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Archive for the ‘finance’ Category

If you and your husband is currently thought to plan for the child’s education funds or retirement funds, how what you choose? Saving or investing?
For example, college tuition plans one child in a period of 18 years. Because college costs are always rising due to inflation, you need to set aside Rp 3.5 to Rp 6 million per month in savings. This fee shall be excluded from your income and the husband, outside of other routine expenditures. Try calculations, if you and your husband have this capability?

Saving money will not be enough because of inflation. The solution is an investment with long-term risk, over 10 years. Saving can be done for short-term needs, four years. For example the preparation of kindergarten schools. But when it comes to higher education, it takes a bigger budget, taking into account the inflation rate every year.

Cost inflation rate of kindergarten education could reach 20 percent per year. Inflation rate colleges rose an average of 15 percent per year. Although there are schools that low inflation rates, but remained high entrance fee.

Inflation became the main consideration why investment makes out a financial solution. This also applies to the preparation of the pension fund. Because if you rely on savings for retirement 25-35 years, it is necessary to USD 75 million – USD 135 million per month. This amount is too large for savings, right? It was no ordinary employee salary was sufficient.

If aged 25 years, by investing USD 587 000 per month you prepare for retirement easier. For the age of 35 years, you can invest USD 2 million per month. Both have the same target investment return of 25 percent per year.
Investing is risky, but risk can not invest more than the investment itself. Risk can not be 100 percent avoided but can be arranged. Investment is to be measured, from its purpose, risks, and investment results. Therefore the purpose you want to invest becomes important. Set a goal now, make financial planning, and select the right investment, if you do not want your money worthless in the future.

There is no single person who wanted greater financial condition than revenue expenditure. However, no single person can ensure that its financial condition would be fine. In fact, somebody who experienced an increase in income each year its financial condition will not necessarily be better. Why? Because the amount of increase in spending could be greater than the increase in revenue. Therefore, the key word to stabilize financial conditions, or even make it better, is the expenditure or cost.

Cost, can essentially be divided into two, namely the cost to finance something that is a must have and the costs that are nice to have. In reality, many people find it difficult to distinguish both these costs. For example, to meet the primary needs, like clothing, food, and shelter. At first glance, the fulfillment of these needs are all costs that are a must have. Though not the case.

Clothing, for example, that each person must cover his body with clothing is a necessity. However, what brand of clothing that will be purchased and at what price is not demand but desire, and it pertained nice to have. In summary, controlling the cost of actual expenditure is how to understand the characteristics of the costs which are the must have and nice to have. How concretely? Must have more function of an item. For example the vehicle, someone needs a vehicle as a means of transportation. However, whether such vehicles should be high-priced, European-made, shaped luxury sedans, and so forth, it is nice to have.

The next step, first, make sure all the costs you spend on a plan. If you want your financial condition is not included in the condition “greater than the pivot pole”, then the discipline in a plan and execute it is absolutely essential. Planning expenditures that could be annual, monthly, and weekly. Create a detailed needs of your spending. Then meditate on each item first, whether the spending plans were a necessity or simply the desire.

Plan
Second, review the spending plan before implementation. Say all the spending plans already made is believed to be based on something that is must have. Is the problem over? Not yet. Check before implementation. That is, at the time of execution, may be items that would be funded were not a need anymore. What for example? In June, you’re planning to buy new shoes. Apparently, the shoes you have are still good. Purchase new shoes would no longer be required.

Third, innovate for costs to be issued. Innovation cost far more strategic than the two things mentioned above. How does that mean? A simple example, you allocate the funds to pay for transportation to the office, for example, to buy gasoline. This is indeed necessary.

However, do you ever think that the cost of petrol vehicles do not always have to be borne alone? How come? Very able. If you live in the complex, you can actually invite the neighbors to get together to ride your vehicle to the office. Then for the cost of petrol is borne along. Maybe you feel ashamed for doing it. However, try to use rationality. Or if you do not want to use these ways, can vote the opposite way, ie, you are riding your neighbor’s vehicle. If you do this three times a week, calculate how much savings that can be done in a year.

Innovation costs can also be done in other contexts, let alone the needs of secondary or tertiary in nature, such as travel. Currently, nearly all of the needs of tourism. However, not all people are able to plan and finance travel well. For example, buying a plane ticket before departure. Clearly, ticket prices will be very expensive. In fact, the plane ticket let alone the promo can be very cheap if bought in advance.

That innovation costs in the context set of expenditures. Even more sophisticated is that if innovation costs can be applied in all settings of your assets. One example is if you have unproductive assets. Do you have more than one house. Houses that do not you live in is the cost. Because you have to bear the cost of electricity, water, maintenance, and others. To be home is not a burden; it must be productive, such as rent, so he became a source of revenue.

In order condition is greater than the revenue expenditure can be avoided, then the entire expenditure plans items that have been made to do a review, whether there is room to apply the innovation in it. The simplest is your monthly spending plan, whether in monthly shopping frequency is more suitable and efficient than, for example, spending per bi-monthly, or shopping through the orders.

Thus, the true cost of innovation is not just in the context of items to be purchased, but also in terms of buying procedures. Another example, shopping at the time of season sale could be categorized as innovation costs, all items purchased is indeed a necessity. So it was not because of emotional factors. Good luck.

Regardless of your job, and regardless of income every month, should be managed better to avoid a deficit. Management and proper financial planning will give the solution of financial problems. Including developing self-sufficiency, particularly for women heads of households. Often deny women could never spare the money. Including to save let alone invest. Though, by reducing the consumption of goods that are less important, such as jewelry or clothing different variations of the model and color, women can set aside Rp 300,000 each month. By leaving money USD $ 300 000 only, women can save money, have insurance or other investment.

Five stages that can be started women in managing finances:

1. Paying off debt
Although financial management already cluttered, not too late to fix it. Especially if you have the amount payable for patchwork. Start setting aside money from revenue to pay debt. However the debt to your obligations. Unpaid debt will gradually destroy your credibility. Your reputation is at stake if the liability (debt) still not settled. Allocate a maximum of 30 percent from a month to pay salaries or debt repayments.

2. Save
Convince yourself that regardless of the value of income, so could be set aside for saving. Allocate funds 10-20 percent of income for savings. To be able to carry out this plan, limit consumption. Women often tempted by any of the goods purchased are actually not too important. In fact, sometimes only carry the influence of friends or a trend. Begin firmly to yourself, by making the priority needs of a much more important.

3. Emergency Fund
Prepare also a reserve fund as an emergency fund. There will always be unforeseen needs, such as serious illness and should be treated. Hospitals need not cost a bit right? Start setting aside funds amounting to five percent of monthly income. Prepare emergency fund to six months ahead. As a precaution, make a special passive account for emergency funds, or acting as a savings. Separate accounts are passively activated from the special account for everyday needs.

4. Insurance
After deducting monthly demand, pay the debt, saving, and preparation of emergency funds, the remaining income can be used to purchase insurance.

Polar life insurance for the head of the family. Anyone who has become the backbone of the family, woman or man, should have life insurance, because if anything happens to the head of the family, family life can still walk and pay of insurance for a specified time.

In addition to life insurance, other insurance types that can also be given priority among health insurance. Also insured property, let alone used to do business, such as kiosks or stores.

5. Investment
Set aside money for investment, should be performed after the above obligation is fulfilled. The simple shapes, if you have more funds, invest your money in gold. But should be careful when investing gold, notice and understand the value of sales and quality.

Allocating money for investments can be taken from other revenue sources as bonus, inheritance, or other income outside the main income. Many kinds of investments, the risk varies, as well as with its investment in the future. Should identify more carefully before selecting an investment product.

If all five of this obligation has been fulfilled, monitor expenditure and adjust the plan that has been built. Disciplined use the money to be key to the success of financial management.

1. Introduction and Assessment

Do the introduction and exploration of the environment on a small scale, such as the type of food / cake what will be offered and liked the environment, the current trend is a popular food because the seller usually follow the market taste. Many of the early steps starting from a wide range of food, until finally there was only one type of food at the market appetite enjoy doing, such as independent case, Amanda steamed brownies and so forth.

2. Must Delicious

After the market appetite we hold, the next step is the quality of taste. Do not hesitate to do some experiments in order to taste the food you keep awake, surely it can not be separated from good quality raw materials.

3. Interesting Views

Taste delicious and tasty but unattractive appearance also inhibits lho customer purchasing power. Remember, the customer before buying would be seen from the first appearance, no matter how tasty food if bad how the presentation would have been fatal.

4. Service

Customers are king. yes, it is not just a slogan only. Maybe between us never buy food / cake is delicious but bad service! Do not count on customers coming back. Therefore give the best service you have. Many ways, among others, the quality, taste, cleanliness, delivery on time, show a sympathetic attitude, a friendly greeting, a smile sincere. This is a business law in interacting with customers.

5. Do Campaign

To promote a wide variety of food / cake. Starting from disseminating brochures, business cards, giving free samples to try and one that is very influential
word of mouth promotion. Testimony was extremely effective. But if without the support of brochures, business cards and so forth do not necessarily reflect the professionalism of good business.

6. Finance

Income and expenditure in managing the business of food / cake can be done in various ways, ranging from the most conventional way is the note in the book / agenda and with the bookkeeping in a way that is sophisticated computer systems. The basic remain the same good record income and expenditure and do not mix personal finances with your business governance.

Persistence and the ability to see opportunity in an entrepreneurial character representing that need to be grown from the outset. Especially to adolescents, to be ready to enter the next era. Chance to continue higher education do not possess all of the young. Therefore, the spirit of entrepreneurship needs to be built since high school.

Entrepreneurs build not just talking about access to finance. Entrepreneurial spirit and character need to be built early, though later applications through a variety of ways besides being a businessperson or social entrepreneur, for example.

Have the tenacity, ready to face challenges, smart in the circumstances and opportunities, creatively, to think more open and less compartmentalized compartmentalized, or think out of the box, are some of the most prominent entrepreneurial character. Anyone can have an entrepreneurial character like this.

Education of entrepreneur which is part of the CSF program concept was built 20 years ago in America and adapted in each country. In Indonesia, activities that focus on education was held since eight years ago to build a robust entrepreneurial character.

Soul or character of entrepreneurship needed because the world continues to grow. In the era of globalization in the future, young children need to have the entrepreneurial spirit like this.