Disadvantages of hourly wages

A good lawyer often asks hundred dollars for their service. An experienced doctor ask hundred dollars for just few minutes consultation. The professional get highly payment. On the other hand some worker also get hourly wages. They get $7 a day to do something. They will receive the payment at the end of the month.
For the professional, the hourly wage is better than annually wages but the common worker hourly wages is not good. There are some disadvantages when you receive hourly wages:

1. The payment is so low
The payment is so low especially for the common worker. They just get $7 per hours. Some employee just get $5 per hours. It is difficult to negotiate to the employer to rise the hourly wages. The employer know that the economic is so tight and the employee will receive the low wages.

2. The boss often push you
Some employer push the worker to work hard. They want the jobs has done in specific times because they do not want the employee spend much time. The employee know that they should pay more when the job has not done yet in certain time.

3. The worker should arrive on time
Some employer fine the employee who came late. They do not care the reason why they late. The employee should punch the card to absent machine. If he or she forget punching the machine, he or she will not be paid. An employee should arrive on 9 am and go home on 5 pm.

4. The hourly wages does not challenge us
The hour wages does not challenge us to work more efficient and effective. Working fast or late, you just get similar wages. You do not think to find a ways to work fast.

5. We cannot work for other project or jobs
My friend was a public service. He has not much jobs and he often go home early. His boss angered to him because he used to go home early. He explained that he has finished the jobs. The boss did not accept his reason. My friend should be at office even though there was no jobs. The boss said that he could do anything like reading newspaper.
My friend does not want to stay long at the office, he should do some business. Finally, he decided to stop working from public service. Now, he has been leading a print company.

How to reduce financial stress

Most people face financial stress. They may have lack of money because the low income and the high spending. It forced them to find the excess money to cover the lack of money. They can overcome the problem by doing this:

1. List all expenses
Some people are lazy to list or track the spending. They may spend money many times so they may miss to record an expense. Listing the expense is not an easy jobs. You should list the expenses everyday. However, you should do this to reduce the financial stress.
Record the expenses at a piece paper. You can put it at the kitchen or you can stick it at refrigerator.

2. Budget
After creating list, you can create the budget. Write all the income that you generate. Compare the income with your spending. Is the income enough to cover the spending? If your income is lower than spending, you have to reduce the spending. Be creative to reduce the spending. Do not make it suffer you.

3. Find other income
If you have low salary, you have to find other income. Seek out the creative ways to generate money. There are some freelance jobs in internet. Perhaps, you can do data entry, making presentation, writing script, writing article, shooting photograph, and so many.
If you have jobs, you should be able to manage the time. The other project should not disturb your main jobs.
Some employee can make income from home. They write hundreds article or content for the website. Dozen or hundreds dollar from the article is not bad. You can use it to buy your kid cloth.

4. Creative to reduce the expenses
Use the coupon to reduce the food and beverages expense. It is not reduce the expenses much. You can save $20 to $40 a month or $240 to $480 per year.
You can cut the cable TV expenses too. Shift to the cheaper packet to reduce it. If you want to stop subscribing it, it will be better. Not watching cable TV will not kill you.
Consider to reduce the debt especially the consumer debt. You can back the items to the creditor. Alternatively, you can rent it to other people. For example, you can rent your lease car to other people.

How to make debt reduction plan

The debt can make people bankrupt. The amount of the debt increasing when we do not pay the debt on time. The debt also can load our finances. We have to make the debt reduction plan to settle our debt fast.

Here are ways to make debt reduction plan:

Tracking everything
In the middle of month, some employee confuse because the money almost loss. They do not know where the money gone up. They do not track it.
Supposedly, you should track all of your money. It help you to allocate the money to the debt payment. It is not difficult to do that. You just need to record the spending in a piece of paper or you can record it at spreadsheet. 
Base on tracking, you can make a budget. Set aside the money for the debt. To settle the debt fast you must prioritize the debt.

Balance the budget
The generic ways to balance the budget is to reduce the spending. This is not an effective ways to settle your debt. You need to pay attention to your income side. Try to boost the income to pay the debt immediately. There are so much ways to increase the income. If you cannot do it, you can reduce the spending. Use the generic product to save some dollar.

Renegotiate debt
You can ask the creditor to enlighten your debt. You can buy the interest only for temporary when you have so much money, you can pay the debt immediately. It will good when the creditor forgive your debt.

Generate income from the debt
Some people put the loan to deposit. It must be wrong steps. The loan interest is higher than the deposit interest so they must pay the interest. If you have house or car, you can generate income from them. The house or the car that you have not pay off can be hired to anyone. You can use money to pay your debt.
In my country, some public transportation use this way to get the transportation. You do not have to sell the asset but you still be able to pay the debt.

Generate income from investment
This time, you need to generate income from investment. Despite the economic downturn, you should find the investment that can makes money. There are some stock from Brazil, India, Russia, and China that can makes money. The money that you can get from investment will help you to settle the debt.

How to stay debt free

When we have so much debt, we must be worried. The phone ring often and we do not want lift the telephone up. It must be from the bank or credit company card that asks us to pay the debt down. 
That is why; we should be always debt free. Another reason to stay debt free is the cost of the debt is high. We should pay the principal and the interest that may increase in the future.
The first step toward stay debt free is to know your financial goals. Each people know what are the most important things for them. Write the goal that they can reach in short term, middle term and long term. The goal helps you to manage your money. You know very well where you spend money to some posts. On the other hand, if we have no financial goals, we spend he entire money fast. 
Second, you must build an emergency fund. Allocate six times your monthly spending that you can save at liquid investment. We can use the money when we need the money immediately. Some people use the money when they got fired. They do not have to owe money from other people or bank.
Three, do not owe other people’s money. The ultimate ways in staying debt free is not to owe other’s people money. Settle down soon your liability. The debt may increase your monthly spending. Without debt, you can save more and use the money for other purpose.
Sometimes people need debt to buy the big things such as house due our salary may be not enough to buy the house. The mortgage may help us to get the money however you should not use mortgage if you are not sure you can settle the mortgage. Some people buy mortgage but hey do not consider the money.  A person who want buy mortgage must be able to fulfill daily needs, paying bills, and other things.
Do not think you will settle the debt when you add the debt. Some people use credit card to buy mortgage. In my opinion, by using credit card you make a snow of debt that will crush you. You should increase your income before buy the mortgage. There are so much you can do o increase your income. You can do some side jobs or you can be a freelancer.

5 ways to save when staring a business

It is difficult to starting a business because we should provide so much money. We spend money as the capital of our business; however, we can trim down some spending by do like this;
1.    Do not buy car
Most business needs car so we can meet the client fast with the car. We do no want to arrive late to meet the client. The client will not be happy with your late or they will not want to meet you again.  We can also pick the product from the factory fast. Unfortunately, the car is expensive and the cost of owning car is also expensive. You are better to used mass transportation such as train or bus to go everywhere. If you are afraid late, you should go early. You are better wait the client rather than client waits you. The client must be respect you if yu arrive in time.
2.    Use Open source software
There is so much open source in internet and you can download it free. Those open source may support your business such open Linux Operating System.  We can create the document by using open source word processors; we can create some slide by using open source; and else. We can also use wordpress to create our blog and website. Some great website uses the wordpress.
Buying software is not cheap. You should spend hundreds or thousands dollars.
3.    Buy used furniture
New office must need furniture such as filling cabinet, desk, chair, and other. You can find the used things to buy furniture or you can find the used furniture at flea market.  Negotiate to the seller to get the rebates. You can also check your warehouse perhaps you still have used furniture.
4.    Use the recycled
You have better to use recycled better which is cheaper than white paper. Use the refilling ink rather than buying the cartridge. The quality of the refilled is equal to cartridge ink.
5.    Do not buy the things you do not need
When you start a business, you must be temped to buy anything. Perhaps you wan to buy the painting for the office or flower vas. Those items are not important for your office. If you have much painting that you save in warehouse, you can use it or you can use your mom’s vas that she may not like it.
6.    Use free room
You must need at least one room as your office. Use a free room such as your empty room or garage. When your business grows, you can buy or hire a good room for your office.
Read Also:
Five Ideas to boost Income
How to budget when you marry
Five Things About Loan

5 Mistakes in Grocery shopping

We must go to grocery shop periodically to buy food and some needs unless you eating out. There is so many products at grocery that often attract us. The grocery’s owner arranges the product to attract the consumer. The products looks talk to us and said buy me, buy me.
1.    Buying brand names
The brand names must be more expensive than the generic items. People think that brand name’s quality is better than the generic. Actually, some company produces either generic or brand names. The different of the product is the packaging only. I believe you will n buy he packaging if you know it.
2.    Not List
Before go the grocery sore, you have to prepare the list. Write what your want to buy at a piece of paper. You may need to buy bread, meat, vegetables, milk and others. You should also calculate the price and sum the total.
Without list, you can make impulse buying and you may waste the time. We may forget to buy the items that we need. We walk around the grocery When they are coming home, they buy some items that they actually do not need it.
3.    Bring Credit card to grocery
Credit card with no limit must tempt you to buy more and more. You are better to buy cash to brake the spending. Bring enough cash as you have calculated at the list.
4.    Not use coupon
I think coupon can save some dollar. There are some free coupon that offers 100% free product such as new ketchup, a small bottle of soda, a small pouch of detergent, and others.  Some coupon rebates up to 70% for a milk, meat, meat ball, fish and other. Some other coupon adds the quantity of the product. For example, you can get one if you buy one (buy one to get one free (BOGOS))
We can get the coupon from the local newspaper or internet. Clips the coupons and take them to the store that you can use the coupon.
5.    Buying Too Many perishable items
Do no buy too much vegetables and meat due it is perishable. Though, you have good refrigerator, the green vegetables will be dried in a week. You cannot cook dried vegetables and you will not eat it. Your child will not like the fruit that you save in refrigerator more over the meat that you have saved for weeks. The smell and the taste must be bad.
Some people buy to much perishable because the discount or rebates. They buy, for example, five bottles of milk because the price is same to two bottles of milk. You should not use the coupon for perishable income unless you have big family. 


As long you do not make some mistakes, buying grocery can save money.

Three steps to construct a good financial planning for beginners

Every people supposedly has financial planning as a guidance to manage the money. It is not difficult to makes the financial planning. Seek out the information about financial planning from the book, magazine, internet and else. You can read the example of the financial planning. You can adjust it with your financial condition. Do not use the sample because it may be different with you.
Each people are different. For the rich people, they can spend so much money but for poor man, they should keep the penny.
Here is how the beginner can create a good financial planning:
1. Setting the goal
The first thing that you should do is to set the goal. Each of us is different and unique. We have different mind in setting the goal. Some one want to become the doctor, some others want to become a pilot. The different goal means the different ways to reach. A man who want become a doctor must provide more money than others who want to become a pilot. Studying in doctor need more money and time.
The goal should be fit to the financial condition. Do not dream of become a very rich man, reminding you just ordinary people. You will be difficult to make it come true. As an ordinary, we can set the goal to reach wealth. We can find the job at an office. Alternatively, you can open a business to get the money. Sometimes opening a business is better than getting a job.
We can setting either short term or long term goal. Short term refers to the goal that you can reach in short term, such as, buying gadget, paying the short term debt and else. Surely, you should consider why you buy those items. Perhaps the items help you to make money. For example, an internet marketer must need sophisticated gadget to promote the content via social media.
The Long term goal is something that we can reach in long term. We cannot reach in short term easily. For example, we want to hold one million dollar next  20 years. You must sure that your goal is attainable. Surely, you can increase the goal if you believe you are able to attain the goal.
Without a goal, you must be difficult to build a budget. You will have no plan because you have no aim to go. Therefore setting a goal is very important in financial planning.
2. Build a budget
A budget is the tool that is important for financial planning. The budget helps you to manage money to reach your goal. It records all expenses in one month. For the next month, we can share the money to the spending items such as food, mortgage, credit, utility bills, kid school fee, and else. List the details any food that you eat in a month. It is include cereal, vegetable, meat, fish, milk and others. You must have the bon from the grocery or store. You have better to keep it so you can count your food spending accurately.
With the budget, you can save the money monthly. You will not spend out the money before the end of the month. Some employee has spent out the monthly paychek before the end of the month. They do not know how to use money well. They spend money without a plan before. They also follow what they want. For example, when a factory launches a new cell phone, they buy the product whereas they still have a good one. They want have a new one to show it to their friend or family. Supposedly, they buy the new when the old damage or lose.
After making a budget, you should also be disclipline. Do not spend any items that you do not write down at the budget. For example, you should not buy the stereo or DVD, because you have not plan to buy the electronics at the month.  Plan to buy the DVD for next month so you can buy the dvd for the next month. You can punish yourself when you break a rule. You can reduce your entertain or leisure spending if you breaking the budget.   You can allocate the spending to cover the shortage of the budget.
3. Take the action
You can earmark the money for saving that is important for your future. When you do not work, you will get so much money from the retirement fund. Some old man cannot save when they young so they must work whereas the physic is not strong anymore.  It is not difficult to save your money. Allocate only one percent of your money for saving today. You can increase the percentage when your salary increases. The saving is important for short time. When your boss fired you, you can use the saving to fulfill your daily necessity. You can withdraw you saving until you have a good jobs or other income source.
Do no stack your money on saving only because the return is low.  You are better to invest your money for the future. Yes, the investment return is not good today but someday the investment will return on the track.  After the great depression, the sock return gave high return he investors. I believe the stock will give the high return next time.
Investment is not only stocks and bond. We can also invest our money in real asset.  The cattle may be a good investment too because the female cattle can bear one baby every two year. You must buy the land for shepherd. You can also consider sheep or goat. Those animals could bear two times in a year. Each female can bear 2-5 babies. The population of your sheep or goat can double in short time.
The farm land is also important too. There are some precious commodity such as corn, wheat, soy, and others. It must need large farmland to produce those commodities. You can start to buy small area first.