Connect with us

News

Name Every Dollar

Published

on

[ad_1]

More Money Will Not Help You

You get a raise every year and you are still broke and deep in debt. Your tax refund came in and for some reason two weeks later you are broke again and piled up more debt. You are one paycheck away from financial disaster. What are your options? What can you do?

You can get a second and third job. Chances are you will spend that money, too. Go ahead and start a business. Do you have the time and patience to learn a business and make it successful? What business will you start? Will it be offline or online? Will your spouse or partner agree? Do you have the money to really invest or will you listen to some Guru and go into more debt with a venture you don’t understand. Oh yeah, you are still broke.

More money will not solve your problems. Most people get raises and windfalls and still live from paycheck to paycheck. Athletes and entertainers make a boat load of money and end up broke. More income is not a problem solver. Naming every dollar is.

I Beat Debt

I beat debt by naming every dollar and coming up with a monthly budget. I owed the IRS, the state franchise board, student loans, personal loans, business loans and credit cards. I decided that I was going to become debt free. I even put #DebtFree2014 on my Instagram photos. I picked up the book The Total money Makeover, by Dave Ramsey. I read it 5 times within 7 days and implemented everything in it. That was November 2013.

In January of 2014 I joined Financial Peace University and within 9 weeks I paid off all my consumer debts and saved over $12000. I only owe student loans. As of today I still put 20% of my income towards paying off my debts. January 31, 2015 I will be debt free.

How did I do this in such a short period? By naming every dollar. I got control of my money and I became the master of it. No longer will money control me. No longer will I be a slave to debt and bill collectors.

It will take about 90 days for you to get used to living on a budget. When I did my first cash flow plan (budget) I saw that I had an extra $500 to put towards my debts. After 90 days I had an extra $1100 to pay down my debts. I did this all with the same income.

Follow these 5 Principles I used for Naming Every Dollar.

Naming Every Dollar

Principle One: Decide to Be in Control

I made a decision to get control of my finances. Decide now that you will control your money and become debt free. You can join a Financial Peace University class in your area. Search online or go pick up a book. Decide and take action.

Principle Two: Change Your Mindset

Money is amoral. It’s neither good or evil. It is used to exchange goods and services so leave all the emotions and feelings out of it. Get rid of the myths and opinions about money.

Move from being a spender, debtor, and doubter to becoming a frugal spender, saver, and investor. Become a master of your money. Have your money start working for you. Make your money pay off debts and build wealth. Force it to grow.

Principle Three: Monthly Budget

Oh the dreaded budget word. Makes you feel restricted. Well sorry get over your fear of restrictions. Every successful business and person has a budget. Look at your last 3 months bank and credit card statements. Find out where your money is going. The last 90 days is a snap shot of your monthly spending.

This could be exciting or a horror story when you find out where your money is going. Some people are surprised when they find out how much their debt payments are. Others are shocked at the $1200 they spend every month at restaurants. People also find out that they are at a negative and are in deep financial trouble. Get over the shock and make a plan.

Principle Four: Name Every Dollar

Now to the main point of this article. Naming every dollar is the key to financial success. What does that mean? It means you know where all your money is going. You give it a name and assigned it somewhere. It also means that you start paying with cash. You feel it when you spend cash. It’s no over-spending when you use cash.

You create a monthly budget. Then you give your money a destination. Every dollar is accounted for. There shouldn’t be a surplus left ever. You spend all of your money. Now I am not saying go broke I am saying you have a zero balance at the end of the month because you assigned all your money to something.

You should not have a surplus. Surplus money that is not assigned a destination gets kidnapped by the pizza guy, kids, and shopping sprees. Now I know I have just confused some people. Yes your balance should be zero every month. You are assigning money to your savings, bills, fun, and debt payoffs. Now do you see why I said zero balance. Account for every dollar.

When you name every dollar and designate it to spend, save, or pay debts you are in control. You are the master commanding your money to perform. This is your foundation to creating wealth. Your budget tells you what expenses to cut and if you need a serious intervention.

Principle Five Accountability Partner

You don’t succeed without a team. Couples your partner is your partner. If you are single find someone who will tell you the truth. Your partner will keep you on track and make sure you don’t lose control.

Naming every dollar is a simple process but it takes discipline, self master, and a plan. It is not a one time thing but something you will use for the rest of your life. Debt freedom and wealth are yours when you name every dollar and control your money.

[ad_2]

Source by Charles Fitzgerald Butler

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

iPhone Application Development – Earn Money Through iPhone App Store

Published

on

[ad_1]

The Internet Revolution! I’m sure you read and heard a lot about it and so I won’t list the myriad ways in which it has changed everything. Professionals capable of working independently and creatively have benefited the most from the ubiquity of the internet.

There are so many ways I which you can showcase your talent to the world (or hawk your wares): you can write a novella, self-publish it over Amazon, and if people like it, you will mint money; you can post a funny video over YouTube (or start you own ‘Channel’), and using nothing more than your skills and ingenuity, find fame and fortune; or you can use your iPhone application development skills, sell your app(s) in the Apple App Store, and buy that yacht you’d always wanted!

Over 2 billion apps are downloaded from the iPhone App Store every year, and as the sales of iPhones continues to rise and more people start using iPhone, the demand for iPhone apps will increase. iPhone apps are constantly making the news and they are one of the prime reasons for the success of iPhones. Experts predicts that 3G smartphones which offer all the facilities of internet will replace PCs and laptops, and apps are the things that make it easier for the users to use their smartphones in lieu of computers: the market for apps is huge, and it will only grow further over time.

Do you have creativity, talent and innovative ideas? There are school students out there who are making serious money developing iPhone apps and selling them using the iPhone app store. Do you think you have the app idea of the decade? You don’t necessarily have to have a scientific and technical mind to gain success at iPhone application development: all you need is an idea and the ability to transform it into reality.

The best thing is that there are a number of free tutorials and SDKs available on the Internet; you can use download them for free and learn how to develop apps for iPhone apps. You might need t invest some time to study how to develop the best apps, and then how to market them over the net, but thereafter your creative ideas will take you far.

Even if you are not good at logic and math and programming is just not for you, you can still take help from professionals and pay iPhone developers to develop an app based on your idea. If your idea is really good, you could convince them to work for royalty from the sales of the app. And if your idea is really good and you are sure that the app based on your idea is going to sell like hot cakes, its best to pay the developer upfront and have complete control over all the profits on your iPhone app!

Once the app is ready, you just need to follow the simple guidelines on the iPhone app development store and list your app on the list of available apps. But there are millions of apps on the iPhone app store, and so you will need to do things to get publicity for your apps: get a website in the name of the app, try and make someone do a piece about in a magazine, keep your fingers crossed, and wait for the world to wake up to the proof of your genius!

[ad_2]

Source by Vatsal M

Continue Reading

News

What Can I Use Bitcoins For?

Published

on

[ad_1]

Practically, almost any product or service that can be bought with dollars or other currencies can also be bought with bitcoins. On the other hand, the high volatility of bitcoins is a huge risk for some people that might want to use this cryptocurrency, but they are afraid about price differences. Even so, the characteristics of bitcoins make them perfect for internet payments:

1. Fast transactions

A bitcoin transaction is processed in 10-15 minutes. In case of a bank transfer, it might take hours or even days for the money to get from one account to the other. Some might say that PayPal or other ewallets are even faster. It is true, but there are other aspects that ewallets can’t give: privacy and smaller commissions.

2. Privacy

When you send bitcoins to a partner over the internet, the transaction will be registered in a blockchain. The list of transactions is public, and it can be verified on specialized websites. Only the identification number, the sum and the time are recorded. There is no way for somebody to find out from where the bitcoins come, and where they go. This is characteristic of bitcoins attracted many people. Well, some of those are interested about it because they can buy illegal goods with those, but the majority of bitcoin users are people that want to buy legal items and services, but which don’t want to disclose their identity. Porn and gambling websites might be immoral, but they are not illegal, so people that want to subscribe for those services can safely pay in bitcoins on the websites that accept this currency, knowing that their reputation will not be affected.

3. Smaller commissions

The average commission is 0.002 BTC for a transaction. It is significantly smaller compared with the PayPal or banking commissions. Moreover, you are not even obliged to pay it. By paying a commission, you “reserve” the computational power of a pool (or at least a part of it), to process your transaction faster. You even have the possibility not to pay the commission. In this case, you might need to wait two or even three days for your transaction to be processed. If you are not in a hurry, this might be the perfect opportunity to make money transactions with zero costs.

Of course, there are also disadvantages for using bitcoins, such as the possibility to lose them. If somebody steals your bitcoins, or if you delete the wallet files, it is impossible to recover those. As long as the bitcoin is not regulated, there is no central organism for arbitrage between divergent parts. In other words, you can’t complain if you lose or you are robbed by your bitcoins, simply because there is nobody to complain to.

[ad_2]

Source by Stanculescu Mihai Bogdan

Continue Reading

News

Things You Should Know About Bitcoin Black

Published

on

[ad_1]

What is Bitcoin Black?

Bitcoin Black is basically the cryptocurrency of the people, by the people for the people. It will be adopted for use as a peer 2 peer payment system which gives the power back to the people.

If we talk about Bitcoin, Bitcoin has failed at this, real value comes from real use of the ecosystem and empowering people. Bitcoin transactions are slow and expensive, and it can be said that Bitcoin is somewhat centralized. Bitcoin takes power of people because it is heavily manipulated and through cycles that discourage participants from cryptocurrency in general.

People buy bitcoin to get rich, not to be involved in the ecosystem. The one percent elite takes advantage of bitcoin and creates discouragement, strategically increasing the price and attracting entry for the dream of wealth and dumping coins for their benefit. In fear of adoption. Bitcoin is completely controlled, pumped and manipulated at will, for many different reasons.

Bitcoin Black is focusing on solving these problems as the coin is a cryptocurrency with a fair distribution Airdropped to 1 Million wallets prior to IEO which all funds will go to community groups voted by the community to move the project forward with focus on fair distribution, mass adoption, usability, education, ease of access, simplicity and community.

The goal is to make it a real decentralized autonomous network giving back power to the people. He does not belong to a group, but belongs to many branches of the community.

Distribution of Coins

Bitcoin Black is aim to have airdrop to at least 1 million wallets initially with not more than 0.5% of supply owned by 1 founding member making it truly decentralized cryptocurrency.

The project have a pre-sale of 2.5% of total supply which is almost 900 Million coins.

If we take a take a look at the IEO, 7.2 billion IEO coins will be allocated to several community foundations that will help the community move the project forward in the future.

Counterpart funds for manipulation (around 5%). Part used for the stability control fund to eliminate the possibility of early manipulation at low volume and maintain currency stability.

Finally, the rewards for introducing the application will be 14.4 billion coins.

Introduction of 30 million members with an increase in the rate of new users. A method of bringing the coin into every schoolyard / university / workplace and community.

Total Supply

A maximum supply is 36 billion coins.

Rewards

3.6 billion coins to be claimed by members who help share Airdrop.

Simple social sharing platform in one click. Share a social message that provides an introduction to encrypted video and the app download link that will allow your friends to download it. Currently the platform is active and functioning well.

Innovation

The best innovation is the Fee free transactions. You can send bitcoin black to anyone free of charge. The transactions are Instant and you can send money as easily as sending an message.

The wallets are easily accessible and very simple to use.

Conclusion

Bitcoin black have a fair mass distributed currency with supply spread widely that it will create less volatility by synchronized pumps and dumps and lead to a more stable price. Bitcoin black is going to be the next bitcoin. You can register for the airdrop by clicking here. I wish someone back in 2008 would have included me on the Bitcoin airdrop. Bitcoin Black will be life changing and we want to tell this to as many as possible.

[ad_2]

Source by Mark West

Continue Reading

Trending