Some coffe sachet drain your money

 a financial experrt in my country said that cigaettes and cofee sachet make people poor. I believe that the cigaettes can make you poor. the cigarettes is expensive. in additon some smoker use not only one pack ciagreeets but some cigereetes. that is why some commpon people become poor . 

However i cannot believe some sachet coffe make poor. a sachet of coffee is very cheap tha cigareste. Drinking five scahet is not moe than a dollar. However, with this sachet you need other snack and coffee. in my country a sachet of coffee just 25 cents or a quarter dollar. While some cigeretes price is two dollars. some smoker can use up to three packs cigarette or more. i am pretty sure the cigaettes price in developed country is far higher than in my country. 

while a cigaretees make you poor, some sachet can dain money. saving some cent help you to each yu financial goal. 

The sign of sick financial

The poor man must have sick financial because they cannot cover the spending. They have trim down the spending but they cannot cover the spending. It is debatable that the poor must have sick but some rich people also have sick financial. Hera is this signs

1.       They can cover the spending

Though, they can make hundred thousand dollar but their spending beyond the salary. They must owe money from other people. They should back the money and someday they will be bankrupt if they cannot pay the debt.

The sick man just fulfills the want but they ignore what their need. They supposedly cut the expenses. They can begin to reduce eating out, drink coffee at café, and watch the movie at cinema.  

2.       They have so much debt.

They should pas the credit card monthly and pay the car credit, house credit and education debt. The debt more than 30% of the asset is a dangerous. They have low ability to pay the debt with the asset.

3.       Have No financial Goal

Perhaps some people abandon the financial goal and they do not care about it. They think that financial goal is useless or they think they do not need financial goals because they have no money.Either you have money or no have money, you should have the financial gals.You can start 

4.       No Investment

The investment is good for our future. It can help you when you have no jobs or when you retire. The investment can multiply our asset. The return that you will get may

5.       No Emergency Fund

The emergency fund when you get the accident. When you stop working and you should find the jobs. The emergency  will help you to finance your live when you have no jobs or salary. The amount is not more than six times your routinely spending.

How to overcome the sick financial

Though, you have high salary but you cannot fulfill your spending. Your financial health must be sick, that is why you have to overcome or cure the sick. The sick will harm your finances. You will not save any penny and you have no retirement fund.

Perhaps there action can cure your problem:

1. List of your spending

What is the total of your spending? Perhaps you spend much for leisure only but you ignore the important things, you do not save or invest but you just buy useless things. Track the spending that you spends everyday. Write every spending that you use at the afternoon. Do not write the today spending at the next day. You must be forget to record all the spending.

2. Create a budget

This is a ways to term down your spending. By creating a budget, you know where to spend the money. You must obey the budget that you have made it or you cannot improve you financial health. By creating the budget, you know the balance of your spending and the income. Reduce the speeding when it beyond the income. You can also increase your income if you cannot or do not want to trim down your spending.

3. Crate financial goals

Perhaps you have the financial goals but you do not have the specific one.  You goal just want to be rich. We do not know the reach it .Is rich people who have the car in the house only.  A poor man has car or house but they still poor. You should make specific goals that derive you to work hard.

Perhaps you want to get one million dollars for next ten years. Then, you should save your moneys for it. You can also open a business or invest at some investment.

Financial advice for teen

The rich people son's often get financial knowledge from the parents. They can manage the money better since they are teenager. As a teenager, you can follow the advice to make your life better.

1. Learn about budgeting
Your mom or father give allowance for monthly or for daily. It is no problem whether your parents give the allowance, you have to save the part of allowance.
Calculate what your needs such as lunch, bus fare, book, notes book, handphone voucher, cloth, and others. List the spending on your notes and the type all the entries on spreadsheet. 
The amount of spending should be balance with the allowance. As a teenager, you can seek out the new income. Sell the used bottle or can to the recycle shop.
Today the teenager can make money easily with internet. They can blog and make dozen or hundreds dollar.  It will not takes the times to blog. You need only one to two hours a day.

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2. Saving the excess allowance
Do not return back the allowance to your parents. You are better to save the excess money for other things. Perhaps, you want to buy iPad or new notebook. There are some book or dvd that you like but you have no money. You can save some money and buy it. 
Save the money in the cash box or piggy bank. The piggy bank will be full if you save constantly. Remove the money from the cash box to the saving or investment. Ask your parent to invest your money at equity, mutual fund, ETF, and others. You can buy precious metal too and save it to your parents.
3. Financials goals
The teen should have a goal? The short term goal is the goals that you can reach in one year. Example: You want a new skateboard, or chicken coop at the backyard. Write the goals in your diary or blog.
As a teenager, you must have a ideal. Some teenager are confused to choose the ideal that is fits with them.Consult the ideal with your parents, teacher, or friend. They may direct you to right ideal.  Some kids ideal is to become a doctor. The teenager can help the father to enlighten the medical school fee that is very expensive. Find the scholarship to support the medical education fund. Borrowing from student loan may be not a good idea. You will difficult to pay off the debt.

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5 Ways to save money on Food
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Fundamental Investing for Financial Planning

Five Elements Financial Goals

The Financial goals is an essential element in financial planning. The goals should have at least five element or ingredients. Here are the elements:

1. Create wealth
The aim of financial goals is to make the people wealth. They can create wealth with some ways. Most people prefers to work for the boss. They can shows the boss that the company deserve to pay they more. They can choose any company that promise high salary,
Some other prefers to open a business due the business can make more money than working as an employee. Some of them are success in business.
2. Maintenance wealth
If you nave reach the wealth, you have to maintenance it. Manage the money that come from your boss or the business well. The money that come to you or cash inflow should be balance with the cash outflow or spending. List the spending for the next month completely. The spending must be lower than the income so you can invest the money or save the money.  
3. Increase wealth
Our jobs is not finish when we have reach the wealth. You should not satisfy when you just get $ 30,000 a month. You can also increase the money to a hundred of thousands. The employee can ask the boss promotion or the business man can add a new store so they can generate more money. A business man can try other business. Example: They can open a car workshop.
4. Protect wealth
Some people may protect the wealth with insurance. The life insurance can help the family survives. The health insurance can protect from hospital fee that is very big. The sick will not disturb the wealth again.
I prefer asset allocation than the insurance, due it is cheap. In asset allocation, we do not have pay the premium. We alone determine to put the money to various asset. Do not put your money at financial asset only such as stock, bond, mutual fund, derivatives, and other. You can put your money to real asset such as land, property, and else

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