Developing A Life Plan To Live Without Money

Personal Note: Terry, in this article, could be taken as a pessimist, but, in actual sense, I believe he is only being pragmatic since we don’t always choose life’s battles. No one prays to be in a seemingly hopeless financial situation, but it’s a possibility. However, the beauty of success is that it isn’t primarily dependent on life’s circumstances but on how we react to them. In short, this article gives us an insight into how we could “thrive” during extremely trying financial times - as that would probably be the only way to live to fight another day.

By [http://ezinearticles.com/?expert=Terry_Phong]Terry Phong

Times are tough and it got me to thinking, how would I survive without money? Do I have a life plan to survive when all sources of income are no longer available? These are some tough questions to ask one self. Just how prepared are we when tragedy strikes?

The best defense is preparing a good offense for if indeed we find ourselves without an income. You can start implementing the ideas that will help you conserve your resources and begin saving today. You do not have to wait until your family's income is gone before you begin.

Think simple. What do you need to survive, food right? Gardening or growing your own food is how people did it before super markets came along. The ability to harvest your own crop full of free vegetables is a tremendous savings. It may not be free at first, there is that initial investment but once you get past that, you will have a blissful bounty season after season.

You can learn all about gardening through books at your free local public library. Technical advances in gardening have allowed people to grow more even if space is limited by using the square foot gardening method. You can also grow vegetables in large containers, and buckets.

There are many benefits to gardening. It is not only fun but is also a form of physical activity.
You get a certain joy when you are eating food that you have grown your self. Get your children involved by letting them help to plant seeds and pull weeds. This is an excellent way to teach them about responsibility and contributing to the family. Planting a garden now will help you to survive later should your family income disappear. Gardening will help you build both skills and memories for a lifetime.

People from days of old knew how to get by with very little because they understood the concept of preserving. You simply save and use what you have. People applied this concept to food by canning and freezing the excess, mainly the leftover from their harvest. Canning is not just limited to vegetables. You can also can soups, stews, and even meats. This will serve you well for when there is little money to buy food. Once again, you can use your local library to research more on canning. There are even free resources such as freecycle.com that will give you free canning supplies.

Depending on where you live, homesteading can really help in becoming self-sufficient. Having a chicken and a rooster will provide you with eggs that you can eat or sell. Livestock is not always feasible if you live in the city but the benefits of raising your own chickens to gather your own eggs are much greater when you do not have an income.

What did people do to get what they wanted before currency came along? They traded things, also known as bartering. You simply exchange a good or a service you wanted for something else you want. A good example of this would be fixing your neighbor's car in exchange for food from his garden.

There is a website called "One Red Paper Clip.com" where this one person traded a red paper clip all the way up to getting a house. You can check out the amazing story yourself. It just goes to show what you can do when you look for ways to be creative. A word of caution though, just be smart when bartering and do keep a record of your transaction. Just because you are not using money does not mean you are exempt from your taxes. Uncle Sam will still want to know how you acquire your stuff.

It is a very scary thought to many to have to think about surviving with little or no money. However, when push comes to shove we do need to find a way to survive. I hope that none of us have to experience such hardship but the truth be known there are many who have no choice. If we do not develop a life plan to live without money now, we may find ourselves as another victim instead of being a victor in life's situations.

About the Author:

Terry Phong has a background in Human Development and loves people in general. To get more information on personal development for success follow the link => [http://inspirationallifeplancoaching.com/]http://inspirationallifeplancoaching.com/.

2009

Article Source: [http://EzineArticles.com/?Developing-A-Life-Plan-To-Live-Without-Money&id=5176150] Developing A Life Plan To Live Without Money

Personal Finance Advice You Can Use

Personal Note: In this short but helpful article, Nikky shares with us “some great tips” that will definitely assist us in improving our personal finance. The tips aren’t ones we’ve probably not heard about on several occasions, but constantly reminding ourselves of them would go a long way in keeping us focused.

By : nikky Howard

The topic of personal finance is not a popular topic with most people. Most of us are struggling to get control over our personal finances and it is a losing battle. However, there is hope for even the most lost among us. There is plenty of personal finance advice out there and all it takes is reading some that advice and putting it to work to begin down the road to control over your personal financial situation.
The following are some great tips in a variety of areas of personal finance:

- Set spending limits. Give yourself an allowance to curb unnecessary spending throughout the week.

- Save for large expenses. Set a goal to save for a large expense, that way you know you can afford it and will not end up draining your bank account to make the purchase.

- Prioritize your spending. Learn to identify what you must have, what you need and what you want and prioritize in that order.

- Pay your bills on time. This eliminates late fees which can add up over time.

- Track your spending habits. This will help you identify wasteful spending so you can make a positive change.

- Look for savings everywhere. Shop at dollar stores, join discount clubs and use coupons.

- Always shop around before making a large purchase. Compare prices and look for the best deal.

- Save. No matter what start a savings plan. If the only thing you can do is save change then that is at least a start. If you can afford more then add it to your budget.

- Invest smartly. Know yourself when making investments. Learn about your investing personality so you feel comfortable with your investments.

- Stay on top of investments. Do not just hand your money over to a broker. Keep track of your investments and make sure you are always in loop about anything going on with them.

- Know when to get professional help. If you are in a financial crisis seek help. There are plenty of companies out there who will help you for free to get your finances back on track.

Your personal finances are important. Do not let them slip out of your control. Avoid living beyond your means and letting your finances run your life. When you get control over them you will find you are much happier and that you feel as if you can spend without worrying.

Author Resource:- Bob has been writing articles online for nearly 2 years now. Not only does this author specialize in Personal Finance, you can also check out his latest website about: Bakelite Jewelry Which reviews and lists the best bakelite earrings

What We Can Learn From the Rule of 72

Personal Note: In this very helpful and instructive article, Zigfred places emphasis on the importance of compound interest in achieving our personal finance goals. With high level of discipline, soberness of mind, and continuous learning, the “Rule of 72” simply becomes a very powerful tool in creating an enviable and a sustainable financial lifestyle.


By [http://ezinearticles.com/?expert=Zigfred_Diaz]Zigfred Diaz

The Rule of 72 is simply a label given to the principle of compounding interest. It includes a very simple mathematical formula that explains how money grows. Compounding is very simply, earning interest on your money and then re-investing that interest. The Rule of 72 illustrates very clearly how it is done.

The Rule of 72 can teach us a couple of important lessons. Here are some of them:

1.) Money is like a fruit tree - When you plant a tree, you don't expect it to bear fruit overnight. Neither does your money. You give it time to grow just like a tree. The Rule of 72 teaches that if you give more time to your money to "compound", you can expect bigger returns. There will be more illustrations in my next post.

2.) Interest rate is the key - The Rule of 72 teaches that the higher the interest rate, the faster your money will double, and the faster it does, the more money you earn. Especially if you keep your money invested for a long period of time.

3.) Money does not grow on trees - This saying simply means you cannot make money without working for it. Nothing ever comes in life free - definitely not money. The Rule of 72 teaches that to get more money out of what cash we have, we need to exert all effort to get the highest interest rate possible while ensuring that we do not carelessly engage in risky transactions or business deals that seem too good to be true.

4.) Make money work hard for you - Why should we work hard for money when we can make money work hard for us? That is right. The best way to financial freedom is to let money work hard for us. Money is very much different from human beings. It doesn't get sick, get tired or complain. The Rule of 72, which is all about the concept of compounding interest, teaches us that interest when re-invested begets more interest.

5.) The concept of the "Automatic Money Machine" - The Rule of 72 fully supports a powerful concept in personal finance called Passive income. Personal finance experts talk of two kinds of income: active income and passive income. An example of active income is your day job where you have to be physically present and doing some work for your boss in order to earn your salary. Passive income is an "automatic money machine" where you don't have to do anything to earn an income. You just sit there and watch money come in. However, passive income does not start automatically. You need to do something at first, after which you will start to reap the benefits and just wait for money to come in. Interest income is a good example of passive income - your money earns interest without your doing anything to earn that interest. The Rule of 72 demonstrates what passive income is.

So those are the valuable and powerful lessons in the areas of investing, business and personal finances coming from the Rule of 72. These are the reasons why I call the rule as the foundation for all investing.

Zigfred Diaz is a businessman and a stock market investor. He regularly blogs about personal finance and how to invest in the stock market. Click on the following links, if you would like to know more about the [http://www.stockmarket-investing.com/the-foundation-of-all-investing-the-rule-of-72/]Rule of 72 or how to do [http://www.stockmarket-investing.com/]stock market investing intelligently.

Article Source: [http://EzineArticles.com/?What-We-Can-Learn-From-the-Rule-of-72&id=4550752] What We Can Learn From the Rule of 72

A Quick Step-by-Step Money Making Idea to Effortlessly Make Money with Money

Personal Note: In this simple but very helpful article, Dean discusses a few of the main pillars of success in our personal finance. It’s easy for us to disregard these very important “truths” but if we could discipline ourselves enough to stick to them, achieving our financial goals is virtually guaranteed.


By : Dean Relax

Instead of working for money, it is much easier to make more money with money. That is, if you put your money to work instead of you. If you take the statistics, you can easily verify that most of the world's high earners are either entrepreneurs or investors who wisely leverage their money. So not only it is easier to put money to work to make more money, but it has infinitely greater potential than anything one can achieve by working a job for money.

I'm discussing today the best and most innovative money making idea that can apply to everyone - whether you're a college student, grandma or going through your mid life crisis and have realized everything you've ever done to make money hasn't really been worth it. All you need to do is to understand the value and power money has, especially when it comes to making money. Once you understand this money making idea, you can implement it straight away with minimal cost and effort.

- Start with a Small Amount

You can start with a small amount of money and allow it time to grow. To make money with money, you don't need to be a millionaire at the beginning. In fact, anyone who is fond of a coffee or pizza once every so often can enter into this unique money making idea because it costs only roughly the same amount. Today is the day for you to realise that you no longer have to work hard all the time for your money. Put your money to work so you don't have to!

- Set Realistic Goals

Since you are starting with a small amount, don't expect to see an unrealistic return. It is also better not to spend all the returns in the initial phases but rather to reinvest them into your investment system to make even more out of it. For example, say you have invested $5 in a month and get a return of $(5+1=)6. Then the thing to do which will put a rocket into your investment growth is to invest that $6 into the next investment vehicle. It will help you to reach your desired goal at a much faster rate.

- Understand the Core Logic

You must understand the core logic behind the success of the money making plan you are using. When you are investing your money, you must realize the proposed plan and the mathematics supporting the profits you are aiming for. It is vitally important that you realize the basic money making idea of the particular business before you invest your money.

- Verify the Reputation

When you join any business as an investor, you must check the records, reputation and performance of the company, no matter how much or how little you have invested. If you are planning to invest your money into some business that does not have any solid track records, it is better to stay away from it. Also you must check if the company is paying returns on time to its investors so that you can count on collecting your profits promptly when they are due.

If you don't follow these rules, you are risking your money for nothing. On the other hand, if you're investing in a business that follows all these points satisfactorily, you are on your way to establishing a successful investment portfolio and a great money making idea.

If you're not really keen doing this all on your own, have you thought about joining an investment alliance?
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Dear fellow traders,

I won’t be posting the usual daily analysis for some time. Sorry for any inconvenience caused, and thanks for making this thread a valuable one.

Today on EURUSD – Daily and H4 charts support Short trades, but…

On the Daily chart above, we would observe price is still within the downward or bearish channel, and there is the likelihood that price would attempt to find its way down toward the lower edge of the channel – especially when we consider the fact that price is in a very strong longer term bearish trend. From a day-trade perspective, our bias favors the bears, and price break below the previous day’s low @ 1.3459 (not highlighted) earlier today gives more credence to the bias.
However, price is around the most recent Daily swing low @ 1.3450 (which we’ve highlighted using the blue broken line), and it seems the bears are currently struggling to break decisively below the support level. It would be preferable to wait for the close of today’s candle to be surer of where price might be heading next.

On the H4 chart above, price has breached the most recent swing low @ 1.3459 (which we’ve highlighted using the blue broken line) downward. That automatically sustains our bias in favor of a downward price move. However, to buttress the support hurdle the bears are contending with around the 1.3450 level, which we discussed on the Daily chart, price is struggling to break decisively below the most recent H4 swing low @ 1.3459 that we just mentioned above.
In all, our Daily bias still favors the bears, but we need to be very cautious if we attempt to seek Short trade setups, today, on this currency pair.
The white horizontal line @ 1.3653 highlights the most recent swing high, and as long as price stays below it – in the absence of any new and lower swing high – our bearish or downward bias remains intact.

However, we still need our Hourly charts – using Fibonacci retracement levels and important resistance levels – to seek promising areas to take our Short positions. Price pattern on the Hourly must also be forming lower highs and lower lows. Please note that our aim is to sell a rally in today’s down-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.

Today on USDJPY – Daily and H4 charts support Short trades, but…

On the Daily chart above, for the past one week, price has been trending southward – in agreement with the longer term down trend. Yesterday, price decisively broke below the lower edge of the symmetrical triangle as the trading day ended with a strong bear-bodied candle. As a result, that strengthened the notion that the longer term bearish trend has probably resumed. From a day-trade perspective, our bearish bias remains intact.
However, there are two critical support levels that we expect price to break below for us to be more confident that the overall bearish trend has resumed: the first is the usual previous day’s low, which, in the case of this currency pair today, is @ 88.79 (not highlighted), and the most recent Daily swing low @ 88.58 (which we’ve highlighted using the blue broken line). For more conservative traders, it’s advisable to avoid seeking Hourly Short trade setups – supported by the H4 chart – till the coast is clear.

On the H4 chart above, price broke, at that time, the most recent swing low @ 89.91 (which we’ve highlighted using the upper blue broken line) downward. That automatically sustained our bias in favor of a downward price move. As discussed on the Daily chart, to be convinced of the bears’ readiness to continue their activity, especially for more conservative traders, it’s preferable to see price break below the most recent swing low – also the previous day’s low @ 88.79 (which we’ve highlighted using the lower blue broken line).
The white horizontal line @ 90.35 highlights the most recent swing high, and as long as price stays below it – in the absence of any new and lower swing high – our bearish or downward bias remains intact.

However, we still need our Hourly charts – using Fibonacci retracement levels and important resistance levels – to seek promising areas to take our Short positions. Price pattern on the Hourly must also be forming lower highs and lower lows. Please note that our aim is to sell a rally in today’s down-trend.

Also, PATIENCE is the key here: we need to patiently wait for the Hourly retracement. It might happen, and it might not.