'When I married Donna, I could get both hands around her waist,' said my husband's grandfather. Pointing at his full-figured wife, he boasted, 'Now look how much I got. That's what I call an investment!' — Katherine Eby, via Reader's Digest.com
In essence, that funny anecdote is right. Of course it doesn't sound very flattering to Katherine's grandmother-in-law, but that's exactly what investment is all about: making sure that your accounts and net worth grow bigger over time.
Investment is that exercise of putting money in a financial account, in your business, in a friend's business, or even in some other companies' business, for the pursuit of growing one's money. Investment is an effort to get one's money to "grow."
Investment works on the principle of "compounded interest." Interest that is added to your principal, or initial investment, itself gets to earn interest. So if you've initially invested $200, at the interest rate of 2.5%, at the maturity term of one month, you'll be earning $5 at the end of that month. If you renew the term of your money, your $205 will then earn $5.13 ($5.125) when another month is over. Certificates of deposit accounts or time deposits work exactly like this.
On the other hand, mutual funds work on the principle of snowballed profits. Mutual funds are as good as stocks and bonds, only you don't manage them yourself. Rather, trained financial experts are hired to manage your money. To invest in mutual funds, you can look into a broker that charges low commissions and check out their offerings.
Basic Tips For Investing In A Business
Investments could also mean those things you purchase or put money in, in order to further your business. Most people take additional studies in order to get the credentials needed to help them advance in their chosen careers. Other people invest in machinery, gadgets and equipment in order to make their lives easier. Then, most businesses invest in people which make up their workforce — their much-needed manpower.
Here are three informal rules of thumb by which you can measure your investments and purchases:
For those of you new to Free Money Finance, I post on The Bible and Money every Sunday. Here's why.
Here's an interesting verse from Proverbs 13:20:
He who walks with the wise grows wise, but a companion of fools suffers harm.
Let me put a personal finance spin on this:
He who associates with and listens to those who are doing well financially becomes wealthy. But someone who follows the advice of those who can't handle their money is destined for the poor house.
Ok, so I'm not a wordsmith (but you already knew that, didn't you?), but you get the idea. If you hang around people who follow the solid financial principles that can make you wealthy, then it's likely those principles will rub off on you and you'll do well too. But if you associate with people who continually make bad money mistakes, you'll probably do the same -- and thus kill your finances.
I'm not talking about having only friends who have it all together financially. But I am saying that it's wise to have friends, on average, who are doing fairly well or at least making good financial choices. And I'm not saying the friends have to be experts on everything. But I learn something from almost all of my friends -- how to save money from one, how to manage retirement from another, how to network for another, and so on.
If I spent most of my time with people who shopped for enjoyment, I'd probably want to do the same. If my friends spent every penny they had on "stuff" to fill up their houses, I'd probably follow suit. And if my friends all had boats and cottages, it probably wouldn't be long before I needed one (or both) too.
Let's face it, you're influenced by who you hang out with. So who do you want influencing you?
I once heard a speaker say that the person you'll be in five years will be determined by the people you know and the books you read. So choose your friends (and your books) wisely!!!
eric seiger
<b>News</b> Corp. Social Games Unit Buys Making Fun | Peter Kafka <b>...</b>
Most of the big media companies have big stakes in digital games, except News Corp. But Rupert Murdoch's company is trying to catch up--without spending a lot of money.
U.S. <b>News</b> & World Report Joins The Print Deadpool
Another major magazine will stop printing its editions and move completely online. US News & World Report, the USA Today of weekly news magazines, will no longer be found on subscriber's mailboxes after its December issue.
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
'When I married Donna, I could get both hands around her waist,' said my husband's grandfather. Pointing at his full-figured wife, he boasted, 'Now look how much I got. That's what I call an investment!' — Katherine Eby, via Reader's Digest.com
In essence, that funny anecdote is right. Of course it doesn't sound very flattering to Katherine's grandmother-in-law, but that's exactly what investment is all about: making sure that your accounts and net worth grow bigger over time.
Investment is that exercise of putting money in a financial account, in your business, in a friend's business, or even in some other companies' business, for the pursuit of growing one's money. Investment is an effort to get one's money to "grow."
Investment works on the principle of "compounded interest." Interest that is added to your principal, or initial investment, itself gets to earn interest. So if you've initially invested $200, at the interest rate of 2.5%, at the maturity term of one month, you'll be earning $5 at the end of that month. If you renew the term of your money, your $205 will then earn $5.13 ($5.125) when another month is over. Certificates of deposit accounts or time deposits work exactly like this.
On the other hand, mutual funds work on the principle of snowballed profits. Mutual funds are as good as stocks and bonds, only you don't manage them yourself. Rather, trained financial experts are hired to manage your money. To invest in mutual funds, you can look into a broker that charges low commissions and check out their offerings.
Basic Tips For Investing In A Business
Investments could also mean those things you purchase or put money in, in order to further your business. Most people take additional studies in order to get the credentials needed to help them advance in their chosen careers. Other people invest in machinery, gadgets and equipment in order to make their lives easier. Then, most businesses invest in people which make up their workforce — their much-needed manpower.
Here are three informal rules of thumb by which you can measure your investments and purchases:
For those of you new to Free Money Finance, I post on The Bible and Money every Sunday. Here's why.
Here's an interesting verse from Proverbs 13:20:
He who walks with the wise grows wise, but a companion of fools suffers harm.
Let me put a personal finance spin on this:
He who associates with and listens to those who are doing well financially becomes wealthy. But someone who follows the advice of those who can't handle their money is destined for the poor house.
Ok, so I'm not a wordsmith (but you already knew that, didn't you?), but you get the idea. If you hang around people who follow the solid financial principles that can make you wealthy, then it's likely those principles will rub off on you and you'll do well too. But if you associate with people who continually make bad money mistakes, you'll probably do the same -- and thus kill your finances.
I'm not talking about having only friends who have it all together financially. But I am saying that it's wise to have friends, on average, who are doing fairly well or at least making good financial choices. And I'm not saying the friends have to be experts on everything. But I learn something from almost all of my friends -- how to save money from one, how to manage retirement from another, how to network for another, and so on.
If I spent most of my time with people who shopped for enjoyment, I'd probably want to do the same. If my friends spent every penny they had on "stuff" to fill up their houses, I'd probably follow suit. And if my friends all had boats and cottages, it probably wouldn't be long before I needed one (or both) too.
Let's face it, you're influenced by who you hang out with. So who do you want influencing you?
I once heard a speaker say that the person you'll be in five years will be determined by the people you know and the books you read. So choose your friends (and your books) wisely!!!
eric seiger
<b>News</b> Corp. Social Games Unit Buys Making Fun | Peter Kafka <b>...</b>
Most of the big media companies have big stakes in digital games, except News Corp. But Rupert Murdoch's company is trying to catch up--without spending a lot of money.
U.S. <b>News</b> & World Report Joins The Print Deadpool
Another major magazine will stop printing its editions and move completely online. US News & World Report, the USA Today of weekly news magazines, will no longer be found on subscriber's mailboxes after its December issue.
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
eric seiger
eric seiger
<b>News</b> Corp. Social Games Unit Buys Making Fun | Peter Kafka <b>...</b>
Most of the big media companies have big stakes in digital games, except News Corp. But Rupert Murdoch's company is trying to catch up--without spending a lot of money.
U.S. <b>News</b> & World Report Joins The Print Deadpool
Another major magazine will stop printing its editions and move completely online. US News & World Report, the USA Today of weekly news magazines, will no longer be found on subscriber's mailboxes after its December issue.
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
'When I married Donna, I could get both hands around her waist,' said my husband's grandfather. Pointing at his full-figured wife, he boasted, 'Now look how much I got. That's what I call an investment!' — Katherine Eby, via Reader's Digest.com
In essence, that funny anecdote is right. Of course it doesn't sound very flattering to Katherine's grandmother-in-law, but that's exactly what investment is all about: making sure that your accounts and net worth grow bigger over time.
Investment is that exercise of putting money in a financial account, in your business, in a friend's business, or even in some other companies' business, for the pursuit of growing one's money. Investment is an effort to get one's money to "grow."
Investment works on the principle of "compounded interest." Interest that is added to your principal, or initial investment, itself gets to earn interest. So if you've initially invested $200, at the interest rate of 2.5%, at the maturity term of one month, you'll be earning $5 at the end of that month. If you renew the term of your money, your $205 will then earn $5.13 ($5.125) when another month is over. Certificates of deposit accounts or time deposits work exactly like this.
On the other hand, mutual funds work on the principle of snowballed profits. Mutual funds are as good as stocks and bonds, only you don't manage them yourself. Rather, trained financial experts are hired to manage your money. To invest in mutual funds, you can look into a broker that charges low commissions and check out their offerings.
Basic Tips For Investing In A Business
Investments could also mean those things you purchase or put money in, in order to further your business. Most people take additional studies in order to get the credentials needed to help them advance in their chosen careers. Other people invest in machinery, gadgets and equipment in order to make their lives easier. Then, most businesses invest in people which make up their workforce — their much-needed manpower.
Here are three informal rules of thumb by which you can measure your investments and purchases:
For those of you new to Free Money Finance, I post on The Bible and Money every Sunday. Here's why.
Here's an interesting verse from Proverbs 13:20:
He who walks with the wise grows wise, but a companion of fools suffers harm.
Let me put a personal finance spin on this:
He who associates with and listens to those who are doing well financially becomes wealthy. But someone who follows the advice of those who can't handle their money is destined for the poor house.
Ok, so I'm not a wordsmith (but you already knew that, didn't you?), but you get the idea. If you hang around people who follow the solid financial principles that can make you wealthy, then it's likely those principles will rub off on you and you'll do well too. But if you associate with people who continually make bad money mistakes, you'll probably do the same -- and thus kill your finances.
I'm not talking about having only friends who have it all together financially. But I am saying that it's wise to have friends, on average, who are doing fairly well or at least making good financial choices. And I'm not saying the friends have to be experts on everything. But I learn something from almost all of my friends -- how to save money from one, how to manage retirement from another, how to network for another, and so on.
If I spent most of my time with people who shopped for enjoyment, I'd probably want to do the same. If my friends spent every penny they had on "stuff" to fill up their houses, I'd probably follow suit. And if my friends all had boats and cottages, it probably wouldn't be long before I needed one (or both) too.
Let's face it, you're influenced by who you hang out with. So who do you want influencing you?
I once heard a speaker say that the person you'll be in five years will be determined by the people you know and the books you read. So choose your friends (and your books) wisely!!!
eric seiger
eric seiger
<b>News</b> Corp. Social Games Unit Buys Making Fun | Peter Kafka <b>...</b>
Most of the big media companies have big stakes in digital games, except News Corp. But Rupert Murdoch's company is trying to catch up--without spending a lot of money.
U.S. <b>News</b> & World Report Joins The Print Deadpool
Another major magazine will stop printing its editions and move completely online. US News & World Report, the USA Today of weekly news magazines, will no longer be found on subscriber's mailboxes after its December issue.
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
eric seiger
<b>News</b> Corp. Social Games Unit Buys Making Fun | Peter Kafka <b>...</b>
Most of the big media companies have big stakes in digital games, except News Corp. But Rupert Murdoch's company is trying to catch up--without spending a lot of money.
U.S. <b>News</b> & World Report Joins The Print Deadpool
Another major magazine will stop printing its editions and move completely online. US News & World Report, the USA Today of weekly news magazines, will no longer be found on subscriber's mailboxes after its December issue.
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
<b>News</b> Corp. Social Games Unit Buys Making Fun | Peter Kafka <b>...</b>
Most of the big media companies have big stakes in digital games, except News Corp. But Rupert Murdoch's company is trying to catch up--without spending a lot of money.
U.S. <b>News</b> & World Report Joins The Print Deadpool
Another major magazine will stop printing its editions and move completely online. US News & World Report, the USA Today of weekly news magazines, will no longer be found on subscriber's mailboxes after its December issue.
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
<b>News</b> Corp. Social Games Unit Buys Making Fun | Peter Kafka <b>...</b>
Most of the big media companies have big stakes in digital games, except News Corp. But Rupert Murdoch's company is trying to catch up--without spending a lot of money.
U.S. <b>News</b> & World Report Joins The Print Deadpool
Another major magazine will stop printing its editions and move completely online. US News & World Report, the USA Today of weekly news magazines, will no longer be found on subscriber's mailboxes after its December issue.
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger eric seiger
eric seiger
eric seiger
eric seiger
<b>News</b> Corp. Social Games Unit Buys Making Fun | Peter Kafka <b>...</b>
Most of the big media companies have big stakes in digital games, except News Corp. But Rupert Murdoch's company is trying to catch up--without spending a lot of money.
U.S. <b>News</b> & World Report Joins The Print Deadpool
Another major magazine will stop printing its editions and move completely online. US News & World Report, the USA Today of weekly news magazines, will no longer be found on subscriber's mailboxes after its December issue.
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
big seminar 14
Business owners experience much stress when starting a brand new business. There are multiple things to worry about when running daily operations. Some business tasks consist of satisfying current customers and catering to their needs, finding new customers to increase business profits, and how to balance business funds the right way. Becoming a business owner is not an easy task, but it has major benefits if you succeed. One of your main goals as a business owner is to manage your business credit wisely. There are a few simple steps that will make this entire process easy to accomplish.
Monitor your business credit regularly. Regular consumers are not the only ones that must perform this task frequently, business owners must do the same. Businesses can become victims of fraud and identity theft, just like non business owners. Identity thieves are constantly monitoring the internet for their latest victim. Owning a business and accessing the internet could place your customer's information at risk. You must make the effort to safeguard their information from unwanted visitors. Request a business credit report every few months and subscribe to an up to date alert system. By doing this, you will be able to quickly identify any unfamiliar charges. Not monitoring your business credit report can cause you unnecessary stress and a loss of customers.
Obtain a business credit card for business purposes only. One of the biggest mistakes a business owner can make is to spend business credit on personal items. It can easily become out of control and cause your business to suffer in a major way. A business credit card should only be used for the necessities of your business. There will be many occasions when an unexpected business expense will pop up. In order to keep your business running smoothly, you will need to have access to a business charge account. Business owners should not max out their credit card accounts for personal pleasure. Mismanaging your business funds can cause current and potential customers to look at you in an unprofessional way.
Keep your personal finances intact at all times. Although you are not mixing your business finances with your personal finances, everything should still be in great working order. Business owners that cannot manage their personal finances, may also have issues with organizing business finances as well. Before taking the final leap into owning your very own business, get your personal finances in order first. It will be less stressful for you as a new owner. You will also be able to focus your attention on your business instead of how you are going to pay your electric bill.
Manage your business credit wisely and you will soon discover how profitable your new business has become. Although making endless amounts of cash is not your primary goal for starting your own business, you still need profits to survive. Organization will be a key tool in getting your personal and business finances in order. Take the time to plan everything out and always have a back up plan.
eric seiger
<b>News</b> Corp. Social Games Unit Buys Making Fun | Peter Kafka <b>...</b>
Most of the big media companies have big stakes in digital games, except News Corp. But Rupert Murdoch's company is trying to catch up--without spending a lot of money.
U.S. <b>News</b> & World Report Joins The Print Deadpool
Another major magazine will stop printing its editions and move completely online. US News & World Report, the USA Today of weekly news magazines, will no longer be found on subscriber's mailboxes after its December issue.
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
<b>News</b> Corp. Social Games Unit Buys Making Fun | Peter Kafka <b>...</b>
Most of the big media companies have big stakes in digital games, except News Corp. But Rupert Murdoch's company is trying to catch up--without spending a lot of money.
U.S. <b>News</b> & World Report Joins The Print Deadpool
Another major magazine will stop printing its editions and move completely online. US News & World Report, the USA Today of weekly news magazines, will no longer be found on subscriber's mailboxes after its December issue.
Great, great <b>news</b>: Pelosi might stay on as House minority leader <b>...</b>
Great, great news: Pelosi might stay on as House minority leader.
eric seiger
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