The Best Business of Your Life
1. Impulse Purchasing
Impulse purchases are all about emotion. You see a sale you don’t want to miss or an item you long to have immediately, and you jump to buy it before you think rationally about whether you really need it or can really afford it.
To curb impulse spending, force yourself to wait a certain period (it could be a day or 30) before pulling the trigger on a purchase. [Read more…]
Relaxing vacations on the French Riviera, huge donations to your favorite charity and an early retirement. These are the kinds of things people think of when they hear the word “millionaire.”
It’s unlikely you’ll ever experience that. Sorry.
Unless, of course, you can overcome the following four roadblocks stopping you from achieving millionaire status. Each roadblock below also offers an “immediate action step” to help you overcome the things holding you back. Let’s get started. [Read more…]
Here are reasons why you should not gamble:
1. Gambling is the cause of indolence
Many gamblers are depending on luck of having that jackpot money and so they tend to lose interest in their job. If you think you can win that jackpot money, do not dream of it because the more you long for it the more you will not win it. Look for a job so that you will forget about the vice. [Read more…]
6. Ability to deal with fear: Fear really sucks. No one can live without experiencing fear. Knowing this truth will enable you deal with fear. Going for loan, trying out a new idea or even dismissing a non-performing employee. All these pose challenges and the challenges instill fear into you. Know that there is always a way out and that a ‘can do’ spirit will always defeat fear. Learn to say ‘all is well”- that will calm you down when you are overwhelmed by circumstances. You need to feel the fear and do it anyway. [Read more…]
Keep your credit cards in a purse or wallet close to your body where it can’t easily be snatched away. Ladies, make sure your purse is zipped. If you’re shopping in a high traffic area, carry a smaller purse. For both men and women, carry only the one or two credit and debit cards you’ll be using that day. Leave all your other credit cards at home.
Thieves can take pictures of your credit card with a camera or cell phone, so don’t leave your credit card exposed any longer than necessary.
After you make a purchase put your credit card away immediately. Confirm you have your credit card back in your possession before you leave the store or restaurant.
1. Passion: Passion is a driving force. You can get clients and partners along your idea with your passion. It is fueled by both the tangible and intangible reasons why you start any venture. In difficult times when it starts waning off, concentrate on the tangible reasons to revive it. Move along with people who will criticize you constructively and will praise you also at your little victories. Consistently affirm positively. [Read more…]
If you want to have a good, relatively stress-free financial life, you need to save for annual expenses. These may include money for gifts, vacations, vehicle maintenance, minor home repairs, fixing appliances, property taxes and possibly income tax. It can be tempting to refinance a mortgage to pay off debt or to use a line of credit to pay off high interest credit cards, but it is dangerous to endlessly put expenses on credit without actually paying them off. The best way to manage these types of expenses is to save for them in advance. This will not only save you money, but it will give you peace of mind. To learn how to budget for annual expenses, click here.
What will you do if your car needs some major repairs? Do you have $500 to $3,000 on hand? What if your house needs some repairs, or it is discovered that you are living in a building that leaks? You can’t always count on the bank to lend you money for all of these things. It is much better to anticipate a worst case scenario and have some money saved.
As much as we hope that emergencies won’t happen, we all know that they do. A family member can develop a health issue, you might need to make an emergency trip, you may have a car accident or breakdown, severe weather could flood your basement or crack your pipes, or you may have to fly to a loved one’s funeral. Any of these emergencies can be expensive, and we all know that we will likely encounter some sort of emergency from time to time. So why not be prepared rather than potentially become another victim of an emergency.
In good times, everyone thinks that their job is secure, but in bad times, many begin to realize that bad things can happen to anyone. You could suddenly lose your job, your business could dry up, you might get injured—either physically or psychologically or become too sick to work. Any of these things can happen to you. Employment Insurance (EI) doesn’t kick in until you have been unemployed for 6 weeks. Do you have enough savings to tie you over or will you be living on credit? Living on credit during a time like this can quickly make a bad situation worse. Minimum payments become higher and higher until they are unaffordable and credit limits no longer budge. Then when you finally do get some income, what used to be enough doesn’t get you by because you have all these new debt payments to make each month. So now you actually need more income than before because you’ll need to pay down these debts and eventually work to get them paid off.
There are huge emotional, psychological and physical consequences to always living stressfully, from hand to mouth, pay cheque to pay cheque. People who don’t plan for their future seem to run from “crisis” to “crisis.”
There is a little known truth that happiness can come from being organized. Being organized isn’t going to make you happy all by itself, but it can sure help. There’s so much in your future that you don’t have control over, so putting aside some money to spend when you need it is actually organizing and taking control of your future and financial affairs. You have nothing to lose by saving – and only a happier future to gain.
WE CAN HELP YOU ACHIEVE ALL THIS, WHEN YOU TAP INTO OUR SYSTEM
The measuring stick for being rich is different depending on who you talk to. However, the one thing that the notion of “being rich or wealthy” means to most people is having financial independence and savings to depend on. Calling your own shots, financially speaking, means having the freedom to make choices in your life separate from earning a pay cheque.
This may mean being able to take a vacation whenever you want to, leaving work and going back to school to switch careers, starting your own business or investing in someone else’s start-up, helping family members, taking on a lesser paying job that is more personally satisfying than financially beneficial, or a big one these days – retiring when you want to rather than working because you have to. [Read more…]
Online marketplaces allow you to sell goods without setting up your own online store. Selling through online marketplaces provides a flexible business opportunity with relatively low start-up costs. eBay and Amazon are examples of well established marketplaces.
The potential advantages to be gained by joining an online marketplace will vary between industries and businesses, and indeed between buyers and sellers. [Read more…]
It’s been stated that Authorize.Net is the most widely used payment gateway on the internet – probably because it’s been around since 1996. Currently, there are over 375,000 merchants handling more than $88 billion in annual transactions safely through credit cards and e-checks. Something’s going right over there. [Read more…]
