The possibility of acquiring a decently paid job is quite difficult these days, given the scenario of the recession hit world and whats more difficult is being in a high paid job and maintaining it.

But does your high paying job make you pay more price in terms of losing your quality time with family, leading a stressful life, and inability to do something of your choice in a leisure time?

Then why don’t you consider shifting your job? Do i sound Insane? Well i might but i have my own point to be put across. When you reduce the expenses by adopting to a less expensive life style, you wouldn’t be threatened by the fact that you might have to lose your high paid job. This way your options for a decently paid job would be more, you could turn your hobby into income by investing sometime in a side business and spend your weekend with your family.

Get the picture now? Well give it a thought and share with me  your experiences and decisions.

On day 5 of our attempt to fix our finances in a week, we are going to concentrate on retirement savings. Yes retirement savings is an essential part of financial planning.

There are many tools available online like a retirement savings calculator. Make use of such tools and start saving from today. Even if you are just 25, it better to start saving for your retirement right away. The earlier you start , the saver you would be as far as retirement is considered.

Choose your own method of saving. You might want to opt for a retirement saving plan or just put aside some money in a savings account every month. whatever may be the method, just make sure you save enough for your later years.

On our day 5 thats all we are going to do. With just two days left i am sure if you had followed all the 5 day’s agenda properly, you must be already feeling relieved.

Hi everyone!!! I hope that all of you must have done your 3 day ritual regularly and i am sure you are sensing some improvement already from within. Today , the fourth day we are going to concentrate on Credit Cards

Analyze the payments you are making for all your credit cards every month. Ask yourself if you really need the number of credit cards that you own. If not surrender some and have as less as necessary.

Also make the monthly bills on time to keep a clean record of your credit score. Make use of offers given by the credit card companies. Do not fall victim for marketing gimmicks and buy a credit card on an offer as the APY might be a lot higher compared to the traditional ones without offer.

Determine how much credit card debt you owe to the company and start allotting a considerable amount every month.

Thats it!!! We are done for the day. This will not take more than an hour to analyze. So you can go to sleep with a satisfaction that you have completed more than 50% in your attempt to fix your finance.

Hope everyone had a wonderful weekend like me. Coming back to work, lets begin our third day ritual on fixing the finance. On the third day, we are going to look into the number of bank accounts we have and how to set up the necessary number of bank accounts.

Take time to analyze if the account you hold in a bank solves your purpose. If you have just a checking account, set up a Savings account and start putting some cash each month into it. An online high yielding savings account is the best option to earn some extra cash.

Make it compulsory to have just 2-3 bank accounts to solve your purpose and not more in order to make your finance simple.

Make use of setting up automatic payment options to pay your bills and debt installments on time. Ask the bank for their time to time offers and make use of them to your benefit.

Isn’t it simple? Yes thats all you need to do for today.

Still haven’t taken a step to manage your money? Well you aren’t alone, there are a million waiting for an auspicious day to begin this sacred ritual. So i thought why not do this together? Yes lets all start to manage our money and fix all our financial troubles in this week. Lets take the first step now.

Day 1:

Today is the first day in our ritual. Lets spend half hour and take the most important step. Calculate our personal net worth. All we have to do today is dig up all old documents or if you have  great memory, sit with a diary to write down all your assets, its value and then the value of the liabilities and finally subtract the liability from the assets. Bhoom!!! You have just calculated your net worth.

Yes thats was simple isn’t? Yes thats all we are going to do today. Tomorrow we will take our next step. Till then relax!!! We are surely going to fix your finances in 7 days.

You must have already known that asking for a better deal from utility provides regularly could save you a lot of money, but did you know you could apply the same rule to your bank?

Are you still using a brick and mortar bank like i do? Then here are some tips that might help you.

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‘ Rich’ i can say without an iota of doubt that this word brings abundance happiness to most in the world. However not everyone is destined to enjoy its company. A very few have what it takes to reach the top. However there are people who succeed in appearing rich. Hence its important to decide whether you want to be rich or just appear rich. Want to be both? Then your last name has to be Jobs, Gates, Clinton or Ellison, so lets forget about that for the moment and get to the reality.

Lets now discuss about people who appear to be rich. These are people who own a luxurious apartment, a dazzling car , jewels and clothes that are in par with today’s trend , inspite of the fact that its beyond their range of affordability.

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Are you a beginner in the field of investment and money management? Want to know the basics and improve your knowledge in the field of finance?Then there are few things i recommend.

1

Use the internet wisely. There are various websites that offer abundant information about basics of stocks, bonds, insurance, tax and anything you wnat to know. Make use of it. Reading any of these regularly for atleast 10 minutes a day can increase your knowledge gradually.

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There isn’t anyone who would go away from the word ‘Rich’. However not everyone is able to embrace richness, this is because the rich are disciplined about money and follow some rules to make that money stay and multiply.

Here are 4 Tips you could practice to become rich:

Love the process more than the result:

If you keep on thinking abot becoming rich without enjoying the efforts taken, it could be a difficult journey ahead. Hence although the amount you save each month might be less, be happy that you are doing your job.

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Hi Everyone! We have come across various tips to save money, to build wealth and start investing. Yet some of us remain hesitant towards taking our first steps. I not going to give up. I will do my job to keep you all as much motivated as possible. Today i am gonna give you all 4 simple lessons about money.

Lesson 1

Never spend more than you earn. It is simple mathematics. Spend as much less as possible than you earn, the more the gap is the more beneficial it is for you.

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