How to Exchange Currencies at The Best Rates for Your Business

In this guest post I’d like to share some tips to help your maximize your exchange rate, when you change currencies for your business. If you’ve spent any time at all watching the exchange rates, you’ll already know that predicting the rates is not that different to gambling. There are so many countless factors influencing the markets at any one time, guessing right which way things are going to go is as much about luck as skill. For instance, right now things affecting the US dollar are as diverse as: the Republican presidential nomination, improving US auto-sales, the likelihood that...

How to Reassess Your Financial Planning to Ensure Safe Post-Retirement Life

I’m getting excited for Spring to get here and start enjoying the outdoors in beautiful Colorado. But Summer days aren’t about not having school anymore. I have been thinking and preparing my retirement a lot lately and I need to keep focused on creating income generating assets. I hope you find my research as useful as it is to me. Have you planned your retirement? Have you tried to assess your financial condition relating to your retirement? Do you have in your mind that retirement planning is to be done even when your retirement age or are at the borderline...

The Wall Street’s List for Investing Money in 2012

The Wall Street releases a list every year to guide investors to invest in companies which have the highest possibilities of turning your investments into more valuable assets. For this it sets up a panel of expert strategists who give their take on the market. This list is a quick guidance for the companies you should invest in. And hence, this year’s Wall Street list is as follows – List of the Names of Strategists on the Panel • Richard Bernstein – CEO and Chief Investment Officer, Richard Bernstein Advisors • Dan Chung – CEO and Chief Investment Officer, Fred...

Grabbing funds during Market Meltdowns: Some magical tips

The unpredictable nature of markets can perplex even the smartest of brains, doubting the basic ethics which are significant to its functioning. Just when you get accustomed and attuned to the happenings around, there is an abrupt u-turn countering your judgment. Making hay when the sun shines seems to be the best policy, but what actually seems obligatory is making hay even when the sun does not shine. You live in a practical world where you are uncertain of the next moment’s state of affairs. But that does not mean that you refrain from the zeal to place your ambition...

Don’t Play the Lotto; Play the Game of Money

Lotto. Yes, Lotto. It is something that you love to take a shot at. But the Lotto is like a Leprechaun. Even if you finally win a lottery, you’ll probably lose all the money, in the coming years. The lottery is risky and the chances of you winning are so less that even being struck by lightning is more of a probability. Everyone starts with the small lotteries. They go for $1 lottery or $3 lottery, and soon they feel that they must go for the bigger ones. That is when the ‘Win it all or Lose it all’ is...

The Difference Between a Businessman and a Super Businessman

The difference between a Businessman and a Super Businessman is the same as the difference between a snail and a rabbit. While businessmen are slow, super businessmen are fast. A businessman is like a wantrepreneur, he has ideas in his head but he lacks the in-depth vision and often fails to execute them. Whereas, a super businessman is like a true entrepreneur, he broadens his scope, researches and creates his own path of success without waiting in hope for customers and partnerships. A super businessman has more than just money on his mind; he strives to add the star of...

How to Make Your Child Understand the Importance of Savings

Every parent has a hard time in trying to make their kids learn the value of money. Kids, not knowing of the troubles and consequences of reckless money, often throw temper tantrums if you do not buy them what they want. This develops more negative behaviors like anger, agitation, revolting, misbehaving, intolerance etc. in them. Hence, it is important to make your child understand the importance of savings. Once your children learn how to save, they will learn how to be compassionate, obedient and tolerant toward their wants and desires. I am by no means an expert when it comes...

How Much is Enough or Too Much – Saving vs. Investing

When you have money in your hand, your mind gives you two options – whether to save it for future purposes or to invest it in a venture which is promising enough for you to reap future rewards and gain bonuses apart from your necessary future expenses. At times there is a possibility to strike balance and choose between the two. This is primarily because of your circumstances, the way you look at your earnings, people you need to look after with the money you earn and the economic situation of the country you are living in. Below you will...

Are You an Entrepreneur or a Wantrepreneur

The difference between an Entrepreneur and a Wantrepreneur is like celestial and earthly opposites. An entrepreneur is an individual of positivity while a Wantrepreneur is a seeker of this positivity. Let’s analyze each of them closely: What is an Entrepreneur? An entrepreneur is an individual who is self reliant. Through this highly optimistic self reliance, he combines a number of different tools and utilizes them to form a single entity, a new franchise, of which he is the think tank and in most cases the owner or the majority share. An entrepreneur is a knight of the business community. Like...

How to Truly Create Passive Income

Passive income is money that comes flowing to you without you having to put too much labor into it. There are hundreds of ways to create passive income, some more simple than others. No matter what type of passive income you determine is right for you, it will always come with an initial investment of time or money. Remember that you need to have patience if you are using stocks, real estate, or a new business as a passive income stream, the money isn’t going to come rolling in overnight. How I Plan To Do It For example, I have...

Crisis Management for your Brand: Steps to Rebuild It

Brands can easily and quickly find themselves in a crisis situation, owing to either the products going out of style or not meeting the market expectations. One other reason of this could be industrial slack as well. Research shows that people have a habit of talking about their bad experiences with others. Digital media is now playing a very important role in creating and breaking brand perceptions. The increased usage of the internet on the mobile phone has enabled the consumers to be more vocal about their choices on social platforms. They are even talking to the brands directly, about...

Small-Cap Stocks should be a part of Your Portfolio

The market is filled with “un-sprouted” small-cap stocks; these are companies that have a market cap of less than $500M. These investments are risky, but they can also offer returns of up to 1000 percent if you invest in them smartly. Many big time investors will overlook these small-cap investments because of their potential risk, but because of the huge return potential I really feel that they should be part of every investor’s portfolio. Small-cap stocks are from businesses with small market capitalization and if you invest wisely you can beat the big institution investors to the punch. When looking...

How to Help Your Aging Parents Manage Money

As your parents advance in age, there may come a time when your help is needed in assisting one or both of them in managing their finances. Poor health, difficulty getting around, and the death of a spouse are just some of the life-altering challenges that would make it difficult to keep finances in order. If your parents could use your help, it’s time to take all of the financial advice they passed on to you once upon a time and put it to good use. Not sure where to start? Gathered for you here are some tips and suggestions...

Keep your Competitive Edge over the Competition

To stay successful in the business world you need to have an edge over your competition. And, you need to keep that edge, always. This means that you need to have a clear idea of the strengths and weaknesses of your competitors. Only when you have this information can you make better informed decisions on which directions to take your own business. Identify Other’s Mistakes A smart person learns from their mistakes, but a wise person learns from other’s mistakes. When you have a competitive edge in business it means that you have learned from other’s mistakes. Hopefully some of...

Invest Passive Income; Treat yourself with Earned Income

The best money to invest is money that you didn’t have to work very hard to earn. That’s why using money you created through passive income for investing is like investing free money. Types of Income There are two types of ways to make money, passive income and earned income. Earned income is the money that you work for. Earned income is the money that you get for going to your job every day. This is the money that pays your bills, puts a roof over your head, and keeps food on the table. Most people have their earned income...

Generation ‘Y’ – Retirement Planning Options

If you are part of Generation Y, you still have over thirty years until you are close to retirement age and if you have been paying attention, even a little bit, you will have heard that it is going to be harder for your generation than any other of the modern age. The sad truth is that Generation Y’ers are going to get less help from the government and their employers than the generations of the past. This puts more of the retirement pressure on your shoulders. You have to invest smartly now in order to see the returns that...

Importance of Identifying Market Trends

Do you know the difference between a bear and bull market? Before investing in a new stock it is imperative that you understand the differences between these two market trends, but that is just the beginning. Knowing how to read stock charts is crucial because they will show you when profits reach their peak and ultimately, when you should sell. Determining where the market is, and where a specific stock is, isn’t always easy, which is why people make their living attempting to predict something that is rather unpredictable, like the stock market. Luckily there are some tricks to helping...

Social Media Strategy Implementation

It doesn’t matter what kind of business you own, if you are not using social media as a way to market your business, you are missing out. Social media is a way to get noticed, get attention, and get the word out that your business is a force to be reckoned with. Of course, just like with any other marketing program or business strategy there are certain dos and don’ts that you want to take into consideration. Don’t Post Something You Will Regret Later – Keep in mind that anything you post online is out there forever. Just because you...

Take Advantage of Tax Deduction from Investment Expenses

If you have been investing in an IRA, a 401k, retirement annuities, or a college savings plan than you most likely already know about the tax breaks that you can get for these investments. But are you aware of the tax breaks that are possible for other investments? When it comes to tax time it is important that you are taking advantage of all the itemized deductions that you can. Remember, we all have a silent partner when it comes to our taxable investments. That partner is Uncle Sam and no matter what you do he is going to take...

Weird and Crazy Ways to Make Money

Everyone is looking to make a little extra money and if you can create some multiple incomes coming your way you are doing yourself a favor. Thanks to the internet there are literally hundreds of crazy ways to earn a little dough. Many of these require little to no effort on your part. Granted some of these ideas are a onetime only shot, but maybe you can use that brilliantly wacky idea to come up with your own weird way to earn some big time cash! • MillionDollarHomePage – Heard of it? Basically this one guy came up with the...

Effectively Building a Winning Brand

Creating a winning brand for your business isn’t going to happen overnight. Brand recognition takes time and dedication to develop. You have to be willing to do the work and stay impeccable with your business practices. Obviously, the first, and most important, step is to come up with a unique brand name and a creative logo. Take your time through this process. Find something easy to remember, unique, and something that will cause curiosity. That is just the first step and what you do from there is really going to determine how successful your brand can be. When creating buzz...

Don’t Just Make Money; Kill Two Birds with One Stone

In today’s shaky economic climate you might be looking for extra ways to make money. Scratch that, I bet that you are looking for ways to make money. Everyone can always benefit from more money coming into their bank accounts. And that’s great, but no doubt you have heard the saying: work smart not hard. It’s actually not a bad idea to do both. The best ways to make money are by doing things that will also help you to become more financially or business savvy. Having a garage sale can help you to make some quick cash, and get...

Leveraging Your Investments Doesn’t Give You Much Leverage

Much of the conversation around our current economic mess has been around leveraging. This might sound like the buzz word of the week, but leveraging is a system of investing that is used by banks, financial firms, and independent investors. In the most basic sense it works by borrowing money to invest with. Businesses are ‘leveraging’ their debt against future investments and potential returns. When done right it can pay off – big time, but as the current economic situation shows, rarely is it done right. Leverage is false equity. Here is a way to break it down as simply...

Do You Have What It Takes?

As a financial investor, you know that you have to overcome fear or risk in order to hit it big with an investment. The same is true as a business owner. Think of your business venture as crossing an unstable bridge that’s connected to two huge cliffs. You are going to be pretty nervous to make your way to the other side, right? In order to be a successful business person you have to make it to the other side safe and sound. Millions of people all across the continent work at jobs that they hate every day because fear...

Successful Marketing Could Mean Business Success

Marketing your business is an important part of being successful, but no single marketing strategy works for every business out there. It’s important to be smart and savvy when picking out marketing strategies for your business, no matter what your niche happens to be. You need to come up with multiple ways to reach your target customers and get them coming to you. Here is a listing of some of the best ways to market your business. Try a few on for size and see how they work for your business. If something works, keep doing it. If something doesn’t...