Business and Finance Studio

Archive for the ‘Financial Tips’ Category

Buzz Marketing
You’ve probably heard the following words: fantastic, awesome, incredible, phenomenal, bombastic, and so on. Right! That’s what comedians say Tukul Arwana with his co-host, Marcella Lumowa, in the final session of the television show “Not Four Eyes.” The words above Taklamakan become a mantra adopted by followers understand marketing bombastic and controversial.

marketing_buzzard them, the results obtained should be achieved overnight. If necessary abracadabra! Close your eyes for a moment, then so. Miraculous indeed, some people claim to succeed, but please understand, most of the others bite the fingers. Bite the finger that is not standing still, they continue to buy – to sell again what they already bought. Be they motivator instanan promising instant-instant success.

Just like people who used to plant breeding worms or doing business wave of love. All that is offered is just a dream. The buyer only hope that someday there is a fortune to buy at a price even higher. Until the end of the season, a wave of love and worms turned out to be wishful thinking. Upon awakening, the great capital has grown into a coffin. Scattered about.

I need to remind young people that everything is fantastic, phenomenal, and bombast is not a proper marketing strategy. Because there is no success can be achieved in an instant. After all this world know many kinds of success. There is a temporary success, and there are long lasting success. So surprise it does not necessarily make you successful. I wonder if it was just a mere temporary success.

Once meant, and then die! However, I feel the need to address two of the following, controversial marketing and buzz marketing. Both are different, but often misinterpreted. Moreover, just yesterday you saw the coffin scene that originally alleged terrorist ways, it turns out just how to sell a book.

Not many are people who dare enter this area. Nevertheless there is always those who are tempted or trapped here. Why not many? The answer is because of controversial marketing of high-risk: success (temporary) or die and can lead to lawsuits. The case of the launch of the book with an invitation in the form of a coffin a few days ago  by its author to a number of media is an example.

Internationally, one of the parties keen to deal with legal problems with this approach is Ryan Air. Just imagine, a scene shortly after the terrorist bomb that detonated in the City of London (2005), Ryan Air put an ad with the face of Winston Churchill who said: “We will fly them to the beaches, the mountains, and bring them to the City of London.”

For us, the people of Indonesia who do not live in London may be used to just read the ad. I originally thought, must be democratic country like the UK is not easy to anger against the  silly like that. But what caught my attention, at the time the ad was circulated, the Advertising Standards Authority received 192 complaints against the ad.

Complaints came from people who felt offended and Ryan Air has acted recklessly. “Imagine if you just lost the people you love. And then you read the ad that uses the theme of terrorism (attacks) as a means to sell, would you impress? Remember the people who are victims, who lost future due to the bomb.

Being confronted with debts is an experience, which is quite daunting. When you are in debts, your financial obligations are disorientated and you are not able to make sound decisions on how to settle the debts. In most cases, if you are in a debt, you are likely to continue being in the circles of debts. You can do away with your debt problem through debt counseling. This is one of the most effective ways you can apply to get out of a state of indebtedness.

With a suitable debt settlement firm, you can have a credit counseling program, which can help you to clear all your credit within a period of 4-6 years. Through the program, a negotiation can be carried out on your loan terms with the creditors. The creditors can reduce the loan interest rates up to 0% meaning that you pay your loan without interest rates.

This implies that you are able to clear your debts fast. With recognized debt settlement law firms, you can get back to your financial feet within a relatively short period of time. In typical cases, unless you are able to pay more than your minimum payments, the aspect of getting out of credit debt can take as much as 20 to 30 years and also you get to pay thousands of dollars in interest rates.

After reading the article about the emergency fund, some readers ask questions. Yes, which ones should take precedence? Creating an emergency fund or paying off debt first?

The reason the establishment of emergency funds is simple: Have the savings to help you break the cycle of debt. When your car is damaged, for example, you should not rely on credit cards to make your car back on the road. You have your own savings to get out of the emergency condition.

There is also another reason why people do it. Save more money associated with psychological mind you because it’s about revenue and expenditure. If you can build the habit of saving part of your income – 10% to 20% as what most experts recommend a financial planner – you’ll be on the road to financial strength. Often we hear the advice “Pay yourself first”, this strategy is one key element in family financial planning.

Case For Immediate Refinance Debt

However, on the contrary rather than saving to have an emergency fund, you pay your debt more quickly, then you will pay the cost of debt (interest) is less. Even the highest level of profit sharing in, may not be able to cover interest charges on your credit card. In fact the interest you pay on your credit card balances greater than for the results you get from your savings.

You will have more money, if you pay off high-interest debt first and then build your savings. Instead of collecting your money to put in a savings, it’s better to pay off debt. Because the cost of debt, let alone the use of flowers, will always be greater than the results of your savings.

Throughout life, you will have more wealth if immediately pay off debt and build your own savings.

Of course it applies only if you have been out of debt and not go near him again. If the concept of building an emergency fund just makes you owe more via credit card, then do not force it.

Choose the Middle Way

Maybe do both at once is a middle way? You still pay the debt on schedule and build an emergency fund bit by bit. Until the amount you think is safe, do not need 3-9 months of income, your expenses for at least a month, then you concentrate on paying off debt as quickly as possible. Muster any additional funds you get for your mengeluarkann of debt bondage.

Do The Easy and You Can Do Immediately

Savings have taken the easy bit is the way to break the chain of new debt. You must arrange for a safety fund to prevent you from making new loans, if you went to an emergency, for example, major household appliance such as water pumps, TV or refrigerator is broken. If this situation happens then inevitably you will need funds to repair or replace it, or suddenly have a sick family member and had to buy medicine and the medicine, then of course you need the funds for this.

Beyond that, you need to do what it can do. If the formation of the habit of saving is your top priority, prepare a weekly savings and build an emergency fund might be best for you, even if it means paying more interest. Likewise, if you really want to get out of debt, you can prioritize debt payments more quickly.

In the end, you do need to do both: Eliminate your consumer debt and build an emergency fund

Once you set up education fund baby now, now is the time you start preparing for the next stage of education funding until the baby finish his education. For example, you have just finished setting up education funds to enter elementary school, then begin to set aside up to junior college education. In fact, if possible, until the master’s level education or S2. You know where the importance of the ideals of your child. Because the cost of higher education varies depending on field of study, but also depends on choice of university. If the first 80′s or 90′s, high entry costs  relatively inexpensive land, currently exceeds the cost of private school accrediting A. Yes, since the college became a State-owned legal entity or BHMN, the entry fee or often we are familiar with the term of the building became very expensive money.

Well, we do not want to discuss about the colleges, but we are trying to set up fund for the baby later, by estimating how the needs of the fund. How?

Make a table as below, and fill each column in the table with the following fields:

The first column levels of education that will be passed. The second column how many years your child will enter the next level of education. Example below is for children who currently sit in class 2 , so it takes four years to enter junior high, high school seven years and beyond.

HEALTH is the most important thing in life. Therefore, people sought ways and means to maintain and health care. Even people looking for health insurance to support and guarantee their health. Moreover, the cost of care and treatment of disease gets soar.

By following the health insurance program means you have shifted the risk to other parties. Risks transferred to it, you must pay the premium amount depends on the risks and benefits diverted want to obtain. Nonetheless, you remain observant choose the right insurance that is not harmed in the future. Here we present some tips which you can see before making a decision to follow the health insurance.

Bonadifitas and Track Record
Lately quite a lot of health insurance offered through credit card organizer (Issuer). That is, other than a direct quote from health insurance companies, there is also offering health insurance through credit card organizer (Issuer). Offered to card holders benefit from health insurance and the premiums charged to the card holder directly via credit card.

At this point you should look at what benefits a given insurance company. Is the insurance companies that work with credit card issuers are enough bonafide and have experience? Do not be, when you get sick and make a claim, the process is even more difficult. Even difficult for you. So, to choose the health insurance companies, at least there are two things to be noticed, namely reliability and track record and offer advantages compared to the premiums charged to you.

Savings and Investments
Health insurance services are now very varied. In addition to offering financial guarantees when ill, there are combining it with certain services. For example, premiums paid in part shall be applied as a savings or investment. Of course this offer attractive. But insurance premiums are usually offered will also be greater.

In addition, those who actually participated in the younger age insurance program would get some ease. For example, no medical examination required. Keep in mind that insurance premiums will increase with increasing age of the customer. So, register yourself on health insurance when he was young.

One of the special in unit-linked products are the choice of various types of managed funds provided by the company issuing life insurance. Completeness  type of funding is important, to be tailored to the investment objectives and risk profile of each customer. Risk profile refers to the level of risk that can be tolerated, that you are in readiness to bear the investment risk levels fluctuate.

What is interesting with funds under management, customers are given to move the funds’ fund switching “from one fund into a fund  other according to the financial condition and risk profile may change over time.

However, insurance companies generally provide limits for transfer funds free of charge, after which time it  companies will charge a fee for each transfer of funds administration done.

However, above all the above benefits is important to note that the unit-linked policyholders will not guarantee results  cash value that can be given, but is entirely dependent on the level of the unit price of the underlying units, which in turn depends on how the performance of the fund units of a selected link them.

I was reading some articles and it seems that one of the most important questions people have about bankruptcy is not the decision to do it or not, but also stopping you in the future after they do it. In this article we will talk about the bankruptcy means and you can do after you are in bankruptcy to reorganize your life and make sure this does not happen again.

Bankruptcy
The bankruptcy is one of the legal rights you have to tell your creditors that unfortunately do not have enough money to pay them. Deliveries all your valuable possessions and title (do not remove your TV can do no legal proof that it is yours) and you have to start from scratch. Did you talk to lawyers or the same process / ay after all you’re out owing money to creditors (unless they are student loans or government debt) and you’re ready to redo your life.

Make sure that does not happen again
For some people the bankruptcy process was totally something that nothing could be done to prevent this, the debts were for necessities but the economic crisis led all savings, all years of a healthy financial life and an impeccable debt management. To the surprise of our financial advisors is that there are far more cases that deal more with people who failed to manage their debts, they thought credit cards were free money that only paid the minimum, had no savings and when it came to account the monthly payments on debts were more than household income.

As anyone who has been the case, it is important to begin to take personal finance courses (there are free on the internet) and learn how to live without debt as necessary to our lives. Many people think that credit repair is all you need to exit bankruptcy, but you have to fix your habits of saving and managing money as well.

Read the rest of this entry »

People who want to have successful businesses must understand the need for patience, remember that old saying that Rome was not built in a day and therefore must acquire the “gift” to learn to do things at the right time and the right way.

The formulation of a strategy for planning and execution of all activities that leads you to success can make a big difference, for it also requires good time management.

If you usually are a patient person, you can make a realistic plan that is acceptable in terms of time, activities and objectives. Managing by objectives is often a great way to go getting the goals in a balanced manner as it may establish appropriate time frames for each target.

Remember to be patient is not synonymous with being weak, because the constant and intelligent work should always present in every activity that you perform and to be directed to the productivity of your business.

Of course what I say is the worst mistake you can make a businessman when he wants to be, want to carry out all important tasks that, “nobody else can do as he” is the worst way to think about to create a company that is successful.

And is not that small and medium businesses do all the work for them to do so, or need, but because I think they should do, even some people think it is the only system that can run a business.

Unfortunately this is the worst way of thinking in the business world, this thought becomes a tombstone for a business, believing that for a company to be successful you have to learn how to do everything whether they like it or not, of course this would turn the business owner a slave to his own company.

Does this sound familiar anyone?

I think so. Because you are a business owner, you think you’re responsible for everything, even think that you are the owner of all the money generated (not), just as you think your financial life is at stake, you press, and you drown with a thousand thoughts that something may go wrong if you are not there to fix it.

Unfortunately this is the kind of thinking that leads to small businesses to be “just that” very small.

Of course, this thinking becomes a life tragedy that engulfs the business owner, and it becomes a disability that prevents him from seeing the great potential of your company to become a successful special event and business development.