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Casual Articles - How To Use Your Hard - Earned Money To Quickly Reach Your Goals
Networking Meetings - Networking Newbies - Take the Sting Out of Meetings
Active business networking gets results. But when you are new to networking, either as a start-up business or as a responsibility in your new job, it can be very scary going to a meeting of business people. Here are 9 tips for networking newbies…Make the meeting as easy as possible for yourself:1) Contact the host or organiser, explain you are new to this and would like some help. Ask if you can have a copy of the attendee list BEFORE the meeting.2) When you get the list, check if there is anyone on the list you know; or a business that your company deals with.3) Then check who you would like to make contact with; who you would like to meet.4) Arrange to be introduced: If you find someone (or a company) you know on the list, give him/her a call and ask if he knows the people you want to meet. If he does, ask if he would mind introducing you at the meeting. You now have someone you can talk to immediately you arrive (the person you've just called) and you have a goal to meet someone new, in a safe environment when you are introduced.If you do not recognise any names on the list, call your host/organiser and ask if he/sh
ates, or minimal tax advantages (non-mortgage and non-student loan debts).Active business networking gets results. But when you are new to networking, either as a start-up business or as a responsibility in your new job, it can be very scary going to a meeting of business people. Here are 9 tips for networking newbies…Make the meeting as easy as possible for yourself:1) Contact the host or organiser, explain you are new to this and would like some help. Ask if you can have a copy of the attendee list BEFORE the meeting.2) When you get the list, check if there is anyone on the list you know; or a business that your company deals with.3) Then check who you would like to make contact with; who you would like to meet.4) Arrange to be introduced: If you find someone (or a company) you know on the list, give him/her a call and ask if he knows the people you want to meet. If he does, ask if he would mind introducing you at the meeting. You now have someone you can talk to immediately you arrive (the person you've just called) and you have a goal to meet someone new, in a safe environment when you are introduced.If you do not recognise any names on the list, call your host/organiser and ask if he/sh
There are two situations where I may ignore the interest rate, and recommend the client pay off the debt ASAP.
(1) Loans from family or friends. These loans, while low interest, may be eating away at the relationship, without you even knowing it. They may reduce the relationship to a formal, strained, money-based transaction, instead of a loving, friendly, supportive bond. You may know the debt is a problem, or ask other relatives to see if the debt is a problem in culture of the family - if so, pay it off quick.
(2) Debt that is keeping your up at night, or making you feel unsuccessful. Debt may be the new "American way" - but it is not right for everyone, or even most people. Monthly payments, or even the idea that you could be repossessed or foreclosed upon, m
How to Make a Difference Every Day
Every day, everyone can make the world a better place. It's simple; it's quick and it is free. All it requires is a recipe containing you (yes, that's YOU!), awareness and a natural disposition to be brave enough to change the day of everyone you come into contact with in a positive way.Appreciating what people do for you, whenever you come into contact with them is the first step. It may not sound much, but saying a sincere 'Thank You' means much to many people - it is not what they experience normally. This can be a 'Thank You' to someone who holds a door open for you to the guy you buy your morning paper from. It can be to an employee who you manage, for something, for goodness sakes, for anything they did well - in the moment, sincerely.The next step, when it is comfortable for you, is to explain what it was they did that was great. So, as an example, it could be to an employee who you manage,'Thank you for that piece of work, your effort has made such a difference to it'.It could be a 'Well done' as you stand in front of a display of merchandise'What I especially like about it, is how you made such a g
So you have a few dollars to save, payoff debts, or invest for the future. What do you do with the money, so you can reach your goals in the quickest and easiest way possible - and not waste time or money on poor decisions? Every day, everyone can make the world a better place. It's simple; it's quick and it is free. All it requires is a recipe containing you (yes, that's YOU!), awareness and a natural disposition to be brave enough to change the day of everyone you come into contact with in a positive way.Appreciating what people do for you, whenever you come into contact with them is the first step. It may not sound much, but saying a sincere 'Thank You' means much to many people - it is not what they experience normally. This can be a 'Thank You' to someone who holds a door open for you to the guy you buy your morning paper from. It can be to an employee who you manage, for something, for goodness sakes, for anything they did well - in the moment, sincerely.The next step, when it is comfortable for you, is to explain what it was they did that was great. So, as an example, it could be to an employee who you manage,'Thank you for that piece of work, your effort has made such a difference to it'.It could be a 'Well done' as you stand in front of a display of merchandise'What I especially like about it, is how you made such a g
Step One: Your Emergency Fund
You have received an inheritance of $50,000. What do you do with the money? Yes, you could buy that big screen TV and sound system, and take a major vacation - but what if you wanted to make huge progress on your goals, and not let the money waste away, bit by bit?
You have $500 left after your monthly bills and other fixed expenses are paid, and you set aside money for gas, food, clothing, and other necessary expenses. You could spend this money on little luxuries, pay extra on your mortgage, or save for retirement. How do you make the decision?
The first priority should be setting aside money in your Emergency Fund. Yes, even before you pay off your credit card debt (unless you are in default or delinquent on your bills - then first pay them enough to bring them up to date).
Regardless of how much credit card debt you have, the first step in creating a prosperous future is to change your habits. When the unexpected bill comes (and it always does), you should have money in your Emergency Fund to pay that bill, to avoid racking up additional credit card debt. If you have spent every extra dollar attempting to pay off your debt & have no money set aside, when something unexpected happens, you will rack up even more debt and be right back where you started.
Your Emergency Fund should contain three to six months of your actual bottom-line living expenses. Or more ... I have some clients with up to one year of cash set aside; typically, they are generally risk adverse, are self-employed, or have a fluctuating income stream. Your amount is not three to six months of your salary - it is the bills and necessarily expenses you would have if you were unable to earn income. These funds should be maintained in a cash account, typically a savings or money market account. The Weinstein family Emergency Fund is in an ING Direct Orange Savings Account.
A home equity line of credit (HELOC) does not count. Yes, you could use a home equity line, or take out a loan on your house, if you were unable to earn income or had emergency expenses. But, it would just rack up your monthly expenses and debt even further. And, since interest rates have risen, even the tax deduction does not compensate for the high expense of using the HELOC.
Once you have a well-established habit of saving money each month, and have your Emergency Fund set aside, we can move to the next step - prioritizing debt and your life goals.
Action Step One:
Open up a dedicated savings or money market Emergency Fund account. Set aside a fixed amount of money each month - whether it is $50, $500, or $5,000 - until your fund is at three to six months of your living expenses.
Step Two: Pay Off "Bad" Debt
You've set up your Emergency Fund, and created a wonderful habit of saving $50, $500, or $5000 each month. We don't want to let that habit disappear ... so where do we put your money next?
Step 2 is to pay off any "bad" debt. What that means really depends upon the person, and your tolerance for debt. Some people are not particularly bothered by debt, so their only "bad" debt are those with high interest rates, or minimal tax advantages (non-mortgage and non-student loan debts).
There are two situations where I may ignore the interest rate, and recommend the client pay off the debt ASAP.
(1) Loans from family or friends. These loans, while low interest, may be eating away at the relationship, without you even knowing it. They may reduce the relationship to a formal, strained, money-based transaction, instead of a loving, friendly, supportive bond. You may know the debt is a problem, or ask other relatives to see if the debt is a problem in culture of the family - if so, pay it off quick.
(2) Debt that is keeping your up at night, or making you feel unsuccessful. Debt may be the new "American way" - but it is not right for everyone, or even most people. Monthly payments, or even the idea that you could be repossessed or foreclosed upon, m
Equipment Manufacturer Suppliers
An original equipment manufacturer or OEM is a company that manufactures goods or gadgets, which are utilized in products sold by another company. These companies are usually termed as a Value Added Resellers or VARs. An OEM usually builds to order, on the basis of the designs provided by the VAR. There are various categories of equipment manufacturing suppliers, such as electrical and electronic test equipment, equipment rental and leasing services, separation equipment and filtration equipment, sprayers and spray coating equipment. The equipment also includes automated test equipment, powder compacting equipment, network test equipment, battery testers and fuel cell test equipment, powder coating equipment and de burring equipment.There are laboratory air handling equipment, groundwater monitoring equipment, industrial fluid filtration equipment, mass finishing equipment and tumblers, web handling, cleaning and processing equipment. Equipment rental and leasing services deal with a wide variety of equipment, machines and appliances, which their customers can use for a fee, for a decided duration. Separation equipment and filtration equipment for liquid and solid materials are applied to filter, condense or
ld be setting aside money in your Emergency Fund. Yes, even before you pay off your credit card debt (unless you are in default or delinquent on your bills - then first pay them enough to bring them up to date). An original equipment manufacturer or OEM is a company that manufactures goods or gadgets, which are utilized in products sold by another company. These companies are usually termed as a Value Added Resellers or VARs. An OEM usually builds to order, on the basis of the designs provided by the VAR. There are various categories of equipment manufacturing suppliers, such as electrical and electronic test equipment, equipment rental and leasing services, separation equipment and filtration equipment, sprayers and spray coating equipment. The equipment also includes automated test equipment, powder compacting equipment, network test equipment, battery testers and fuel cell test equipment, powder coating equipment and de burring equipment.There are laboratory air handling equipment, groundwater monitoring equipment, industrial fluid filtration equipment, mass finishing equipment and tumblers, web handling, cleaning and processing equipment. Equipment rental and leasing services deal with a wide variety of equipment, machines and appliances, which their customers can use for a fee, for a decided duration. Separation equipment and filtration equipment for liquid and solid materials are applied to filter, condense or
Regardless of how much credit card debt you have, the first step in creating a prosperous future is to change your habits. When the unexpected bill comes (and it always does), you should have money in your Emergency Fund to pay that bill, to avoid racking up additional credit card debt. If you have spent every extra dollar attempting to pay off your debt & have no money set aside, when something unexpected happens, you will rack up even more debt and be right back where you started.
Your Emergency Fund should contain three to six months of your actual bottom-line living expenses. Or more ... I have some clients with up to one year of cash set aside; typically, they are generally risk adverse, are self-employed, or have a fluctuating income stream. Your amount is not three to six months of your salary - it is the bills and necessarily expenses you would have if you were unable to earn income. These funds should be maintained in a cash account, typically a savings or money market account. The Weinstein family Emergency Fund is in an ING Direct Orange Savings Account.
A home equity line of credit (HELOC) does not count. Yes, you could use a home equity line, or take out a loan on your house, if you were unable to earn income or had emergency expenses. But, it would just rack up your monthly expenses and debt even further. And, since interest rates have risen, even the tax deduction does not compensate for the high expense of using the HELOC.
Once you have a well-established habit of saving money each month, and have your Emergency Fund set aside, we can move to the next step - prioritizing debt and your life goals.
Action Step One:
Open up a dedicated savings or money market Emergency Fund account. Set aside a fixed amount of money each month - whether it is $50, $500, or $5,000 - until your fund is at three to six months of your living expenses.
Step Two: Pay Off "Bad" Debt
You've set up your Emergency Fund, and created a wonderful habit of saving $50, $500, or $5000 each month. We don't want to let that habit disappear ... so where do we put your money next?
Step 2 is to pay off any "bad" debt. What that means really depends upon the person, and your tolerance for debt. Some people are not particularly bothered by debt, so their only "bad" debt are those with high interest rates, or minimal tax advantages (non-mortgage and non-student loan debts).
There are two situations where I may ignore the interest rate, and recommend the client pay off the debt ASAP.
(1) Loans from family or friends. These loans, while low interest, may be eating away at the relationship, without you even knowing it. They may reduce the relationship to a formal, strained, money-based transaction, instead of a loving, friendly, supportive bond. You may know the debt is a problem, or ask other relatives to see if the debt is a problem in culture of the family - if so, pay it off quick.
(2) Debt that is keeping your up at night, or making you feel unsuccessful. Debt may be the new "American way" - but it is not right for everyone, or even most people. Monthly payments, or even the idea that you could be repossessed or foreclosed upon, m
Advice For Securing A Loan
Useful Ideas If You Are Looking For A LoanThe tips below are sound advice when looking to secure a loan for, say, the purchase of a car.If you already have a loan and are wanting to replace the car and take out a new one remember that the previous loan is in your name and it's therefore your responsibility to make sure that it's paid off. If the dealer promises you that he will take care of this, make sure that you get it in writing from him that he will pay it off within ten days. Some dealers have been known to promise to do this verbally but have then failed to do so and then denied all knowledge of the matter leaving the client to pay off the old loan as well as the new.If there are any manufacturer deals or rebates on offer, they are often very beneficial but watch the long term interest rates. Very often they shoot up after the 'honeymoon' period but if you're on the ball you can benefit from the initial offer and then transfer the loan to a company that offers a lower rate.If you have a bad credit history the chances are that you will either be turned down or the interest rates quoted to you will be higher than normal. It's quite possible to do your own checks so that you have an
ar of cash set aside; typically, they are generally risk adverse, are self-employed, or have a fluctuating income stream. Your amount is not three to six months of your salary - it is the bills and necessarily expenses you would have if you were unable to earn income. These funds should be maintained in a cash account, typically a savings or money market account. The Weinstein family Emergency Fund is in an ING Direct Orange Savings Account. Useful Ideas If You Are Looking For A LoanThe tips below are sound advice when looking to secure a loan for, say, the purchase of a car.If you already have a loan and are wanting to replace the car and take out a new one remember that the previous loan is in your name and it's therefore your responsibility to make sure that it's paid off. If the dealer promises you that he will take care of this, make sure that you get it in writing from him that he will pay it off within ten days. Some dealers have been known to promise to do this verbally but have then failed to do so and then denied all knowledge of the matter leaving the client to pay off the old loan as well as the new.If there are any manufacturer deals or rebates on offer, they are often very beneficial but watch the long term interest rates. Very often they shoot up after the 'honeymoon' period but if you're on the ball you can benefit from the initial offer and then transfer the loan to a company that offers a lower rate.If you have a bad credit history the chances are that you will either be turned down or the interest rates quoted to you will be higher than normal. It's quite possible to do your own checks so that you have an
A home equity line of credit (HELOC) does not count. Yes, you could use a home equity line, or take out a loan on your house, if you were unable to earn income or had emergency expenses. But, it would just rack up your monthly expenses and debt even further. And, since interest rates have risen, even the tax deduction does not compensate for the high expense of using the HELOC.
Once you have a well-established habit of saving money each month, and have your Emergency Fund set aside, we can move to the next step - prioritizing debt and your life goals.
Action Step One:
Open up a dedicated savings or money market Emergency Fund account. Set aside a fixed amount of money each month - whether it is $50, $500, or $5,000 - until your fund is at three to six months of your living expenses.
Step Two: Pay Off "Bad" Debt
You've set up your Emergency Fund, and created a wonderful habit of saving $50, $500, or $5000 each month. We don't want to let that habit disappear ... so where do we put your money next?
Step 2 is to pay off any "bad" debt. What that means really depends upon the person, and your tolerance for debt. Some people are not particularly bothered by debt, so their only "bad" debt are those with high interest rates, or minimal tax advantages (non-mortgage and non-student loan debts).
There are two situations where I may ignore the interest rate, and recommend the client pay off the debt ASAP.
(1) Loans from family or friends. These loans, while low interest, may be eating away at the relationship, without you even knowing it. They may reduce the relationship to a formal, strained, money-based transaction, instead of a loving, friendly, supportive bond. You may know the debt is a problem, or ask other relatives to see if the debt is a problem in culture of the family - if so, pay it off quick.
(2) Debt that is keeping your up at night, or making you feel unsuccessful. Debt may be the new "American way" - but it is not right for everyone, or even most people. Monthly payments, or even the idea that you could be repossessed or foreclosed upon, m
Networking Masterclass - Part 2 Practicing Altruism
Practicing Altruism The 'Golden Rule' occurred in the Greek and Chinese cultures thousands of years before the Christian era: "Do unto others as you would have them do unto you." The spirit of the Golden Rule is one of generosity and altruism and is at the heart of any personal networking and 'right' living. Ralph Waldo Emerson said 'To have a friend, you have to be one', and his words are as true today as they ever were. You can test this out yourself by completing the following simple exercise: List ten people you know best: People You Know Best: H/N S/U1. 2. 3. 4. 5. 6. 7. 8. 9. 10. After each name, write an 'H' if the person is happy, or an 'N' if the person is not happy. Then write an 'S' if the person is selfish or a 'U' for unselfish. Rimland in Psychological Reports (51); Brain/Mind Bulletin 1983 defines 'selfish' as "A stable tendency to devote one's time and resources to one's own interests and welfare - an unwillingness to inconvenience oneself for others." In his experimental study the 2000 individuals who completed this e
well-established habit of saving money each month, and have your Emergency Fund set aside, we can move to the next step - prioritizing debt and your life goals.Practicing Altruism The 'Golden Rule' occurred in the Greek and Chinese cultures thousands of years before the Christian era: "Do unto others as you would have them do unto you." The spirit of the Golden Rule is one of generosity and altruism and is at the heart of any personal networking and 'right' living. Ralph Waldo Emerson said 'To have a friend, you have to be one', and his words are as true today as they ever were. You can test this out yourself by completing the following simple exercise: List ten people you know best: People You Know Best: H/N S/U1. 2. 3. 4. 5. 6. 7. 8. 9. 10. After each name, write an 'H' if the person is happy, or an 'N' if the person is not happy. Then write an 'S' if the person is selfish or a 'U' for unselfish. Rimland in Psychological Reports (51); Brain/Mind Bulletin 1983 defines 'selfish' as "A stable tendency to devote one's time and resources to one's own interests and welfare - an unwillingness to inconvenience oneself for others." In his experimental study the 2000 individuals who completed this e
Action Step One:
Open up a dedicated savings or money market Emergency Fund account. Set aside a fixed amount of money each month - whether it is $50, $500, or $5,000 - until your fund is at three to six months of your living expenses.
Step Two: Pay Off "Bad" Debt
You've set up your Emergency Fund, and created a wonderful habit of saving $50, $500, or $5000 each month. We don't want to let that habit disappear ... so where do we put your money next?
Step 2 is to pay off any "bad" debt. What that means really depends upon the person, and your tolerance for debt. Some people are not particularly bothered by debt, so their only "bad" debt are those with high interest rates, or minimal tax advantages (non-mortgage and non-student loan debts).
There are two situations where I may ignore the interest rate, and recommend the client pay off the debt ASAP.
(1) Loans from family or friends. These loans, while low interest, may be eating away at the relationship, without you even knowing it. They may reduce the relationship to a formal, strained, money-based transaction, instead of a loving, friendly, supportive bond. You may know the debt is a problem, or ask other relatives to see if the debt is a problem in culture of the family - if so, pay it off quick.
(2) Debt that is keeping your up at night, or making you feel unsuccessful. Debt may be the new "American way" - but it is not right for everyone, or even most people. Monthly payments, or even the idea that you could be repossessed or foreclosed upon, m
You’ve Lost Your Job - How Do You Cope?
“I can’t believe I lost my Job!” If this statement isn’t one of your worst nightmares, you don’t know what is…How prepared are you for an unexpected turn of events? What would happen if the foundation upon which your income was based suddenly crumbled—how would you cope?In these tough economic times, the unemployment rate is high and job scarcity is a common problem. The importance of securing a job to guarantee some form of financial security can’t be underestimated. Having a steady job is as relieving as drinking a cold glass of water on a hot summer day. Knowing this, you probably can’t afford to lose your job, especially since the key word is bills, bills and more bills! The only way to settle the “bills” issue is to stay hired.Most people assume and rightly so, that they can't get laid off or get fired. They are aware that these things happen to other people but pray that it doesn’t happen to them. But, what if you are not prepared for it and it happens to you?When we are caught off guard, our coping mechanisms may fail or we may just not know how to react. If you weren’t prepared for this loss, you can definitely use these tips to help you cope during this period.7 Valuab
ates, or minimal tax advantages (non-mortgage and non-student loan debts).“I can’t believe I lost my Job!” If this statement isn’t one of your worst nightmares, you don’t know what is…How prepared are you for an unexpected turn of events? What would happen if the foundation upon which your income was based suddenly crumbled—how would you cope?In these tough economic times, the unemployment rate is high and job scarcity is a common problem. The importance of securing a job to guarantee some form of financial security can’t be underestimated. Having a steady job is as relieving as drinking a cold glass of water on a hot summer day. Knowing this, you probably can’t afford to lose your job, especially since the key word is bills, bills and more bills! The only way to settle the “bills” issue is to stay hired.Most people assume and rightly so, that they can't get laid off or get fired. They are aware that these things happen to other people but pray that it doesn’t happen to them. But, what if you are not prepared for it and it happens to you?When we are caught off guard, our coping mechanisms may fail or we may just not know how to react. If you weren’t prepared for this loss, you can definitely use these tips to help you cope during this period.7 Valuab
There are two situations where I may ignore the interest rate, and recommend the client pay off the debt ASAP.
(1) Loans from family or friends. These loans, while low interest, may be eating away at the relationship, without you even knowing it. They may reduce the relationship to a formal, strained, money-based transaction, instead of a loving, friendly, supportive bond. You may know the debt is a problem, or ask other relatives to see if the debt is a problem in culture of the family - if so, pay it off quick.
(2) Debt that is keeping your up at night, or making you feel unsuccessful. Debt may be the new "American way" - but it is not right for everyone, or even most people. Monthly payments, or even the idea that you could be repossessed or foreclosed upon, may be eating you up at night. You may feel venerable, or like you have never achieved any of your goals until that debt is paid off.
If this is you, then your debts may become a high priority, even over other goals, like college funding or purchasing a new home. Whether your debt should be paid off as a high priority, depends not just upon the interest rate, but upon the mental and emotional interest rate you are burdened with each month you are making loan payments.
Action Step Two:
Take a personal inventory of your debts, and how much they are costing you in mental and emotional energy. Do they bother you? How much? If so, regardless of how low the interest rate is, paying them off should be a high priority. Start today - pay an extra $10, $100, or $1000 on the principal each month. Even better, set up automatic bill payments in your online bank account bill-pay system to make automatic regular extra payments each month or quarter.
Step Three: Goals Funding - Base Level
Now you have set up your Emergency Fund, and paid off your "Bad" Debt, including a loan from a family member, a high-rate credit card, and an old debt from college that was really bothering you.
You have a bunch of goals - retirement, paying off your mortgage, buying your next house, launching a new business, and sending the kids to college.
Which comes first? Retirement? The kids? Paying off your debts? How do you decide?
Step 3 of Where to Put Your Next $1 is to fund your goals, in order of priority, at the base levels - the amount of money you need to satisfy the minimum requirement of your goal.
For example, how much money do you need to pay your bills in retirement - not live an extravagant lifestyle, or play golf every day for 20 years, or travel the world - but how much to keep out of a cardboard box and live comfortably?
How much money do you need to save to send the kids to State College, as opposed to Ivy League? How much would it cost for the house you need, as opposed to the house you want?
Then fund the minimum, base level of those goals in order of priority. This may mean you start by contributing to your retirement plan or IRA, then contribute to a 529 Plan for the kid's college education, then set aside money in a CD to start a business in 3 years, and then, finally, invest to raise funds for a bigger house.
How do you decide the order of priority? First, determine if there is another way to pay for the goal, besides your own savings - if so, then it is probably a lower priority than goals for which you have no other alternative. For instance, there are loans easily available for college education, but not for retirement (with the exception of a reverse mortgage). Also, you could obtain investors or take out a loan to fund a new business, and pay them off with the new income stream.
Second, evaluate if you are giving up "free money" by not utilizing pre-tax or matching savings or retirement plans. If you can save pre-tax, the federal government is contributing to your goal (since you don't have to pay those taxes), and if you don't take advantage of this each year, you are leaving money sitting on the table. Similarly, if you are lucky to be employed by a company who matches a 401(k) plan, you may want to contribute at least the match, to "let" your employer help fund your retirement.
Action Step Three:
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