Financial advice for newly graduated

Some Australian young must return to the parent home because they have no jobs. During the crisis, the jobs opportunity is narrowing. The company has not received any employee because they have to minimize the spending.
After graduated from college, you must be confused where to go? The economic is so tight and the unemployment is so high. You may be difficult to find jobs.  However, you should responsible to your life. You have to make effort to reach wealth.


1. Find the jobs
No matter how hard you try, you should find a job. Ask the people near you about the vacancy. They may have job vacancy information. It will be better if they recommend you to a company or institution.  Sometimes the classmate informs you a good position in their office.
You should be proactive. Promote yourself that you are n expert and the company or people will hire your service. Promote your self at social media too and prove that you can do as an expert.
Write a good application letter and curriculum vitae so the company may attract to interview you. Most newly graduate do not write good application letter. They just imitate the other people letter; whereas, we are different each other. By copying other people’s letter, we cannot promote ourselves well.
Make sure you apply the right jobs for you. Do not waste your time by working the jobs that you do not like. Apply the job that you like and fit to your education background.
If you cannot find jobs, you should consider to start business. Some unemployment can reach success after starting business. Use the capital that you have. Do not depend on money only.  Use your brain to make money.
2. Create a tight budget
Most young men do not think the future. They spend all the salary for the things that they supposedly not buy. They do not know exactly where to spend the money. Some newly graduated buy useless gadget. They jus want o show to their friends.
Supposedly, they earmark the money for saving. Saving is important to reach wealth. When you need the money, you can withdrawn the saving. I believe a newly graduated also needs money when they marry. After marry, they must need a house. Hiring apartment or house is sometimes awfully. When hey have kid, they must need more money too.
Creating a tight budget does no mean miser. You can still give donation or charity o other people. It makes you and other people are happy.
3. Learn about financial planning
Although you are not graduated from finance major, you need to learn about financial planning. This science will help you to plan your future and reach the wealth. It is not difficult to learn it. You can read the book that is written by Dave Ramsey, Suze Orman, Robert Koyasaki, and else. If you have no much money, you can read the finance article in the website or blog.
What is your plan after graduating? You must need some money for your plan. Financial planning will guide you to reach your planning or goal. To reach the goal, you may save some money. You have to post or allocate the money for your plan to. Some people may have money than they can imagine. The asset increases over many times because they put the money in investment.
This science also tells you that you have save some dollar for your pension. Yes, you are still young but you have to think your future.  Apportion penny by penny for your old time and you will have the benefit of it.
He financial planning also help you to manage your money well. You can allocate the salary to various expenses such as food, cloth, gadget, leisure and other. It help you to limit your expense. 
4. Create emergency fund
Supposedly a student provide he emergency fund. Sometimes we should spend money for buying a book or make a project. A nice sudden know that he should provide emergency fund.
A newly graduated must need much money too. For example, they must to go to the office for an interview. Sometimes, the office is far from the house. They should buy a flight ticket which is not cheap for it. They can use the emergency fund to buy the ticket. The situation can worse when you have no money. You cannot buy the ticket and you cannot go to the office for an interview. As consequently, you will not enter the company.
When you still have no jobs, the fund can also help you to buy food and cloth. You can also pay the apartment fee. Remember, the emergency fund is limited, so you have to make money before your emergency fund deplete.
5. Do not buy a car
A new graduated does not need a car. The cost of having car included service, gasoline, and oil is so high. Your salary may be not enough for that. You are better to save your money for other post such as education. You may have interest to continue to master degree. The master degree graduate can get better and higher salary than undergraduate.
You can buy the car when you have so much money. Do not ask your parent to buy car and pay the cost.
6. Retirement fund
Most young man or newly graduated do not think retirement fund because they think they are young. They need so much money topsoil them self and they think retirement when they become older. Retirement fund is not the old man business but also young man business too. The young can gather more money than the old man can do. The sooner they invest at retirement fund, the bigger they receive the retirement fund later.
If you are businessman, you can earmark the business profit for retirement fund. Some retirement fund is flexible and have credit facilities so we  can borrow the money from it to enlarge our business.

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My Mother regretful not to buy land

My mother's regret is not buying some land in an urban region near the capital city. She had so much money at the time. Her uncle, who was a military leader in that region, suggests her to buy the land twenty year ago. The uncle said that the land will increase because the urban people will buy the land fro settlement or other building.
Now, the price of land has increasing more than dozen years. The region is a favorite settlement for urban citizen because it is not far from the capital city. There are some mass transportation such as shelter buss, electric train and buss. There is highway that connects the region to capital city.
Now, my brother also builds a house near the urban. He wonders if my mother buys some land at the region. Surely, we cannot change the past. It is a good lesson for us to use our money right.
Saving is very important for our life but we should also use the money to make money. Investing some money in capital market can increase your asset too.
Off course, you should no forget to buy the asset. You have to buy at leas one house so you can live comfort at it. Some land is good for investment and the price can increase over many times after years. Off course, no all land can make money. Some bad land will not make money.
Before buying al and, you should check the certificate of land. In my country, a land could have three to five certificates. We do not know whether the certificate real or fake. Some clash occur because the certificate. Each side argues they have the land. In third country or underdeveloped country, the law enforcement is so pitiful. Sometimes a rich man can buy the law.
 Second, you can check the land master plan. Some municipal have land master plan. Buy he land tha is for settlement cause the price is very good.

How Financial Plan Help you in recession

Normally, people will be difficult live in recession. They could be fired by the company because the company may not need them again. They will difficult to make money while they should still spend money. Finding a job is not an easy jobs. The employee demand low but he supply is so high. Most unemployed want to get jobs. I saw some doctoral degree offers themselves to work for food only. It is a pitiful story. Getting doctoral degree needs much money but they just get food. The recession makes us suffer.
However, Some people can get benefit while in recession. They are clever to create the financial plan. They can stream more income while other people are very difficult to get one dollar. Her are how financial plan help us in recession:

1. The financial plan has planned to create a good portfolio
Some people who own gold bar, gold coin, silver and other precious metal can make more money. The gold price has hit $1700 troy oz and it could hit $ 2,000 anytime. The people must be more wealth than before.
We invest in various investment both real asset and financial asset. Land and property is also good investment now because the price never decline. Some investor sells the stock and use the money to buy land or property. Though the stock return is not good now but you do not have to sell the entire stock. You have better keep the best stock. When the economic recover, the stock will increase and you will get high return.
2. The investment portfolio
The financial plan does not invest at the capital market agressively. Due the recession, they invest few stock only. They reduce the stock in their portfolio except some defenssive stock that can make money. The defensive stock including food company, retail company, and others. People still use soap or tooth paste even the economic is very bad.
The best portfolio may no give you much money at the recession time; however, the investment also gives return too.  We should be clever to construct a good portfolio.
We invest money to cumulate money that we need it at the future. We can use the money when the kid goes to university.
3. Own house
The house price has been decreasing since the subprime mortgage. The decline price is almost half of previous price. You can settle the mortgage immediately if you have money. By owning house, you do not have to pay the mortgage or pay the house rent. You do not have to move from an apartment to another apartment.
Owning some house can increase your wealth too. Some people buy the cheap house for business. They repair the house and paint the house. They sell the house to any people who hunt a house. You can also rent your apartment to student or worker.
4. Own crop and farm
People need food and beverages. If you have so much crop that produce abundat wheat and oat, you can make money. People need wheat and oat for bread and bubur. In the recession, they may reduce the cereal but they cannot avoid to use it.
Financial plan also suggest you to buy the productive property. You can buy it cash or you save first to buy the land. The price for land increase yea o year. You will no sorry if you buy the land. Surely, you have to research the land first and make sure the certificate of the land.
5. The credit
I do not like to owe money. In recession, the interest rate lows. The government want the businessman borrow money to operate the company. With the interest rate near zero, you can slash the company spending or cost. However, most businessman has no money so they cannot borrow the money thought the debt at zero.
Personal finance plan teach us not to borrow money. We can calculate the profit and the loss of credit. We should pay more cash by using credit. We are better save the money to buy something than credit to buy something. I must be cheaper but I need good commitment. If you use the money you will not be able to buy the item.
6. Retirement fund
If we contribute the retirement fund dozen years ago, we can get benefit now. The retirement fund help when we loss the jobs. You can use it to found a new business or build a crop farm. A personal finance also suggests us to allocate money for retirement fund because we cannot work forever. The company will retire the old man because they are no productive again. By using old man, the productivity of the company goes slowly.
The financial plan counts some money hat you will receive after you do no work again. Of course, it also consider your lifestyle. For employee they may save 10% of salary for retirement fund. On he other hand, a man without a fix jobs such as freelances should put more than 10%. They may put 15% for the retirement.
When they retire, they receive payment from the retirement fund. The amount might be similar to monthly payment. They can live without work. They can buy food, cloth, and other item and they can stay in their house comfort.
7. If you saves 10% of your paycheck as you have planned in your financial plan, you can use the money now. Saving is important thing. You can use when you use money immediately. Sometimes we face with unexpected expenses. Perhaps our car his garage and we should repair our car. We can use the saving first.
A recession time, we should expense more money because the price of things increases. We can use your saving to cover our spending. Off course you should consider to reduce your spending or increase your income.
Financial plan help you to live below our mean. We should have commitment to obey the financial plan. Spend wisely and increase your spending to reach wealth.
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How freelance make more money

The freelancer is a dream job for some people. The freelancer does not need to go to the office everyday. They can work whenever they want and wherever they want. A Freelancer is not similar to 9 to 5 slave who work from 9 am to 5pm. They do not have to punch absent card in absent machine or the company cut the salary.
Some people prefer becoming freelancer than the worker. They are free to express themselves. They can choose the boss who want pay them more. They do not have to do the jobs which If they do not like a boss they can serve other boss. Because of this, they are called as freelances.
Though, the freelancers do not receive monthly payment but they can get more money than an employee as log they can manage money well. They can save the money to investment or saving. A freelancer should save more money.
Being  a freelancer, you can make more money. On the other hand, the freelancer spending is not much as the employee. Here are the reason my freelancer make more money:

1. Despite the freelancer do not receive monthly salary, they can generate more money.
If they can get some project, they can make so much money. A Freelancer should be clever to seek out the jobs opportunities.  They can find at craigslist or internet that seek their service. They can also ask the friend or relative the service. 
The payment of the freelancer will increase when they have so much experience. For example: the experienced writer can get $40 each article easily, while, the amateur is difficult to get $5. Because of his, a freelancer should sharp heir skill and ability. They need to read more books and consult to the expert. They will get new knowledge
2. The freelancer does not need to pay high tax
In my country, most the online business has no pay the tax due the goverment has not yet to determine the tax laws. Some blogger who get thousand dollars have not yet paid the tax to the government. The government is going to create the freelancer income tax; however, the freelancers refuse it.  They said ha the government has not yet support the freelance jobs.
In my country or other underdeveloped country, the government has not create the freelance’s income law.

3. The freelancer has more time than the employee
An employee must work from 9 to 5. Sometimes the boss offers worktime to the employee. After arriving house, they must be tired. In my country, a worker could arrive home at 10 o’clock because the distance from the house to the office is so far or about 100 km. It takes three hours to arrive at the office. 
 As a freelancer, you have much time and you can use it to start the business. Do not waste your time for useless things. As a freelancer, you should be creative to make money. You can find another client who wants to hire your service. You can promote yourself on social media by posting your project. Tell them that you are able to do some project.  Some people who read your promotion may contact you soon or later.
You can also build a business too. While you have no project, you can care your business. The business may increase your income too.
Some mom can take care the kid and they do not have to go outside. They can stop the project for a moment when the baby cry and they can continue the work after the baby calm. The mom can generate more money and the baby grow health. Because of this, some mom prefer to work as a freelancer.
5. The Freelancer can stream more than one cash flow
An employee just receives one source income from the boss. Sometimes the boss gives also bonus and honor. Unlike the employee, a freelancer has no monthly salary but they get some money from the client. They can get money from various source, depending to what kind freelancers. A good freelancers can write a popular book, useful software, technology and else. The freelancer may stream the royalty from it. They can write a book or build a blog when they are free.
When they have no jobs, the freelancer can do some business. They can get money from the business. They can also offers maintenance service o he client. Sometimes a client meets the trouble with software or they want additional service from the freelancers. 
The freelancer should save more than employee can save. It is because they do not have pension fund. They can also stream income from investment such as stock dividend, mutual fund net asset value, capital gain and others.
6. The freelancer spending is lower
The freelancer do not need to go to office everyday.They do not need to buy gasoline for the car or they do not need to go to office everyday. They can slash $ 10 per day. They do not also pay the bus fare or bullet train ticket.  They can work at the house when they got jobs. They can meet the client when the work has done.
An employee need the nice shirt or uniform too; while, a freelancer does no have too. A freelancer can wear casual shirt that is cheaper than informal shirt.  An employee needs a good suite to attend the meeting or meet the client. They want looks professional by other people. A good suite price at least thousand dollars.
7. The freelancer lifestyle is llittle
The freelancer is very different with the employee. They do not have to play golf periodically or Visiting a gym like employee. Those activities need at least thousand dollars in a month. The freelancer does not need to register to any club.
The freelancer also does not need to eating out to talk with the client. He or she can talk with the client on chat, twitter, and e-mail. Sometimes an employee goes to the restaurant or café to celebrate the promotion.

Should I buy or rent the Item?

I saw a parent parent pull out the baby cart in the park. It must be expensive because it has nice design. Surely, the parent just use it for two or three years. They will store it to the warehouse when the child can walk. It is not good to spoiler the kid with baby carriage.
Saving it the warehouse will make your warehouse full. Some parent may sell it or give to the familiy or foundation. If the parent have so much money, they can buy any baby cart.If, on the other hand, the parent has little money, they should consider buy the baby cart. There some factor that you should consider before buying something. You can rent something when the cost is cheaper. The parent can hire the baby cart when is cheaper.
Some company also rent car or office to reduce the cost. They do I o increase the profit. Surely, they make calculation before decide whether to buy or rent. By buying, the item, the company owns the asset but they should need much money. By hiring, they can minimize he cost but they do not own the items. However, in long term the company should pay the high rent fee. They Here are the costs that you should consider:

1. How long you use the assets?
As I have told in first paragraph, buying a thing that you just use for one or two year is wasting your money. You are better to hire the things from the store rather than buying it because you will throw it. 
Using the baby cart is only for two or three years. After your chicle big, you should trash it. Unless you have other baby, you can use it. In my country, some parents hire the expensive toys for the kid. It is cheaper than buying. A kid will be bore to play the toys and the parent can return back the toys.
 We use the house where we stay forever. That is why we should buy it. Renting the house forever is very expensive. You must spend money for renting.

2. How much the resale price?
Can we sell the items at high price? Unfortunately, the price of most assets will decline except the antique things and property.  The buyer will not buy the old items at the similar price to new items. For example: The used book price is half of the new one. The gadget price also decline after the new model release.
However, some old items price is not much different with the new one such as car. The price is only slightly different to the new one as long the condition of the car is good.
3. How frequently you use it?
If you often use the items, you need to buy it. For example, you use the gadget everyday so you are better to buy it rather than hire it. By hiring the items that we often use, we have to provide more money or we should pay more.
Sometimes we hire the tool box to he neighbor in order to fix something. If you use he tool box often, you are better to buy the box. It is not polite to ask he toolbox o your neighbor frequently because they also need the box.
On the other hand, If you rarely to use it. For example, you read the comics or magazine only once. You are better not o buy the items. You can hire the comics or you can read the comics at the library. In Japanese, the people often throw the new comics after read it. They do not collect it due the house and apartment is so narrow so they have no space or warehouse to keep the comics.
4. Is the items important for you?
Some people often buy items that they do not need it. The discount temp them to make the items or they buy the item because the friend or neighbor buy it. Supposedly, every people buy any item that they need.
As yourself about it? When we need something, we should buy it. For example, The writer will be difficult to write if they have no book. They need some book as the reference so they can write.  A student also need book too. Without a book, they cannot learn the subject.
You are better to buy the book rather than rent it.You can buy the used if you have no money. With the book, you do not need to worry the librarian asks you to return the book.
Some people cannot distinguish between need and want. They buy anything that they want but they do not know what the item is.
5. The cost of the item
Is the item too expensive that you can buy it? I you have much money; you may buy any item that you like. You can consider the cost of item too. If we buy car we also spend money for the car too such as gasoline and repair. We have to repair the car machine after 40,000 kilometers. We should also change the engine oil too. All cars have wheel that you should change periodically.
We should provide a space that is called garage for the car. We may not spend money for the garage but he opportunity cost of a garage is also high. We can rent a garage for $500 a month to other people. Some people use their garage as their business headquarters.
When we park he car in parking are, we should also pay the fee. Some place charge high parking fee. You are better to hire a car if you have no money.
Closing
You have to consider before buy or rent something. Consider the profit or the loss. Consider of all aspect not one or two aspect only. Sometimes we can ignore one factor. For example, though he resale price of gadget is very low, we should buy it. I have never hear any company or people who lend the gadget.

Five ideas to boost income

Most people often grumble with their salary due it very small for them. They find another income source but they are failed to get the income. Some people may decide to find another job however the salary is not higher as they think.
People seek out any opportunities to boost the income, balancing the increases spending. The inflation has increased the good and service price; whereas, the income has no yet increased. We must find the other income soon or we will be difficult to fulfill the spending.
Some people want to boost income to reach the financial goals. They think they will no be able to reach he goal if they cannot boost he income. If you are really want to boost your income, here are some ideas to boost income:
1. Teaching what you know
Perhaps we have some knowledge such math or Algebra. Those two subjects are horrible subjects for some student. Some students do not like it because it is difficult and not all parents can teach the kid. Off course, you should like teaching. However this is an opportunity to boost your income. Teach the elementary school and get money from it. You will be paid $50-$60 per hours.By teaching, you will increase your money and your knowledge. There is some website that finds some tutor or teacher. You can teach the lesson from internet and you do not have to go anywhere. I saw some Indian tutor teach math and algebra online.
Offers a writer workshop, organize the farm workshop, write a guidance book, a hunter guide, and else. If you a student, you can offer data analyst to the student who near graduate. They must need guidance to analyst the researcher. In my country, the student dare to pay $ 200 - $500 for the data analysist. You can also work as the questionnaire interviewer. Some professor needs primary data for the research. My friend also helps the doctor to finish the dissertation. She collected the data from the field. She finished the bachelor degree so the doctor was.
2. Find a roommate
This is easiest option to make money. You can make $500 to $ 1500 a month. To find a roomate, you can use the newspaper, Craigslist, and other. You can also ask your classmate who need a room. When you post the ads, some people may call you and ask about roommate. Perhaps they need a room that is cheaper. They may negotiate the price of the room. If they feel good, they will pay the room.
Make sure your roommate is a kind person. You can check the criminal background the roomate candidate. Interviews the room candidate before you decide to accept them.  Your roommate candidate will not object if you ask some question. You can appraise from the answer and the way he or she answers your question.
If you get good roommate, you will get benefit too. Some roommate may become your best friend. They will help you when you need something. You can also talk to your roommate when you feel lonely. It is better than you are alone.
Some people cannot live with other person so they are better not to find roommate. Perhaps the roommate makes them mad.
3. Stream passive income
Do you want receive income when you sit or sleep? The income is passive income that you do not need to work hard to get it. Receive the dividend from company stock or a business, get royalty from the book, receive tenant fee from the renter - there are a lot opportunities to stream passive income.
If you have much money, you can invest your money to profitable investment. You will receive the dividend once a year. Research any investment first before you invest your money. There are some financial consultants who can help you. The experienced consultant will help you to boost your income.
The hard job of streaming passive income is the up front work. You should spend more money or time for it. The investor who want stream income from dividend needs much money. The book writer who want the book published must spend time to write word by word. They must do also some research for the book. Creating passive income is not easy but you should try it.
If you have property, you can lend your property. Some homeless people try seeking house for rent because buying house is more expensive. You also lend your car o your fiend or neighbor. In my country, rent car is a good business because not all people can buy the car. They like hire the car for holiday at the weekend.
4.Drive for money
This is not little jobs. A full time driver can make $50,000. A employee or student can take the saturday or sunday delivery which average salary $300 per week. If you can ride bicycle, you can also work as a courier. We can send some food or mail to the office. You can make $800 per week. It
To apply the jobs, you need to appeal the commercial driver license. It is not easy to get the driver license. Sometimes we should examine over many times to get it. The police just give the license o whoever deserves to get driver license.
5. Buy Franchise

Are you confused in starting business? Why do not buy franchise. The franchise owner will guide you to start the business and make profit. Hey also help you to promote the business to other people. Most franchise has been recognized by people so you do not have to promote your business.
However, it is not cheap to buy the franchise. For example: a restaurant franchise require cash ranges $ 92,050 to $ 222,800. You need to save your money or salary first to buy the franchise.
The franchise is easier than starting a new business. In my country there is a franchise business. The fail ratio is only 9% and more than 80% success in the business. The franchise business is about selling Turkish Kebab.  The franchise has grow over many times and it also build some branch in Malaysia and Philippine.

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Photo by : Alesist

The Truth about Debt Consolidation

Due the economic tight, they need money for consume or other things. Some people borrow money to unsecured loan such credit card because the approval process is easy and they will get money soon. They   do not have to guarantee your asset to unsecured loan; however, most unsecured loan charge high interest. They use credit card to buy anything and finally the bill bubble. They are difficult to settle the debt because they have no money. A telephone call often disturb them o pay the debt payment soon and it make you mad.
Some people choose debt consolidation in order to settle the debt. They think the debt consolidation will help to settle the debt. They will pay the debt with low payment each month so they can pay off the debt and they still have money to fulfill monthly expenses.
However, some finance experts doubt in debt consolidation. Only few people are success to settle the debt with consolidation. Debt consolidation does not work for most people though the debt consolidation sounds great. We can negotiate the interest that increases your debt.
I agree with Dave Ramsey’s argument that the debt consolidation makes money off of you. Who are people want to loss in their business? I do not think there are no people who want loss in its business. So the creditor does not want to loss too. They will find a way to return back their money with the interest.  It is better than the debtor will not pay their debt.
For example you have debt $30,000 that consist a two year loan $10,000 at 12% and a four-year loan at 9%. The monthly payment for $10,000 loan is $517 and $583for $20,000. You need to provide a least $1000 a month for your debt only. It must be hard to provide thousand dollars a year.
With debt consolidation scheme, you do not have to provide $1000. Perhaps you just pay $640 per month on 9% interest by negotiating to creditor and rolling into one. However it does not mean decrease your debt but you should pay more. The lower payment means you longer the loan. You will pay $46,080 to pay off the loan. Just pay “only” $ 40,392 if you pay $1000 monthly. The difference is $5,688 that you should pay if you decide to use debt consolidation.
Do you want to pay more? Some people think they can settle the debt if the creditor ease them. To me I will settle the debt soon. I contact the creditor to pay off the debt soon. I will sell my asset such as stock mutual fund or precious metal and tight budget to reduce the monthly asset. I will not go eating out unless I pay off the debt. I prefer to pay the debt than eating out. 
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