Hierarchy of Financial Success

Success is everyone dreaming for. There are a lot of success in areas of our life. And for me Success is about fulfilling the needs of others especially if share our ideas and opinions for them to become successful. Successful companies and organizations generally do this by offering products or services that others desire.In financial success it is important Setting-up your financial goals is a very important step in financial management.However, you will find out soon enough that you will have more goals than resources. You will be lucky if your current resources will allow you to save for three goals at the same time. If this is the case, it is very important to prioritize your goals so that you can start saving for them systematically until each goal is realized.

One approach that you can take is to use the concept of Maslow’s Hierarchy of Needs. Abraham Maslow has set up a hierarchy of five levels of basic needs (Physiological, Safety, Social, Esteem, Self Actualization). Beyond these needs, higher levels of needs exist. These include needs for understanding, esthetic appreciation and purely spiritual needs. In the levels of the five basic needs, the person does not feel the second need until the demands of the first have been satisfied, nor the third until the second has been satisfied, and so on.

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Should you save money for a rainy day?

It’s beginning to sound depressing that you may not even want to go through this very important step in planning for your future.But, if you’re really serious, you CAN do something about it.If, after you have defined your goal, you will discover that you have a problem because you don’t know how to ever achieve it, then be consoled in the old adage that says, a problem defined is a problem half solved.

The first step is to face the future squarely and define the challenge: decide what your goal is first and then make a plan.Your goal will not happen just because you defined it.But neither will an investment plan work, if you have no goal to begin with.So, take the time to plan your goals.Dream a dream, if you want to.But do it.Now. Sticking a wad of cash under your mattress may sound like solid advice your great-grandmother gave you, but unless you're getting a healthy return on your investment, it's a poor personal financial choice. One of the oldest rules of personal finance is the simple admonition to pay yourself first. All the money books tell you to do it. All the personal finance blogs say it, too. Even your parents have given you the same advice.

Should you save money for a rainy day? Yes! But instead of hiding it in your home (or even sticking it in a bank account without some deeper analysis of the interest rates), you're doing yourself a disservice and turning down money that is rightfully yours! To pay yourself first means simply this: Before you pay your bills, before you buy groceries, before you do anything else, set aside a portion of your income to save. Put the money into your 401(k), your Roth IRA, or your savings account. The first bill you pay each month should be to yourself. This habit, developed early, can help you build tremendous wealth. If you’re just getting started in the Real World, saving may seem impossible. You have rent, a car payment, groceries, and maybe student loans. Sure, you’d like to save, but there’s just no money left at the end of the month. And that’s the problem: Most people save what’s left over — left over after bills and after discretionary spending.But if you don’t develop the saving habit now, there are always going to be reasons to delay: you need dental work, you want to go to Mexico with your friends, you aren’t making enough to pay your bills. Start saving now instead of waiting until next year (or the year after)

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Budgeting and Saving Your Money for the Future

Budgeting and saving your money for the future aren't the only things you should think about when it comes to your finances. I think the key is setting up a system so that the saving occurs automatically. If putting money away depends on you sitting down each month and writing out a check to your savings account or mutual fund, it may not happen. There will always be some pressing demand preventing you from saving -- an unexpected bill, expenses you didn't foresee, an extravagance you decided to fund "just this once." There are three basic reasons why most people fail to save and invest for their future; lack of know-how, lack of discipline, and lack of resources.
The first one should be easy enough for you to solve, the second may be tougher, and the third might seem impossible to hurdle at the present time. Nevertheless, if you put your mind to it, there is no reason why you can not hurdle all of them. Whichever route you take, the key is making sure that the money actually gets saved or invest. Good intentions aren't enough. You've got to follow through.

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How to begin a Successful Internet Home Business

Most people think that making money on the internet is so easy. We all know that we need to sell a product through web and get close to the consumer interest to our sites. Here's we just learn all those set up that how to make home business less than $5.

Foremost thing you need to sell a product. It may happen the product you are selling is your own .since you are in the business if not so then you are not lucky enough. Selling product through internet just filling out a short application form to affiliate the product sell of that company. Hence, in affiliate business you recruit a new consumer in every second of the company websites and get paid commissions.

As illustrations, most popular affiliate program generally held in Amazon.com Actually, they renowned as a co-occurrence system. Generally free sign up in amazon.com you can get the opportunity to create your own control panel and sell any product directly and build up good numbers of links. Now if you put all those link in your own websites and generate other people to click on them and buy the being product from Amazon, you will earn good amount of commissions.

Once you have started to selling the product through your own websites its really being a great achievement for you .The problem is that most people they don’t have their own websites and even they don’t know how to create about all those stuff or resources, I think they can easily get most popular website building tools on the Internet which is very easy and cheap.

When you visit, for create a website fully instruction is given there with each and every tabs just follow the simple activities to set up your own website. After using this steps and get your website and ready to sell your affiliate company products on the internet with less time consuming. It is as simple and easy without any technical helpful and with few powerful steps you just get your own websites for yours, family, and friend. In fact,
Through Website Builder.com! You could even run a business of setting up new websites for other people.

With all hope for anyone to initialize internet business is fast, easy and cheap. Having the self-made internet home business. Acting the tools covered above that will help to put you on the fast-ways.

contributor: Lewis Andrews

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Put More Cash in Your Pocket

PUT MORE CASH IN YOUR POCKET offers a way out; a way to stop sinking; a way to not just tread water, but to actually start to get ahead. There is a way to get some fast cash that will make a real difference in your life. It's not a magic investment formula or some money-saving gimmick. You just have to keep doing what you're already doing...but in a smarter way. And the only thing you have to give up is your self-defeating attitude toward money.
According to Loral Langemeier, author of Put More Cash in Your Pocket: Turn What You Know into Dough, it's about using your existing talents to create more cash. "The mistake people make is that they just do [what they know] as a hobby instead of thinking, 'I'm an entrepreneur,'" suggests Langemeier. "Anyone who wants to make money can do it."

She offers this four-part model for turning what you love into cash:

1. Do what you know. Use the skills you already have—i.e., web designing, in-home care (nursing), writing, housecleaning, and so on.
2. Replicate and duplicate. Follow a model that's already in front of you. If your idea is too unique, it won't turn into fast cash.
3. Use the "fast-cash formula." Start with what you'd like to make a year, divide by 12 (months), then by 4 (weeks) and then by 5 to figure out what you need to make in a day.
4. Promote yourself. Tell people what you do, and why you're so fabulous at it. And don't be afraid to ask for money! .

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Extra income can be placed on a long-term investment

Me and my friend was discussing an income we earn online, which now is about thousands per month. We are so excited about this income given that it is a lot less than We make from our job.

It’s exciting and scary all at the same time. I’ve got to take that leap though if I’m going to do it. I told my friend I know no one is going to knock on the door and hand me this kind of extra income. We've got this from hardwork and now we have the results. The next step we're going to do is to invest this money to a mutual funds and in a long term investment, in a gov't security in our country as we know it is safe and risk free.

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10 Easy Ways To Organize Your Business Finances

Whether you are a new entrepreneur or a more experienced business owner, taking control of your finances can feel like a part-time job. Some simple tips can help you streamline your time, organize your finances and reduce the stress of business money matters.

1. Keep Your Bills in One Place

When the mail comes, make sure it goes in one place. Misplaced bills can be the cause of unwanted late fees and can damage your credit rating. Whether it's a drawer, a box, or a file, be consistent. Size is also important. If you get a lot of mail, use an area that won't get filled up too quickly.

2. Pay Your Bills on Schedule

Bill paying can be simplified if it's done at scheduled times during the month. Depending on how many bills you receive, you can establish set times each month when none of your bills will be late. If you're paying bills as you receive them, chances are you're spending too much time in front of the checkbook. Although bills may state "Payable Upon Receipt", there's always a grace period. Call the creditor to find out when they need to receive payment before the bill is considered late.

3. Read Your Credit Card Statements

Most people take advantage of low interest credit card offers but never read their statements when paying the bill. Credit cards are notorious for using low interest as bait for new customers then switching to higher rates after a few months. Make a habit of looking at your statement carefully to see what interest rate you are paying each month and if any transaction fees have been applied. If the rate increases or a transaction fee appears on your statement, a simple call to the credit card company can oftentimes be beneficial in resolving the matter. If not, try to switch your money to a more favorable rate.

4. Take Advantage of Automatic Payments

Most banks offer a way to automatically deduct money from your account to pay creditors. In addition, the creditors usually offer a lower interest rate when you sign up for this payment option because they get their money faster and on-time. Consider it as one fewer check to write, envelope to lick and stamp to buy. Just make sure you record the deduction when the automatic payment is scheduled or you run the risk of bouncing other checks.

5. Computerize Your Checkbook

Using a software program is a handy way to organize your finances. Whether it's Quicken(r), Microsoft Money(r) or another package, these easy-to-use programs make bill paying and bank reconciliation a cinch. Computer checks can be ordered almost anywhere and fit right into most printers. Once the checks are printed, all of the information is automatically recorded in your electronic checkbook. Furthermore, many banks have direct downloads into these software packages so when money is deposited or withdrawn, the transaction is entered immediately onto your computer. And, when it comes time to do taxes, it couldn't be easier.

6. Get Overdraft Protection

Most banks have a service where, if you run the risk of bouncing a check, the money will come from another source. For a nominal fee, the bank will link your checking account to either a savings, money market, or credit card so the embarrassment of bouncing a check will be avoided. Call or visit your bank to learn about this convenient feature.

7. Cancel Unused Accounts

Whether it's a credit card or bank account, write a letter requesting that the account is formally closed. Not only will this improve your credit score, it is a useful way to avoid money from being scattered all over the place. Don't let department stores and credit card companies lure you into opening new accounts by offering favorable interest rates and purchase discounts. It's easy for credit to get out of hand by taking advantage of every credit offer that comes your way.

8. Consolidate Your Accounts

If you have several credit card accounts with outstanding balances, try to consolidate them into one. Be careful and check the balance transfer interest rates and one-time fees. Also, make a list of all your open Money Markets, Savings, CDs, IRAs, Mutual Funds, and other accounts to see if any consolidation can be done. Keeping your money in fewer places eliminates all of the guesswork involved and reduces errors.

9. Establish Automatic Savings

Create a link from your checking account into a savings account that will not be touched. This can usually be done through the banks and automatic amounts will be transferred over each month. Most people will not put money into a savings account on a regular basis. They may wait until a large tax refund check arrives or some other event to actually deposit money into savings, retirement or other accounts. If you establish an automatic savings deposit every month, your accounts will begin accumulating money faster than you think.

10. Clean up Your Files

Make sure your paid bills are organized in a filing cabinet. Keep individual files for paid bills. Go through your files at the end of each year and throw out bills and receipts no longer needed for auditing purposes. Contact your local IRS office to see how long records need to be kept for audits. Usually federal tax return audits can be done three years back but cancelled checks may need to be kept for seven. Consult the Internet for auditing and records-keeping procedures for your state or region.

(c) 2005 DebtGuru.com(r). This article may be freely distributed as long as the signature file and active link are included.


Written by: Michael G. Peterson

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Financial education for OFWs urged

CEBU CITY - Financial education is deemed necessary for overseas Filipino workers (OFWs) nowadays in the wake of the looming global economic meltdown, officials from a marketing group said. Jose Enrique de las Peñas, Interna-tional Marketing Group (IMG) president, said he believes that financial education, especially among OFWs that are lucky to still have jobs abroad, helps them offset the fears brought about by the ongoing financial crisis.

"What OFWs and Filipinos, in general, need right now is financial education. They have to increase their knowledge on the right way of savings and on how to take care of their finances and reduce the risk of losing what they have," he said. De las Peñas underscored the huge significance of financial education for Filipinos, "where everyone seems to be in fear of the negative prospects of the future."

IMG, a marketing company dedi-cated to serving the financial needs of individuals, has close to 20,000 OFW members nationwide who have availed themselves of their free financial educa-tion seminars. Majority of these OFWs are working in Taiwan, Hong Kong, Middle East and Europe. IMG Chief Executive Officer Noel Arandilla said the common miscon-ception of financial education is that it should only be limited to the elite or the well-educated.

"Everyone has their equal rights to be wealthy but the masses are afraid to go out of their comfort zones and be edu-cated on how to increase their finances. The lack of education is keeping some of us unequipped to the possible effects of the crisis," Arandilla said. IMG seminars, facilitated by their own financial advisers, are now starting to at-tract people from different professions including doctors, engineers, teachers, factory and office workers, among oth-ers, Arandilla noted.

"A lot of businesses are already facing fears and signs that their companies might not survive the crisis. They ask our help to educate them and help them build their financial foundation," said De Las Peñas, adding a significant interest among cor-porations seeking their advice. He said that at the height of today's financial turmoil, many companies from industries such as information technolo-gy, electronics and education have sought their financial guidance as these sectors have been hit hard by the crisis.

"Fear of the uncertainty of the econ-omy could be battled through financial education. With this, you can take posi-tive, proactive and informative actions and will not be in a panic mode wherein you cannot do right decisions," De las Peñas said.

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Are You Being Productive or Busy

By Todd Falcone

Did you know that there is a gigantic difference between having a productive
day versus simply having a busy day?
I can’t tell you how many people I know, whom I have worked with personally, who thought they were productive in their home based businesses, only to find out that they were simply staying busy conducting menial tasks that meant nothing to their bottom line.
In the end, the only thing that matters is production. Ask yourself, “What did I produce today?” In fact, here’s a great tip to help keep you on track. I do it. It works!

Take out a piece of paper and write down the following words:

What did I produce today?

Now, post it someplace you have to see it daily. Put it on the bathroom mirror or your computer monitor. Put it someplace where you cannot miss it. This is crucial. Read it daily and ask yourself this simple question. If you want to make it in this industry, you must produce. Being busy doesn’t cut it. Being productive is all that matters.

This means, focus your time on conducting revenue-producing activities. If it doesn’t make you money, then don’t do it. I have yet to meet a person who makes money dusting his desk, organizing his leads or cleaning up his office files. You must spend your limited time in production mode. We are all limited to 24 hours in any given day. The question you have to ask yourself is, “How am I spending my valuable time?”

Here are some tips to help you make sure you stay on track and in production mode, and avoid simply “being busy.”

1. If you are involved in network marketing, spend all of your prospecting, presenting, closing and training. Nothing else really matters.

2. If you need to conduct tasks that keep you “busy” (e.g., writing auto-responder letters,producing training documents for your team, etc.), do it during your down time. In other words, do these things when you can’t be making phone calls, such as late at night or very early in the morning.

3. Track yourself and conduct regular self-checks. Log the number of outgoing dials,presentations you made, messages you’ve left, etc. This will help ensure you are on the right path before it’s too late. Making it in this industry is simple. Proper application of the right activities on a daily basis will produce consistent results. Failure is just as simple. Application of the wrong activities — and not recognizing that you are doing the wrong things — will consistently produce nothing but frustration and disappointment.

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IMG-Solution for a Changing World...

International Marketing Group is one of the few companies of its kind in the industry today - a marketing company that is dedicated to serving the financial needs of individuals and families from all walks of life.
International Marketing Group's independent associates do not just work with clients who have large amounts of discretionary income - instead they work with everyday people helping them make critical financial decisions that help move them from where they are to where they want to be.
International Marketing Group is one of the biggest and fastest growing financial distribution companies in the US, Canada, Taiwan, Hongkong, Philippines and going worldwide. IMG has established agreements with many of the world’s leading financial services companies to provide us a broad array of financial products & services. IMG will help you comply accreditation and licensing requirement of all its Product Provider Companies. Multiple companies (Multiple products) will help you get the best product...Best service ... Highest Rate Of Return.... Diversify investments, etc.

OUR MISSION
To Make Your Family's Dream into Reality. We are committed in helping families achieve their dreams, through our business opportunity, as well as our products and concepts.

OUR VISION
To Lead the Financial Revolution International Marketing Group is positioned to become the no.1 marketing company to deliver investment products & concepts to the average people on a grand scale.

OUR SYSTEM
The vehicle allowing us to achieve our vision and our mission. It has effective ways to build a business with its duplicatable, turnkey marketing system. It provides a great opportunity for individuals to become entrepreneurs and build their teams.
Each IMG associate is an independent business owner that operates in the local community. So with International Marketing Group, you're never a number, but a valued neighbor your local associate is eager to help.

While many people have experienced successful careers within International Marketing Group, (IMG) each associate's success level represents individual member experiences. As each individual differs, so will his/her specific results. Work ethic patterns, activity levels and dedication all play a significant role in determining the outcome that one may achieve and in his/her ability to control his/her destiny on an ongoing basis. Any current member's individual results are not representative of what all participants achieve when following the IMG system.

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