The 10 Keys to Get Out of Financial Crisis

Financial Crisis is characterised by a problematic financial position where all you seem to be doing is going from one financial problem to the next. Finances are tough. You are barely surviving from payday to payday. There is a strong sense of scarcity; there never seems to be enough and there doesn't seem to be any way out.

When we are in this stage, it is often all doom and gloom. It is extremely difficult to motivate them at first because this is when all their fears and doubts will rise to the surface. Any cut backs that are asked of them appear as huge sacrifices and many resist.

The remedial action for this stage is to break old patterns and, unfortunately, this is the hardest to do. Crisis management is the most difficult stage in personal finance, but the effort that you exert now is more than worth it. There is however certain tips you can take to ease the pressure. The strategies for managing this stage and moving forward are:

1. Establish a debt-free plan
2. Work with a sound budget
3. Start saving
4. Manage your credit cards
5. Identify negative patterns and correct
6. Economise
7. Have a flexible, realistic plan to work with
8. Reduce your spending
9. Reduce your debt
10. Other sources of income
    

We have to learn how to open up to receive more money into our lives. It is a gradual process. That is why most people who win large amounts in the lotteries are often bankrupt within a few short years. The best story I have heard about lottery winners was regarding a man who having won a massive sum just put it in the bank and did not touch it for a year. This man never went bankrupt. He just sat with the money until he got used to it. He gave himself time to decide what to do with it and allowed himself to get accustomed to having the money in his life.

Managing your finances is about building strong foundations. Wasting your money on gambling or lotteries in the anticipation of that big windfall is like trying to put a roof on your house before the foundations are well and truly built. Learn how to master your finances and when the money eventually comes in, you will know how to manage it.

Investment Idea In Property

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Defensive Management Wastes Time and Money

Or as Monty Python screamed, "Meeting, Bloody Meetings!"

The asinine butt-covering (I don't alike appetite to anticipate about area that angel comes from) convenance of arresting administration is on the rise. On one duke it makes faculty that the convenance would be added accustomed as managers are awkward into budget, time and added ability constraints. Managers that accomplish mistakes are generally punished.

On the other, arresting administration devours time and money. Too abounding bootless meetings, micro-managing, abbreviating behavior and procedures are all targeted as a above contributors to the college costs of accomplishing business.

But how boundless is it?

A contempo informal, non-scientific concern on a administration altercation accumulation asked the question:

"Does your aggregation convenance arresting administration in which bodies are generally blockage and rechecking decisions, dabbling decisions, accepting added affair to accomplish abiding anybody is in acceding afore proceeding with a project?"

Many managers responded with an emphatic, yes! "Defensive administration is accomplished everywhere, everyday. And the costs, not to acknowledgment the abridgement of any allusive innovations are artlessly enormous," says one balked chief manager. "We're killing our ambitious spirit one arid affair at a time."

Many managers and admiral -- alike admiral -- would accede that the blackmail of actuality accursed decidedly adds to the butt-covering activity on. In awful chip companies accountability to added managers is a cogent agency in the convenance of arresting management.

One administrator offered, "I'd assumption that 50% of my blockage out with this actuality and that unit, is at atomic partly afflicted by the charge to authenticate cold affidavit of article that we've analysed and assured that it was article account accomplishing to move the business forward."

"It is not aloof the abhorrence of actuality captivated answerable for a mistake," says one supervisor, "but generally the abhorrence of actuality apparent as a lesser-quality leader."

"This cover-your-a- arrangement becomes the standard," says a carnality admiral of marketing, "and the geometric progression of accidental blockage out whether anybody is in acceding becomes self-promulgating."

The burden to over-analyze comes from B2B barter as well. A client wants to apperceive that s/he is accepting the best for less, that will assignment 100% of the time and that s/he is not activity to attending bad.

"Defensive management," says a assembly manager, "is so built-in that best of us don't alike apprehend we are accomplishing it."

Does your aggregation ability animate and accolade bodies accomplishing arresting management?

Money Management Strategies For Building Greater Net Worth and Wealth Creation For Everyone

Smart money management strategies for the average person to build money habits of the wealthy.

If there is any one, straightforward way to get better at managing your finances, it would definitely be learning from the wealthy people. Why? Simply because of their habits.

The primary reason why the wealthy are successful at having money has nothing to do with luck. If that was the case, every lottery/jackpot winner would be a millionaire. However, evidence again and again shows that those same lottery/jackpot winners always go down all the way back to their previous levels of being financially broke. To the uninitiated, this seems inexplicable, since it is assumed anyone would instantly be rich just by having a million dollars.

Why then would the jackpot winners lose it all? Simply because of their habits. Everybody knows humans are creatures of habit, but what they do not realise is that our results, especially financial results, are determined to a great degree by our money habits. It is how you MANAGE your finances, not how you SPEND. Therein lies the fundamental difference in the level of successes enjoyed by the rich and the poor.

The secondary reason why the rich get richer is simply because, since they already know how to manage that much money, they can always start learning how to manage even more. Ever noticed some millionaire losing all his business in a bad year, trying again and getting back up even better? That is simply because he never lost his good money management habits.

Now, the question is, what can you learn from them about budgeting habits? Incredibly simple, but profound. It is to assign mental purpose to your money. Once a portion of your money has been assigned a purpose by you, guess what happens? It usually serves that exact purpose. Incredulous? Try it!

So now you have learnt to assign mental purpose to specific amounts of money, how do you go about getting richer? Simply keep on practising the above exercise. Why? Practice makes 'PERMANENT', not perfect. This is because of the same principle laid out above: our habits.

How to Invest Money in Gold

There are a number of ways to invest in gold and make money when its price rises. Some are more suitable to the average investor than others. You don't need to own the stuff physically to make money in gold. If you are interested in investing in gold, here are some investment options for you.

The least attractive of the investment options, in my opinion, is to buy gold in a physical form. For example, coins. You pay a premium when you buy gold in this way, plus you get clipped when you sell. If you want to liquidate quickly and easily and get what your investment is really worth this is not your best alternative.

If you want to speculate with high financial leverage futures contracts are an option. This is not so much investing in gold; it's speculation. If prices move in your direction you can make a lot of money quickly. If prices go against you loses can be quick and big as well.

Gold stocks are an attractive way for average investors to invest in gold. You can buy and sell shares quickly and easily for as little as $10 a trade or less. When the price of this precious metal goes up, gold stocks follow suit. Why? Because profits for the mining companies soar. In fact, gold stocks often gain considerably more on a percentage basis than the increase in the price of the commodity itself.

If you don't want to pick your own gold stocks you can invest in a portfolio of them two different popular ways. The first way is by buying and selling ETFs (exchange traded funds). They trade just like any other stock.

For most inexperienced investors I suggest the other option: gold funds (mutual funds) that invest in mining stocks. When you invest money in a fund you own a small part of a large portfolio of securities, in this case precious metals stocks. You can invest money or liquidate shares on any business day.

Gold funds are a sensible way for most people to invest money to make money in gold. I do not recommend betting the farm that the price of this precious metal will go up; but having a small portion of your investment assets in gold funds makes sense for most investors.

Historically, what happens in times of financial and economic turmoil? Stocks in general take a beating and precious metals prices go up. What's the most popular precious metal in the world? You know the answer to that question.

As a final note, most investors should invest money in general diversified stock funds, bond funds and money market funds as well. If you decide to cut your investment in any of your funds you can simply switch money to another fund in the same family or investment company. By investing your money in mutual funds you can keep your investment assets under one roof and have the flexibility to make changes when you see fit.

How to Build and Manage a Safe Investment

A safe investment can be defined as an investment that yields good returns in a low risk. Almost everyone invests money to secure themselves financially through investments such as real estate property, stocks and bonds.

Before you invest your money, you must understand thoroughly the intricacies of making an investment. Here are the three main factors that determine the difference between a safe and an un-safe investment:

Diversified portfolio: A diversified portfolio is at lesser risk than an un-diversified one, because your investments are spread out. So, even if one market is not doing well, your other investment may still make you money. A diversified investment portfolio works by acting as a shock absorber when the market falls. You must not keep all your eggs in one basket if you want to invest safely your money.

Risk: The amount of risk you take while making an investment is dubbed as your risk appetite. It is said that higher the risk, greater are your chances of getting a higher return.

Time span: This refers to the duration of time for which you make an investment. The safety of your investment is dependent upon several variables such as fluctuation of the market, liabilities and more. You must keep in mind your personal needs for making the investment. You can have a short, medium or long-term investment depending on the above-mentioned factors.

Most investors use below given formula to calculate how to make a safe investment:

100 - Age of the investor

For instance, if the age of the investor is 40, he should invest 60% (100-40) of his total investment amount in equities and the rest 40% in government securities.

All investment options carry certain inherent risk factors. Thus, a study of all investment options is crucial to safely invest your hard earned money.

Financial tools

Deposits: Deposits are a safe investment option, but they offer very small returns. Deposits include government bonds and fixed deposits.

Mutual Growth: In a mutual fund, professional people manage your money. The risk is low as your investment is diversified.

Bonds: Buying a bond is similar to lending money to an organization. You earn interest on that amount.

Equities: An equity is a long-term safe investment option that offers considerably higher returns than other safe investment options.

Non-financial tools

Gold: When the stock markets go down, the price of gold goes up.

Real Estate: The real estate market is a profitable, but unpredictable investment option.

You can also consult an analyst or a wealth manager to help you make a safe investment. Thus, weighing all the pros and cons of investing in specific sector.

There are many more aspects on building a safe investment, and managing it throughout market fluctuations and differing scenarios, both global and personal (aging, marital status, number of kids), and for that you will need to spend some additional time in educating yourself and making sure you take the right decisions.

Private Money Deal Structuring For Real Estate Investments

There are many choices when it comes to structuring your private money deal. In fact, there are almost "too many" choices and it can be confusing, especially if you are just beginning to raise private investor capital for your real estate investments. Therefore, what I'd like to do here is break down for you the different ways in which you can bring private money into your investment property deals.

First of all, the structure of the deal depends on a few factors, such as:

* Type of investment property (house, apartment, mini-storage, mixed use) - the reason this is important is because each deal has different financial performance characteristics

* Time frame of investment - how long will the deal take from funding to completion? is it a quick flip or a long term hold?

* Private investor objectives - what does the private investor want? are they looking for steady returns or will they defer for bigger upside?

* Tax impact of deal - what is the tax impact to you and your private investors? do accelerated depreciation, 1031's or other factors come into the picture with the property?

Now that we know some of the drivers of real estate investment deal structure, let's look at some of the ways you can structure the private money investment:

1. Limited Liability Company (LLC) - you could bring your private investor in as a member of the LLC or as a private lender to the LLC. Members have ownership interest and lenders are creditors (just like a mortgage company). Investors that are LLC members share in the profits and cash flows. LLC's work well for many real estate investment projects, from houses to apartment buildings. You can set up different classes of members in your LLC, with some getting preferential distributions of cash or proceeds from asset sales.

2. Limited Partnership (LP) - You could bring your private investors in as unit owners in a limited partnership. LLC's have replaced LPs in many cases, but there are still some instances where LPs make more sense (when liability issues with the general partner come into play). Many people have heard of LPs before and there are also publicly traded limited partnerships as well, so there is a general investor awareness. Since they have been used for longer than LLC's, LPs can have more traction with attorney's and CPA's who are working on the deal with you.

3. C-corporation - the big c-corp - you would bring your investors in as shareholders (or lenders to the company). You can have different classes of shareholders (common stock, preferred stock, class A or class B preferred stock). Private investors would receive their returns in the form of dividends from distributed profits or when they sell their shares for a bigger amount than their cost basis. Double taxation is an issue with C-corps, as earnings are taxed at the company level before distribution to shareholders, who then must pay taxes on dividends received. Dividends are generally taxed at lower rates than other forms of income.

4. S-corporation- set up the same as an C-corp in form, but no double taxation. You can only have one class of stock and you are limited in the number of shareholders you may have at 100.

When you match up the deal factors with the investment legal entity structure, you can stack the deck to getting private money more in your favor. If your deal structure is out of alignment - for instance using a C-corp to flip a property in 6 months (you'd be subject to double taxation and you'd have to buy back or facilitate the sale of the investor's stock to return their capital) - you can expect to have a tougher time putting the capital together.

Carefully study deal structures and work with qualified professionals (attorney, CPA, securities lawyer) to set everything up the right way. Good professionals do come with some billable hours, but they are worth their weight in gold when they protect you and your investors and make the deal easier to complete.

This writing is for informational and educational purposes only The contents of this post and of this website do not constitute legal or tax advice. Before conducting any transaction, please consult proper legal and tax counsel.

Adam Davis is a real estate investor, author, speaker and founder of Ultimate Private Money. He teaches real estate investors how to raise capital from private investors. Adam has completed hundreds of real estate deals- from single family house flips, lease options to apartment buildings, land contracts and hard money loans - all with none of his own money. All told, he has raised millions of dollars from private individuals to finance real estate deals. For a FREE audio program on how to get private money go to: http://www.UltimatePrivateMoney.com.

Article Source: http://EzineArticles.com/?expert=Adam_J_Davis

Manage Your Investment by Yourself

As a student we spend almost 20 years to study, study millions of pages but no institution, university teach us how to earn money in order to become reach. You may be genius in study but you can not earn money unless you have financial intelligence. Financially intelligent means managing your money in such a way that you become richer every day. That means to manage your cash flow in such a way that cash inflow should be more than your cash outflow.

Getting richer every day is possible through the investment of your money. Let your money to operate in the market as your slave. This helps your money to grow. If you keep your money in the locker then your money will not grow. The inflation will reduce the value of your locked money. So invest your money to avoid inflation effect and earn more money from your investment.

People usually invest to generate higher return than their investment. The bank CD is usually that kind place. But bank CD provides safety. In order to become reach you have to invest your money in some other option of investment. However, this is true that the investment is not free of risk and the return always will not be as higher as required. On the other hand if you can manage your investment and risk you can maximize your return.

This article is not a call for you to start gambling but it tells you to build your portfolio in such a way that your risk can be minimized and get optimum return. Now the question is where the investment should be done. For this you should know the investment option available in the market.

One can invest in equity shares.

One can invest in mutual fund, debt related funds. Bank fixed deposit, company fixed deposit.

In Equity market you should purchase shares instead of certificates. This is because the equity shares make you a proportionate owner of the company. Here also you can lend your money to the companies like a owner. If companies make profit then you gain interest and if the companies make loss you also loose money. The debt market provides you lower return with safety. The equity market is risky and there is uncertainty in return but if the market is operating well then you will get healthy return.

So you must have control over your investment to ensure positive return. In short your every step should be backed by a strategy and proper planning.

How to Invest Money to Make Money & Avoid Bad Investments

The question is how to invest money to make money. The answer is to invest money only after asking a few questions about investment basics. Here are the questions to ask, and how to invest money to avoid scams and bad deals in general.

How to invest money, rule #1, is that there is no such thing as a perfect investment. A perfect investment would have the following features: guaranteed safe, guaranteed to make money and lots of it, high liquidity, zero costs and expenses, big tax breaks, and easy to monitor... so you always know where you stand financially. All investments can be compared based on investment basics, but no honest proposition contains all of the above features.

A scam will generally IMPLY that safety and high profits are guaranteed. Your first question before you invest money: what are the specific guarantees for safety and investment returns? If the answer you get sounds confusing or misleading, you have no need to ask any more questions. Something is rotten in Denmark, since no investment offers high safety and high profits... except scams. Now, let's move on to some other investment basics and questions to ask. Remember, a large part of knowing how to invest money involves knowing how to avoid bad investments or those that don't fit your needs.

Ask about LIQUIDITY. How quickly and easily can you get your money back if you want to cash in? What will it cost you? This is a very honest question, and the answer you get should be straightforward. You're out to invest money to make money; not to get stuck with a loser that will cost an arm and a leg to liquidate.

The COST OF INVESTING is another investment basic you need to ask about. Most investments involve charges and fees to buy, hold, and/or sell. Many times the details are in the fine print, so make sure to ask upfront. High investment costs can turn a winner into a loser. For example, a good simple fixed annuity will pay a competitive interest rate and will have no charge to invest or hold; and no charges to cash in after just a few years. The wrong annuity contract can cost you 3% or more a year in charges and fees, plus heavy charges if you cash out in the first few years.

Be real careful when an investment promises tax breaks. Ask questions first and get it in writing before you invest money. Then, run it by your tax professional if you have one. If you don't, take a pass. Your goal is to invest money and make money in the process. Not to take a chance and wind up in trouble at tax time.

Our last area of concern in regard to how to invest money and investment basics I refer to as VISIBILITY, or the ability to monitor your investment. After you invest money, then what? Can you track the value of your investment so you know where you stand financially at all times? Will you receive statements each quarter and at the end of each year showing the value of your investment assets?

As a financial planner, some of the worst horror stories of new clients I interviewed were brought to light when I asked to see their records for the investments they held. Sometimes their records or statements were incomplete or otherwise questionable. Sometimes, these investors could find no records at all and didn't know who to contact to find out the status of their investment. That's a perfect example of how to invest... NOT.

Before you invest money, sort out the investment basics covered in this article to avoid scams and other major investment mistakes. Don't be afraid to ask the questions presented here. If you are dealing with honest people, they will be glad to answer your questions. If not, look someplace else.

The Best Investment Management For Your Money

Good investment management requires that you pick good investments, maintain diversification and pay attention to details. Since most people don't really know how to invest on their own, many of them turn to professionals to handle the investment management chore for them. This can be costly. Here's how to get the most bang for your buck ... your best investment.

If you've got several million to invest you're probably not much more knowledgeable than most folks when it comes to investing money - you just have more of it. Hence you can afford to pay big bucks to someone else to pick good investments for you and manage your investments.

Otherwise, you either learn how to invest on your own, pay what you can for professional help, or avoid investing altogether. The latter is a poor choice if you ever expect to get ahead financially. That seems to leave you with two negative choices if you are not really interested in studying investing in detail or paying hard-earned money to someone who calls himself an investment professional.

Don't fret; I've got some good news for you! If you are willing to put forth a little time and effort you can get good professional investment management for a lot less than you think. I call this the peoples' best investment: no-load mutual funds.

Mutual funds in general are designed for folks who need or want help picking good investments and putting together an investment portfolio with diversification. The problem is that some funds have sales charges, yearly expenses and other fees associated with buying, holding and/or selling them. Not only does the fund itself have a cost structure, the investment professional offering them needs to get paid, too.

With no-load funds there is no middleman giving you advice and selling you on the merits of the product (fund). There is no investment salesman telling you how to invest or where to invest ... and charging you for his efforts.

Instead of costing you 5% off the top and 2% or more a year for expenses and perhaps other charges and fees ... you can get professional investment management from some of the largest and best fund companies in the country for less than 1% a year in fund expenses. Period, that's your total cost to invest.

When you invest in no-load funds I suggest you deal directly with the fund company, rather than investing through a brokerage firm's web site. You can go to their web site or call a toll-free number to get info or to open a mutual fund account.

With no-load funds there should be no charges or fees to pay, only modest yearly expenses which are automatically deducted inside the funds themselves. The best investment management deal around? For my money it's no-load funds.