Business & Income - Revive the passion in your mission statement
According to Laura Lake from About.com, mission statements for our business is more than just a piece of paper that hung on the wall. It consist your goal, business reason and your mission in business.
ÂÂ
So what should be included in mission statement, to get the answer, you can ask yourself these question:
ÂÂ
- What is the purpose of your business?
- Who do you serve? Who are your customers?
- What needs do you fulfill?
- How do you fulfill those needs?
- What values represent your business?
ÂÂ
Just brainstorming the answer and write down in a piece of paper. At the end, just compile all of them and list them neatly in your mission statement. This is an important steps since mission statement will keep reminding you your mission and give the power to you to move forward.
ÂÂ
Financial Planning - Buying or Renting a house?
Buying or renting a house? This is a question that hot discussed by many people. If you are one of them who suffer to make decision between buying or renting a house, then you can read Invest to Financial Freedom - Formula for Rent vs. Own I provided some calculation formula to help you make decision.
ÂÂ
So today when I came across an article on the internet about renting a house, suddenly an idea came to my mind. I meet a lot of people who are renting a house instead of buying because they can’t afford to pay the down payment. It is advisable to pay the down payment although some of the money institute can lend you a mortgage without any down payment. So I have an idea for them who can’t afford it - rent before buy. For example, now you pay $650 in rent and actually you can afford $950 a month for housing. So just allocate this money aside for renting and save the remaining $300 for down payment. Just pretend that you are paying $950 for installment. So try your best to save as much as possible because the more you pay in down payment, the less interest you have to pay and eligible for better monthly installment deal.
ÂÂ
Just a piece of my idea. Hope I make myself clear.
Invest in Forex - 3 Unchangeable rules in Forex Market
- Trade according to the Trend - Trend is just like the current in the sea. It is hard to swim against the current. So as market. No matter you invest long term or short term, you must invest according to the trend. So I think the first basic step that we should learn before we jump into market is learning how to read trend.
- Stop loss - We are not a god, and we make mistakes often in life or in Forex. To survive, we must learn how to protect ourselves from big losses. An Exit and Entry strategy should be planned before investing in Forex. Be discipline and always trade according to your plan. Be flexible and modify your plan from time to time to meet your trading behavior.
- The Resistance and Support - Knowing how to read and analysis the resistance and support level is a basic but important investing skill in Forex trading. Every one of us hopes that we can earn big but loss small in trading. In forex, the price does move in a straight line. It move in a current format - up and down. This is because the effect from the resistance and support point and also the real time trading (buy and sell) of investor. So you can maximize your profit if you know the resistance and cut down the losses if you know the support.
ÂÂ
Above are the 3 rules that I can think about right now. I believe there are more as Forex is a always changing market. ÂÂ
