As the consequently of the high unemployment, some company decide to recruit low paying employee so they can trim down the company expenses. It is important for the company to reduce the cost, reminding their revenue has decreased since the crisis occurs. The raw material cost is skyrocketing. Some government also increases the tax to increase budget.
Some fresh graduate may accept the jobs to find the experienced but some experienced employee may refuse the jobs.
Working for low salary may decrease the experience works bargain. Some economic or finance expert also said that some jobs has high opportunity cost, meaning you will lose some opportunity by taking the jobs. It is more terrible than being unemployment.
The experienced have ever enjoyed a high salary so it is difficult for them to accept low salary. They own house or car. They go to office by car. They prefer to find other jobs or opening a business. Opening a business can generate more money but you need capital to start it. Some unemployment can make money higher from business than when they are still working for the company.
If you have no money and business, you should take any jobs. In my country, a fresh graduate want to works for $65 a month. They have no choice. Some big company just want experienced employee only. The money is not enough for the employee necessity. However, they can save some spending by living with the parent. The paycheck is just enough for transportation, a cloth, and, lunch. They sacrifice to works for four hours than they can find other jobs. Some employee is success to do this strategy. I have ever seen that a doctor degree promote himself to work for food. He has no jobs so he needs some food. Asking other people or become a burglar is not a good way A burglar may generate thousand dollar a month but your pride will decrease. Perhaps, you will meet your family, neighbor, your lecture, your ex wife and else.
There are some benefits when you work for a company or firm whereas you just get little money, such as:
1. You still have a job
No matter how much your money that you will get, you still have job now. You can answer to someone who asks you where your occupation is. Your pride is still high if you have a job, even some people may mock you due its low salary. You can explain them where you works and how you works.
Perhaps you do not like stay home. By taking the jobs, you can go to office everyday. It might make you happy.
2. Your brain still work
An unemployment brain must does not work well because they do not use it. Perhaps they do not know how to sum the number with excel or spreadsheet. You may forget to copy a file or download a file.
Working can increase your knowledge and experience that will increase your value and expertness. The knowledge that you get from university may be different with your jobs. You will be able to work with words and spreadsheet. Some company may consider your experience to increase the paycheck. Someday you will be hired some good company that pay you high.
Staying at home without doing anything makes you crazy. Some people stress because they have no jobs. They become alcoholic because they drink too much. They think the alcohol can help them from unemployment.
3. You get a network
By working, you will get new friend. Not all friends are a good man but you can get a few good men who help you. I get some friend in the university where I teach there. He asks me to teach at the school where he led. I am happy to hear that.
Surely, you should build a good relationship with your friend. Do not ever cheat them and make them down. Your reputation will be bad once you disappoint them.
Someday you need them. You can offer your business or stuff to them. You can also offers consultant service if you build a consultant company.
4. You get the project
Some jobs also offer the project to the employer. The projects are important to stream more income. You will work some jobs that make your experience and skill better.
5. You receive money
Is your salary enough? I am pretty sure it is not enough; however, you can save the money penny by penny. Use it to apply the other jobs. You can also use it to starting a business. It is better to get $100 than nothing. You can give it to your mother if you live at her house.
If you have no job at all, you have taken the jobs. I believe you will not satisfy with the paycheck, however, you can find other ways to stream other income. You can also start business such as online business to add your income.Some employee does the jobs after working hours. I heard a blogger still work though they just receive little dollar from it. He worked at the day and write at the night. When he got thousand dollars from blogging, he stops working.
read also:
Freelancer Versus Employee: Which side are you
Thursday, June 21, 2012
Sunday, June 17, 2012
Investment in Collectibles
Collectibles may be not a good investment recently due to the crisis economic. People avoid buying luxurious things including collectibles because they need money for other important needs.
If you have so much money, you can buy some collectibles. When the economic recovery, you can sell the collectibles at high price. There are some collectibles that you can use as long term investment, such as:
1. Coin
The coin has been used by Roman Empire before Christmas born. The Ancient Greek also used the coin as the transaction tools. The oldest coin is found in Lydia, Turkey. Along time ago, people use precious metal such as gold and silver as the coin material. The coin was a valid payment at that time. People can buy cattle, cloth, crystal glass, with that coin. Some coins were also made by cupric.
Some collectors keep the coin for their collections. The old and rare coin price is so expensive far from its nominal value.
United States also old gold coin.
2. Weapon
Some weapon has history value. There are so many antique weapons from middle ages to civil war era. The collector find Flintlock riffle that was the modern riffle in the era. Some colt or revolver from 18th century or Wild West era is a good collectible too. Some country forbids the firearm collection you need to get permission before collecting firearm.
The sword is also famous collectibles too. Most swords were used by important people or famous people. In my country, the old sword price is so high. Only
3. Stamp
British was the first country that use stamp for post service. The oldest stamp in the world is British stamp.
4. Money
Paper money is also a good collections. Keep the paper money in money album. The old money price is expensive too if you can keep the conditions of the collections.
5. Painting
The old painting that was made on middle age is very expensive. Its price could reach million dollars. Some famous painter also creates million dollar painting.
6. Sport Card
United States print card for basketball and baseball. The card contain the information about the player and his photo. The famous player cards worth million dollars such as Babe Ruth Baseball card or Shaquille O'Neal basketball card.
If you got the uniform, you can keep it. Someday, you may sell it to the collector or fans. The uniform must be expensive if you sell it to the collector.
Some player also has winner ring that is very valuable.
You can collect some antique things for long term investment. You must remember that the collection is not liquid investment. We can sell it when we meet the right buyer and we cannot sell anytime we want.
If you have so much money, you can buy some collectibles. When the economic recovery, you can sell the collectibles at high price. There are some collectibles that you can use as long term investment, such as:
1. Coin
The coin has been used by Roman Empire before Christmas born. The Ancient Greek also used the coin as the transaction tools. The oldest coin is found in Lydia, Turkey. Along time ago, people use precious metal such as gold and silver as the coin material. The coin was a valid payment at that time. People can buy cattle, cloth, crystal glass, with that coin. Some coins were also made by cupric.
Some collectors keep the coin for their collections. The old and rare coin price is so expensive far from its nominal value.
United States also old gold coin.
2. Weapon
Some weapon has history value. There are so many antique weapons from middle ages to civil war era. The collector find Flintlock riffle that was the modern riffle in the era. Some colt or revolver from 18th century or Wild West era is a good collectible too. Some country forbids the firearm collection you need to get permission before collecting firearm.
The sword is also famous collectibles too. Most swords were used by important people or famous people. In my country, the old sword price is so high. Only
3. Stamp
British was the first country that use stamp for post service. The oldest stamp in the world is British stamp.
4. Money
Paper money is also a good collections. Keep the paper money in money album. The old money price is expensive too if you can keep the conditions of the collections.
5. Painting
The old painting that was made on middle age is very expensive. Its price could reach million dollars. Some famous painter also creates million dollar painting.
6. Sport Card
United States print card for basketball and baseball. The card contain the information about the player and his photo. The famous player cards worth million dollars such as Babe Ruth Baseball card or Shaquille O'Neal basketball card.
If you got the uniform, you can keep it. Someday, you may sell it to the collector or fans. The uniform must be expensive if you sell it to the collector.
Some player also has winner ring that is very valuable.
You can collect some antique things for long term investment. You must remember that the collection is not liquid investment. We can sell it when we meet the right buyer and we cannot sell anytime we want.
The cost of having a car
Owning a car is a dream for most people. We can go to anywhere easily by car. Hold the steer make our feeling so happy. Some people are proud to other people due its car. They often proudly exhibit to other people.
For the rich people, owning a car is not a problem because they have so much money. On the other hand, ordinary people must be hard to pay some cost like this:
1. Maintenance and service cost: After run for thousand kilometers a car owner supposedly check the car. The engine must be erode after working hard.The owner should replace the engine oil so the machine can work well.
2. Insurance. Some country oblige the car owner to buy the insurance. The insurance insure the traffic accident and pay to the victim of traffic accident. Some car owner also insurance the car from accident and loss. There are so many thieves that want stealth new car.
3. Parking. If we want go to office by car, we should hire the parking lot. It is not cheap to hire the park. In New York, you have to pay $ 1000 per month for a car.
4. Ticket. Some country forbid car enter the city. London charge £ 16 each time the car enter the city.
5. Toll fee. Passing through street often got traffic jam. We can use highway to avoid the traffic but it need cost.
6. Depreciation. The car value is decreasing. The car decrease 35% at the first time. After first time, the depreciation rate is around 10%. It is caused by the old machine that cannot work as the new car.
7. Driver. Some luxurious car needs driver or chauffeur and it is not cheap. The owner should pay at least 1,200 per month.
8. Gasoline or Gas. The car need gasoline or gas that cost $3 to 4 per gallon depend on the world oil price. When Arab world stop producing the oil, the oil price may hit $6 per gallon. At least you will need $ 500 per month.
9. Washing car
To keep the car sparkling clean, the owner should wash the car periodically. The owner can wash with car shampoo and water. If they have no time, they can wash in washing car machine that use automatically large brush and foam. In a few minute, the car will be clean.
Read Also :
How to cut water bill spending
How to cut cable TV spending
For the rich people, owning a car is not a problem because they have so much money. On the other hand, ordinary people must be hard to pay some cost like this:
1. Maintenance and service cost: After run for thousand kilometers a car owner supposedly check the car. The engine must be erode after working hard.The owner should replace the engine oil so the machine can work well.
2. Insurance. Some country oblige the car owner to buy the insurance. The insurance insure the traffic accident and pay to the victim of traffic accident. Some car owner also insurance the car from accident and loss. There are so many thieves that want stealth new car.
3. Parking. If we want go to office by car, we should hire the parking lot. It is not cheap to hire the park. In New York, you have to pay $ 1000 per month for a car.
4. Ticket. Some country forbid car enter the city. London charge £ 16 each time the car enter the city.
5. Toll fee. Passing through street often got traffic jam. We can use highway to avoid the traffic but it need cost.
6. Depreciation. The car value is decreasing. The car decrease 35% at the first time. After first time, the depreciation rate is around 10%. It is caused by the old machine that cannot work as the new car.
7. Driver. Some luxurious car needs driver or chauffeur and it is not cheap. The owner should pay at least 1,200 per month.
8. Gasoline or Gas. The car need gasoline or gas that cost $3 to 4 per gallon depend on the world oil price. When Arab world stop producing the oil, the oil price may hit $6 per gallon. At least you will need $ 500 per month.
9. Washing car
To keep the car sparkling clean, the owner should wash the car periodically. The owner can wash with car shampoo and water. If they have no time, they can wash in washing car machine that use automatically large brush and foam. In a few minute, the car will be clean.
Read Also :
How to cut water bill spending
How to cut cable TV spending
The benefit of owning a stock
No one insane people said that the stock is better investment today. As the economic condition bad, the stock investment also becomes worse. Some stock does not pay the dividend again. Its price is also decreasing due to low demand of this investment.
However, some optimistic investor believes that the economic will recover. They think it is time to buy the cheap stock. They can buy the expensive stock cheap. Here is the benefit of owning company stock.
1. You own the company
By owning stock, you and other shareholder are the owner of the company. If you have majority stock, you can lead the company. The majority shareholder has right to decide the company where they go.
2. You can sell it anytime
Stock is very liquid and you can sell it anytime you like. You have better to sell when the stock reach the peak. Learn the statistical or technical of the stock. They have peak or valley. There is some sign that the stock will increase or decrease. A clever investor should buy the stock cheaply and sell it expensive.
3. Get the dividend
Some good company that can generate revenue will share the dividend to the shareholders. They want share Dividend can also increase the stock price. The company that always pay dividend to the investor is Blue Chip Company. It is not difficult to recognize the blue chip company. The stock market list some company that is included as Blue Chip Company.
4. Generate capital gain
The stock price is volatile. Sometimes it increases to the top but sometime it go down to peak. Before the dotcom bubble, the dotcom stock could rise over many times. Some investor get benefit by selling it.
Today, the stock price tends to decrease, but someday the stock will increase. Surely, you have to buy the right stock not junk stock. The right stock has some sign that you can analyze at the financial statement.
5. It does need saving and maintenance
Owning stock is not bored the holder or investor. The investor can save the stock at their house or the can save to the broker or safe deposit box that cost little money. You can save the stock at wardrobe or other safe place.
Certainly, the company stock is risky investment too. The investor can loss all entire money in a moment.
Read Also :
What is investment that right for investment?
Stock Versus Mutual Fund
Stay Positive in Tight Economic
However, some optimistic investor believes that the economic will recover. They think it is time to buy the cheap stock. They can buy the expensive stock cheap. Here is the benefit of owning company stock.
1. You own the company
By owning stock, you and other shareholder are the owner of the company. If you have majority stock, you can lead the company. The majority shareholder has right to decide the company where they go.
2. You can sell it anytime
Stock is very liquid and you can sell it anytime you like. You have better to sell when the stock reach the peak. Learn the statistical or technical of the stock. They have peak or valley. There is some sign that the stock will increase or decrease. A clever investor should buy the stock cheaply and sell it expensive.
3. Get the dividend
Some good company that can generate revenue will share the dividend to the shareholders. They want share Dividend can also increase the stock price. The company that always pay dividend to the investor is Blue Chip Company. It is not difficult to recognize the blue chip company. The stock market list some company that is included as Blue Chip Company.
4. Generate capital gain
The stock price is volatile. Sometimes it increases to the top but sometime it go down to peak. Before the dotcom bubble, the dotcom stock could rise over many times. Some investor get benefit by selling it.
Today, the stock price tends to decrease, but someday the stock will increase. Surely, you have to buy the right stock not junk stock. The right stock has some sign that you can analyze at the financial statement.
5. It does need saving and maintenance
Owning stock is not bored the holder or investor. The investor can save the stock at their house or the can save to the broker or safe deposit box that cost little money. You can save the stock at wardrobe or other safe place.
Certainly, the company stock is risky investment too. The investor can loss all entire money in a moment.
Read Also :
What is investment that right for investment?
Stock Versus Mutual Fund
Stay Positive in Tight Economic
Thursday, June 7, 2012
How the stock investor should do when crisis
Most Investor worries to their money in stock. The market index trend is decreases in three years after the sub mortgage crisis. Some investor has decided to sell all the stock and buy other asset that can give some benefit. Buying hard asset also guarantee the value of money. For example, buying car can increase our asset and we can use the car. Even though, the car price will decrease but it is not much.
It is the right investor to sell all the stock that they have; however, they do not just follow all people that sell the stock. The investor need to analyze the company whether they can generate revenue or not.
Selling the stock may decrease the profit of your stock because the demand is so low and no one want to buy the stock. Unless you believe that the company cannot operate again, you can sell all the stock. It is better to suffer small loss than suffering big loss.
Moving from stock to other assets is good but you must be sure that you move to right step.
Some investor put the money at certified deposit or bank account. The bank will guarantee our money but we cannot get satisfy return on those investment. The certified deposit interest is only two percent.
Some investor tries precious metal such as, gold, silver, palladium, and platinum. This investment is also good too. However, silver price had decreased on May 5th. This is a sign that that the demand of the metal decreases. Some investor may sell the silver for their necessity.
Despite of decreases silver, the silver is stable. It will not fall to the deep valley as the stock. The gold may be a good alternative to save your money recently. The gold bar has increased to 27 % in past twelve month. I believe no one stock that will give return as high as gold. People believe gold will never fall.
Some investor may buy the property such as land. The land keeps the value of asset but we should pay the land tax. We can rent the land to the farmer or businessman. They may use the land for farm crop or business.
I think we can put our investment in stock just 10% of our asset if we are risk avoider. The risk lover can put 40 to 50% asset to the stock.
It is the right investor to sell all the stock that they have; however, they do not just follow all people that sell the stock. The investor need to analyze the company whether they can generate revenue or not.
Selling the stock may decrease the profit of your stock because the demand is so low and no one want to buy the stock. Unless you believe that the company cannot operate again, you can sell all the stock. It is better to suffer small loss than suffering big loss.
Moving from stock to other assets is good but you must be sure that you move to right step.
Some investor put the money at certified deposit or bank account. The bank will guarantee our money but we cannot get satisfy return on those investment. The certified deposit interest is only two percent.
Some investor tries precious metal such as, gold, silver, palladium, and platinum. This investment is also good too. However, silver price had decreased on May 5th. This is a sign that that the demand of the metal decreases. Some investor may sell the silver for their necessity.
Despite of decreases silver, the silver is stable. It will not fall to the deep valley as the stock. The gold may be a good alternative to save your money recently. The gold bar has increased to 27 % in past twelve month. I believe no one stock that will give return as high as gold. People believe gold will never fall.
Some investor may buy the property such as land. The land keeps the value of asset but we should pay the land tax. We can rent the land to the farmer or businessman. They may use the land for farm crop or business.
I think we can put our investment in stock just 10% of our asset if we are risk avoider. The risk lover can put 40 to 50% asset to the stock.
How college student makes money
The duty of college student is study. They have to get good GPA so they can apply jobs at any place. Some parent forbids the student works for money. They afraid the kid will not finish the college or university. Some students who works or open a business often stop studying. They think they do not need to finish the college or university because they have so much money. Their parent must be disappointed after they sacrifice so much money in college.
The student actually can make some money and enlighten the school cost. Some jobs do not disturb the college such as,
1. Work for the professor. Some professor needs assistance for teaching or research. The student may assist the teacher to search the article, book, or browsing to find the subject. The professor often need handout for his lecture. The student can create a good presentation with PowerPoint or presentation.
Some professor has research with the company or the university. If the research has high budget, you can get high salary too.
The benefit of working for professor, you can get two benefits i.e, money and knowledge. If you want works for professor, you should have high GPA.
2. Writing for media or website
Some talented student can get money from media. Writing does not bother the student study. They can write an hours every day. The student can get $ 50 each article post in media. They also can make book. In my country, some elementary school can publish dozen.
3. Selling anything
My friend sells shirt or pants to the classmate. Perhaps the profit is not much but you can use the money for buying book or cloth. I have ever buy text book and get much revenue. If we have no time, we can also sell anything that student need it.
4. Online business
Due to advance internet, people can sell or buy anything on internet. Why do not you create online shop to sell book, CD, DVD, bag, Shirt, and else.
5. Investing
Most rich student will invest the money at stock or mutual fund. They can get little dollar from those investment.
They can seriously continue those kind jobs after finishing the college.
Pros and Cons Investing in Silver
People talk about silver that price is increasing more than hundred percent for past twelve months. This metal return is higher than the gold. This white shine metal has different characteristics with gold. Not all people use silver due its corrosive. The Silver is easy to dirty because the air can affect the shine of the color. The owner should clean the metal periodically. They can use clean cloth and polish it. To prevent the shine metal, some owner also polishes it with addictive chemical.
Most silver are used for jewelry, accessories, handcraft, spoon, watch, and else. Some country also uses silver as coin.
Silver is different to gold that can be used for various such as electric cable, processor, fake teeth, electronic component, and else. Its corrosive character makes this metal is not good for electronic use.
Like other precious metal, silver has a risk We have to pay the saving deposit box to keep silver. The cost is about $ 13,000 for every million dollars. The deposit box guarantee our silver security and will change your silver if someone steal your silver from deposit box.
Silver is not too good for jewelry due to its white shine color. Most people do not use silver as jewelry especially rich people.
The weight of silver is heavy. A troy ounce of silver price is only $ 35. You can buy a ton of silver for $ 1,125,400.00
Another disadvantages of investing in silver that is not liquid or you are difficult to cash it immediately. You have to find the jewelry store or silversmith that want to buy your silver.
Due to its limited purpose, the demand of silver is lower than the gold. I hear that the silver price just decreased. In May 6th 2010, the price drop to 10%. This is the biggest decreases price due to dollar become strong. Most precious metal has reversely movement with dollar currency. When dollar is strong, the precious metal decreases and reversely.
However, silver can be a good alternative investment. The silver price may fall but it is difficult to fall again. The silver could reach high price due to the panic investor who want to keep their money.
We can keep this metal as our investment. The investor should know when the right time to buy silver. They can buy when the silver decrease and sell it when the price is high.
Most silver are used for jewelry, accessories, handcraft, spoon, watch, and else. Some country also uses silver as coin.
Silver is different to gold that can be used for various such as electric cable, processor, fake teeth, electronic component, and else. Its corrosive character makes this metal is not good for electronic use.
Like other precious metal, silver has a risk We have to pay the saving deposit box to keep silver. The cost is about $ 13,000 for every million dollars. The deposit box guarantee our silver security and will change your silver if someone steal your silver from deposit box.
Silver is not too good for jewelry due to its white shine color. Most people do not use silver as jewelry especially rich people.
The weight of silver is heavy. A troy ounce of silver price is only $ 35. You can buy a ton of silver for $ 1,125,400.00
Another disadvantages of investing in silver that is not liquid or you are difficult to cash it immediately. You have to find the jewelry store or silversmith that want to buy your silver.
Due to its limited purpose, the demand of silver is lower than the gold. I hear that the silver price just decreased. In May 6th 2010, the price drop to 10%. This is the biggest decreases price due to dollar become strong. Most precious metal has reversely movement with dollar currency. When dollar is strong, the precious metal decreases and reversely.
However, silver can be a good alternative investment. The silver price may fall but it is difficult to fall again. The silver could reach high price due to the panic investor who want to keep their money.
We can keep this metal as our investment. The investor should know when the right time to buy silver. They can buy when the silver decrease and sell it when the price is high.
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