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Tag Archive | "Financial Freedom"

Debt Ease: Start a Home Based Business

Posted on 11 January 2009

Tags: 2009, advice, business, debt, debt cures, finance, Financial Freedom, New Year, positive, tips, Wealth

A great way to ease some of the pain of excess debt is to start a home based business. Think about your favorite thing to do and you may find a great business idea there or find one of the many MLM’s you can get you heart into. MLM’s are a great way to learn how to start a business, get good training, and meet new people. All of these things can help ease the pan of just sitting at home festering over those damn bills.

Here are a few good tips to help you once you’ve started your new business.

To be a successful home business entrepreneur, it is compulsory to develop and follow consistently a plan of action. Adherence to this plan guarantees success in your home business.

Here are seven Tips for long term success of your home business.

1) Make a Firm Decision- Decide what you would like to earn by the end of the year. Having decided your yearly earnings from sales, proceed to work backwards to acquiring weekly and monthly figures to meet your targeted yearly income.

2) Build Your List- Your list comprises of valued customers and prospects forming your database. This is your greatest asset and is built over time. There are no guarantees in any business, however with your own list, you are more confident that a percentage of your customer would make purchases from you. The key is to do the work one time of building your list and get paid over and over again.

3) Advertise your product or service -Take every opportunity to use different medias to advertise your business. Driving increased visitors to your site from various media placements is likely to give you good sale conversions. The key is creating a response to your advertising by ensuring that your ads are captivating.

4) Track and Evaluate Your Business – It is very important that you evaluate and track your business so that you can take quick action to correct any shortcomings. Start operating your business as though you are already a big company. Do not get caught up in shuffling paper clips with no serious business strategies in place. Successful people embrace the idea of tracking their business success.

5)Develop a Professional Approach- Project a professional image in simple ways such as setting up a mailbox at a UPS store in your area, acquiring a phone in your business name and opening a separate account for your checking business. This approach can help your home business excel.

6) Hire A Business Consultant- Your business consultant can be a coach or advisor towards the successful development of your home business. Seeking expert advice on ways and means to improve your business can accelerate business performance to a large extent. This is a good way to continuously grow your business.

7) Develop Good Customer Support- An effective customer support system in place for your home business can increase your sales revenue tremendously. This strategy allows customers and prospects to build good customer business relations and place more confidence in your business entrepreneurship.

Credit, Credit Cards, Credit Repair, Small Business, Wealth Comments (0)

The Habit Of Managing Your Money Is More Important Than The Amount!

Posted on 14 December 2008

Tags: FFA, Financial Freedom, jars system, T. Harv. Eker

In T. Harv Eker’s Millionaire Mind Intensive, both trainers Harv Eker and Keiron Sweeny have been emphasizing on the importance of setting a money management system with the jars or different accounts.

There are 6 jars or accounts that has specific purposes:

1. FFA – This is your Financial Freedom Account. This is a jar or account that you used to grow your assets with positive cash flow whether is it stocks, bonds, businesses or properties for rental and etc. The money in this jar or account must never be spent and you have to put in money every day to attract more. Like attracts like. The money inside the FFA must never be spent and when there are returns from the assets, the money should be channeled back into the FFA, to grow The Golden Goose! 10% of what you earn will go into this FFA jar or account.

2. NEC – This is your Necessities Account. The money in this jar or account should be used for your daily necessities like utilities, hair cut, meals and etc. 50% of what you earn will go into this NEC jar or account.

3. LTSS – This is your Long Terms Savings for Spendings account. The money in this jar or account is to be used for your purchase of bigger and luxurious items like a mortgage for your new home, your exotic vacations with your family, the HDTV that you always wanted to have, the payment for the Ferraris and Porsches that you always wanted to buy, your children’s college education and etc. 10% of what you earn will go into this LTSS jar or account.

4. EDU – This is your Education account. The money in this jar or account is for your own education purposes, not your children. As what Jim Rohn always say, formal education makes you a living and self education makes you a fortune. I would not have been what I am today and am able to absorb so much of T. Harv Eker’s had not it been for the self education I am engaging since 2002. 10% of what you earn will go into this EDU jar or account.

5. PLAY – This is your Play account. It is meant for you to enjoy yourself and reward yourself every month. The money in this Play account must be blown every month with nothing left. The only compromise of blowing it only in a quarter is when we have something more extravagant that we want to reward ourselves with, like a Rolex Sea Dweller watch that I will buy ! Now I finally know why I am not having my wealth grows as much as I want to because I have only been focusing on growing the money but not rewarding myself of what a great job that I have done. 10% of what you earn will go into this PLAY jar or account.

6. GIVE – This is your Give account. An account that you contribute to the charity or hardworking folks that you believe should be rewarded with what they do. We always hear the saying that “It is better to give than to receive” and both Harv Eker and Keiron Sweeny rebuke it saying that the person who says it is on the receiving end. That is really interesting. In actual fact, this term originated from Greek and the saying is actually “It is better to be in a position to give than to be in a needy position to receive!” 10% of what you earn will go into this GIVE jar or account.

Some of you may face extreme challenges in following this system as the income that you are getting right now may only be enough for all your expenses. It is OK as I am not able to allocate my income right now account to the mentioned money management system too.

But, look at the title of this article, I have started with putting S$100 now with the intention to double the amount whenever I can but never dropping below the previous month amount and I am also putting money in my FFA jar every day. Some of you may think that this is hard work, allocating your finances but if you cannot even accomplish this, what makes you think that you can become rich where getting rich is even harder.

Anyway, life is a matter of choice. The choice is up to you!

You have a Millionaire Mind!

To buy Secrets of the Millionaire Mind

http://www.secretsofthemillionairemind.com/a/?wid=640361

Listen to the Millionaire Mind Tele-class

http://www.millionairemind.com/a/?wid=640361&page=/preview/tele

I’ll be posting a video of this system soon.

“Give me five minutes and I can predict your financial future!” – T. Harv Eker
http://www.peakpotentials.com/a/?wid=640361

Want a scholarship into the Millionaire Mind Intensive worth $2590?
http://www.secretsofthemillionairemind.com/a/?wid=640361