3 Key Steps To Control Your Financial Future 2015

3 Key Steps To Control Your Financial Future 2015

For most people, financial independence is merely a dream. Not having to struggle for the money to cover the necessities of life and buy a few luxuries is simply plain old know-how. Without knowledge of how the financial universe operates and how you can tap into it creates unprecedented feelings of helplessness and without power.

Learning how to significantly raise money can dramatically change your life. All it takes is commitment toward the power and independence that come from knowledge. This may not be a difficult task for some people to achieve with money; however, it is for others who have no money or source of income. People who are struggling to survive are not concentrating on investments.

The first key to put some extra dollars in your pocket is positive results. All it takes is a commitment to save money. Just as every pound you lose maintains the willpower you need to stay on a diet, every dollar you actually save will reinforce your commitment to financial success. This means understanding your needs to remain financially balanced.

The second key is to understand how financial experts and institutions operate. Keep in mind for which these people work. No stock broker will tell you to take money out of your stocks and invest in real estate. Your banker will never tell you to take money out of your savings account and go see a precious metal dealer, even if he or she foresees a weakened or devalued dollar.

This does not make them a bad person. They have a job to do and are regulated by various government agencies. Their primary job is to keep their institutions afloat and to see things from a professional prospective. Not to go out of their way to give you the big picture. Although they want your business, be aggressive and ask questions. Never forget that banking, securities, real estate, and insurance are among the most competitive industries on earth.

The third and final key is to structure your spending. Before making a major purchase, research the product or service and get a better idea of what the item should cost by setting a fixed amount aside for that purpose. Paying a few extra cents or even dollars now and then should not do much damage, however, convenience or some other benefit of making the purchase then and there warrants paying a little more. Realistically, overpaying on major purchases can mean significant loss of future purchasing power.

You get nothing for the additional money you spend. That money becomes a higher gross profit to merchants, and less for you to invest or to spend on yourself or your family and friends. In order to get in motion and make your money work for you, identify the assets you already have and maximize your return on them. Be prepared to set both short-term and long-term goals and develop plans for achieving them. This type of commitment can reveal where the best opportunities lie during both good and bad times and teach you how to make money no matter what the economic conditions are.

Change Your Mind and Reap Financial Benefits 2015

Change Your Mind and Reap Financial Benefits 2015

There are two types of people in life. There are those who produce products and services and those who consume them; those who employ and those who are employed; those who sell and those who buy. Those with eyes wide opened, expecting to meet an opportunity to help them change their fortunes and those whose eyes are on the sky expecting a deliverer to come and rescue them.

Consuming throughout in life is costly because you have to pay for the ideas of those who produced products or services. We have to be ‘prosumers’ – producers and consumers. There is nothing wrong with consumption. We all consume at one point or another. The problem comes in when you do not have anything to offer for other people to consume throughout your life. Reading this article for example is another form of consumption. Ideas and information contained in this article is all that matters.

I believe that people have to work to acquire skills and knowledge and thereafter put the skills and knowledge acquired into practice for their own benefit. Bear in mind that not everyone is an entrepreneur. Organizations that care about their employees will always have retention strategies in place to keep their best talent. This is done in most cases by providing this talent pool with incentives which may include benefits such as stake in the organization, etc. Most entrepreneurs will exit the organization after a period of loyal, faithful, and meaningful contribution to the organization. Reasoned and seasoned entrepreneurs will not leave organizations because of the fallout with superiors. They will leave because the time has come for them to heed the call for creativity and independence in which they take control of their fate.

People make choices in life which are informed by many factors driven by the opportunity cost – choosing to forfeit one opportunity for the other. These choices are informed by among other things the fear of the unknown (risks), knowledge, security (assurance that the sun will rise tomorrow) and comfort – knowing what needs to be done and being used to it. The truth is that there are no guarantees in life. We have to learn to let go of some things so as to gain better and greater things. If entrepreneurship is not your call, do not force it, and be honest with yourself. If you are working, continue to perform exceptionally well, develop yourself, and prepare to climb the corporate ladder. Draw plans and strategies for personal wealth accumulation.

Financial literacy is not much about making money but more about keeping it after making it. It is sad that most education systems in the world are designed to produce employees for life rather than employers. It is easy to recognize such countries by looking at their levels of unemployment and poverty. Even those who are said to be educated among us cannot innovate or come up with ideas to produce products which may lead to job creation..

The ability to seek to understand why things happen and learn from them is a skill necessary to survive and overcome the economic difficulties. The mental readiness and determination to learn will ensure that you grow into a wise, wealthy and happy businessman, businesswoman or investor. This describes a group of people who if in full-time employment, understand that they work to learn not for the money. They understand the value of investing in knowledge and the return that such investment will bring. Once they have acquired enough knowledge they go on a lookout for opportunities to put the knowledge into practice.

Most people start the right things the wrong way. Armed with knowledge, the people in this category are able to mitigate the risk intertwined with the opportunity of starting their own businesses or taking quantum leaps in building or improving their investment portfolios. Most of the people in this category are optimistic, have a positive approach to life and they think positively. People in this category are ready to sacrifice a portion in order to gain more and are always on the lookout for business or investment opportunities.

We have all been created with a powerful tool called ‘will’. We use our will to accept or turn down any invitation to do something, and agree or disagree with the way things are done. The Creator Himself cannot veto our will. Life is throwing out invitations to learn to all of us on a daily basis. You see, life understands that we all have potential, ability and power to be great but greatness comes through learning. It is the kind of learning that cannot be acquired or found or provided for by any institution of learning. Life is the best teacher, if you allow him, he will teach you well – only if you are willing, determined to learn, and available.

People in this category understand that failure is temporary and is a window of opportunity to add to their credits in the learning curve. They firmly believe that failure only inspires winners as it defeats losers. Those in this group who have allowed life to teach them and have been patient enough to complete their course, come out wiser and matured. The eagerness to learn helps people in this category to come out having learned the art of possessing things and never allowing things to control them. They humbly acknowledge that God and the Universe have graciously honoured them. They understand the importance and value of emotional intelligence. They have developed their thoughts and eyes to comprehend, conceptualize and see what ordinary people cannot see and this enable them to create their living state and more importantly to spot opportunities for making money where everyone has given up hope. People in this group understand that to accomplish great things, they must not only dream, but also believe and not only plan, but also act on strategies to acquire knowledge. They understand that the best investment they can ever make is investing in knowledge regarding the principles relating to financial freedom and wealth creation. By creating action plans, they are providing a blueprint which will lead to the realization of their dream.

If you live hoping for the big break that will solve all your money challenges, you will spend the rest of your life miserable. This kind of attitude will result in you blaming everyone but yourself for your mishaps and financial troubles. You will blame the government, the economic system, other people and potential employers for your problems. Most people in this category are scared of taking initiatives or asking for information and implementing ideas. They have somehow accepted their situations and are helplessly trapped. If they are working they will spend most of their best years working hard for money and never really coming to the point of acquiring enough. If not working, they spend most of their time not thinking about what they can do to improve their situation but what their governments or other people can do to help them.

Many people in this category are pessimists, impatient with themselves and everything around them, and blame everybody and everything for what they are going through. Their mental framework is such that they see impossibilities everywhere in accomplishing anything good for themselves. They apportion blame for their current situation to history, have locked themselves to the past as a result cannot think past it to the present and move on to the future. The consequence of such mental framework is that those possessing and upholding it are disempowering themselves by continually painting a picture of their gloomy lives. They develop the tendency of always having something or someone to complain about while the optimist will be expecting challenges and the realist will be adjusting the sails ready to sail the stormy seas.

Failure is no failure until it is accepted as such by changing direction or giving up. Nothing and no one can keep you down forever unless you allow them to. It must be noted that not everything about failure is bad, there could be many lessons learned from it. We have to start by asking ourselves the following questions:

What is it that I want to do with my life?
Does it require any special skills? What am I going to do to acquire those skills?
Where do I go for help?

Definiteness of purpose drives people to want to do something with their lives. This must be the starting point. Some of the people in this category are honest hard-working people but without basic financial understanding – financial literacy, they may work for the rest of their active lives and come out with very little if anything at all.

The best way to start moving out of your current financial situation is to search for and find the purpose for your life. We all have potential and power to be great and accomplish whatever we wish to accomplish. Living a life of financial freedom is a challenge that requires the willingness to learn, unlearn and re-learn financial literacy skills to adopt and implement financial strategies that will lead to financial freedom.

You may have to do a soul search and critically scrutinize your believe systems more especially teachings that go against your desire for financial knowledge and wealth creation. Flush out any negative outlook towards wealth and finances from your system and start pursuing knowledge. Start with what you have (skills, experience and time) and use it to build a seed that you will plant in acquiring knowledge. Anything that is planted is expected to germinate, grow and produce fruit. That is how important it is to invest in your knowledge. People are unable to live their potential because of lack of knowledge. Knowledge is power and the lack of it causes people to perish.

Cure Your Financial Lack 2015 : Basic Factors to Consider for Becoming Financially Free

Cure Your Financial Lack 2015 : Basic Factors to Consider for Becoming Financially Free

Most people can do better financially. Most of us if not all of us meet opportunities on a daily basis that are intended to change our financial fortunes for the better but are unable to recognize them in their camouflaged state. Opportunities of devious magnitudes happen to all men. We are programmed to see and hear only those things that we want to see and hear. What will happen if we can learn to freeze this approach to life and unfreeze the conscious expectation of everything we need to become what we should be, that is, if we fully comprehend and have visualized what we should be? Nothing happens by chance! You have to want it and want it very bad.

There is always a starting point to everything and a first time with which to experience things. If we do not start we’ll never get anywhere and the worst that can happen is retrogression. Our dreams which are linked to our desires differ in magnitude. Some people desire to be wealthy and others desire to be well to do, that is, to have their needs met. Some actions have to be initiated for these things to manifest. It is only when you are consciously conscious of who you want to become and what you want to achieve that you will begin to take appropriate and relevant actions to achieving your goals. We all have something to give to others which we can do in exchange for something. This is how battering came about and was highly effective. It was all about meeting the needs of others. Think about what you can do to meet the needs of others and receive compensation for doing that and you will have found an income generating system.

For those who are already earning an income, there are some things you can begin to consider to improve your financial status. Make sure that you cover the basic stuff first before considering moving to the next level of financial freedom. Personal financial management is the first hurdle to cross before attempting total financial freedom. If you acquire basic skills for personal financial literacy and manage your personal finances well, you’ll then find business finance management very interesting. The skills of saving, investing, and making your money grow for your future financial needs and of protecting your income are the basis for proper financial planning. Everyone can cure their financial lack.

The quest to be financially healthy requires that we be disciplined, responsible, knowledgeable and understanding. Financial literacy is the most important set of life skills that we all need to survive and be successful in the modern world. This is the set of skills that has been acquired by very few people hence there are only few financially successful people in the world today. The lack of this skill results in many people finding it extremely difficult to manage their financial affairs and to successfully plan their financial future.

If we spend all our money today we’ll have no provision for tomorrow and we’ll have to work extra hard just to survive. If we save some of our money today, we’ll have something for tomorrow. This is how serious saving and investing a portion of our monies today is. Put your money to good use and let it generate more money for you. If you spend all your money today, then you are giving away your future financial freedom. We cannot just hide our heads in the sand and hope that the future will take care of itself. We have to force ourselves to make hay while the sun is still shining, when age, time, health and resources still allow us to do so. Choosing not to take heed of the advice of the wise will be downright ignorant and foolish.

Personal financial management is the launching pad for personal financial freedom and paves a way to personal wealth. We have to start by acknowledging that we are not going to be young forever, that we are not going to be strong physically and mentally forever. We are not going to be able to work forever even though we may wish so. Working, as a business owner or employee, requires strength and energy and aging might be a limiting factor. You need to prepare for an event or time when you will be unable to work any longer. This calls for you to protect your personal income in case you die, become disabled or retire due to old age. You have to consider life and disability assurance while you are still working either as a business owner or employee to protect yourself and your income. Not considering this advice is purely being irresponsible. Consult your financial adviser and engage him or her on this issue. Do the right thing, plan your personal finances. There should be enough money available to pay off debts and in the case of disability, to make changes that will help you cope with your new situation.

You have to understand the negative effects of inflation on your savings so that you can craft strategies to counter it. For example, an inflation rate of say 5% a year will half the buying power or value of your money in 10 to 15 years’ time. In other words, if it costs you US$125 a month now to buy your groceries, you will need US$250 to buy those same groceries in 10 to 15 years’ time. Time is the most important factor when it comes to saving and making money grow. The longer time you save, the more interest you will receive out of your savings.

Money grows when it is used to make more money. However, investing money is not a sure bet, it involves huge risks. The objective of investing is to make more money. Your goal should be to maximize the returns on your investments with less risk on your capital. It starts from searching and researching companies, funds and business sectors you wish to invest in. There are many different ways of investing money in the economy and each of these different ways has its own levels of risk and return unless you open an investment account with a financial institution (bank). Work on your action plans for short-term, medium term and long-term investment strategies.

While it is extremely important to invest in reputable companies, the reputation and integrity of your financial adviser is extremely important. Do not take your adviser’s advice at face value. Go for a second and even a third opinion and do more research. You cannot afford to believe only what your adviser is telling you. Trust is not enough as it will not guarantee you your returns. Research and scrutinize documents before committing yourself. Never put all your eggs in one basket regardless of how tempting it might be.

It is extremely important to have a will. Will allows you to register your wishes in writing so that when you pass on, you may have this document speaking for you. Failure to do this will result in your possessions going to people you never wished to have them or going to the state (intestate). Any person of 16 years or older who is mentally capable of understanding what he or she is doing can make a will. Estate laws differ from country to country. Please check laws relevant to your country. Banks, lawyers and trust companies (most of them are insurance companies) can assist with the drawing up of a customer’s will. Ask your banker or financial adviser about the process of setting up a will.

Regardless of how prosperous your business and investments are today, you have to provide in advance for the needs of your growing age and the protection of your loved ones. A budget is a plan that deals with the future allocation and utilization of various resources with regard to different organizational activities over a given period. Budgeting is a disciplined way of spending your hard earned income. It is a tool used to translate future plans into quantitative terms.

Remember that the wealth you are trying to create is not only for you, it is for your second, third and fourth generations. Budget your expenses in such a way that you may have money available to pay for your necessities. You must also make provision to pay for your entertainment without spending more than ninety per cent of your earnings. Make provision for giving to deserving charities in the ninety per cent available for you to spend. It is important to get used to giving as it is a spiritual and universal law that binds all of us. Make sure that you invest the ten per cent of your income to give you excellent returns. Guard this ten per cent with all diligence for it is a seed that has to generate wealth for you.

How To Create A Goal Traffic Light 2015

How To Create A Goal Traffic Light 2015

It is possible to use failures to help you achieve your goals by learning valuable lessons that can point you to the right pathway. However, sometimes failure can actually be a sign to stop. How can you tell if your goal is worthwhile pursuing, or if you are chasing a futile dream?

Goal accomplishment would be much simpler if we had internal signals that would indicate green when it was time to go, yellow when it was appropriate to wait, and red when we should hit the brakes. This would remove confusion and doubt, and prevent us from wasting time and money.

Since you were not designed with this decision-making feature, you have to find strategies that can help you to decipher the results that you experience when you start working on your goals. Here’s how you can create a ‘traffic light’ for your goals that will indicate the right steps you need to take.

Seek out relevant information

To make a decision, you must obtain all the details you need to create an appropriate plan of action. Don’t try to pursue your goal without arming yourself with critical information that will let you know if you should proceed or stop.

For example, if you want to buy your own home, you need to know your desired property value and location, how much deposit is required, and the income you need to acquire a mortgage. If you want to pursue a higher education, you need to seek career areas that are in demand, find out eligibility requirements, determine the tuition cost, and ascertain how you will finance your education within your budget.

It is extremely important to do your due diligence especially if you want to start your own business. Before you embark on any enterprise, you need to understand your technical and business capabilities and research the market opportunity before deciding if this is a viable option for you.

Getting information will allow you to assess your ability to move ahead with your goal and realise all the shortcomings that need to be addressed. The process will also help you decide if you are willing to do all the hard work that is required to realise your goal, or if you should just let it go.

Listen to wise instruction

When you have conceptualised a plan, it usually makes perfect sense to you. However, it’s critical to get other opinions about your ideas, especially if your plan will require money. Look for experts in the field you are pursuing and ask them to assess your ideas before you make firm decisions.

Once you have found someone who is qualified to advise you on your quest, make certain that you provide all pertinent information that can help this person to guide you. Listen carefully to the questions you may be asked and don’t get defensive if your idea receives constructive criticism.

Sometimes persons seek advice only to get an affirmation that they are on the right path. As such, they will selectively disregard any suggestions that may go against what they have already decided to do. They believe that the advisors didn’t really understand their goal, so their counsel is ignored.

While your mentors may be more experienced, their opinions are not infallible, so get other viewpoints if you are uncertain about their advice. Where weaknesses or flaws in your ideas have been revealed, use their cautionary words to reevaluate your objectives and improve your plans.

Follow your instinct or inspiration

There are times when a goal may be so unconventional that it defies logical reasoning and seems impossible to be accomplished. These ideas are often derived from a novel theory or some divine inspiration, and the persons who conceive them are viewed as mavericks or eccentric dreamers.

Magellan wanted to sail around the Earth; the Wright brothers wanted to travel in a flying machine; Roger Bannister wanted to break the four-minute mile barrier. While your goal may not be as earth-shaking, you may have been gifted with a brainwave that could change your community or country.

Your idea may be in the maverick category if you get responses such as “It won’t work because it’s never been done like this before,” or “We don’t have the capacity to do this.” If you have conceived a revolutionary idea, be prepared to go all-out and make major sacrifices to realise your goal.

You will need to have a strong motivating force that compels you to win, and a fierce determination to press through despite the inevitable obstacles and trials. Read stories of trailblazers and find other like-minded goal seekers who can help to encourage you to accomplish your big dream.

How To Read Goal Directional Signs Finance 2015 Latest

How To Read Goal Directional Signs Finance 2015 Latest

When conceiving of your goals, you need a strategy to determine if you should go ahead with, postpone, or call a halt to the ideas that you may be contemplating. Obtaining relevant information, getting expert guidance and obeying your instincts are key elements when creating a goal ‘traffic light’ that can signal the right time to go, wait or stop.

If you have already embarked upon your goal quest, it can be difficult to maintain a consistent pace until you arrive at your destination. The journey is often fraught with distractions, disappointments and delays that can divert you from the pathway which can successfully take you to your goal.

It would be helpful if there were tangible goal signs that would direct you away from danger and point you safely to your target. Let’s look at how to decipher some of the possible signals that you may encounter as you traverse the long, and often treacherous, route to accomplish your goals.


You have been guilty of procrastinating on the steps in your goal plan. You write to-do lists for all your unfinished tasks, but never seem to get around to carrying them out. You keep resetting the timeline on your goal end date, making excuses why you have not moved further along.

The ‘No Parking’ sign admonishes you for wasting precious time when you should be working on your objectives. Stop deceiving yourself; your laziness is only going to kill your dreams. Revive yourself from your stupor, rev up your engine, and restart your journey immediately.


You have been travelling easily along a straight road, as the first steps in your action plan were simple and uncomplicated. However, you have reached a new point in your journey where you need to make a big decision that could determine the ultimate failure or success of your plans.

The ‘Intersection Ahead’ sign indicates that you need to take some time to make prudent choices about your next actions. You may need to seek guidance from expert sources, or carry out additional research to obtain all the information required to decide which way to turn.


You have been racing along your journey, revelling in the initial victories from your efforts. You are getting a little overconfident, boasting to everyone how easy it will be to attain your objectives. Your arrogance is leading you to make poor decisions that could potentially wreck your plans.

The ‘Reduce Speed’ sign warns you that haste makes waste when you are working on long-term goals, as there are no shortcuts to success. There are major pitfalls ahead, which your excessive speed and inexperience will prevent you from seeing. Proceed with caution in all your actions.


You have been comfortably driving a big, smooth highway, but you’re not on the most effective route to arrive at your destination. You don’t want to leave your comfort zone to traverse a road that is unknown to you, so you prefer to continue in your current direction.

The ‘Detour’ sign informs you that you need to take a different course if you eventually want to reach your objective. You have to be courageous enough to experience unfamiliar new pathways, and be willing to learn and grow from any challenges that may come your way.


Your route has taken you to a stretch of roadway that is filled with hidden dangers. Although the passage seems clear, at any point in time a major risk could appear which could severely derail your progress or even put an end to your entire journey.

The ‘Look Out for Falling Rocks’ sign alerts you to be on the lookout for probable hazards that are common to the goals that you are pursuing. You need to implement risk- mitigation strategies that will help you to avoid or recover from a negative event that comes with the territory.


Your attempts to carry out your objectives have not met with the results you anticipated and you think that you don’t have what it takes to achieve your goal. You begin to second-guess your ideas and you wish you could just return to the person you were before you started chasing your dreams.

The ‘No U-Turn’ sign reassures you that it is not possible to go back in the opposite direction as you have already made significant progress on your journey. Although you may not realise it, your experiences have helped you to develop into the person you need to be to attain your goals.

Once you learn to recognise what your goal-directional signals are indicating, you will gain valuable insight on the next steps you need to take on your journey. Just keep your eyes focused on your target and persevere in your efforts, and you will eventually obtain your reward!