upcoming year, take a good look at them. You are most likely feeling a combination of exhilaration and trepidation with a little overwhelming sensation mixed in for good measure.

It’s okay, you’re not the first or only one to experience this. The next step is to break down each goal into manageable objectives. It’s as simple as the answer to the riddle “How do you eat an elephant?”

The answer is: One bite at a time. And that is how you tackle your goals small manageable pieces – categorize them in to groups as to whether they are 10 years , 5 years or one year goals.

Let’s assume one of your goals is to make $100,000 in the next year. By itself, it may seem overwhelming, but let’s “take it one bite at a time.”

1. Make it present tense.

It’s important to change the language of your goal so it reads as if you’ve already achieved it. This will activate your subconscious and let it know that you are serious about your goal.

2. Get emotional.

Make each goal your own by personalizing it and give it an emotion.

Watch what happens when we take the original goal of “My business will make $100,000 in the next year” and, factoring in numbers 1 and 2 above, change it to the following: “It’s December 31, 2007, I made $100,000 this year doing what I love in my business and I feel on top of the world!”

WOW what a change! See how alive your goal becomes?

3. Work backwards.

Start with your largest goal (in this case, ours is one year) and break it into smaller time periods that you can measure. For our goal, will you make $25,000 per quarter? Or, do you need time to ramp up so you anticipate making $5,000 in quarter one and then more for each of the last three quarters? Remember the goals have to be measurable and realistic and plan accordingly.

4. Know your target audience.

In order to reach your goals, you must know your target audience. And if you think that “everyone” is your target audience, you are wrong and wrong in a way that will cost you significant time, trouble and money.

Assuming you have limited marketing dollars, you want to spend them wisely. If you own a wedding gown boutique, which would be the more profitable thing to do: Send flyers announcing a sale to everyone in your town OR send flyers only to those women who subscribe to bridal magazines, have hired a wedding planner or booked a hall?

The answer is obvious. Defining your target audience matters. It matters more than most anything else you will do.

5. Where are they?

Knowing your target audience isn’t enough. You must know where they hang out, what they like, what they dislike and you need to be able to speak with them in theirlanguage.

So where does this leave us? A brief summary to pull it all together:

You’ve written your goals in present tense

You’ve added emotion

You’ve broken your goals into smaller timeframes and

You’ve identified your target audience and where they hang out

We’ll pull it all together in Part III when we add the daily and weekly action steps that will get you well on your way to accomplishing your goals.




price your item ebay scams
print vibrant colour images
private jet charter company
private label info articles products
private label rights content
problem manager reading skills
produce abstract image
productivity phishing suspicious emails
product topic self growth records
professional cheerleading life skill
profitable day trading system
profitable product opt in list
promote keynote speaker
promote protect computer against spyware
promote your website through ezines
promotional products online marketing business
proper golf grip swing develop
propose and seduce her
proposing valentines day gifts
prospect contacts helping others
protect automate your websites
protect avoid repossession
protect foreign environment law
protect yourself computer identity theft
protect yourself identity theft
protect yourself in economic crisis
protect yourself internet banking disputes
psychology trial offers increase sale
pubic hair waxing elder abuse
public fluent speech rousing applauses
public speaker speaking problems
public speaking use of computer
publish design ebook review
purchase choose domain name
purchase play poker sets
purchase timeshare and avoid fraud
put movies on your iphone
put music psp iphone ipod
put your videos onto psp
quality cameras shopping online discounts
quality web franchise directory
quick cash structured settlement
radar fire detector buy
radio controlled toys
raise money for residential development companies
raise readers attention
raise your credit score
rates on long term care
reach breaking down goals
read ad til campaign agencies
read guitar tablature fix guitar
read nutrition labels new seller
read online casino review
read poker hands self publish
real estate business portfolio broker
real estate investment properties
real estate investment property financing
rebuild your life avoid divorce
recruiting service verbal abuse
reduce debt consolidation solutions loan
reduce spam e mail spam
reduce stop snoring naturally
answer interview questions technique
automobile insurance new hampshire jersey
become persuasive writer spokesman
choose your product lineup
golf training aids
make money from blogs
fsbo stage home properly
credit card debts fraud
find new look sedu hairstyles
identity theft victims trouble