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Posts Tagged ‘Finance’

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Some people may feel taboo to admit, that they are working to collect a lot of money. In fact, we are always met with people that work is not (solely) for the sake of money, but rather as a status symbol, or the means of existence itself. Of course, among the latter are those who don’t have problems with income, or at least have more income. They, thus, also no longer has problems in meeting the demands of their chosen lifestyle.

If I may choose, of course anyone would choose to work for the sake of status rather than for the sake of money. But, if the condition is not possible, it does not mean there is no step can be done for the sake of realizing the Andaman of it. Who the hell wouldn’t want, working with more income, so that financial problems were never again “recording”, and we stay thinking of “fun”? Joshua Kennon through his book entitled How to Become Wealthy: Nine Truths That Can Set You on the Path to Financial Freedom can be the one reference that will help you earn money which more appropriate desires.

Before you go any further into the practical level, you need to first agree that a necessary first step to get more money is to change the way you think about money itself.

Money is something that is paid to you for the work you have done in order to achieve the goals of the company. Or, money is the salary that you pay to your own as a business person who temperance themselves at someone (entrepreneur). He, the money, at all is not the root of all evil or suffering in the world. He is merely a tool that allows you to meet the standard of living you have defined yourself.

Citing the opinion of Ibn Taymiyyah on how the country should have authority to print money:? Amount of money (money which is lower than the dinar and dirham like copper) should only be printed in proportion to the number of transactions in such a way that guaranteed a fair price. Authorities should not be excessive money printing that is harmful to society because of the destruction of the purchasing power of money already on them?.

If only the thought of Ibn Taymiyyah was used as a reference by the monetary authorities and the financial world, Insha Allah the various crises that plagued the people of the whole world is not going to happen. Due to human pride, they are reluctant to seek the right directions? instead of learning from previous mistakes? Instead they buried humanity to the potential for even greater crisis.

I get some real evidence of what the British government last year. When efforts to rescue the economy by controlling interest rates when it has reached 0.5% – the LOWEST in the last 315 years! ? felt not also heal the existing crisis, they began looking for reasonable (-trick) to polish their economies.

So named  way cool Quantitative Easing? that seemed sophisticated, so it is not easy to understand people. Quantitative Easing What is this exactly? Here is my layman’s understanding? apologize to economists because I try to simplify your sophisticated science.

Bank of England

Quantitative Easing was one way the central bank? in the UK meant the Bank of England? ? Print? a large number? new money? in its Balance Sheet. No need to bother to physically print paper money or coins that? but merely to add new numbers electronically at the central bank’s balance sheet.

Once formed, then for what? Records? this money? To purchase troubled assets from the banking world (such as housing loans), government securities, etc.. In this way? Money? who was only fantasy that only typed in the central bank’s balance sheet, has now entered the country’s financial system.

Since each bank has an account at the central bank, the central bank also did not bother to physically move the money (which does not exist physically) to the banks, all in computer data entry only.

Tips Wise Financial Decision Making. Every person must have to make financial decisions, even since the person began to recognize the money. A child who is given pocket money, for example, was given the freedom to buy foods that are preferred or for savings. Thus, financial decisions are not related to age. What matters is whether it is the right financial decisions, wise, and beneficial or not to the breakers.

There are still many people who make financial decisions not based on rational considerations, but rather is driven by emotional impulses or just sheer. There is also a financial decision that does not come from ourselves, but because of the encouragement the environment, whether it be family or friends. Is that wrong? It is not always wrong. Provided the decision is in line with rationality. But in practice, financial decision solely based on emotional usually end up with regrets.

financial goals
There are several factors that should be considered before making a decision. First, the decision must be part of an effort to achieve financial goals. The most simple, for example, the decision to eat at the restaurant. Eating is part of the consumptive needs. In financial planning, of course there is the allocation of how much of your income to meet consumer needs. Well, when you decide to eat at a fancy restaurant, it must be ensured that these measures do not undermine the budget allocations that have been prepared.

Indeed, eating in a fancy restaurant might be trivial. For some people, the numbers do not amount to much. However, if it is done repeatedly, without any budgetary allocation, in turn, will inevitably disrupt the overall financial condition. Moreover, if such behavior is performed using a credit card. The number of new spending will be known when the credit card bill arrives.

financial decisions must have a background. Every financial decision should be based on the background that could be accounted for rationality. So, no you spending a dime that is “like-like”.

If you want any expenditure which is not unexpected, since the beginning should be no allocation of such expenses. For example, 10 percent of your income is earmarked for activities that are just so cost. Is it for-for money for people who think you deserve to be divided, or for activities of a hobby. However, the total allocation for things like that, as described above, should not exceed 10 percent. Unless, you want to reap financial problems later in life. Go ahead.

In conclusion, the actual financial decisions is one important element in ascertaining whether you will succeed or fail in managing finances and, in turn, achieve financial goals. Decisions that are reactive or without a plan will typically give more negative impact.

If your behavior is the reactive, impulsive, and easily influenced by others, it never hurts to start to fix it, if you want to live, in a financial context, no problems.

It looks great, but the original price of the goods were actually expensive. Call it branded bags. The price there are tens of millions. However, due to a 50 percent discount you become hooked and also purchased, with a variety of reasons, including want to own branded goods as prestige. What happens then is remorse. Because, in fact you do not need a designer bag and more than that, is not included in your financial planning. Your financial decisions based solely emotional.

Second Impact, financial decisions should see the impact of short, medium, or long. Suppose you do not already have a house and still live in a rented house. On the other hand, rent a rented house was big enough. So can the question arises, whether to continue contracting, while waiting for an increase in income and when able to buy a house, or now you plan to buy a house with a bank loan.

The choice of contract or buying a home will obviously have an impact long term. That is, if you buy a house, one of your financial goals will be achieved. However, on the other hand, you also will bear the debt of mortgage loans are also long term.

So, which one is better? It’s simple. If you keep a rented house, you do not have debt, but also do not have a home. While on the other hand, some income will be eroded to pay a rental fee or contract houses. As for if you buy a house, you need not pay rent anymore, but your expenses will be allocated to pay the loan installments. Expenditure on the one hand with assets on the other side. Clearly this is a better choice.

 Wise Financial Decision Making Tips. Every person must have to make financial decisions, even since the person began to recognize the money. A child who is given pocket money, for example, was given the freedom to buy foods that are preferred or for savings. Thus, financial decisions are not related to age. What matters is whether it is the right financial decisions, wise, and beneficial or not to the breakers.

There are still many people who make financial decisions not based on rational considerations, but rather is driven by emotional impulses or just sheer. There is also a financial decision that does not come from ourselves, but because of the encouragement the environment, whether it be family or friends. Is that wrong? It is not always wrong. Provided the decision is in line with rationality. But in practice, financial decision solely based on emotional usually end up with regrets.

Financial goals
There are several factors that should be considered before making a decision. First, the decision must be part of an effort to achieve financial goals. The most simple, for example, the decision to eat at the restaurant. Eating is part of the consumptive needs. In financial planning, of course there is the allocation of how much of your income to meet consumer needs. Well, when you decide to eat at a fancy restaurant, it must be ensured that these measures do not undermine the budget allocations that have been prepared.

Indeed, eating in a fancy restaurant might be trivial. For some people, the numbers do not amount to much. However, if it is done repeatedly, without any budgetary allocation, in turn, will inevitably disrupt the overall financial condition. Moreover, if such behavior is performed using a credit card. The number of new spending will be known when the credit card bill arrives.

More extreme example is when “hungry eyes” to have branded goods. Say you’re a walk to the mall with friends. Then stopped at a boutique that is conducting the sales promotion or sale. Most likely you will be tempted to buy. Especially if his promotion to 50 percent.