Blog Educate | How to Invest your money and time

tip of the day: "Invest your money and time well"

Money is the most important thing in the world today. The lack of money in your pockets can kill you. But if you have extra money or lots of money you can select any of these categories to invest:

1. Real Estate - do you have two houses and you are not using of them? How about renovate your unused house. Make it the best shelter to stay in. After the renovation, you can either sell it at higher price or make people rent in that house. But if you do only have 1 house but has 1 extra-room. You can tap that extra-room for rent. It may sound something but it might help you in alot of things.

2. Savings - since you have lots of money, it does not mean that you need to spend it all. Having a savings account in a bank is one of the big problem in today's world. Many rich people went bankcrupt because they over spend their money and they didn't save money for unevitable problems. They keep on investing on businesses. Some people say your money should move so that you gain revenue at faster rate. Yes, it is true but it takes alot of risk. Try placing it in the bank and let the expert move your money. Saving 10,000 on a bank with 1 percent interest annual interest is a big help. $100 dollars is a quite a small money but what if you have $1,000,000 in your savings account? $10,000 dollars annually. Plus your extra income from work.

3. Taxes - every country today give taxes. Taxes on the left, taxes on the right, taxes on your back, taxes everywhere. Wherever you go you have to pay taxes. Even just buying an apple, you pay tax. If you have a business, hire your relatives, your family and etc. Hiring relatives and your family members can really save a lot. We have had an internet shop in the past and i work in it and my dad pay me. Since i was still a child that time, i am exempted from tax but i still earn income for the family. When you pay tax, don't place everything on the sheet of paper and reduce atleast 10% or 5% from your real income so that you could save from that extra 5%.

4. Investment - yes! investment. I am not telling you to invest 5 million to start another digg site. I want you to start from small. For example, if your friend or a person you know needs a gadget like psp, try searching for cheap psp or second hand psp in fresh stock mode and buy it then sell it to your friend at a higher price. If you have extra money, try starting to retail "hot" things like iphone, psp, laptop or some other things. You can also invest in a website but plan it first because many website owner gain millions from their site like CNET, Google, Yahoo, MSN and some other bloggers.

5. Save from Consumption - don't buy everything you want. Buy those things you usually use. If you are addicted to games, buy psp but if your not then don't. You might end up selling it on eBay at lower price after 1 week of use. Buy the cheaper with high quality. There are alot of quality rich things you can buy, most of them are those products that have just entered the market. Most of these things usually start from a lower price. You can also buy some second hand books on a booksale. Some books in a booksale are never been touched and maybe just published a year ago. And there are other things you could do in terms of saving from consumption, follow your moms because they know best unless your mom is an 'overspender' too.

6. Improve yourself - if you are currently working, try to improve yourself. Improving oneself can increase your value as an employee. A blogger, which is working, should improve himself too, learn the basic CSS, HTML, javascript, PHP and other basic language used in the world wide web. So that if you hire a programmer or a web designer, he/she cannot just place a backdoor on your site that sniff for accounts, etc. Your partnership with your web designer too will become productive. You can now say "i don't like that" or "how about this one".

7. Manage your money - make a small list of your daily expense. But don't hire a accountant just to manage your money, you might end up losing everything. Tip #6 is related with this one too because you need to improve yourself and you should be capable of managing your own consumption and savings. If you are from the US, worry more because US economy is slowing down and recessing and prepare for war.

8. Dont buy unneeded insurance - insurance is not a good investment. We have insurance for deaths, etc. When you apply for insurance that will give money to the people you left might end your life early. Human beings have an inert attribute of greediness. What if your wife knows that you applied for an insurance that might give $10 mil to her? She might think of killing you if the love between you and her is not working anymore. But do buy insurance for health. Insurance for health can really save you alot of money. I was once hospitalized but thanks to the health insurance we didn't pay all the fees. We paid only 10% of the total fees. The total fee was supposed to be 32,000 but we only pait less that 3,000. Isn't that amazing.

9. Write down your ideas - ideas today might not pop up tomorrow. So better write down your ideas on a paper using a pen. The human mind is not a good storage but a it is a good thinker at some time in our life. I read an article in the past the talks about how he became successful in terms of finances. He had a business and everytime he have an idea like marketing, advertising and new features for the business. He write it down on a peace of paper and if he earns extra money, he checks it.

10. Research - perform a research and it should be fast, swift and reliable. You should finish your research at the exact time you planned. A good research will revive your business or your company's future. Some companies failed because they did not create sections for research and development. Whatever niche your business is, you should do a research and development of your current products.

11. Continue Learning - I have three tips for you: Learn, learn and learn about your mistakes and success. Never stop learning since history might repeat itself. Read books by Peter Lynch and Warren Buffet. Books are better than any other things since they are completely informative. Continue reading books and learn to apply what you read.



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