How To Make a Higher Income Than Expenditure
October 13, 2009
The people who knew that saving has a very positive impact must be used to save their money. They knew that in order to obtain future more secure, the savings are needed.
However, many people find it difficult to spend their money. Saving is no longer a part of an easy lifestyle. Saving has become something difficult without a strong commitment.
Coupled with the increasing cost of living today, saving seems to have lost the habit of many people.
In fact, all people can save more. They just need to manage your finances better. Perform the following three simple steps to make a greater income than expenses:
1. Aside a certain percentage of salary
Leave a few percent of the salary before using it to buy a variety of purposes.
2. Paying cash
Pay cash, do not use credit cards unless it is not possible. Many people rely on credit cards. The problem is, people feel more comfortable with them so they do not realize that they are ‘in danger’. They’re just confused because it pursued a credit card installment debt.
3. Create a goal or objective
Specify how many goals you want to save, make your goals specific. For example “I will save Rp200.000 per month” instead of “I will save about 200 thousand per month”
4 Know what you need Read more
How Make Your Money Work For You
September 10, 2009
Many people struggle everyday to earn a living without ever asking a simple question - how can I make my money work for me? To understand how, you have to learn the three different types of income.
First, there is earned income. Earned income is what most of society makes in the form of a job.
Second, there is portfolio income. Portfolio income is the money that comes from owning stocks, bonds, and mutual funds.
Third, there is passive income. Passive income is money that comes from owning businesses, real estate, and intellectual properties. Intellectual properties are created works such as books, music, software, etc.
The problem with earned income is a simple one. If a person doesn’t go to work, they don’t make money. With portfolio income, you have ownership in a company and receive money from the profit of that company, or you lose money when that company loses money. Now for passive income. The path that many millionaires have taken from Read more
Student Credit Card
April 7, 2009
Are you student? Are you want have credit card? Don’t worry, you’ll get it online. You can apply for student credit card online in website that provide this application, you can find one of them that suit with you. Conscientious credit card usage can result in decades of low-interest rate loan opportunities. In spite of their minimal income and limited credit history, good students enrolled in colleges and universities from state to state are regularly given the valuable opportunity to receive a credit card to start building a strong credit history. Read more