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Effective Ways to Cut Money Spending

Are you struggling on spending too much money already? Well, if you are one of those, this article is for you. Here are some effective ways to cut money spending:

1. Delay gratification – If you want to cut off too much spending and save instead, you must learn to delay gratification or delay pleasure. Too much pleasure requires too much money spending. Examples of gratifications are spending of unnecessary things, going out with friends during a not so important party, or you try pampering yourself with an expensive whole body spa. These are the most pleasurable things that you can delay just to save more money. If you want to cut money spending, learn to avoid these things. You control yourself and do let those evil delights drive you to do these things.

2. Learn to pack meals – You can always save by learning to pack your own meals. It does not have to be necessarily every day, but you can do this alternately. You can probably do this at least a few times a week, depending on your budget. Aside from the benefit of not spending too much for breakfast, lunch and dinner, you can also get the benefit of eating healthier food. In this way, you are far way surer that you are eating a clean food because you are the one who prepared it.

3. Drop your unnecessary electrical appliances – If you want to cut off too much money spending, it is very important that you consider your electrical appliances at home. Your electrical billings are taking most of your money. It is important that you unplug electronics, phone chargers and other electrical appliances sources. Turn the power off when appliances are not in use. Make sure that you turn off the …

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Five Common Reasons Why Businesses Struggle

If your business is going through a difficult time, then you may be considering your options. To help assess your own situation, here are five common reasons why companies struggle…

1. STARTING A BUSINESS FOR THE WRONG REASONS Many people launch a business to try and earn more money or to give themselves a greater work/life balance, which means they often find it difficult when things pan out the way they do. Better reasons for starting a business include a genuine passion for the sector, because you thrive on independence and you have the determination and patience to succeed.

2. BAD MANAGEMENT Research has shown that the biggest reason why companies fail is down to how they are run. Experience is essential, but so it expertise. Both can be difficult attributes to obtain, but together they can give a business the best chances for success. Someone who is a strong leader and can remain fully-focused on the business, never missing opportunities and always looking to the company’s future will be well-placed to achieve success.

3. NOT ENOUGH CASH FLOW No matter what the size of your company, cash flow remains one of the biggest reasons why companies struggle and fail. While planning will help, if you find yourself without a good cash flow, then you may be forced to take action. Factoring and Invoice Discounting could be the right solution to help you avoid liquidity problems.

4. IN THE WRONG LOCATION Many companies get this wrong and never really understand why their company struggled. You need to find a location that’s convenient for your client base, well-suited to your industry (ie, if clients like to drive to meetings, you’re going to need free parking and meeting rooms), and not next door to a business that will overpower you …

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4 Core Tenets to Selling Your Gold For Profit

Most people have gold items they’ve long forgotten. For example, you might own a clasp that you once wore proudly, but has since fallen into disrepair. Or, you may own a watch that no longer keeps time properly. Fixing it might be cost-prohibitive, so it sits collecting dust in a dark recess of a dresser drawer. Jewelry, coins, and even fillings can be sold for cash, regardless of their condition.

Many people fail to realize they can easily sell their gold items for profit. Given the recent climb in prices, now may be an ideal time to do so. The key is knowing the best approach to take. In this article, we’ll provide a mini blueprint you can use to sell your gold items while the market remains strong.

Tip 1 – Avoid

“Traditional” Buyers When people think of selling their gold belongings, the first buyers that come to mind are typically pawn shops and jewelers. If you must sell quickly and need the money immediately (i.e. at that moment), these buyers might represent an appropriate solution. The problem is, they are unlikely to offer you a competitive price. They need to leave themselves plenty of room to make a profit. The only way they can do so is to make a low offer.

If you’re desperate for cash or only have one or two small items to sell, taking them to a pawn shop or jeweler is fine. Otherwise, consider selling your pieces online. Some buyers are willing to send a check within one business day.

Tip 2 – Go Direct

Selling your pieces online requires a bit of clarification. You’ll find two types of buyers: brokers and refineries. The difference between them is critical. When you work with a broker, you’re selling your items to a …

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Financial Plan Strategies

Personal finance advice may put you to sleep. It’s difficult to just read a recipe for success and then implement it the next day. Give up-itis might be your current attitude.

You may be wondering what give up-itis is. To explain that, let me share with you a story from Donald O. Clifton’s book, “How Full Is Your Bucket?”

U.S. Army chief psychiatrist, Major (Dr.) William E. Mayer, did a study of the lives of soldiers who were held as prisoners in the Korean War. He studied 1,000 cases of soldiers who suffered extreme psychological depravement as POWs. These people didn’t suffer physically as in being tortured, but they were systematically deprived of the normal benefits one can receive from friendship and support. They caught a deadly disease: extreme hopelessness.

The methods used to cause this hopelessness were conniving and deceitful. The death rate in the POW camps there rose to 38%, the largest in military history. Half of those soldiers died because they had given up.

To break down the spirits of the soldiers, they were offered small rewards for ratting out their fellow inmates. There were no consequences to the soldiers because of the snitching, however distrust and hatred ran rampant throughout the camp. The North Koreans in charge held mandatory group meetings where the prisoners were forced to tell of all of the bad things they had done and any instances of good that could have been done, but failed to be done. Without emotional support, the prisoners soon began to give up. Some would go into their huts, sit in a corner, pull a blanket over their heads and were dead within two days.

You may have suffered from a recent financial loss of some kind, perhaps a loss of a spouse, a job …

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Open Market Option Is Absolutely Essential To Get The Best Annuity Rates

As you approach retirement you need to consider your retirement income options and think about your annuity purchase. The first thing to remember about annuity purchase is that you do not have to buy your annuity from the pension company that you saved with. There is an option that was introduced to ensure you get good value from your savings and this is called the open market option.

Retirement is not just about securing your income for this year or even just next year it is about ensuring that you have enough income for the rest of your life. Annuities are often called lifetime annuities simply because they last for your lifetime. As well as considering yourself of course you need to consider those that depend on you for income, such as your spouse or partner. If you were to die early and unexpectedly would they be able to cope financially?

Lifetime annuities can be purchased with many different options and each has a place in retirement planning, however, each also does cost an amount of starting income. As they say there is no such thing as a free lunch, the same is true with annuity purchase. Each option you choose to protect yourself and those that depend on you will lower the amount of income that your pension starts at. Now of course this is why the open market option is essential when you come to purchase your annuity.

The open market option allows you to take your pension fund and the shape of the annuity you wish to purchase to the open market to find an annuity provider that will give you the most income for the accumulated pension fund you have. This is very powerful option and should not be disregarded lightly. The difference between …

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