Home Improvements That Really Increase Your Property Values
One of the myths that I learned about real estate is your property doesn’t increase its value according to your investment. What does that mean?
For example, you stay in a house for 4 years. Now it’s worth $180,000 and you want to sell it. You would like sell at higher price by increasing your home’s value. You take out $20,000 to do home improvements and try to sell your house at $250,000. You sell higher because you think that your home improvements have increased the home’s value tremendously. However, at the time you only get offers at $190,000 from the market. You feel strange and don’t know what has happened.
Yes, theoretically home improvements should increase your home’s value. However, in reality, it is not 100% sure that it will hit your expectation or even pay back what it has cost you. This is because not all home improvements are created equally. Again, home improvements are considered as some kind of investment which has some risks.
Employee Satisfaction That Hold your Business Together
Do you ever care about your employees’ satisfaction?
It is a big challenge to run a business especially if you want to make your business become profitable and success. A business is challenging because there are a lot of factors involved that will affect your business. This is why people always use the word “volatile” to describe a business.
There are many things you have to take care in your business such as customer satisfaction. You will find that many reading materials discuss about customer satisfaction and how it can help your business. If you are running a business, have you ever care about your employee satisfaction besides customer satisfaction? I believe not many of the business owner care about this. Let’s discuss the issue.
Employee Satisfaction is as Important as Customer Satisfaction
We all agree that customers are important to a business because they are paying money to business. They are the one who generates the income cash flow for a business.
On the other hand, if you think properly, you will find that your employees are also important. They are the one who provides some kind of services, advices and also the one who help you to collect money from customers. So we can say that employees and customers are linking each other.
Winning in Your Own Cash Flow Game
I always heard the story that people keep complaining that they don’t have enough money to spend or don’t have any money left at the end of the month. They are living paycheck to paycheck. But to me they are considered the lucky one because many people are living credit card to credit card. Yes, they are having negative cash flow and have to use their debt to survive.
Actually in most cases, there is something wrong with their cash flow management. There must be something happening in their way to spend money before that caused this cash flow problem. The theory of the law of cause and effect applies here. If you want to know the reasons, you can refer to my article Reasons Why People Are in Debt.
Mind Your Own Cash Flow
If you read the book rich dad and poor dad before, you will know that one of the lessons that you need to learn is Mind Your Own Business. It is not about starting a business and taking care of it. In fact, the “business” here is your cash flow, your money and your future. Those are the important things for your life.
I always believe that if you want to success in your life, the first thing you must win is in your cash flow game. According to Anthony Robbins, there are 5 things we master and keep them in balance if we want to success. They are:
- Emotion Mastery – Master the way we feel
- Physical Mastery – Master the health of our body
- Relationship Mastery – Master our social life
- Financial Mastery – Master our personal finance or money
- Time Mastery – Master the time management.
As you can see, money is part of our success and it can affect other mastery too. Each of them is inter-related. I believe you have heard a lot of stories about how people ruin their relationship because of money or even loss control their emotion due to the debts.
So the conclusion here is Mind Your Own Cash Flow (Business) is the first step to success.
