Plan for the Future of Financial Condition

by Harris Turin

It has become a common phenomenon that many of our colleagues, or the people around us who often complain that their financial condition messy.

Total debts were mounting and exceed their income, even exceeding the amount of assets owned. In such a condition that usually becomes the scapegoat is the small amount of revenue it has.

Though the roots are real issues rather than on the income side, but failure to manage finances.Many of us who have no financial planning, never even thought to plan for the financial condition, let alone in the future.

Financial planning is actually an essential activity that must be done by everyone and this is what will differentiate between groups of people who always stuck by the lack of liquidity and a group of people who can enjoy life. This paper will attempt to discuss in a simple, how one should begin to plan financially.

Diagnose the financial condition
The first step that needs to be done in preparing the financial plan is to diagnose the condition of our current personal finances. That need to be considered in diagnosing the financial condition is the amount of total revenue, total expenditure, the amount of assets and liabilities are debts that we have.

In general, it is clear that the amount of total income must not exceed the total expenditure. For people who have a fixed income every month can then easily be estimated in total revenue in one year, including non-regular income such as holiday allowances and bonuses. And the spending should be governed not exceed its total regular income.

Revenues from non routine should not be allocated to bear the total expenditure, but must be allocated for investment purposes or to strengthen an emergency fund. As for people who have the type of income variable (not fixed), the total expenditure should not exceed 80% in average income.
Next postal matters more is the lessee. We often mistakenly defined the asset in relation to financial planning.

Real asset is anything that gives the results or our support of productive activities. Simple example is the house we live in and the vehicles that we use can be classified into an asset because it supports our productive activity, while the villas, stereo set, an acoustic guitar, golf clubs and a second vehicle which we seldom use, certainly not an asset category. Savings and investment is one of the real intentions yielding assets.

Debt is a plural thing done and really not something to be feared. Debt is essentially adding our purchasing power by appealing to our revenues in the future into the present.

Matters more in terms of debt is the type and amount of debt repayment obligations that must be our responsibility. Home loans and productive vehicle is clearly the type of debt is reasonable and can be tolerated, but credit card debt is a type of debt that absolutely must be avoided.Interest rate credit card debt reaching an average of 35-48 percent per year and this is clearly a burden our financial liquidity.

Considering the high interest rate credit card, then use a credit card to watch out for the sake of practicality and convenience to the extent only and not to increase our purchasing power by way of debt.

In terms of managing debt, the total amount of our debt repayment obligations should not exceed 30 percent of our total revenue. When we get stuck on the condition of the obligation to pay debts that exceed the threshold, then the debt restructuring absolutely must be done by prioritizing the debts that have high interest, such as credit card debt, unsecured loans and the like.

Own Emergency Fund
The second step in preparing the financial plan is to check the availability of emergency funds that we have. An emergency fund is the fund at any time should be available when unexpected expenses arise.

Many people do not think the availability of emergency funds in their financial planning, so that when spending is not unexpected then that is often done is to add the capability of purchasing power by creating debt, and usually kind of debts are debts with high interest rates such as credit card debt and credit / loan without collateral.

Whereas it is clear that actual debt should never be used as pledge to cover these unexpected expenses. This is where the importance of the availability of emergency funds, so we are not trapped high-interest debt.

The amount of emergency funds to be held in the financial planning varied, ranging from 5 to 20 times our total monthly expenditure, depending on the load that we bear. When we were still single, then simply have a five-month emergency fund total expenditures, while more and more members of our family, the greater the emergency funds that we must prepare.

Simple criterion is that each member of the family who became tanggunan we must have an emergency fund five months of total expenditure. So that when we are already married and has two children, then the total amount of emergency funds that we have is 20 times the total monthly spending us. This emergency fund is not an investment category, but this emergency fund must be invested to expand.

Types of investment options for an emergency fund is an investment which are liquid and have a level of investment risk is relatively small. Investment in an emergency fund is not for the purpose of growth but rather on the availability at any time and are not cracked by inflation. It must be realized that the size of this emergency fund should be increased in line with the increase in our standard of living.

Make a List of Expenditures
Third step in preparing the financial plan is to create a list of expenditures. At this stage the absolute do is check for this type of expenditure which we lived.

Broadly speaking the types of expenditure can be divided into four sections, namely the obligation to pay debts, expenses such as routine household expenses, electricity, telephone, etc., investment and personal expenditure.

As already explained in the first step above, the obligation to pay the debt (repayments) should not exceed 30 percent of our total revenue. And this must be placed on the first priority of the expenditure side.

Defer payment of debt obligations will only lead to the creation of new debt opportunities in the future that have a higher interest rate. The second priority is to manage expenditures in the regular expenditure.

Must be clearly distinguished between routine expenditure and personal expenses. Routine expenditure is the kind of expenditures that absolutely must be done to support our productive activity, could not be saved without degrading the quality of life and can not be avoided, while personal spending is the kind of expenditures that must be sacrificed if there is a decline in income.

Routine expenditure must be maintained in the range of 50 percent of our total revenue. When the routine expenditure has exceeded the threshold of 60 percent of our total revenue, then we do not have the opportunity to invest.

As a result we will lose the opportunity to improve the quality of life in future. So when a routine expenditures are nearing the threshold, we must work even harder for us to increase total revenue.

Investments must also be a priority in the allocation of "expense" we. This investment allows us to enhance the quality of life in the future. Investments will acquire assets that we have and be a source of passive income.

Investment culture should be done early start, how kecilpun our revenues. The amount of the allocation "expense" for the minimum investment is 10 percent of our total revenue. In order for this condition is reached, then the allocation of investment rather than from the rest of our income after deducting the expenses, but had been allocated as soon as we receive revenue.

Please understand that investing is not the same as saving, because saving only provides asset growth rate is relatively very small. The younger the age of our greater weight (percentage) our investment in investment instruments that can provide a high return rate to support our financial future.

It must be realized that the investments that give high returns but have always had a high level of risk and the risk level should be fixed according to the characteristics of our risk tolerance.The more established the condition of our economy, then the asset allocation in the form of investment must be getting bigger, until, in turn, we can achieve financial freedom if the results we receive from our investment in working assets have exceeded or at least close to the results of our productive work.

Personal spending is the only type of expenditure which may and should be sacrificed when there is an increase the percentage of expenditure in the three headings of other expenditures.Postal delays and reductions in private spending will not reduce the quality of our lives and not harm our financial condition in future.

This is clearly different if we reduce our expenditure allocations to the three headings of expenditure priorities first. One way to control personal spending is to open a special account at a bank that is used to support these personal expenses, and this account only contains the remainder of our previous month's revenue after deducting the total expenditure in the third we are heading that priority spending should not be rescinded.

This special account used to fund personal expenses so as not to undermine the three headings of expenditure priorities. With the existence of a special account, then we also did not bother to calculate the allocation of personal expenses that may be performed.

Once we fix our financial situation then we should enter the fourth step, which is planning a short-term financial goals and our long-term. In determining the short-term financial goals and long-term financial goals should be clearly outlined to be achieved and the range of time to achieve it.

Target goals should be realistic and of course adapted to our conditions. Long-term target and then broken down into short-term targets and strategies for achieving that goal.

One of the most decisive factor of success in achieving financial goals is the commitment and order us to obey pre-determined strategy. Financial planner professional from the banking world can be engaged to organize our financial goals.

Hopefully, this paper provides inspiration for us to rearrange and improve our personal finances.Happy investing.

Say "NO" is Simple

Excessive commitments in the job can make you so dry. If you feel trapped in a job, start is learning to say no to your supervisor who asked to do more projects. Maybe not at first easy to say 'no' more than anything else on your colleagues. But try to see some tips below may help you to learn to say no.

1. Understand if you have the right to refuse requests

2. Say 'no' with a polite but direct and firm manner. If you are unable to offer assistance. Do not make people misunderstand by saying 'maybe' or 'will I think' about his request.

3 Offer help to people at this in another way which is not difficult for you, if you can do it.

4. Request for extension of the deadline if possible, if the time limit to be the problem.

Saying 'no' is not an easy job, especially on your colleagues or supervisors. But this is only a matter of habit, if you practice it more often, it will be easier for you to say no to what you do not want or what makes you so hard. Good luck!

Facing Critics

No one in this world who likes to be criticized, especially if you've bothered to do the work or occupation, suddenly objected to the team or someone you know and give unpleasant criticism. But sometimes we need a criticism because in this way can make us better. Sometimes it's aggravating to hear criticism, but do not worry there are ways to make you elated in accepting criticism.

* Show on people who criticize if you listen to criticism by nodding or other verbal signs are known.

* Ask for more information about the comments of critics while making yourself feel better. See the positive side of criticism given.

* Give feedback to your perspective.

* Find common ground between your perspective and critics, and woke up this similarity

* Ask their opinion about your views.

* Express your opinion in other ways.

* Indicate your intention to compromise. View from the side of the objections of the critics and give feedback about how you will resolve these differences. Ask his opinion about these solutions.

* Remember you can not always please others. Ask yourself what critics think this is true, or just opinions of people who are not able to please you

When you feel Isolated by the Others

In modern life, this advanced-paced, lots of options means of communication that we can do in social life. But because the mobile phone, email, fax, Facebook and all that speed up the communication process, there are some people who may feel socially isolated. Some of the tips below may assist you in association problem.

1. Stop comparing your life with the lives of others. Basically what you 'know' about other people based only on presumptions. We will never know what you really think about other people. Remember, do not because you saw a group of people laugh while hanging out together does not mean they have fun. If there are two lovers making out in public that does not mean they are not arguing in the back door. You can not make judgments about the quality of life than what you see and the stories you hear from the mass media.

2. Talk about the media, pay attention to what you read or how it affects your confidence and feelings about life. All stories in the media from witnesses, filtered and edited. The story in the media also have a picture that aims to influence the reader's feelings.

3. Learn to enjoy the feeling of loneliness. It was not anything wrong if we feel lonely. Loneliness does not mean you're a freak or a squirt (less interaction). Loneliness is a natural part of human nature. We're feeling lonely, be aware of if you do not actually own. In this way will help reduce the loneliness of it.

4. Find something you can do, something you like. Discover also the group who loves what you love to do it together next.

5 Be patient. Befriend and strengthen themselves, making the ties of friendship takes time.

6. Participate in activities to help people who are less fortunate. With the help of other people also increases your chance of getting a meaningful social interaction. It also helps you to find other perspectives on the meaning of suffering.

7. Change negative thoughts with gratitude. If you continue to say to myself 'I'm weird. I do not have any friends. I was alone. Everybody turned me down, 'then your life will be printed as you think about it, and you isolate yourself. So instead of making those negative thoughts affect your self, should begin to be grateful for everything you have and focus on that.

8. Remember, emotions are like the seasons come and go in your mind. Just because you're lonely one day, does not mean the next day will remain the same.

9. Overcome feelings of envy, hatred and anger in a way involved consultation, yoga, meditation or to take it in prayer. If you find that you can not successfully overcome the isolation may be time for you to see a psychiatrist, a spiritual teacher to transform yourself. Do not let your emotions interfere with it so out of control.

10. Turn off the computer or leave your busy life, begin to interact with others. Do not just make contact with people in cyberspace, the sense of isolation can be overcome if you met face to face with others

Keep Spirit on The Storm

When everything we hoped for did not run as it should, disappointment is a natural thing to be felt. But do not let the disappointment kill our motivation. It's not easy to maintain morale when everything was bad. Try to follow these few tips that may help.

- When bad things happen. First you have to do is to figure out the situation you're going through. Find out why not run as you expect. Sometimes it is possible to change the way of doing somethings, or change your plans completely. Accept with sincere whatever happen and planned all who do not go well, make the plans more mature.

- Concentration on businesses that you can control. Try not stand on what can not be changed or controlled.

- Positive act. Every time you think about negative things, stop immediately. Remind yourself of the things that work you do and maintain. Promise yourself that everything will go well, and you will keep trying until it works.

Do not let the poor mounds On Gold Mountain

Leave no poor on the mound mountain of gold. This small portion of the sentence our light conversation with one of our ActionCOACH staff in Jakarta some time ago. The conversation started when we were discussing about the impact on the state of entrepreneurship in Indonesia, which increasingly thrive, and give hope to prosper as the provisions of this nation to prosper.

Now the impact on the state of entrepreneurship is no longer dominated by a particular tribe, or group of certain individuals, certain business network, or the descendants of certain breeds, as happened in the 80s. Entrepreneurship has become a national movement, and became the appropriate choice for this nation towards a prosperous nation in the future.

As revealed by a friend of mine said, we still lulled by the number of natural resources into the wealth of our nation, but forgot to empower them optimally. Thus, like life, we still considered a poor nation, it is our house stands on a mound of gold. We also, even, often feel hungry in the granary that stood in the vast expanse of paddy fields. A paradox that is very difficult to be understood by common sense.

Once parsed, it turns out the key word there is in entrepreneurship that was. The spirit of entrepreneurship (entrepreneurial spirit) of our nation with relatively far behind other nations. Weak entrepreneurial spirit made this nation does not move slightly to create added value of natural wealth owned. As a result of other people who enjoy it. Just look at the phenomenon! Export more raw materials to other countries, lazy create new innovations and value added, and most life (the people) is heading a life of hedonism.

Lucky in the past five years a lot of momentum that makes us aware that only a nation that has a high entrepreneurial people who would be able to deliver prosperity to the gate.

Japanese, Korean, China has proved it. Closest neighboring countries like Singapore, also be examples of how the entrepreneurial spirit of its people so grown in this country. Because they are aware, without entrepreneurship, as a country, they will die.

The question is, what provisions must be grown so that we become a nation that berkewirausahaan high? Apparently the answer is: our courage, this nation, to produce human beings who dare to Indonesia and is not afraid to fail. Fear of failure is the nature of the nation of losers, and success belongs only to those who dare.

In entrepreneurship, education is not the most important thing, but being measured by his courage to face all risks, jelly seize opportunities and be able to create added value. Therefore, it is very encouraging, now many established community entrepreneurship, books, magazines, radio shows, TV broadcasts, to seminars and workshops are regularly held to discuss entrepreneurship.

Schools, high pPerguruan students and graduate students will be left if it ignores the spirit of entrepreneurship should be taught. Bureaucracy that does not own and operate the principles of entrepreneurship, seen as bureaucracy that is obsolete, and should be abandoned.

This nation must learn about perseverance, patience, always think optimistically and have a strong will to succeed and prosper.

What will happen to this nation if they can accelerate a nation that has a high entrepreneurial attitude? Next five years we are no longer a poor nation, and also no hunger, nor a nation can only be exported congek TKI.

You, be prepared to entrepeneur!

Dare to Start Business

Many job seekers can not meet the qualifications required by the company due to lack of skills owned stock. The situation got worse when the global crisis began to hit the economy in our country. The impact of the crisis that happened ten years ago is still deeply felt augmented by an additional crisis triggered by the financial crisis that hit the country "Uncle Sam" due to improper management of that housing loan.

While those who work too much stagnated for various reasons. Also fro might not work based on the alias just for the joy factor to get the job. Nowadays many of the workers or employees who work as long as acceptable working and willing to accept a relatively small fee that is not comparable with the more precisely the needs of growing days. As a result a large wedge of the pole. This would complicate myself, then why not choose the path of entrepreneurship just as the solution?

Business sectors that will determine your field, you certainly should consider the business sectors in accordance with their capabilities and your personal desires. Indeed, many people fantasize about becoming a successful entrepreneur. But how can speak of success, if in the initial course you still experience fear? Yes, scared to take risks and uncertainty about the future has become a barrier to many people do not move kwadran and engaged to a businessman.
Without realizing it, many people blame danalah factor which is always the scapegoat. Actually, the capital to become an entrepreneur not only relies on funding factors, but also on the various skills required in accordance with the selected business types, plus the luck factor that only a fraction of a percent.
Self-control and adjust the picture as an ideal business what you want your field!

Many people who procrastinate do business because their business ideas can not be realized, for various reasons such as insufficient capital, not specific areas of expertise or embarrassed because the business opportunities there are now just a mock business, not cool, and so forth. They wait for a miracle that did not come so they chose to ignore the business opportunities that already exist where they think the profits of small and uninteresting, they fantasize about big business to develop or acquire a large project without the support of assets and facilities required.

We suggest you start with the things that you can afford to do it right now, even if you feel the business opportunities that exist today is less attractive but be patient, maybe one day you will find business opportunities with new and better business means that you have pioneered the first . Could be you'll find a great business partner or investor who was sympathetic to you because of the honesty and the quality of your work now. Live always as it is, just do it! You'll never know if you've never tried.

What is entrepreneurship? Before the term self-employment have become so popular today, used to often we hear the term self-employed. The word entrepreneur comes from Wira major meaning, brave, brave, noble, exemplary or warrior. Swa meant himself and Sta mean stand. So self-employed (entrepreneur) means that the main fighter, brave, noble, brave and worthy of being a role model in business field with a base stand on their own feet.

The definition of entrepreneurship is much made by experts, but they saw from their respective perspectives. So that understanding can be applied in accordance with the entrepreneurial environment of our country, it has been agreed upon this definition is as follows.
Entrepreneurship is an integrated unity of the spirit, values and the principles and attitudes, strong, art, and real action that is necessary, right and superior in handling and developing a company or other activities that lead to the best service to customers and other parties stakeholders including the community, nation and state.
Profession as an entrepreneur is also an act that could help the state fair when the work is done, filling procedures, provide foreign exchange to state tax revenues from the sector, and also can provide many job opportunities for many.

Furthermore, the definition of entrepreneurship that has been agreed it would be clearer if it is equipped with qualified entrepreneurs themselves. Based on the qualifications of a person, an entrepreneur is divided into three namely entrepreneurs a reliable, resilient entrepreneurs, entrepreneurs excel.
By knowing the description of a successful entrepreneur, you can learn about the personality you have, whether your potential to become an entrepreneur or you have a lot of learning to change and improve your personality.
How to match type of business with us?
Before choosing the right plan for your business, you should try doing your own self-assessment of the first honestly covering;
1. Ability and experience of actual
2. Time and opportunities available
3. Evaluation of management capabilities
4. Finding suitable business partners
5. Whether or not to form a business entity
6. How to find sources of funding

What should be done before starting a business?
If you already have a business choice, do not jump just like that you are fully invested. Better allocate your funds wisely capital just in case something unexpected happens. So if this really happened then you still have a "coating" to continue your efforts. So before you start a business must first be carefully do the following things:

• Creating a Business Plan
• Ask an expert about your business that will do, frequently to dig as much info-info from forums such as those found on the internet, etc.
• Conduct a survey to a similar business,
• Contact the Bank, whether similar business is still getting support banks
• Explore local to existing customers,
• Who-anyone who will be your competitors are facing,
• Survey whether similar business already saturated, or promising,
• Survey of raw material you need, surveys of business location.
• Sharpen intuition smartness
• Pray

Once your business standing and you are ready with the product or service for sale. This means that you have entered into a battlefield. If you already have a business that does not mean you are directly approached by the customer. For that reason, the things you need to do now is to tell the khlayak about business and the existence of which you do business through word of mouth, advertisements in various media (of course by looking at the type and size of the business that you run).
If you have been able to attract customers, then subsequently seek to improve your service to your customers because they can you make as a means of promotion because if the relevant impressed with your services then it will automatically notify their colleagues. One point that free promotion is not it? So are you ready to jump in the field of entrepreneurship?. (Nfr)

Source: www.resep.web.id
Photo: www.the-entrepreneurs-coach.com

9 Marketing Poin that Sells

There are so many companies competing to attract customers through advertising an attractive and elegant. From the ads, so pull up to forget what the actual purpose of the making of the ad itself. As interesting as anything, if the ads can not "sell" the advertising should be considered bad. Various awards are given as a tribute to the works of the best advertising. But the question is: Is the best advertising is able to touch the market, provide enough information for customers, and able to provide the best output at a cost that is not too big?

However, advertising is a medium between what the company menkomunikasikan have with what customers want. The customer is always thirsty for information as their foothold in the decision to buy an item or ignore it.

Ann Devere, a senior NORconcepts, put forward about 9 points to be considered in designing a good ad. According to Ann Devere, designing ads are not too difficult, but how to communicate the message to reach the customer.

These points are:

1. Earn THEIR ATTENTION

Grab their attention by creating a powerful headline, which will involve the emotions your target market. Depending on your product or service, and also your target market, then your headline should promise one of two things: it promises to solve their problem, or promised to bring them to the enjoyment / pleasure.

- Dentists warn that teeth can cause dental cavities your date.
- Cosmetic dentist will focus their advertising on how well we smile when we are neat and white teeth like a jewel. How it will improve our confidence ...

Think about your target market is, what's on their minds? Will they be more inclined to act so that they get pleasure? Or so the issues they're facing may be missing?

2. Shake THEIR BELIEFS ABOUT WHAT THEY DO NOW!

Ok, you've grabbed their attention. To ensure that they continue to give full attention to your message, they need to wonder:

- Do they have to get the best products and services for the money they pay for this?
- Do they have acted fairly?
- Do they have done the best they can?

3. Arise THEM ON YOUR BELIEFS

After you shake their faith in what they are doing now, you need to grow their faith in you.

- You must prove that you have a solution to their problems.
- You must ensure that you are proficient in your field, and are qualified to solve their problems.
- Show that your products they can rely on to deliver what you promised.
- Prove that your product can fulfill your promise. Begin by explaining:
- How are your products different from competitors.
- What are your credentials.
- Do you have documentation of test results
- Do you have a high percentage of satisfied customers?
- Do you have professional recognition from your peers in
your field?

4. THEY MAKE YOUR SERVICE amazed

You may be the best in your field, or have a superior product. But if your customers can not contact you if they need, whether you still have a high value?

Here are some good examples for you to offer:
- 24-hour hotline to answer questions ---- public.
- Do you serve penggilan? (Especially when it's not common in your industry)
- Do you serve the individual service (one to one service)? Your service hours are convenient for customers? Do you provide shuttle services & inter?

In essence, provide a service that is more common than done, will give a huge advantage for you in the end.

5. THEIR FACE AND Overcome rejection

In any business you are, always will be no rejection to buy what you sell. The most common rejection is usually about the price. You have to deal with explaining why fair for them to pay the price you requested. You must make them uncomfortable, including the issue price, before they are ready to buy from you.

6. Reduce the RISK PURCHASE WITH WARRANTY

Most people associate the type and duration of the warranty with product quality. This can produce or thwart the sale. The longer your guarantee, the greater the likelihood of sales. Warranty also shows that you are an honest businessman.

7. USE TESTIMONIALS

What others say about you, have a value far higher than what you say about your own. Make sure the testimonials are related to the problems that your customers are facing and how they reach the benefit of your product or service. The more testimonials you can, the better.

8. THEY MAKE YOU EASY CALL

Try to contact your prospects, and make it easy and safe to do so. One way is to offer a free consultation or demonstration. This bid will lure your prospects curiosity, while reducing the risk for them.

9. WIN-WIN BONUS

Offer special bonuses or discounts for those who bought on the spot! Your customers will benefit with a value which is usually not that they can, while you earn a profit by generating sales. You should focus on the value they can for their money. If they get a greater value than the price paid, then you have the possibility of increasing sales.

As you can see, designing an effective marketing materials requires adequate preparation. If you pay attention to the nine points above, then you will get a better response and will automatically increase your sales. How high can your response, depending on how well you apply the above nine points in your marketing message.

Another important note, you should take before issuing a qualification about the prospects for their marketing costs. Have you received a brochure about the products that are not expensive you need? How baguspun brochures or marketing material you receive, you still will not buy from that company. The question is: Why did they not know about it? The answer is simple: They do not make time to do the qualifications of their prospects!

Intelligent marketing is to invest money where will yield the best return.

source: infopeluangusaha.com
photo: www.deploy511.org