Posts Tagged ‘money management’

Hi Everyone!

My series on “How To Make Money Run After You” will be my most lengthy series that will be published in Manila Bulletin by far, as such I believe that it deserves it’s own website. The new website is a hundred times more awesome than my already awesome business advice blog! so that I can organize and really teach all of you how to not just make money run after you but to be able to create “True Wealth”.

Go here now to check it out: http://wealthflowproject.com

For the past 3 weeks, I have been very busy creating a brand new site which contains not just my money management articles but ALL my business and investing articles including my super genius wife’s articles on career management. Once you get to the new site, you will immediately see how much effort I really put into it as all my articles are now much more organized and tasks and assignments as well.

What’s more is that I became really “obsessive-compulsive” about making sure that all my lessons are received by all and that the tasks and activities are clear and step by step. I call this the “Wealth Plan” and it is FREE for all of those who sign up on the new site. (On the right side you will see a big red arrow, can’t miss it really) Just place your name, email and phone number, then click register. Super easy!

Go here now to do that: http://wealthflowproject.com/instructions

Oh, by the way, you will also have a blast looking at all the “cartoons” I personally drew for the site! Yes, I also draw and doodle, one of my other hidden talents. Also, just to let you know, I drew all of the artwork on my iPAD and directly uploaded it into the site. Super awesome! I love technology don’t you?

So, for those of you who what to stop running after money and make “Wealth” flow instead to you,

go now to http://wealthflowproject.com  or just Click HERE Now

All the best!

Mark So, your handsome business mentor!

Money Leeches in the Family?

If you have not yet read Part 2 of this article, please click here to read it now

In the last article, I talked about being aware and effectively stopping your Money Leeches!  Should a Money Leech appear who is NOT Immediate family, I recommend that you only offer P50 and not a Centavo more. Although it may seem very harsh, this is the first real step in getting your money to stay with you. Also remember, if you think you can’t do it, think about the welfare of your immediate family. Money leeches are not your burden, they are not your problem. Instead, think of them as “Money Management Tests”. If you are able to stop your leeches, you pass the test and you immediately get to the next level. Fail the test, then you will stay stuck where you are.

But what if the “Money Leech” is from immediate family? Like a brother or a sister or a parent, what then?

First, let me define what an “immediate family money Leech” is. — This is the brother or sister or parent that will habitually ask you for money. Most of the time, they even feel entitled to it because of the blood relationship they have with you. You know the type right?

Well, this is where it gets very sensitive for a lot of people. Everybody has a different opinion on this, but this is my clear cut view on it. Not all members of your immediate family have the same weight. You must prioritize who within your immediate family to be generous to first.

In my life, this is my prioritization: My first priority is to my wife and children, then my parents and then my siblings. And with that in mind, I give 90% of my money to my wife and children first, then the next 5% goes to me and the remaining 5% goes to a special fund just in case an immediate family needs it.

Side note: If you give 90% of your money to your wife / husband and children, make sure that it is not siphoned off by a relative of your wife/husband because they too may have a money leech or leeches. This is a concern of many married people as well. –Sit down and talk to your wife / husband about this if this is indeed the case with you. Your objective is to teach your spouse about money leeches and have a unified front against them.

Now, should there be a money leech in my immediate family the maximum amount of cash I or my wife gives is only the 5% of whatever we have at the time. Now depending on how much money you have right now, that can be very little or that can be very big, the point is, even if it is immediate family (outside of my wife and children) our cash generosity is budgeted, controlled and managed.

Another side note: If you are single, I do not suggest offering 90% to your immediate family unless you plan to never marry, still budget it to 5 to 10% because of 2 reasons: 1.) If you give more than that, you might not have a money leech now, but if they get used to it, you would have created a money leech down the road; And 2.) You need money for when you get married someday. If there was a major regret I had in my life, it was that, I didn’t plan financially when the time to marry the love of my life came along. Even though it worked out in the end, I could have planned so much better.

Make no mistake; my life’s wealth is meant for my immediate family. Everything I make and have is meant to be shared with them, and to give them a better life BUT if I have a Money Leech problem and do not budget, and control it. The Money Leech will most definitely bleed me dry financially as well, especially if it is family –and let me add, if you are married, a money leech in the immediate family, if not managed will DESTROY your marriage. Trust me; I’ve seen it happen to those very dear to me. This is why I urge you to understand what I am sharing. If nothing else, I want all of you to have a great and happy marriage.

Be Generous in the Right Way

Now some of you who have read up to this point might be having a violent reaction right now saying “I can’t just abandon my brother, sister, parents and just give them 5% if they desperately need the money??? If I do, I am not being a good son/daughter/ brother/sister, I am a Filipino, they are my blood, I must give!”

Okay, calm down before you decide that I am a heartless scrooge.

Remember that we are just talking about Money Leeches in the immediate family who “habitually” ask for money and even feel entitled to it. If they are not “leeching” you dry and they desperately need help and you can afford to do so then give what you can. But I suggest that you only do so once because if you give more than that, you are creating a money leech down the road.

I am a very generous person by nature. The problem that I had before was that I was generous in the wrong way.  Being overly generous with money, especially if you do not know how to manage it, is extremely dangerous and is a clear recipe for money running away from you instead of towards you.

So instead, what I learned to do, and what I want you to learn to do as well is to be extremely generous in the right way, and that is to be generous in “kind”. To explain this further, I will give you 2 assignments today.

Assignment 1: Read my past article entitled “Business Reciprocity”. Click Here To Read That Article. Then Comment on either that article or this one. Complain to me about the problems you have in completing the assignments. Believe me, I will read every single one — even yours and I promise that I will not ban you or even get mad at you when you do. It is all part of the process.

Assignment 2: Set a budget for your Family Leeches and stick to it. Create a script on how you will say it to them. You can email it to me if you want. Email to: markso@zerocapitalclub.com

Good luck and see you in the next article!

Author Box:

Mark So is a fervent businessman, Investor and educator.  He is the Chairman and CEO of Businessmaker Academy—a business, finance and corporate training center.  He is the founder and Chief Forex Trainer of Forex Club Asia, A Trading club of Forex Traders across Asia. He is also the Founder and Chief Trainer of the Philippine Franchise Institute which specializes in training and growing existing Franchise businesses.  A sought after speaker for business, investing, You may email your comments and questions to: mhso@businessmaker-academy.com or call the office at 6874445 / 6873416 / 6874645 for a schedule of his seminars

Getting Rid Of Money Leeches

 

If you have not yet read Part 1 of this article, please click here  READ PART 1 NOW

Okay, let’s continue where we left off and go a little deeper on being more financially prepared so that wealth starts flowing towards you instead of away from you.

Our lesson today is about being aware and effectively stopping your Money Leeches!

Money Leeches as I’d like to call them are the People, or “Cosmically uncanny” situations that just happen to show up at the very exact moment you come into some money. Sound familiar? Think back…Do you remember the time that you got that P5,000 bonus from your job, or a sideline or unexpected business from a client?

Who called you or showed up at your doorstep needing urgent help or “who just happened to drop by” that very same week needing exactly P5,000?

Did your car, refrigerator, cell phone, or something else break down needing some urgent repairs totaling more or less P5,000?

Did you just happen to go to the mall that weekend, which incidentally was having a 50% off Sale on all items and bought something that you would never ever use for more or less P5,000?

I’m pretty sure you are smiling right now because you know exactly what I’m talking about don’t you? Yup, whoever he or she is, whatever “situation” arose the last time you came into money, you have just identified your money leeches.

I know because I used to have lots of them. And I thought that that was the story of my life. And because I thought that way, the next time I got into some money, the Money leeches would come! It became a reality for me, so much so that all the money I made almost always went to some “Urgent” or “Useless” expense.

The problem is that most of these money leeches are usually family members or close friends. Or when situations arise, like your appliance breaking down or a cellphone being stolen or any similar incident is that you feel that it was by divine providence and that it was beyond your control and you just have to give in.

Let me say right now, they can be stopped and it can be controlled. But it will take a major attitude and cultural change in you. It will require a lot of effort and a very “thick” face but if you apply what I will share, you will immediately achieve a Major breakthrough in our “wealth transfer project.”

First, stop thinking that having money leeches is normal. It is not. You have to change your attitude right now, here’s your first assignment that will help you do just that.

1.)    On a blank piece of paper I want you to hand write the following: >>Make sure that it is “Hand written” not type written:

“Having Money Leeches will kill me financially, I am now aware, I will defend myself and get rid of them now! ___________. (print your first name on the blank space then sign your name on top of it)

2.)    Scan that piece of paper or take a digital picture of it.

3.)    Email it to me as soon as you can. Please note that if you email it to me, you are allowing me to post it on my blog should I choose to do so.

4.)    Prominently place that piece of paper in your wallet so that you can see it every time you open it.

The exercise above is meant to “kick start” your brain to acting and thinking about defending yourself against these money leeches. And yes, it is true, If you do not fix it right now, you will die financially.

Next, identify the people who are NOT immediate family members who constantly ask for money from you. Note, these are the people who are NOT your wife, your children, your brother, your sister oryour 2 parents.

Here’s what you tell the people who are NOT immediate family the next time they ask for money:

Situation: My _______ just got hospitalized, Can I borrow P5,000? (Or whatever amount)

Response: “I’m so sorry to hear that, I hope _______ is alright. I wish I could give you P5,000 but I can only afford to give P50 right now hope you understand.

Regardless of the situation or any amount that a Non-immediate family wants to “borrow” from you, only offer P50! There will be 3 possible reactions: reaction 1: insulted, and will never want to ask money from you again. Reaction 2: they are grateful and they take it. Reaction 3: They negotiate. Regardless of their reaction only be willing to give P50 and not a centavo more.

It might seem heartless to you but it has to be done if you really want to get rid of the money leeches. Remember, this is to be used ONLY for non-immediate family. They are not your burden, they are not your problem. The priority you should always be your Immediate family. What if, God forbid, something should happen to any one of your children? Your wife?  Your Husband? Your sister? Your brother? Your Parents? And you don’t have money because you gave your money to someone else. Now that would be a real tragedy. If you can’t do this for yourself, then do this for your immediate family, reserve your generosity for them. But be smart about how you go about it. In the next article, I will talk about how to financially protect your immediate family and yourself from Money Leeches within your immediate family.

Lastly here is your 2nd assignment, give me feedback. Post a comment about this article or part 1: What I am interested in is not praises (although that would be nice too), instead, complain to me about the problems you have in completing the assignments. Yes, you read it right, post a comment below on why you don’t think this or any of the assignments I have given you will ever work for you. Believe me, I will read every single one — even yours and I promise that I will not ban you or even get mad at you when you do. It is all part of the process.

Good luck and see you in the next article!

Author Box:

Mark So is a fervent businessman, Investor and educator.  He is the Chairman and CEO of Businessmaker Academy—a business, finance and corporate training center.  He is the founder and Chief Forex Trainer of Forex Club Asia, A Trading club of Forex Traders across Asia. He is also the Founder and Chief Trainer of the Philippine Franchise Institute which specializes in training and growing existing Franchise businesses.  A sought after speaker for business, investing, You may email your comments and questions to:   mhso@businessmaker-academy.com or call the office at 6874445 / 6873416 / 6874645 for a schedule of his seminars

Today, I want to share a very special topic — How to make money run after you. This is a topic that I have never shared with the public before now. It is I believe something that anyone and everyone can and should benefit from, especially those who have been looking but could not yet to find a job. For those working very hard but still not having enough to make ends meet. For those who are stressed out with not having enough money, and are becoming desperate, this article is for you.

Don’t think for one second that because the world is in financial crisis that there is no more money going around, the truth is far from it. The fact is, the world is literally overflowing with money.  It may not seem like it to you right now my dear reader but read on and let me enlighten you.

Always remember this: Money is never destroyed, only transferred.

Wealth, on a daily basis is constantly being transferred from those who do not know how to handle money to those who know how. Even, and most especially, during financial crisis, does what I just said hold its truest meaning. My goal in this article is to make you one of those people where wealth is transferred to and not taken from.

First let me take the most recent financial crisis, break it down for you and explain how wealth was transferred in relatively simple terms, then let me show you the steps to take today so that we begin the process of “wealth flow”.  This article will be the first of a series, and after each article I will give you an activity or task to do. If you seriously want money to run after you, I strongly recommend that you follow the assignments for every article and give me feedback every step of the way.

In the most recent financial crisis in the US that started June of 2007 and reached its peak in October of 2008, the US stock market and consequently the Philippine Stock market had lost more than 50% of its value. Most people panicked and took out their money, or whatever that was left of it for fear of losing even more. When they did that, they lost half of their wealth in just a few short days, which took almost a lifetime to build. As of September 29, 2008 according to CNN money, approximately $1.2 Trillion dollars was wiped out in the US alone.

Let me repeat: The money was not lost. It was merely transferred.

During the same crisis, there were a few, very few brave souls who bought those stocks at extremely low prices. They held on to it, and became a whole lot richer overnight.

**Warning: Do not get overwhelmed with what I’m going to share next; Even if my examples are in Billions of US dollars, the principles that I want you to pick up, will and can be applied to your situation. Also, and more importantly, do not put in everything you have in any investment vehicle because of this. This is not the point of my example**

In the US, the most notable figure to do this of course was Warren Buffet who at the time bought a significant chunk of shares of Goldman Sachs in September 2008. Despite the odds and the panic, Buffet bought those shares at basement bargain prices, He invested $5 billion, held on to it during the worst of the crisis (which was October 2008), and turned it into $8.7billion just recently. Another similar story, although he did not buy stocks but rather bet against them (a.k.a. short trading), John Paulson of Paulson and Co. made a killing betting against the US subprime mortgage market. He made $4 Billion after the worst of the crisis was over. Although Buffet and Paulson were the few covered by the media, there were more who made a killing as well, the public at large just didn’t know it.

Okay, you might be thinking well those guys are professional investors, how can I ever come close to doing that myself? Well, first let me explain that this is just one of many, many examples of “wealth flow transference”. You don’t have to be in stocks or investments to apply what I will be teaching you in the next few articles. And for those of you who know me and have been following my many articles, you know that I will teach you how to do it in a very practical and “anybody-can-do-it” way, so please, read on.

Also, I will not be saying that you cannot be a billionaire, I will leave that option wide open for anybody willing to try, but before we think about billions, or even millions, let’s first come back down to earth and start with the basics.

How and where do I begin?

I’m designing this and the succeeding articles to be very thorough and slow so that you not just understand it but experience it by applying it into your life, article by article. Of course you can go faster if you wish and I will inform you how to do that in the very, very near future.

In the meantime, this should be your first “realization” for this article– Running after money if you do not know how to manage it will result in forever chasing after money. Get your house in order first, build a strong foundation for money management first and you will see that the money will start running towards you and staying with you!

Now to learn and apply this lesson, here are your first assignment(s)

  1. Go to my blog http://www.markso.wordpress.com and subscribe to it (There is a space on the left side to input your email address)
  2. Search for, read, and comment on the following articles in the search box of my blog (Type it in the search box)
    1. “The Most Important Advice About Money I can Ever Give You” (You may have to scroll down the list to find it)
    2. “Money Management Simplified part s 1 to 3”  (You may have to scroll down the list to find it)

Good luck and see you in the next article!

 

Author Box:

Mark So is a fervent businessman, Investor and educator.  He is the Chairman and CEO of Businessmaker Academy—a business, finance and corporate training center.  He is the founder and Chief Forex Trainer of Forex Club Asia, A Trading club of Forex Traders across Asia. He is also the Founder and Chief Trainer of the Philippine Franchise Institute which specializes in training and growing existing Franchise businesses.  A sought after speaker for business, investing, You may email your comments and questions to:   mhso@businessmaker-academy.com or call the office at 6874445 / 6873416 / 6874645 for a schedule of his seminars

In Part 1 and 2, I explained how to simplify managing your money. If you have not read them yet, please Click Here to read up on what you’ve missed.

In this article, I will finally explain how to increase your “take home” per month without adding any additional bad expenses for you!

Let’s begin. For this article, I’m going to start calling “Take Home Money” =  “Income Streams”. The end goal is to increase your income streams so that it will be more than your expenses. Look at the diagram below:

So let’s focus on Income Streams. Simply put, there are really only 2 kinds of income streams that you have to understand and concentrate on to increase the money flowing into your lives. These are

1.) Your Main Income Stream – What pays for the Necessary Expenses

2.) Your Additional Income Streams – What will get you from scenario 1 to 3


For those who have No Income Stream at all, then good news, this article will help you get started on your first income stream.

Now for those who have a Main Income Stream already, you must Keep and protect your Main Income Stream (at all costs) and keep on adding Income Streams to it.

Today, I will give you two of the most doable ways to start or add an income stream and explain how to do it step by step. By the way, you are not limited to doing just one of them, you can actually add both streams at the same time!

Additional Stream 1: Turn your “Good Expenses” into Income Stream(s):

Step 1: Make an inventory of all the items that you already own and classify them into either of 2 columns “Can be sold” and “Can be rented out” like below:

Can be sold Can be rented out
Ex. 1. Wedding gift Toaster Oven Ex. 1. Play Station Game Console
2. Old Cell Phone 2. Chocolate Fountain (Or any other

gadget)

3. Old Comic Books / Collectibles 3. Re-usable College / High School

text books

Etc… Etc…

Step 2: Create a price list. Here’s a quick guide on how to do that.

  • Come up with a reasonable price for each item. If the item is new (you never got to use it) then sell it or rent it at current market price (it can also be lower than market price, just make sure that you still make money from it), if it’s slightly used, sell it or rent it 10% – 50% lower again, just make sure you still make money on it.
  • If it’s for rent, you may ask for a refundable security deposit. The refundable amount would ideally be how much the item cost you or an amount that the customer is willing to give and would want to get back. (Just make sure it’s realistic)
  • Add delivery costs if you will deliver it. Or you can say prices are by pick up only if you can’t deliver it.
  • Include a nice quality photo of the item whenever possible and remember to make it look presentable.
  • Then place instructions on how they can pay for it. You can use this line: “Hurry First come. First served, contact us now at (your telephone number). For your convenience, you may deposit payment at (Bank Account Number) Or you can use G-Cash (Globe) or Smart Padala (Smart).”

Step 3: Advertise it for free by holding a “Virtual Garage Sale”.

-A “Virtual Garage Sale” is very easy to do: Email the list in step 2 to all your friends and tell them that you are selling your stuff and would like them to check out the items that they want to buy. This saves you the trouble of organizing a Physical Garage sale especially if you do not have the space to do so.

-You should also try selling your items on www.Ebay.ph , Facebook, even Multiply. Go to the respective websites, open a free account by following instructions and start posting. This is also free.

Now, don’t be limited to just these ways, there are lots of other places for you to advertise your list for free, all you have to do is go to http://www.google.com and type: “Free Directory Listing” then start posting in those sites.

Additional Stream 2: Turn your Skill into additional Income Stream(s):

Step 1: Make an inventory of all your skills like so:

My Skill I can offer:
Ex. 1. Good in Math and loves kids Ex. 1. Freelance Tutoring Services
2. Good with Computers 2. Freelance Computer Repair Services
3. Good with cooking 3. Small Scale Catering Services
Etc… Etc…

Step 2: Pick one skill, test the market, and gain experience by offering to do your first 3 to 5 jobs for free. Here are a few guidelines to doing this right.

  • Start by offering your services to family and friends only and say that you want to try this out first with them. Limit the “Free” service for 3-5 clients / projects and see if this service is something that you would enjoy doing for a fee.
  • Ask for honest feedback from your family / friends about your service and if they would be willing to recommend you to their friends. Get their honest inputs and improve based on that.
  • If within the first 3-5 jobs you feel it’s not for you, go back to your list and pick another skill and test the market again. Do this until you figure out what you are passionate about. Once you figure out what skill you are willing to sell, proceed to Step 3

Step 3: Price it, and advertise it for free by word of mouth and through the Internet.

-Let your Family and Friends be your advertising machine. Word of mouth is always the best advertising there is.

-You should also start advertising yourself on Social Media Sites like Facebook, Multiply, and possibly even start your own Blog to highlight your skills and who you have served.

Now these are just 2 ways to start increasing your income streams as soon as possible. There will be more to come in succeeding articles of mine. Stay tuned for that. In the meantime, I hope that you learned something from me today and start building your income streams now. Good luck and all the best!

Author box:

Mark So is a fervent businessman, forex trader and educator.  He is the Chairman and CEO of Businessmaker Academy—a business, finance and corporate training center.  He is also the Chief Forex Trainer of Forex Club Manila. Mr. So and his wife Jhoanna Gan-So regularly teach their straff to manage their money responsibly and have created a money coaching club for their employees. If you would like to start a money coaching club for your company, email Mark directly at markso@zerocapitalclub.com. To read more of Mark’s interesting and life enriching articles you can go to his blog at http://www.markso.wordpress.com


In part one of this article, (Click here if you have not yet read it) I explained how to simplify your finances by just completing a few simple exercises on a piece of paper and I explained the three scenarios that you are probably in right now. So let’s continue our discussion right now. If you are currently in Scenario 1, you would want to move up to scenario 2 and scenario 3 immediately right? And if you are in scenario 2, your end goal is to get to scenario 3 as soon as possible.

Well, let’s get started then.  If you are in Scenario 1 (or 2), take a look at the picture below:

So here’s what you do about it. Don’t worry, I’m not going to tell you to just live below your means as this is what 99% of people try to do and still be in this predicament. The real solution is that you must work on the two problems together, not just lower your expenses, but work on increasing your take home. In this article (Part 2) I’m going to teach you how to first fix your spending habits, then in the next article (Part 3) We will tackle how to you start increasing your income.

So let’s talk about expenses first.

As the picture shows, the first thing you need to know is that there are three kinds of expenses.

  1. The Necessary – These are the only necessary expenses any one needs. These are:
  • Food
  • Clothing
  • Shelter
  • Transportation
  • Education (if you have kids)
  • Health Insurance (Phil health should be enough for now)

Regarding insurance, if you must prioritize between life, non-life, or health, then always get health insurance first. At this day and age when health costs are ridiculously expensive, not having this can bankrupt anyone if he/she gets hospitalized for a prolonged period. (If you have Phil health, that is enough for now)

  1. The Bad  – These are expenses that have no value after you have spent your money, I also call them useless expenses. These are:
  • Pleasure Expenses (Eating in fancy restaurants, taking expensive vacations, etc.)
  • Vice Expenses (Smoking, Drinking, Gambling, etc.)
  • Buying Items that cannot be rented out
  • Buying Items that cannot be re-sold at same or higher values.
  • Inexperienced Investing (lack of experience in knowing the difference between a scam and a true investment)
  • Debt / loans used to pay for any of the above expenses
  1. The Good – These are expenses that produce “assets”. Assets are things or experiences that will add to income and your money right now. These are:
  • Learning Expenses (Self-Help / How-To Books, Great Seminars, etc.)
  • Buying Items that can be rented out
  • Buying Items that can be used, re-sold at same or higher values
  • Savings / Time Deposits with built in life insurance policies
  • Experienced Investing
  • Life/Pension Insurance
  • Charity / charitable causes (if you give some to certain charities who really need it, it will come back to you a hundred fold through other means)

Notice that I included Savings, Investing, and Insurance as “expenses” this is because with my method, everything that goes out of your “cup” I treat as an expense. But, in this case, it is a good kind of expense.

Now the next thing you have to do is to make some sacrifices and adjust your spending habits. Reduce the Bad Expenses, Keep the Necessary Expenses, then Increase the Good Expenses

Yes, I know, you are thinking: “Easier said than done” Sure it is, I never said it was going to be easy, but, if you have the right mindset, I’m going to make it fun for you. Ready? This key to be able to do what I call:

Expense Management through “Substitution”

Here’s how it works, on another piece of paper, create a table like below, and write the heading for each column, “Bad”, “Necessary”, and “Good”. Then list down in the bad column all the expenses you have right now that have no value after you spend on them. (Yes, just the Bad Expenses, leave the other 2 columns blank)

Ex.

Bad

Necessary Good
Eating Out
Vacation in a province
Investing in a “get-rich-quick” scam

Good, now cross out at least one (or as many ) of them and put in a “substitute” expense in either the “Necessary” or “Good” Column, like this:

Bad Necessary Good
Eating Out Go to market and cook my own food
Vacation in a province Buy a low cost computer that you can use in business and even rent out
Investing in a get-rich-quick scam Buy a book on how to invest

For me (and my wife), this exercise has already become so natural with us that we automatically filter in our minds any expense that comes our way, we know if it’s a bad, necessary or good expense. But more importantly, we follow the very simple rule that I just explained –We do not indulge in Bad expenses, but we do not hesitate to spend on good ones. If we have a substitute expense for it either in the Necessary or Good expense column, we will always substitute it. Make this a habit and you will see that over time, this will be how your expenses will now look like:

Okay, for now your exercise will be to start managing your expenses by substitution. This time however, I would love to hear from you on what you have done about your finances at this point. Do send me a quick hello by email: markso@zerocapitalclub.com Stay tuned for part 3, because in that article, I will be talking about increasing your Take Home / Month. Which is absolutely essential for you to reach scenario 3.  Good luck and I hope to hear from you soon!

Click here to continue reading
Money management simplified Part 3

Author box:

Mark So is a fervent businessman, forex trader and educator.  He is the Chairman and CEO of Businessmaker Academy—a business, finance and corporate training center.  He is also the Chief Forex Trainer of Forex Club Manila. Mr. So and his wife Jhoanna Gan-So regularly teach their straff to manage their money responsibly and have created a money coaching club for their employees. If you would like to start a money coaching club for your company, email Mark directly at markso@zerocapitalclub.com. To read more of Mark’s interesting and life enriching articles you can go to his blog at http://www.markso.wordpress.com