Tips: Saving Money Today
Tips
1: Give money to your self first
It doesn’t make any difference if you’re drawing a six figure salary or living paycheck to paycheck, never fail to take 10-20% off the top of every check and deposit it in a high yield bank account previous to paying anybody else – no exceptions. This might sound challenging, or even unnecessary, but is infinitely more simple than attempting to cut down on using the income you know is near by. After all, what you don’t see, you cannot miss. Read the rest of this post »
Posted in: Entrepeneur
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Saving Money from Earlier Age
one of the greatest gifts you can give your children is the ability for them to be able to provide for themselves in the future. This is why it’s a great idea to help get your child into the habit of saving as early as possible.
If you educate your child about saving when they are young, you’ll have the chance to help them build a habit – and an incentive to save – that could last a lifetime.
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Be Wise – Go Investment
There are lessons to be learned over what has happened over the past two years. The derivatives market which may be the indirect cause of all this has to be regulated. The need and pressure for fund managers and investment bankers to make more money for their clients may have forced them to take unnecessary risks, perhaps taking too many shortcuts in their due diligence in investing. What irked a lot of the main investors, those who had taken their life saving and entrusted them to fund managers, was the huge bonuses and golden parachutes given to the CEO’s even in the midst when those same investment firms were in duress or headed for bankruptcy. Read the rest of this post »
Posted in: Finance
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