HOW TO MANAGE YOUR

MONEYJoha

http://joysdownload.com

Managing Money involves three

areas:

Managing the income streams

Managing the outflows/ the expenses

Investments of the savings.

Managing you Income

Set Your Revenue Target

You must set short-term goals and

long-term goals. Without the goals,

you will not have the direction.

Review the goals to meet the reality.

Check why?, if you cannot achieve the

goals.

Creating Vision of Income

Visualize wealth and abundance every

day. What we are actually suggesting

is that you practice some sort of airy-

fairy mysticism that will make you to

attract the money.

The power of the mind to virtualize the

money income stream

Making Money by doing what

you love Do what you love and the money will

follow. At any rate, it's true. One of the

primary reasons that many people live

paycheck to paycheck and are broke

despite working very hard at their jobs

is the fact that they hate what they do.

Make extra money, where

possible Sell your unused personal junk. That's

right; it's high past time for a major

garage sale, it will clear your

apartments and your mind.

If do not use the things for more then

a year, the chance is, you will not use

them in the near future.

Managing expenses

Keep a daily log of everything you

spend. Go to the dime store and buy a

little notebook.

Carry it with you wherever you go.

Write down every penny - every single

penny.

Most people will not know where his

money had gone to.

Managing Expenses

Never exceed your budget.

Do not spend more than you csn

effort.

Stop deficit spending! We all know

how much trouble Uncle Sam has

been creating... Spending more

money than our country takes in. It's

called deficit spending.

Building Saving Habit

Save your money, as money can be

used to make money

A penny saved is a penny earned. Yes

it's still true, and still one of the most

powerful money-making tips in all

history.

Manage Your Time

Make yourself the list of top 10 things

you need to do on each day.

Organise them into the most important

and the urgency.

Start with the important and urgent.

Invest to Generate Income

Choose the investment portfolio that

suited you.

Consider the risks, the return and

convertibility to cash.

The saving account gives about 2.3

percent interest rates most banks give

you are not even enough to keep pace

with inflation.

The Resource

Tips to manage money

Blog : http://joysdownload.com

The author had work with an international airline

for more than 35 years, the last 10 years

in Training and development.