Financial Mate!

Everyone has a different personality, so is everyone's way of earning money. Then how to know each of the characteristics in the cash flow quadrant? Let's look at some of the differences between characteristics in business type S and business type B. One way that can be done to make money is to start your own business. Many people choose type B (business owner) or type S (casual worker). Each has its own advantages and disadvantages and none can be judged better than others. Through this article, My Finances will explain some of the differences between business type S and type B to deepen your understanding in cash flow quadrant . System Differences One significant difference between business types S and B is on the system. Individual B can leave their business for a year and may find his business has grown rapidly when he returns, but not for individual S. Individual S is the system itself, so if he leaves his business for a year, chances are that the business has...

Credit cards can result in people being in debt because of their large interest if they do not pay their bills on time. However, even so, many claim that credit cards can be useful at times, for example in times of emergency where the owner has no more funds. This is often the question, is it permissible if a credit card is used for emergency funds? Are Credit Cards Allowed for Emergency Funds? Before we answer that, it helps us to equate perceptions about emergency funds. Emergency Fund is a fund that we deliberately save to be used at a critical time, which is related to one's survival. Emergency funds are indispensable because in life a lot of unexpected risks can happen. In the science of financial planning, emergency funds have two main functions: A reserved fund, such as a reserve fund in case of termination of employment. Unexpected expenses, medical expenses due to illness or accident. Usually, people who use credit cards for emergency funds are people who do ...

Cashflow Quadrant by Robert T. Kiyosaki is not just a quadrant but is able to distinguish some of the ways a person earns money. One quadrant that usually will be taken by all individuals is quadrant I (Investor). But how to invest without being an investor ? Let's see how Robert T. Kiyosaki invests without having to move to quadrant I. Compulsory Taking Risks Changes in defined benefit pension plans into a defined contribution force many people to become investors. The majority of people are forced to undergo the stage as investors when arriving at retirement age. Similarly, individuals in the E quadrant (employee) and S (casual worker) are generally more concerned with security than taking risks. Unfortunately, quadrant I (investor) requires all individuals to release their sense of security and play with risk factors. However, my finances will explain the solution to investing like an expert investor without having to be an investor. Economic Revolution When there is ...

Choosing a mutual fund is not easy, especially for beginners of mutual fund investors. My Finance Team will present it to you on how to choose the best mutual fund and match your profile. Happy reading and investing properly! Investment is believed to be a tool that can be used to gain financial freedom, such as mutual fund investments. For you, beginners of this investment may have difficulty in choosing the type of mutual fund, where investment in mutual funds will benefit you and also safe from the side of legal legality. The good news for you beginners, investment in the form of mutual funds is basically so simple. Here are some ways you need to understand in investing mutual funds. # 1 Understand Your Investment Profile and Purpose The first principle in investing that is a common understanding is high-risk high return, where profits are largely in line with the big risks you have to bear. If you want a high profit, of course, you need to prepare your mind and guts...

Paying off debt is an obligation for everyone. The interest on the loan can accumulate more if not paid. As a result, you are in debt and gradually bankrupt. Unpaid debt can be a very scary thing. Therefore, paying off debt is one of the priorities in managing finances. But there is another thing that is not less important in regulating cashflow or monthly cash flow, that is an investment. Everyone has their own financial goals. Starting from buying a private vehicle, buying a house, to plan the old day's funds. If you just rely on monthly income to achieve all these financial goals then you will be difficult. That's why you need to invest. Do you think maybe investment will work? Often not. Humans are insatiable beings. As long as money still exists, the desired item will most likely be purchased. If so chances are there is very little money left. Then no funds are invested every month. Even if there is, the amount is not optimal. The problem is simple, many people ca...

Millennial or commonly referred to as Y-generation are those born between 1980 and 2000, people who are known to be the easiest to learn even though they are a bit lazy, as they grew up in a time of technological sophistication today. Growing in an era with more focus on protecting self-esteem, these people often claim that they are unique, special and no one like them. Most of the millennial have entered the productive age. They have jobs, earn money and are financially independent. But most of the millennials do not really understand how to manage their finances well. There are five mistakes that millennials often make in managing their finances to avoid. # 1 Not Doing The Monthly Budget Well When earning income, usually do not do the planning and budget well. As a result of the lack of planning and lack of budget, the most common is the bigger pegs than the pole, the greater the outlay than the income. The income they get, they use for their wishes. Sometimes the ea...

Credit cards provide the ease of your financial transactions, but behind all that ease, there is a huge responsibility in their use. The responsibility in question is where your credit card can spend more than your ability, you are responsible for overseeing its use according to your financial ability. My finances will spell out some dos and don'ts of correct credit card usage. # 1 Do: Keep an eye on It As a wise credit card user, you certainly do not want to spend more than your ability. Watch out for your credit card utilization to avoid stuck credit card bills. In addition, you should limit your use of credit cards not to exceed 30% of your limit. This will help you build a good credit score. # 2 Do: Think Before Making Transactions To avoid overtime paying for credit card bills, think carefully before making a transaction . Consider again whether it is a necessity or a desire? Often what you want is not something you need you know. # 3 Do: Check with Credit Car...

Being a single parent is not what everyone wants. Some parents should be a single parent because their partner has died first. Partly due to husband and wife already do not feel harmonious and have disagreed in housekeeping and eventually chose and decided to divorce. A single parent will certainly make you have a myriad of policies in finance. The various expenditure items that must be covered each month, will be a liability borne by you alone as a single parent. Anything in terms of finances to watch out for? # 1 Adding Your Income It is not easy to be a single parent, in addition to being the only backbone in the family in the affairs of making a living, also must educate and take care of the family. Just like any other family, a single parent should be able to allocate and prepare income for daily life, sudden expenses, and long-term expenditure. There is nothing wrong to find and find a side job that can supplement your income, especially if you have a number o...

Traditional franchises are generally used to extend their products by means of extensive distribution. Companies like McDonald's or Marriott also use a franchise system to expand their brand by allowing others to distribute their products. This is different from traditional franchising and is called Business Format Franchising. In general, a franchise is an employment contract between the franchisor (franchisor) and the recipient (franchisee). Franchise business is usually done by exchanging money with an agreement to run the related business within a certain period of time. Franchisors and franchisees share the same brand but are not related to each other. Franchisee sells products or services in accordance with the provisions of the franchisor, while the franchisor busy floating franchise business. Franchising becomes one of the interesting business solutions and the good news has many alternative options in the franchising business. But before you start a franc...

As an investor, you certainly will not sell the property except under certain circumstances, such as the asset is not able to give a negative profit or cash flow and there is no possibility to fix it. If maintained, then the asset will be a burden for you and threaten your financial future. Before that happens, you need to immediately sell and find other assets more profitable. Keep in mind, however, that never to sell an asset if the replacement is not more perspective. Here are some successful property selling strategies that you can run to get your property sold for the desired price. # 1 Make a Unique Renovation If it looks less interesting and mediocre, you need to do a renovation that requires only a small fee but has a big impact. After seeing your property more beautiful, potential buyers would be interested to see the house. Although it can be done anytime and in a short time, this renovation should be done before the assets are sold. If you want to s...

  Based on data from the American Credit Card Association (ACCA) survey, there is an increase in credit card needs in American by 2016 at 1.18%. Thus, it can be concluded that credit cards are increasingly popular and enthused community. The high interest of the community is certainly encouraging the banks to continue to develop their credit card products with various varied features. An example is an increasing variety of credit card promo at retail to gain points for travelers. With a variety of credit card features, the community also benefited from the presence of a very many feature alternatives. In other words, you can choose a credit card that matches your buying behavior. Well, for you millennial women, surely you already know that the buying behavior of women is different from men. Women tend to shop for household needs, fashion products, beauty products, to treatments such as salon fees and skin care. Then what kind of credit card is suitable for such...

What are the important things about investing for young couples? Young couples, if you are not currently investing then this is the right time. What are the important things about investing for young couples? Young couples, if investment is not terrible 'Investment' sounds like a terrible word for some people. This is because it is not familiar with investment, but heard some frightening rumors from the people around about investing. And investment is a great opportunity to make a profit. Especially if you are a young couple who just married. There are many great needs that must be met immediately, if not invest will be difficult to meet all these needs in the future ini.t this you have not invested then this is the right time. Know three important things about investing for young couples. Opportunity advantage of investment is very big, but there are conditions. The requirement is you must want to know and learn the investment well. This time I will discuss t...