Andy Britnell asked:




I remember how intrigued I was when years ago, and long before I had heard of time management, I recognised the link between time and money, realising that we say that we ’spend’ or ‘invest’ both time and money, and also talk about ’saving’ time and money.

Moreover we usually find that in order to save time, we have to spend money, and vice versa. For example, to save time cooking, we might buy ready- prepared food. Our decision depends on our circumstances and priorities – someone else might well prefer to save some money and spend more time preparing and cooking a meal.

We make these choices all the time and often have no objective yardstick to show us how effective they are – unless our choices are so extreme that eventually we are totally overloaded with commitments, or on the other hand we run out of money! Constantly trying to keep a balance between spending and saving time and money demands a willingness to keep checking priorities.

This is particularly true of self-employed people starting or growing a business. It can be tempting to try and keep all costs as low as possible and do everything yourself. But this can be counter-productive when you realise just how many activities business start-up and business growth entail.

You need to think carefully about money and time management. If you can pay a specialist to do a job and thus free yourself up to do something else, that may be the better solution. Our investments in both time and money will ultimately pay off in the success of our business and the happiness of our lives. It makes sense to think carefully about the balance.

Derek

ParkAveConsulting asked:

Money Management or Position Sizing… No Matter What You Call It, You Better Know It! Money Management is like sex: Everyone does it, one way or another, but not many like to talk about it and some do it better than others. In the 21st Century it’s quite normal to manage one’s own investments, yet few implement disciplined Money Risk Management principles or understand them. During the stock market bubble, limiting risk was always an afterthought, but given the recent price action and market conditions, it’s time to get serious! What is your exit strategy? Risk Management is Stop placement. Money & Risk Management, used correctly, is your foundation to proven trading success. JBL Risk Manager is a simple BUT Professional Money Risk Management program that WILL help you achieve financial success. Download and enjoy a FREE 14 day trial at www.paconsulting.net.au You will need access to Metastock® format data to use all the features correctly but not the Metastock® Charting Software

Roger

HeartHiTech asked:

Finding out that you’re $50k in debt has never felt so good! Track all your bank accounts, credit card, loans and investments through a single, intuitive tool at Mint.com! Finally a money management and budget tool that’s a pleasure to use. Find out more from Heart Hi-Tech at www.hearthitech.com

Pedro

Marc Smith asked:




One of the most important books that I’ve read during the past year is T. Harv Eker’s Secrets of the Millionaire Mind. I want to review and share a savings plan that Eker shares in Chapter 14 called the Millionaire Mind Money Management Plan. Eker begins his chapter with these words:

Rich people manage their money well, Poor people mismanage their money well.

It’s an excellent chapter, and I’m going to share with you a summary of the financial management plan that will set you on the right path to building wealth. It’s important in all things resulting in success that you take action. So, no matter what you can start with, even if it’s a dollar a month, you must take action and begin to manage your money.

Some people say, “Well, when I get ahead financially, I’ll manage my money.” That’s a poor person mindset! The millionaire mind begins to manage now, because if you can manage a little, then you’ll begin to manage a lot. I was SO into this way of thinking in the past. When I turned it around and began to manage money, I started to get wealthy!

Before I share the money management plan, here are some wealth principles from the chapter and that Eker teaches at his Millionaire Mind Intensives.

Until you can handle what you’ve got, you won’t get any more! The habit of managing your money is more important than the amount. Either you control money, or it will control you.

So, how exactly do you manage your money? Here’s a great plan from the book. Remember, it’s important to start, not the amount. Start with $1 if you must; just start! Get the habit going!

Prepare 6 jars (”Jars” can be literal, or bank accounts, or categories on a spreadsheet).

Place the following amounts in each of the jars every month after taxes.

Financial Freedom Account (10%)- used only for investments and buying or creating passive income streams. Money is never spent, only invested. Also, have a Financial Freedom Jar where you deposit money each day ($1, $10, loose change). Do something daily. Play Account (10%)- Use this money to nurture yourself. Use it for extra-special things in your life. The only guideline is that you must spend the money every month. Use it each month in a way that makes you feel rich! Education Account (10%) – Set aside money for your education (school, seminars,etc.) or your child’s education. Long-term Savings for Spending Account (10%) Giving (10%) Necessities Account (50%)

Start the plan and let the universe know that you are ready for more money.

Mildred

Brian Garvin asked:


If you are interested in getting involved in money making from home or other network marketing opportunities, you do need to have a good grasp on your own finances, and one of the places that can really help you out with that is Money Management International.

Money Management International is an online counseling service that addresses the individual needs of the clients, something that can be very individual indeed. If you are looking for a good way to get involved with investments and financial opportunities, but you feel that you lack the financial knowhow, Money Management International might be exactly what you are looking for.

Remember that before you can start sinking money into a new venue, you need to make sure that your foundation is rock solid. Think about the things that consume money and all the things that you need to ensure are covered. There are many services that are offered by Money Management International that can help you ensure that you are in a good place to take advantage of the different things that come your way.

One of the most important services that Money Management International offers is that of debt management. Whether you are looking to pay off a car or a house, there are many different ways for you to ensure that your debt doesn’t work against you. Similarly, education and counseling on bankruptcy is another thing that Money Management International offers that many people can use.

When you are looking into what Money Management International can offer you as a consumer, you’ll also find that it can help you when it comes to different ways better your online marketing education, as well.

You’ll find that this singular organization offers you online financial education, and that this education is suitable for everyone from consumers to investors to industry professionals. When you are looking for a way to make sure that your household can survive your foray into network marketing, having the solid foundation provided by Money Management International can help you make important decisions about your situation.

This company has many tentacles that we are aware of. We used them once for Reverse Mortgage Counseling. They spent about 30 minutes on the phone with us to make sure we fully understood the process of the Reverse Mortgage. They let us ask all the questions we wanted and we had quite a few of them.

This is one of the ways they offer their services to the public. We’re not sure to what extent they get compensated for this, but from a marketing standpoint we think it’s brilliant. They stand to pick up a lot of extra clients doing this, which never hurts the growth of the company.

At the end of the day, this publication can go a long way towards making you feel more confident about what you are getting into and it can also help you look at the opportunities that come your way with a more critical eye. Take advantage of what Money Management International has to offer and make sure that your financial decisions are sound.



Edna