Month: January 2018

How to Manage Good Family Finance

Managing family finances is a difficult job. How to manage good family finances? Finansialku.com will share tips 14 examples of good family finance management behaviors.

Did You Know, How to Manage Good Family Finance?
Here are 14 examples of how to manage good family finances

  1. Start saving or increasing saved money.
  2. Create a budget and discipline against spending.
  3. Reduce unproductive debt.
  4. Pay full credit card debt every month.
  5. Control or reduce consumptive monthly spending.
  6. Shop with SMART, do not be easily fooled.
  7. Consult a financial planner or an expert if your credit card becomes unmanageable.
  8. Have enough insurance, no more and no less.
  9. Have emergency funds for critical needs.
  10. Consult a financial planner to deal with complicated financial problems.
  11. Create a financial plan to meet future financial goals.
  12. Make a calculation of pension needs early on and start preparing for retirement.
  13. Invest in accordance with financial goals and 3M (mindset, method, money management).
  14. Do not forget to take care of inheritance issues.

Managing Income and Expenditure
Points 1 through 7 describe the habits of managing family finances that can be done immediately. What needs to be done is intention and communication with the whole family. Many people have difficulty managing family finances, not because they can not manage money but most people can not control “desire” or “lust”.

Want to buy this when not yet needed
Want to buy BRAND but have not been able to buy a brand.
Want to WOW and appear EXPENSIVE.
and others.

Managing spending does not mean life is difficult, does not mean living within limitations. Managing spending means organizing and balancing expenses to meet multiple goals, including future goals. In managing finances, there are at least 5 types of expenditures:

  1. Needs
  2. Debts
  3. Desire / Wants
  4. Savings
  5.  Investment

People who have difficulty managing family finances often mis-prioritize their expenses.

Person A

  1. Needs
  2. Investment
  3. Savings
  4. Debt
  5. Desire / Wants

Person B

  1. Desire / Wants
  2. Debts
  3. Needs
  4. Savings
  5. Investment

Figure (a) shows the old or common way people use to manage family finances. Figure (b) shows a wiser way of managing family finances.

What is the difference between how (a) and how (b)? The difference is “PRIORITY” expenditure. Way (b) does not mean that person lives in deficiencies, limitations, can not enjoy life and others. Way (b) is one of your self-respecting forms, which is to divide current expenditures for future needs.

Foundation of Family Finance
Points 8 and 9 are the foundation or foundation of a family finance. Many people (especially married and dependent) tend to underestimate the function of insurance, especially life insurance. Have you met your friends or acquaintances who are married or dependent, preferring car insurance over life insurance? How do you think?

One fact that is unique and often encountered, when you buy insurance, you do not know how much is needed. It could be that you bought too much, too little or wrongly bought the product.

If you currently have an insurance policy and you doubt whether the policy is sufficient or not, then you can consult a financial planner to help calculate your insurance needs.

Conclusion
How to manage good family finances, you can start from the most basic and most important is to manage cash flow (cash flow management). After that just make the next financial plans.

SHE DRIVES A BENZ – I DRIVE A HONDA

My wife is a very loving, caring, intelligent and beautiful woman whom I love dearly. However, when it comes to finances and how we see things we were not even close to being on the same page.

She is about going on nice trips, enjoying life and having the finer things. Me well in one word I am cheap. Not in the sense of not wanting to ever to do anything or spend money but rather I am rational.

I can’t for the life of me agree to spending money on something I want if there are other things out there that we as a family need. Needless to say we have had plenty of disagreements and most ended up being about finances.

Let’s Talk About Cars
The last two cars that my wife owned have been the Audi A4 and C350 Benz while my last car is a 96 Honda Civic Hatchback. She has the fully equipped Benz with leather, sunroof, AMG kit, navigation, and the works.

I drive a hatchback that is almost 20 years old with no A/C, no power locks or windows, no sunroof, and it has a large dent in the back from a rear-end collision from a few years ago. Oh and did I mention I am 6’2 and drive a hatchback?

Sadie as my wife calls her gets a measly seventeen miles to the gallon, costs more then I would like to discuss, cost an arm and a leg to fix, dents and scratches stick out like a sore thumb.

While Betsy the Civic is on the other hand sips gasoline, is low to maintain, gets me from point A to B, doesn’t require full coverage, and only cost $35 to fill up.

The Cost of the Benz
Without going into to much detail on how much we end up spending on Sadie the Benz from Hell lets just look at the cost of tires. I was reading a post the other day were someone mention that they were able to spend $150 per tire.

Heck I would welcome the opportunity to buy tires that cheap for my wife’s car. Tires alone for her car run about $230 for the front and $320 for the back. Yes you read the prices right, and no I cant get them cheaper I have tried other tires and the ride is just horrible.

Mind you this doesn’t even include the cost of the mounting, balancing and alignment. If you think this is a lot you should try buying the tires from the dealer. This is a steal from TireRack.com and you can add about another $30-45 per tire if we go to the dealership.

And What About Betsy
Well for comparison everything on Betsy runs about $500-750 per year but just for giggles we will only compare tires. I don’t need to replace the tires on the Civic that often. We she does need tires I can go to any local tire shop and they usually have what I need in stock.

The tires new usually only run about $65 and yes the ride is horrible but what do you expect the car is older then my son. I don’t get soft tires as they wear a lot quicker the hard tires that seem to last forever.

The Difference the Benz Made
When we first got in engaged my wife was in love with her car. But that love affair wore off after the first couple of payments. Then a little more when people started hitting it with grocery carts and car doors.

I could care less if someone hit my car with a baseball bat and I have no monthly payments. Though I really don’t like the Benz because of the up keep and cost I like it as a car.

The big difference the Benz has made is that my wife now understands that there are a lot more important things in life and a car is well just a car. When you buy an expensive car you have to be ready for everything.

Sadly too many people just see the car payments and not how much the upkeep costs and how many of these cars get poor gas mileage. She once thought that have a car payment was something she would have for life.

Now my wife has turned a new leaf and vow that once this car is paid for never again well she get a car payment.

Teaching My Son About Money
Another thing Betsy has been able to do is help me teach my son about money. One day I was taking him to school and my son said, “why do you drive this old car?” What do you say to that? Most people might have thought it would be time to get a new car.

I used this as a teaching opportunity and gave my son an example. I asked him if he would rather have a nice new truck that cost him $700 per month and another $300 in gas or would he rather have a used car that is paid for and be able to spend the $700 on other things. He chose the used car!

Do We Waste Money On Cars?
Why do we spend so much money on cars? Do we really need them? I have a friend who says it’s different for men then it is for women. He said if he drove a car that was old and beat up woman would just him.

Though he doesn’t think its fair he says that how he rolls up makes a difference in how women see him. Per him he could care less what a woman drives and she could on roller skates. I think it’s an excuse for him to own an M3 but I do admit there is some truth to it.

Personally I just need a reliable car to get me from point A to B. I don’t need anything fancy as I have a lot of other things I need to focus money efforts on.

Women do you spend just as much money on cars as men do, if so why? Do cars help to prove that we are successful and to show to others that we made it or are we just using that to help stroke our egos?

4 Reasons Why We Should Learn The Life of the Little Ants

Who would have guessed animals such as the little ants could teach us the key to life?

In fact when faced with difficulties and obstacles, small ants never give up and always find a way to achieve its goal.

Imagine the success that awaits us if we never give up and always think positive.

How to Think Small Ants
We as humans sometimes forget that the greatest lessons in life can be drawn from the little creatures that surround us, the ants.

Indeed, human beings tend to admire someone or something bigger than ourselves.

But if seen carefully, the philosophy of living ants can be applied also to humans.

Jim Rohn, one of the popular motivators developed a thought known as “Ants Philosophy”.

Jim Rohn identifies four main points of ant habit that can encourage us to be a much better person.

Surely we want to be successful and become a better person, right?

Therefore, follow these four ways of thinking the little ants, so we can be a better person than ever!

# 1 Little Ants Do Not Know The Surrender
If we look closely, the little ants always manage to find another way when faced with an obstacle.

To prove it, try to place your finger on the path the ant passes through.

Instead of shutting down or turning to his house, the ant will immediately find another way to get past that obstacle.

In this life, of course you will always encounter obstacles in this life. Good in terms of work, education, finance, even in terms of socializing.

Like ants, we should not remain silent or even surrender to circumstances.

Because the real challenge is how we can keep trying and immediately find an alternative way to achieve our desired goals.

Winston Churchill, the Prime Minister of Great Britain during the reign of George VI also described the way of thinking of small ants through the following motto:

“Never give up. Never, never give up! ”

# 2 Little Ants Thinking of Winter in Summer
Do you remember one of the tales about the little ants and grasshoppers?

During the summer, small ants are busy collecting food for the upcoming winter, while grasshoppers only have fun during the summer.

Little ants know, summer (a time to relax and take a vacation) will not last forever, because winter is coming soon.

When things are going well and when we’re upstairs, we are often lulled and unconsciously we become a proud person.

Ants teach us that we will not always be on top. Therefore, do not be naive. Do not assume that a crisis or setback will not happen to us.

Learning from ants, we must anticipate problems that can happen in the future.

To prevent such problems from affecting our stable financial condition, we need to set aside an emergency fund in accordance with our current condition.

To anticipate future crisis conditions, be a person who always helps others. Because someday we will need their help.

Always look ahead and remember, good times may not last long but good people will always be there.

# 3 Little Ants Thinking of Winter in Winter
As the little ants face an unbearable winter, they always remind themselves that it will not last forever.

They believe that summer is coming soon.

When the sun shines on the first day of summer, little ants will come out of their nests and prepare to work and play.

In life, not all plans will go smoothly. We must have felt under.

Like when never get a job, do not have fixed income, romance problems, and so forth.

If it happens to us, it’s good to always remember that the crisis will surely pass.

Little ants teach us that we should not be pessimistic with the life we ​​live in, we must remain passionate and optimistic.

Beautiful times will surely come. It’s important to maintain a positive attitude that believes that things will get better.

As the old saying goes:

“Hard times will not last long. Strong people will last forever “.

# 4 Little Ants Do All They Can
Do you know how much food a small ants can collect during the summer? As much as they can!

This is an excellent form of work ethic. Do all we can do!

Little ants do not worry and think about how much food has been gathered by other ants.

They will not be silent and wonder why they have to work hard. Or even complain of wages that are not worth their work.

Little ants will do whatever they can.

If we are sure of the work we have chosen, focus and give the best performance of ourselves.

Success and happiness can usually be achieved if we devote 100% to every work we can do.

If we look around us, we will find that successful people are those who do all they can.

It’s Time We Apply Thinking Little Ants
If you apply the philosophy of the little ants, you will certainly benefit enormously!

These four points in Ant Philosophy from Jim Rohn do look simple, but will have a big impact on you.

Do not give up, always look ahead, stay positive, and do all that can be done.

Beyond these four points, there is another lesson we can take from the little ants.

Did you know that little ants can carry 20x more weight than their own weight?

We as human beings can also be like that.

If at any time you feel the burden you have to endure is so heavy, that you feel you can not get past it, think about how little ants go through it.

Remember that we can bear a greater burden beyond our expectations!

7 WAYS TO INCREASE TRAFFIC TO YOUR BLOG!

For many blogging was once considered to be a personal diary or a student’s project that they used to write something informative and worth reading from time to time and for others it was a way to make money from adsense with little 2-5 page sniper sites. Today, the online world has evolved and now a blog is considered to be one of the most integral and powerful tool for any business.

Blogs/blogging not only allows you to set your level of expertise among your niche but also allows you to get more traffic and leads for your business. All you have to do is to write something creative,valuable and market in such a way that it attracts more audience. I know easier said than done.

There are tons of businesses in the blogsphere and many of them are updating their blog almost every day. But not all blogs are created equal. Its not easy to be as powerful as Mashable, Moz.com or Smashing Magazine, having said that it is clear that these blogs have been using tactics to get better traffic and more exposure within the niche which many of you may or may not be aware of.

Even if you know these tactics maybe you just take them for granted or just are using them effectively. I hear so often from other bloggers that they just don’t have time. Well blogging is hard work and getting traffic requires effort, creativity and a lot of hard work.

Here are some of the basic hacks that you can use for your blog to get more targeted traffic and leads for your business. Most of the hacks I am going to discuss are used by big fishes in blogging niche but are fairly easy and simple.

Guest Blog Posts
Usually people use this for link building but I believe guest blogging is one of the powerful tools for generating traffic for your blog. The idea is simple, you have to outreach to other powerful blogs within your niche and request them to write on your blog as a guest writer.

Guest Blogging is tricky and should be used carefully so that it does not look like you are using it just for linkbuilding. You should be creative and make sure that you change up your author box (people can easily do a Google search and see all of your guest posts). The key would be to write on the same blog for multiple times or a series of post so you that you can start to see a good amount of traffic transfer to your blog.

There are few things you should check before outreaching to blogger for a guest blogging opportunity which are:

• Quality of blog
• Relevancy of blog
• Blog’s interaction
• Social power of the blog.

SEO-Search Engine Optimization
The problem with most bloggers is that they focus on writing innovative and compiling content but forget almost everything that comes under the umbrella of SEO including titles, tags, description, use of keywords in the content, optimized URL, internal linking and more.

If you are looking to increase traffic of your blog, you probably should seriously focus at least a little on SEO and make sure that each of your post is properly optimized for search engines. This will help you get better visibility in search engines and rankings for many of your desired key phrases which will help you drive targeted traffic to your blog. Remember you want to always write for your readers but help the search engines out as well.

Active Comment Interaction
Most bloggers neglect the importance of interaction and replying to the comments both on their site and others. This is one of the many reasons for people to leave your blog. In order to increase traffic to your blog, active comment interaction is necessary; even if you are receiving aggressive or negative comments…it is advisable to answer promptly and with a positive energy. It will help you build audience around your brand that can help you bring more people to your blog.

People usually find a lot of new sites to visit from other popular blogs. When they see your comments and they add value to the conversation they want to see what you have to offer as well. This can be a great way to pick up on traffic from some of the other high traffic site out there and use their traffic to your advantage.

Social Interaction
Social sharing is one of the most powerful ways to increase traffic to blog and cater as many eyeballs as possible. The idea is to have social sharing buttons like Facebook, Twitter, LinkedIn, Google+ and more on your blog post.

When a user reads your post, these buttons will encourage them to share the post with their circles and if your post contains value, chances are you will be able to get more shares and traffic to your blog. The thing is that you want to always see if you can have some of your peers share and tweet your posts. Remember no one likes being the first. Sometimes you have to plant a seed so that people see that others are already sharing your content so that they want to share it also.

You will find that usually once a post as a few shares it is easy for that post to keep getting more and more shares. The more people sharing it in social media the more chances people will visit your site and boost your traffic. Check out how Robert tripled his traffic from Twitter.

Community Sharing and Networking
There are multiple communities available online where you can share your stuff with the like minded people. They will review and vote up or down your post accordingly.

In my personal opinion Reddit is one of the powerful communities where you can share your post easily. There are other communities which are specific to niches like Y-Contributor for start-ups, Inbound.org for internet marketers, Yakezie for personal finance bloggers and more.

Infographics
Information in the form of graphics is popularly known as infographics. Infographic is one of the powerful ways to drive traffic to the website as they are viral in nature and can easily attract eyeballs to the blog.

Try adding infographics to your blog and re-share it on infographics websites like visual.ly, infographics.com and more.

Videos
Similar to Infographics, videos can become viral and have the ability to capture a lot of people. Getting traffic from videos require a lot of work and planning. There is a lot of marketing going on behind the scenes that a lot of people never see. The idea is to create a video and launch it on your blog plus other video sharing websites like Youtube, Vimeo, Vevo, Daily motion and more.

Videos will not only allow you to drive traffic to your website but also encourage you to drive traffic to the website which again can bring more eye balls to your blog.

Conclusion
There are a ton of ways to drive traffic to your site, however the key is finding 2-3 that you can become really good at and making those work. You have limited time and need to focus on things to make sure you are getting the most out of your time. You can jump from one thing to the next all the time. You want to have a mix but you also do want to spread yourself too thin either.

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