6 Financial Resolutions for 2011

[jess]

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6 Financial Resolutions for 2011
1. increase cashflow - have a part-time business/career.
2.manage debt - pay debts / consolidate debts. get extra income to pay debts.
3.create emergency funds - open a bank account, deposit regularly.be a depositor. deposit, not withdraw.
4. learn about life insurance and healthcare(HMO)- buy only the cheapest (term insurance). dont buy expensive VUL, endowment,whole life insurance, re-imbursement healthcare.
talk to a financial advisor, not an insurance salesman.
5. learn about mutual funds - invest and make it a habit for life. at least u are an investor in your own way, not just a depositor. find a mentor.
6. learn about assets and estate - find out how to do this with a mentor.

[jabez_rmc]

great advise . .agree! cheers!!!

[jess]

a wealthy-businessman friend told me yesterday, if you want to become fat, minimize physical exercise, and increase food intake. same thing with becoming wealthy, minimize cost/expenses, and increase income-cashflow.

[Cory1986]

yah, I have lots of changes sa akong outlook wui sa finances. I dont have high end phones. I take the train to and from work. Prepaid phones instead of contracts. Sus, daghan jd ko mga "tipid tips" nga akong gina implement sa akong life now!! I hope ma attain nako ang financial maturity within my lifetime

[lorenzoleo]

My own Personal Challenge :

Change mindset from employment to business mindset.
To earn 1M/month is a joke for an employee mindset.
To earn 1M/month is a serious matter for a business mindset.

Changing bad beliefs about money.

Choose the right kind of business, with right company, right people, right time, doing the right things.
See to it that the business has the potential to build wide and deep to create multiple passive income streams.
Distribution business is one kind of business that gives you mutliple passive income stream from different outlets you build or teams you personally build.

[cirext]

Financial Resolutions for 2011
1. maximize potentials & push active business growth
2. protection of business funds
3. create emergency personal funds
4. learn about stock exchange & other passive investments
5. proper accounting & auditing practices

[lorenzoleo]

6 Financial Resolutions for 2011
1. increase cashflow - have a part-time business/career.
2.manage debt - pay debts / consolidate debts. get extra income to pay debts.
3.create emergency funds - open a bank account, deposit regularly.be a depositor. deposit, not withdraw.
4. learn about life insurance and healthcare(HMO)- buy only the cheapest (term insurance). dont buy expensive VUL, endowment,whole life insurance, re-imbursement healthcare.
talk to a financial advisor, not an insurance salesman.
5. learn about mutual funds - invest and make it a habit for life. at least u are an investor in your own way, not just a depositor. find a mentor.
6. learn about assets and estate - find out how to do this with a mentor.

Naa pud ko I add for my 2011's business plan. To build more people working with me, more people you have, there are chances to get more quality people in the team. Build quantity to filter out quality people to become my business partners. To become a builder, a builder of people.

[ellehpo28]

Naa pud ko I add for my 2011's business plan. To build more people working with me, more people you have, there are chances to get more quality people in the team. Build quantity to filter out quality people to become my business partners. To become a builder, a builder of people.

correct!
#1 I am working on it. Hope naa koy makit-an another source of income
#2 Wala me problem with #2 kay ever since practical spender ako.
#3 nakabuild na ko gamay emergency fund but still have to continue to add more to it every month
#4 hmmm murag kinahanglan ko mag-add more sa health insurance and maybe buy term insurance.
pero basin dagko na kaayo ang premium base on my age
#5 hayy!!! kani ang wala pa ko, mutual fund investment pero naa na ko investment on stocks
#6 ... wla man ko properties so.... pero nasa real estate man ko before. maybe I should try to acquire some

It's a matter of lifestyle siguro and it's a choice. You want to be poor, go squander your money and forget about saving. Enjoy today then suffer in your old age.

Advise to the young people here:

Start saving as much as you can but you don't have to deprive yourselves of the basic necessities and some enjoyment. Choose to sacrifice some today for the abundant benefit in the future.

[noliverh]

ganahan jud au ko magpatakod aning mga business minded nga mga tawo...

[moz_k2]

6 Financial Resolutions for 2011

1. increase cashflow
- currently figuring it out
My target this year is to have additional source of income.

2.manage debt
- I'm debt free. And I don't have a credit card.

3.create emergency funds
- done.
Also saving for my parents.

4. learn about life insurance and healthcare(HMO)
- Already have health insurance and I have a savings plan paired with life insurance.

5. learn about mutual funds
- Good thing my GF introduced me to this thing.

6. learn about assets and estate
- I'm already exposed to these things since childhood.
Looking forward in acquiring my own.


I'm still 25 and have a lot more to learn.
I started from scratch and I don't wanna go back.