7 Essential Money Skills for Financial Freedom!

Have you ever envisioned the thought "What if I can be financially free?" How wonderful it would be...

1) No more working from hand to mouth, just enough to pay bills, and loans, repeating this for the rest of your working career. Yikes... right

2) No more endless hours at work just trying to prove yourself in this endless rat race, because even if you win, you are still a rat.

3) The ability to enjoy life truly, spend more quality time with your family, bring your family to vacations, or to nice restaurants whenever you like

4) The ability to pamper yourself with indulgences which you were not able to do previously

Nice thoughts. But you probably think i am just a day-dreamer? Well yes, and no.

Yes, because day-dreaming inspires me with new ideas on how to lead a better quality and more fulfilling life; afterall we only live once, so lets make it all worthwhile!!

No, because with new ideas, we can analyze the various opportunities, and decide on the most viable and effective approach, and drive towards it. With ideas comes opportunity, with opportunity comes Action, with Action comes Results!

Hence, today I would like to share with you some Essential Money Skills that will start to make you a better person at maximizing your cash on hand to be one step closer to financial freedom.

Quote from Benjamin Franklin

"The way to wealth, if you desire it is as plain as the way to market. It depends chiefly on two words, industry and frugality; that is waste neither time nor money, but make the best use of both."

7 essential money skills all people should be equipped with:

1) Value Money

2) Control Money

3) Save Money

4) Invest Money

5) Make Money

6) Shield Money

7) Share Money

Essential Money Skills (1) - Value Money

Do you value money? Do you know the implications of losing money today and the impact on your future value? Do you spend almost all your monthly salary, and have nothing to save? Guilty? You are not ALONE.

Unless we start to value the importance of money, we will not fully appreciate the value of work, the need for saving, and the power of accountability.

It is very important to account for all your money, to know in details your income and expenses, which helps you know if you are only barely meeting life's requirements, or you have surplus cash to manipulate with.

Essential Money Skills (2) - Control Money

I believe like most people, you have only one source of income which is your JOB. This is the source of income which will pay for all your own and family expenses, and which is one which you have to keep working in order to continue this income source. What if you are sick for an extended period and cannot continue working?

The only way to overcome this situation is to have multiple streams of income. Only when this is achieved will you truly face financial freedom, and start to enjoy life freely.

Essential Money Skills (3) - Save Money

Even if you have tons of money, if you don't save it, you wont have any surplus money to spare and grow new money. This is termed "Cash-Flow Management". You need to increase the input and reduce the output; this surplus is your ultimate secret to financial growth. With surplus cash on hand, there are various investment tools in the market which can leverage your portfolio, and potentially lets you grow lots of money using your existing money base.

Essential Money Skills (4) - Invest Money

Some of the common investment tools in the market currently include stocks, shares, equities, bonds, property, and also internet sales. With so many choices, it is best to go through the details with an experienced financial planner who can help you make informed decisions on how to invest smart and effectively. Do be wary though of salespersons who are only interested in selling high commission products but which do not fit into your long-term plans.

Essential Money Skills (5) - Make Money

Once you have chosen your investment path, it is time to sit back and have some patience and watch the money grow. "Money grows on the trees of patience"

Essential Money Skills (6) - Shield Money

When you have money, you know it does not come easy, so the next step is to shield it. To protect it and stock it aside for a rainy day, or to use for further investments. However, you should at least keep a liquid cash saving which can last you around one and a half year just in case.

Essential Money Skills (7) - Share Money

With more cash on hand, you can now achieve what i mentioned at the start of the article. To be able to spend more quality time with your family, bring your family to vacations, or to nice restaurants whenever you like, and the ability to pamper yourself with indulgences which you were not able to do previously. You could also potentially quit your current job and pursue your true interest. Isn't that you and me have been desiring all this while.

Conclusion

To conclude, I believe that you are just like me seeking the route to financial freedom. "Time and Tide wait for no man". Hence, it is very crucial for you to start planning today, and to put the 7 essential money skills to use daily.

With ideas comes opportunity,

With opportunity comes Action,

With Action comes Results!

Originally Written Article here.

The author Jimmy Lee is involved in article writing, publishing, and website design on a freelance basis amid a daytime job as an electrical engineer. His favourite works can be found at http://flashgor.blogspot.com/ and http://www.diypc.wordpress.com/

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Internet Broadband VoIP Phone Service - For Multifarious Jobs

In this contemporary world, almost everyone is trying to save money on their monthly telephone bills. With the new internet telephony services, calling is made easier and cheaper as it is based on the packet switching technique, wherein calls are routed through the internet. In the packet switching technique of broadband VoIP phone services, the conversation of users are routed over internet fiber optics rather than coaxial wires.

The new and advanced telephony services allow users to cut down on bills. To make a call using broadband VoIP service, users require equipment like specific hardware and software. The hardware includes ATA, and a normal phone. A high speed broadband internet connection is another pre-requisite. The VoIP software is usually available on the internet. Moreover, they are easily downloaded onto the phones as well. The ATA digitalises the analog signal before routing the same over the internet. As a matter of fact, users experience internet telephony just like a regular telephone service.

The broadband VoIP phone services enable the users to make the most of add-on benefits such as easy transfer of images, videos and texts on the same network. This allows businesses or providers to save incredible amounts on bandwidth usage. Thereby, the cost of calls through VoIP telephone services is significantly lower as they are not based on the call durations. In addition, broadband services are enriched with enhanced call productivity. There is a greater productivity and efficient utilisation of scare resources, as it allows users to carry multitudinous jobs like mailing, chatting or surfing the internet, simultaneously. Considering the benefits of business phone service, business houses - especially the ones holding a global presence - are making the most of the bundled services available.

The bundled services include 3-way calling, caller ID, call conferencing, call forwarding and many more. The best part is that, users of the internet broadband services can avail VoIP services from anywhere across the globe. Consequently, it can be said that users are free to access calls without getting restricted to their computer terminals. They can make a call as well as receive a call from anywhere and at anytime without incurring great expenses.

As a matter of fact, voice over IP market is flooded away with solution providers. Therefore, users must search and research the providers that offer numerous services. Users must select VoIP solution providers that deal with wholesale carrier services, reseller programs and business solutions to their clients. This will ensure the best services from the providers in comparison to other providers. While opting for VoIP phone service, user must opt for providers that support features such as:

1. Functionality: This feature enables the users to carry multifarious job like calling and checking the mails simultaneously.
2. Reliability and Security: This feature satisfies the users that there data is saved over the IP process.
3. Scalability: This feature ensures that users can carry their phones anywhere around the world.

The VoIP internet phone service is getting popular among the next generation users as it provides one stop solution for making longer distance as well as international calls at lower rates.

To know more about these broadband phone services, visit: VoIP Internet Phone Service provided by one of the leading VoIP Providers.

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