The Power of Compound Interest
I found this article on Ezine Articles. Very interesting if you want to know how to build a wealth.
Step by Step to Be Wealthy – Discover The Power of Compound Interest
Money cannot buy you happiness, but it can buy something that make you a little bit happier.Thus, it is important you learn how to invest and start investing as young as possible. Why? For a $100 a month, you can lose more than $2 million if you wait.
Let me give you few examples.
1) If you save $100 per month, 12 months you got $1,200 for 40 years, you got $48k.
2) If you put $100 per month in bank that gives you 1% interest per year for 40 years, at the end you got $58k
3) If you invest $100 per month in something that gives you 3% interest per year for 40 years, at the end you got $92k.
4) If you invest $100 per month in something that gives 10% interest per year for 40 years, at the end you got $632k.
5) If you invest $100 per month in something that gives you 15% interest per year for 40 years, at the end of 40 years you got $3.1 million. Now guess? What happen if you delay for 10 years?
6) If you delay for10 years and invest $100 per month in something that gives you 15% interest per year for 30 years, at the end you get $693,625. In short, you just lost more than $2 millions dollar for the delay. Why delay, Start TODAY!
The common excuse is I do not have enough money. So, you can
1) Start putting at least $1 in your Financial Freedom Account.
2) Create additional source of income.
Explore your capabilities, get another job or make money online.
If you want to make money online, visit http://www.StepbyStepToBeWealthy.info
Article Source: http://EzineArticles.com/?expert=SuoPhuan_Tay
Categories: Wealth Building Tags: compound interest
Credit Repair 101: Keep Your Pennies and Other Coins
It’s awesome how much money we carry around as loose change in our pockets, and it’s money we often don’t think of as money.
Half of the time it gets spent on a candy bar because we’re deadly bored rather than anything one needs.
You can turn it into an asset by dumping your change into a jar every night once you get home.
You will find the different and it’s impressive how fast it will add up, and that’s money that can be used for emergencies, or to pay down a debt that suddenly sprunged to the top of the pile.
So let’s start saving it. 
Categories: Credit Tags: credit repair 101, saving tips
7 Tips To Improve Your Income
Everyone says that a man with money is a strong man, and we all know that’s true. You cannot have a successful business man without a suitable cash flow. If this secret is so well known, why are so many struggling businesses? When running the daily aspects of a business this kind of things, money aspects, are not so clear. We will present you 7 tips to help you improve your income.
1. Cash and Carry. Try to build a business based on cash and carry system and stay far away from worries about receivables. This is the best business plan, where customers “pay when they buy” leaving you only with the money. Collecting money takes a lot of your time, that’s why you are almost obligated to come with new options of paying. Set your rules from the start of your business, so your partners and clients will know what you want from them.
2. Collect receivables in a very strict way. Don’t let the customers pay you when they remember, go and collect your money in time. To be a good administrator of your business means to have a successful business, so create and apply a set of collecting rules. Longer wait for receivables, harder becomes collecting them. You don’t need a rude attitude to collect your cash; all it takes is a strong voice behind a stronger man. A very useful thing to do is to establish a collecting date after witch you should send out a follow-up statement within 10 to 30 days from the established date. Each business has its own opinions about the perfect time. You should not send follow-up statements sooner then 10 days from the established date. Payment may be delayed by the mail, but no longer then 30 days. If you don’t receive the payment within a 45 – 60 days term, you should notice your customer trough a phone-call. Accounts that go past a 90 day term should be taken to the next step, of collections with a method you established for this situation. Because time is money, every day that passes you’re collecting term ads more costs for your business.
3. Receivables Funding. Apply a program that involves accounts receivable funding. Factoring of accounts receivable it’s a very good way to keep the cash flowing. Factoring programs are very used by businesses that work with government agencies. If your clients are small businesses or individuals you may find it more difficult to apply an accounts receivable funding program because there are more risks to assume.
4. Suppliers. Negotiate terms with your supplier to help delay the outflow of cash payments. Usually you can delay the payment until the end of the month or even up to 60 days. This allows you a little advantage of working with their money on your projects. Also this delay will end (hopefully) just when your clients pay, so you can pay forward to your vendors. Some companies prefer the route of forwarding, giving you the opportunity increase your offers without having to invest large amounts of money in more products.
5. Deposits of customers. Have your customers pay a deposit before starting your work. This will help you cover the first costs of the project. More and more companies use this method of funding. It reduces the risks of nonpayment because you already got some upfront money.
6. Permanent credit limit. Implement a credit account through a lender to help you keep a floating line of your cash. Especially if the sum of savings form prompt pay discounts is bigger then the financing charge of the lender is smaller then the suppliers charge for late payment.
7. Save founds. Create a “hard time” funding source. Most businesses have ups and downs in their activities and an efficient cash management can be quite difficult. Put some money away during your top times to help you in harsh times. We all know this sounds a little bit hard, but it’s very easy, take a percentage of your monthly earnings and put it in a savings account.
You may find all of these 7 tips useful for your business, or just 1 or 2, but remember that anything you do to improve your cash flow will raise your business. The worst thing you can do is sit back and hope for the best. See all those “CLOSED” signs in the shop windows? They hoped and they lost. Be smart, do your best and keep your business at a pro level.
Categories: Wealth Building Tags: business income, cash flow, investing, monthly income
How to Boost Your Branding With A Slogan
What is a Slogan?
Any form of business branding plan must involve the creation of a slogan. It is one of the basic elements necessary in building an effective brand campaign. A slogan typically consists of a short sentence or a phrase that serve to reinforce the business name or logo. In fact, many big time businesses has created highly successful marketing slogans that it has been recognized by the consumers as much as their name.
Slogan is often dismissed as an element for effective branding methods, which is also the reason why even a potentially good business name fails to deliver. Its purpose main purpose is mainly to enhance and boost the name or provide a tiny glimpse of what the brand promises to deliver. Even simple words or phrases can go a long way when it works well with your brand.
Impact of Slogan to Branding
Brand recall is the main purpose of creating a slogan. They are there to speak for the brand where images fail. This further enables the brand to create a more lasting memory to the minds of the consumers and enhances the market reach of the product.
Therefore, you need not just produce a creative slogan but an intelligent one. The purpose is mainly to capture the consumer’s attention and produce interest about a given product. It enables your audience to stop and think about the possibilities offered by the brand. Depending on your marketing plan, you can utilize a slogan to appeal to either the needs, attitudes, or emotions of the consumers. Therefore, you are trying to compel them to make an action, which in this case is to purchase the product to avail of the benefits it offer.
Why is it such a potent part of your marketing and branding efforts, you may ask? Because it triggers the motivation of the consumers then driving them into action.
Creating a Good Slogan
Due to the importance of the slogan in your business, it is best to assert careful planning into the process of creating a slogan. To achieve a good slogan, you must inform yourself of what the qualities of a good slogan are.
- A good slogan is memorable. Since the purpose of a slogan is to increase brand recall and trigger buyer motivations, it must first be able to capture their attention and stay in their memory for a given period. Staying power is an essential factor in the business industry, so you have to be able to produce something that stays in the mind of the consumers when they go out to buy.
- A good slogan produces images on the consumer’s mind. Most people produce images on their mind when they hear something. Hence, you can trigger the visual patterns of your customers by using the slogan. For instance, you can remind them about your company logo and create a stronger link between the two.
- A good slogan drives people into action. Awakening triggers on the consumer’s part will help make them the decision to buy the product being represented.
- A good slogan highlights the benefit of the product. This is tied up with the efforts of creating product distinction, which is to emphasize the benefits that one can derive from using a company’s products or services.
Advertising versus Business Slogan
Business owners must be able to differentiate advertising from business slogans since they serve different purposes. The business slogan is more important since it concerns the brand identity. It impacts your distinction in the market and the power of your brand.
Meanwhile, advertising slogans are created for a specific marketing objectives and over a short-period of time. It is more concerned over influencing a consumer’s immediate reaction to a given product while business slogan reinforces the reputation of a company as part of its branding efforts.
Categories: Business Tags: business branding