All of us in one way or another desire financial security and many of us dream of attaining financial freedom. Robert Kiyosaki’s Rich Dad, Poor Dad’s Cash-flow Quadrant book and board game teach the principals of income, assets and cash flow. Understanding the different methods by which income or money is generated and how it is utilized is essentially what Cash-flow Quadrant is about.
By MoneyMax.ph Today, the minimum wage in NCR is at PHP 466 per day which is rough around PHP 10,000-12,000 monthly depending on the number of working days per month. People earning this range are mostly entry-level staff and those who provide general services in companies and government offices. While some with better education for an entry-level earn more or some people who took time and performed well for a raise. Or for some business starters and freelancers who earn around PHP15,000. Here’s how to make your meager income enough to survive the everyday expenses: By imoney | iMoney Philippines Credit card debt is scary, especially when you don’t have a plan of attack. When you look at all those numbers, it might seem very overwhelming, especially if you have multiple cards. How do you begin to pull yourself out of the hole of credit card debt? There are a few tried-and-tested methods to help you pay off credit card debt. Essentially, these techniques boil down to: pay the minimum on all your cards, and funnel all your extra money at the card you want to pay down the fastest. They just differ on what card that should be. Which one will work for you? The “snowball” method By Catherine Clifford of Entrepreneur Staff Yes, Mark Zuckerberg started Facebook at 19. But Charles Flint launched IBM at 61. While Hollywood may love the story of the college kid who starts a billion-dollar business out of his dorm room, that’s only one story. For many, life as an entrepreneur begins much later. Do we want to work hard and smart for someone else, fulfilling someone else’s dream? Building someone else’s castle? Or do we want to live life on our terms, doing work that we are passionate about, helping the people who need our help, not the ones we're obligated to help? We believe that it’s time to break out of the mold of being in careers we hate and follow our passion to do something we love! No progress can be made doing the same thing over and over again and expecting a different result, that is the definition of insanity. So we started looking for another way to generate more income. We knew we wanted to spend more time with our children and being able to stay at home while earning money became very attractive for us. This is what we learned from the people who became our mentors; we learned from them that the secret to being successful in anything is to: Q: Some of my friends I'm trying to recruit into network marketing deals that seem like some type of money game or pyramid. Other friends tell me they're illegal and I'll get into trouble. How do I know what's legal and legitimate? A: To help you understand what network marketing is, I must first explain what it isn't. First, network marketing isn't a pyramid scheme. Pyramids are programs similar to chain letters where people just invest money based on the promise that other people will put in money that will filtrate back to them and somehow, they'll get rich. A pyramid is strictly a money game and has no basis in real commerce. Normally, there's no product involved at all, just money changing hands. Modern-day pyramids may have a product, but it's clearly there just to disguise the money game. Passive income is income earned without any sort of mental or physical stress.It's related with unearned income.Examples of passive income re-pensions, rents and interest from banks.Sequel, passive income is a concept in Accounting and Taxation When we use the word income. We are referring to any form of cash flow. The most common type of income is having and working a job. This job will pay you one of two different ways: A. Salary B. Money by the hour. C. Residual Income Entrepreneurs will often have amazing business ideas, but they put them on hold due to a lack of capital. They assume that their idea will never get far off the ground unless they have major funding behind them.
It seems that every day there is a new startup receiving millions of dollars from venture capital firms, but what you don’t hear about is the several startup failures that burn through millions of dollars only to fizzle out and shut their doors forever. If your idea and plan of execution aren’t well thought out from the beginning, no amount of money can turn it into a winner. Have a great idea but very little money? Don’t let that stop you! Yes, there will be ridiculously long days with little to no sleep. Yes, you are going to be stressed. But those that want it bad enough will make it. |
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