Personal finance tips for new graduated

Life after college is very difficult to some people includes me. I have no jobs for more than two year. Then i decide to open a business.  Certainty, I have no enough money and i was not able to manage money because i just make less money.

Supposedly, I should made action to manage my money. Here are several piece of advice for the newly graduated:

Live below your mean

Calculate your spending and try to trim down your spending. You can also make money. Find jobs or you can get freelancer jobs.

Do not borrow money again

If you have habit to borrow money, you should stop it. You do not have to use credit card because the interest is so high.

Do not ignored student loan

If you have student loan, you have to pay of the loan. Though the student loan’s interest not high, it will increase.

Prioritize your goal  

People have so many goals that they have to reach. Buying a new house or new car may be your goal. You can start saving to buy it. Though you just graduated the college, you can also save money for retirement too.

How to increase your income suring recession

We are difficult to get money now. As the Greek crisis has influence the world, the recession shadow world economic. We might be difficult to stream income. The good prices also increases that can increase our spending. There is no other ways beside increasing income.

Rent Assets

Rent Asset to other people. You can rent room for $500 to student. If you have two houses. you can rent one of them. You may generate thousands dollars from it.

If you have car or motorcycles, you may rent it too. It is better than leave your car in garage. You can sell if you have more than two cars.

Get rid your items from warehouse

You have better to get rid useless items from your warehouse. It can get benefit two sides money and empty room. You can use the room for business.

Perhaps you still save the baseball stick or helm on the garage. Why do not sell it and make money?

Second Jobs

Some people works after they arrive to home. They can works up to middle night. When I was young, I also works at the morning at the night. I got double income from consulting firm and university.

Seek out ways to makes more income. Do not hope too much from paycheck that you receive now. It may be not enough for you. You may need more money to fulfill your basic needs.

You can find some jobs in internet such as writing article, virtual assistance, and others.

Smart Investment

We realize that investment today is not good. The trend of the index market decline. It looks the stock index will not rise again. The bond market also bad due it interest almost hit zero. The government will not increase the interest because it can make economic worse. However, some emergence market can make profit too. While the stock index decline, some Chinese stock can make return two digits.

For long term, you can also invest the money at blue chip. Someday, the stock can be doubled or when the economics recover.

Articles online

This is the easiest ways to make money. Indian people write 400 word article for a dollar. Surely they do not write the article well. However, some publisher still need their article. They can make dozen or hundreds blog to obtain adsense revenue. They are patient to stream income from the adsense. They market the blog and promote the blog in order to increase the traffic first.

Financial Management Tips

For a better result, you should manage the money well. It is not difficult to manage money. By manage well, you can use the small paycheck that you receive from your boss. Here are some tips to manage money well.

Financial goals

Have you mad the financial goals? Not yet. You should make it immediately because it can determine the direct of financial management. What for the money management if you have no financial goals. A financial goal is the reason why you should manage your money.

You may have something that you are really want to buy. Perhaps, you have promise to your kid to buy tricycle. You can save the money for three or six month for buying bicycle to kid. Or, you may have the long term goal to have a house. Most people want to buy a comfort house so they can live inside.

I believe most people want to buy house, car, and other things but unfortunately, they do not write is as their goals.

Steady income

Working is not enough when you just makes little money. The money may be not enough for fulfill your daily necessity. The main of income is usually paycheck from your boss. For the businessman, the main income is business profit. The employee can make smooth income. They receive relativley stable monthly; while, the businessman receive the income volatile. Sometimes they can make so much money, but sometimes they cannot get any penny.

Retirement Fund

Most employee contribute the money to retire fund so they hope they can receive money after they quit jobs. Contribute to IRA or 401 k that can give you some benefit. You can also borrow money from retirement fund.

The retirement fund help you to manage the money for the future. They invest your money to profitable investment such as company stock, mutual fund, bond, ETF, and others.

Budget

Tell to your family the budget so they can understand why you looks so miser. You have no mean to miser but you want to save money. Tell them that we have tight the money for our future. They will understand what you say. They may not ask something expensive such as gadget, video game, play station, and else.

They may help you to fulfill your expenses. In Eastern countries, The kid use to help the parent to fulfill the family expenses. They help the parent in the crop field, farm, or, market.

How financial freedome make your life easier

I am pretty sure that someone who has money will life easier than someone who has no money though we find in some cases the rich man is not a happy as the poor man. They often awareness by something that they do not know it. They can buy anything but they cannot buy happiness. However, being financial freedom make your life easier.

1. No Money worry

Most people worry about the money. They afraid the money is not enough for education and retirement. They work very hard to reach the goal. I have ever heard that the worrines can affect the health. Sense of the worry may make you desperate. You are difficult to concentrate to generate more money.

2. Protection

In my country, a farmer who has hundreds hectare oil palm plantation bankrupt whereas he can makes thousands dollar from the plantation. He may have so much asset but he do not diverisifed the asset well. He just put the money on palm oil only.

The financial freedom has so much various asset so you can protect yourself when you loss some assets. Some people prefer insurance to cover themself.

3. The Health

Since you have good finance, you often check up your financial condition. You can also buy organic food that free from hazardous chemical. On the other hand, the people who eat non organic food could be unhealth.

We can also go to gym that other people is difficult to go there. The gym instructor suggest some exercise that fits wit the student.

4. Retirement

The financial freedom means we have to provide some money for retire. We do not have worry about the future. Perhaps we can contribute $20,000 per month. We may receive $ 10,000 a month when we quit from the job.

5. Assets

The asset has so much and they can generate more money. You just need hire the asset to someone need it. Some people need the house but they are not able to buy it so they prefer to rent the house from you.

The asset also cover you from loss. It also can be useful when you want to borrow money.

Surely you have so much reason for life easier. When you are going to office, you have a good car. You do not have to wait the buss in shelter. Your education also guaranted and the kid can select any college that they like.The future of your kid will be better than other kid who have  no fund for college.