tag:blogger.com,1999:blog-41902855206882804532009-02-23T12:01:56.318+08:00My One Cent Online - Personal Finance Tipslitbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-4190285520688280453.post-46684156377629846672009-02-15T09:43:00.004+08:002009-02-15T09:58:10.618+08:002009-02-15T09:58:10.618+08:00Cashflow 101 Game Rules<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_gqXNbU48oL8/SZd2gZGQ8TI/AAAAAAAAAFM/MA7azI3pKSs/s1600-h/rattitle.JPG"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 302px; height: 320px;" src="http://3.bp.blogspot.com/_gqXNbU48oL8/SZd2gZGQ8TI/AAAAAAAAAFM/MA7azI3pKSs/s320/rattitle.JPG" alt="" id="BLOGGER_PHOTO_ID_5302837385117102386" border="0" /></a><br /><div style="text-align: center;"><span style="font-weight: bold;">Cashflow is played in TWO parts.</span><br /></div><br /><span style="font-weight: bold;">Part I - The Rat Race</span><br />The “Rat Race” is the inner circle on the game board. (The Rat Race is where most of us are<br />trapped day-in and day-out.)<br />Your goal is to get out of the Rat Race and onto the Fast Track.<br />To get out of the Rat Race you must buy investments which give you cash flow (or passive income) so that your Passive Income is greater than your Total Expenses.<br /><br /><span style="font-weight: bold;">Part II - Fast Track</span><br />The “Fast Track” is the outer track of the game board. (The Fast Track is where the Rich play the game of money.)<br /><br />Once you’ve moved from the Rat Race to the Fast Track your goals are to:<br />1) BUY YOUR DREAM<br />The Dreams are the pink spaces on the Fast Track<br />and/or<br />2) INCREASE YOUR MONTHLY CASH FLOW<br /><br /><div style="text-align: center;"><span style="font-weight: bold;">HOW TO WIN</span><br /><br /></div>You win CASHFLOW® if:<br />1) You are the first Player to buy your Dream.<br />If a Player buys their Dream on the Fast Track then that Player is the winner and the game is over.<br />or<br />2) You are the first Player on the Fast Track to accumulate $50,000 in Fast Track Cash Flow by<br />buying Fast Track businesses (green squares).<br /><br /><div style="text-align: center; font-weight: bold;">How To Set Up The Game<br /><br /></div>1) Elect one Player to act as Banker. The Banker should be someone good with numbers and able to handle cash transactions quickly. If the Banker is also playing the game then they must keep<br />their own game money separate from the money of the Bank.<br /><br /><div style="text-align: center;"><span style="font-size:85%;"><span style="font-style: italic;">The Banker pays & receives all monies to and from players.</span></span><br /><br /></div>2) Shuffle the Opportunity, The Market and Doodads cards. Place them face down on the game<br />board on their marked places.<br /><br />3) Distribute one Income Statement/Balance Sheet to each Player. This is your “Game Card”.<br />Take a moment to review the Game Card. Get familiar with the form and the words.<br /><br /><div style="text-align: center;"><span style="font-style: italic;font-size:85%;" >Use the Income Statement/Balance Sheet side of your Game Card for the Rat Race portion of the game. The side of your Game Card labeled “Congratulations!” is used when you enter the Fast Track.</span><br /><br /></div>4) Shuffle the Profession cards and randomly deal, face down, one to each Player. Distribute<br />one pencil to each Player. Each Player then turns over their Profession card and enters the<br />information from it, exactly as it is written, onto their Game Card.<br /><span style="font-style: italic;font-size:85%;" >Note: Each Player starts the game with no bank loans, no bank loan payment, and no children.</span><br /><br />5) Meet your Auditor. This is the person on your right. The Auditor’s role is to assist you in<br />making accurate calculations. Each time you make a change to your Game Card your Auditor<br />must check your work.<br /><br />6) The Banker distributes cash to each Player. The amount of cash each Player receives at the<br />beginning of the game is:<br />a) The Player’s Monthly Cash Flow (income minus expenses, on your Game Card). Your<br />Monthly Cash Flow is also your Pay Check.<br /><div style="text-align: center;">PLUS<br /></div>b) The Player’s Savings (listed on your Game Card). Your savings is only paid to you at the<br />start of the game. Erase the savings amount from your Game Card once you receive it.<br />Savings is not part of your Pay Check.<map name="bdv_RSS_Ad_163546446" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=163546446&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=163546446&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=163546446&rssimage=1" border="0" usemap="#bdv_RSS_Ad_163546446" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-89300834290007551942009-02-15T09:28:00.004+08:002009-02-15T09:43:26.034+08:002009-02-15T09:43:26.034+08:00Cashflow 101 Game Quick Start1) Select a Banker for the game.<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_gqXNbU48oL8/SZdzAqNxFnI/AAAAAAAAAFE/IVoRMg5IZz4/s1600-h/rat1.JPG"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 126px; height: 108px;" src="http://1.bp.blogspot.com/_gqXNbU48oL8/SZdzAqNxFnI/AAAAAAAAAFE/IVoRMg5IZz4/s320/rat1.JPG" alt="" id="BLOGGER_PHOTO_ID_5302833541421274738" border="0" /></a><br />2)Place *Opportunity, The Market and Doodads cards on board.<br />3)Distribute a Game Card (Income Statement/Balance Sheet) to each Player.<br />4) Deal out one Profession Card to each Player.<br />5)Transfer information from Profession Card to Game Card.<br />6)Meet your Auditor. (Player to your right.)<br />7) Banker distributes cash (Monthly Cash Flow + Savings) to each Player.<br />Remember to erase savings from your Game Card once you receive it.<br />8) Choose your playing pieces; Rat, Cheese and Tokens, all of the same color.<br />9)Choose your “Dream” on the Fast Track by placing your Cheese piece on it.<br />10) Place your Rat playing piece on “Start Here” arrow on the Rat Race.<br />11) Roll die to see who goes first.<br />12) Begin playing CASHFLOW®!<br /><br />Remember:<br />• To get out of the Rat Race your Passive Income must be greater than your Total Expenses.<br />• To build up your Passive Income, buy assets that provide a positive cash flow.<br />• Read the *Opportunity, The Market and Doodads cards aloud. Every card could affect your<br />financial position.<br />• Beware of Bankruptcy. Be smart with your investments.<br />• Adjust your strategy as the market changes.<br /><span style="font-size:78%;"><br />*Big Deal and Small Deal Cards</span><map name="bdv_RSS_Ad_54855259" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=54855259&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=54855259&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=54855259&rssimage=1" border="0" usemap="#bdv_RSS_Ad_54855259" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-6489514365080022262009-02-08T23:52:00.002+08:002009-02-09T02:42:51.823+08:002009-02-09T02:42:51.823+08:00Budget Cuts - Sacrifice a LittleSome tips to lessen your expenses.<br /><br /><span style="font-weight: bold;">Divide your credit card payments</span><br /><br />Instead of paying $200 once a month, pay $100 twice a month. Since the finance charges are based on your average daily balance, you will reduce your monthly finance charge without paying any more than you already do. Dividing your credit card payments requires a bit more involvement than most effortless budget cuts do, but not too much.<br /><br /><span style="font-weight: bold;">Review your phone plans</span><br /><br />Do you still use your home telephone or do you just keep it around because you’re accustomed to it? If everyone in your household has a cellular phone, then consider dropping the landline and save yourself the monthly payment.<br />When is the last time you looked at your cellular plan? I'm not going to tell you to try talk less or watch your minutes (that is painful), but look at your statement or call your company to find out what your average usage is per month. Could you use a less expensive plan based on your monthly average? If you can, make the change and save yourself the extra money.<br /><br /><span style="font-weight: bold;">Disconnect electric devices when not in use</span><br /><br />You have probably heard that electronic devices continue to suck energy after you’ve turned them off if you've left them plugged in. You can save a lot of money by unplugging your electronic devices when you are not using them. This does require some effort, but the easiest way to do this is to use power strips, so you can unplug multiple devices with one plug. It might sound like a hassle, but doing it will cut down your power bill substantially. The Organization for Economic Co-operation and Development estimates that standby power accounts for 3% to 4% of residential electricity use.<br /><br /><span style="font-weight: bold;">Buy generic prescriptions and food</span><br /><br />If you haven’t started using generic drugs, you need to start right away. You’ll get the same drug for a fraction of the cost. According to the National Association of Chain Drug Stores, the average retail price of a generic prescription drug purchase in 2006 was $32.23, while brand-name drugs went for an average of $111.02. The same idea can be applied to food. Don’t be afraid to buy the knockoff items in your local grocery store. Most of the time, generic food products are produced and packaged at the same facility and just receive different labels. Because off-brand companies typically do not advertise, their production costs are cheaper. These effortless budget cuts could save you upward of 25% on your bill.<map name="bdv_RSS_Ad_91341518" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=91341518&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=91341518&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=91341518&rssimage=1" border="0" usemap="#bdv_RSS_Ad_91341518" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-74184038015918402932009-02-03T11:00:00.003+08:002009-02-03T11:09:15.991+08:002009-02-03T11:09:15.991+08:00Cashflow 101 Basics<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://tbn3.google.com/images?q=tbn:a5fPoJUaQYxxoM:http://api.ning.com/files/OUAIVSA1v1JGm7mBJpi452AZq9lBkN4vsfBK*rQTI3IPv5Ou*zbgVJiWODlDAGgRMDWB23LtO8VH6LLVQyGj67dtBZBy1b8q/cashflowround.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 148px; height: 150px;" src="http://tbn3.google.com/images?q=tbn:a5fPoJUaQYxxoM:http://api.ning.com/files/OUAIVSA1v1JGm7mBJpi452AZq9lBkN4vsfBK*rQTI3IPv5Ou*zbgVJiWODlDAGgRMDWB23LtO8VH6LLVQyGj67dtBZBy1b8q/cashflowround.jpg" alt="" border="0" /></a><br />See the animated explanation of how Cashflow 101 works. <a href="http://cashflow.vo.llnwd.net/o16/cashflow3.swf">Click here</a><map name="bdv_RSS_Ad_155422939" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=155422939&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=155422939&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=155422939&rssimage=1" border="0" usemap="#bdv_RSS_Ad_155422939" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-35146867890037381712009-02-02T11:21:00.002+08:002009-02-02T11:48:15.772+08:002009-02-02T11:48:15.772+08:0012 Steps to Build Personal Wealth<ol><li>Understand and overcome the obstacles to build wealth</li><li>Know what you want and dream big</li><li>Find out where you are and what you have.</li><li>Make savings a lifelong habit</li><li>Spend your money wisely</li><li>Get out and stay out of debt</li><li>Find ways to earn more, to save more</li><li>Prepare for life's financial challenges</li><li>Plan for a hassle-free and comfortable retirement</li><li>Grow your money through smart investing</li><li>Take care of your health to enjoy your wealth</li><li>Share your blessings and receive more riches</li></ol><br /><span style="font-style: italic;font-size:85%;" >Source: </span><span style="font-style: italic;font-size:85%;" >12 Steps to Build Wealth on Any Income by Alvin Tabañag</span><map name="bdv_RSS_Ad_160611339" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=160611339&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=160611339&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=160611339&rssimage=1" border="0" usemap="#bdv_RSS_Ad_160611339" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-55011810373273339592009-02-01T20:06:00.001+08:002009-02-02T11:48:27.324+08:002009-02-02T11:48:27.324+08:00Tips by other Cashflow 101 players<span style="font-weight: bold;">TIP #1: Never...Ever...Quit</span>.<br />I believe that there are many things to understand to succeed at the game. But, for me, the most important is: NEVER, EVER, EVER, EVER QUIT -- ON YOURSELF! No matter how you feel, NEVER QUIT!<br />– Kathleen M<br /><br /><span style="font-weight: bold;">TIP #2: Step Out of Your Comfort Zone.</span><br />CASHFLOW 101 is so powerful because it reflects your true behavior and allows you to take risks in a safe environment. Step out of your comfort zone, and do things you may not feel comfortable doing in the “real world.” You’ll be amazed at how it changes your perspective.<br />– Jack N<br /><br /><span style="font-weight: bold;">TIP #3: Celebrate the Joy of Success.</span><br />The biggest 'tip' I have learned so far is that your way to wealth is the joy- not the wealth- you achieve. This became very clear to me after playing dozens of times and realizing that I would actually SKIP the Dreams on the Fast Track! I was more interested in winning the game than 'golfing around the world.'<br />– Jeff B<br /><br /><span style="font-weight: bold;">TIP #4: Focus on Your Goals.</span><br />I found that while playing the game, I would focus on the 'negative' spaces – "Baby" or "Downsized" – and hope not to land there. I was focusing specifically on what I didn't want, and, oddly enough, landing on those spaces most often. I began to repeat the numbers I WANTED to have come up, and just as oddly, those numbers seemed to come up more than mere chance would support. The lesson is simple: focus on your goals, not on what may go wrong.<br />– Hugh C<br /><br /><span style="font-weight: bold;">TIP #5: Only Take Advice from Successful People.</span><br />When the Opportunity Card comes up, some people look to fellow players for guidance. Make sure that those you take advice from are having success and on their way to getting out of the Rat Race!<br />– Cal J<br /><br /><span style="font-weight: bold;">TIP #6: Your words are your reality. Never Say “Can’t.”</span><br />There is ALWAYS a way. Think outside the box. Find a way to make your “can’t” a “can.”<br />– Grace N<br /><br /><span style="font-weight: bold;">TIP #7: Take Note of Your Overall Habits.</span><br />After playing the game, take note of your overall habits- good and bad. Evaluate how those habits helped or hindered your game play. In the next game, make a concerted effort to change the habits that may have prevented you from getting out of the Rat Race.<br />– Toni E<br /><br /><span style="font-weight: bold;">TIP #8: Get Rid of Bad Debt.</span><br />The thing that has expedited my exit from the Rat Race: Paying off ‘bad debt.’<br />– Bridget S<br /><br /><span style="font-weight: bold;">TIP #9: Create Your Own Rules.</span><br />Creating your own rules (or modifying the game rules) can make CASHFLOW 101 more challenging. For instance, play a game where you and your teammates: (a) Pass on purchasing $1 & $5 stock deals; (b) Remove $0 down real estate transactions; (c) Remove all the doodad cards that are $100 or less.<br />– Dylan B<br /><br /><span style="font-weight: bold;">TIP #10: Don’t Limit Yourself.</span><br />Along with bad debt, there is good debt. Don’t limit yourself to your cash on-hand. The lower the price of the stock, the more money you should borrow. When you eventually sell your shares, your rate of return will more than make up for any bank payments you have to make.<br />– Roosevelt C<br /><br /><span style="font-weight: bold;">TIP #11: Give Back.</span><br />Giving back is a necessary step in getting out of the Rat Race. Newton’s law states, “For every action there is a reaction.” Give and you shall receive.<br />– Lisa N<br /><br /><span style="font-weight: bold;">TIP #12: Put Your Ego on the Shelf.</span><br />The game has showed me some things about myself I never would have guessed- like the fact that my ego gets me in more trouble than anything else. The deals you turn down count just as much as the deals you make. Don't let your ego get you in over your head.<br />– Tami R<br /><br /><span style="font-weight: bold;">TIP #13: Be Able to Make Quick Decisions.</span><br />As Robert says, “Fortune favors the prepared mind.” When the “Opportunity Card” comes up, you need to be able to determine if it is a good or bad deal quickly. Otherwise, just like in the “real world,” you might miss a great opportunity.<br />– Phil L<br /><br /><span style="font-weight: bold;">TIP #14: Learn From Your Mistakes.</span><br />Mistakes are opportunities to learn something new. Take risks, make mistakes… and be smarter for it!<br />– George C<br /><br /><span style="font-weight: bold;">TIP #15: Give Feedback to Fellow Players, Not Advice.</span><br />Feedback occurs after the action, advice happens before the action. Your fellow players will learn more if you tell them what they did and how they might try a different approach next time, rather than telling them what to do and how to do it.<br />– John D<br /><br /><span style="font-weight: bold;">TIP #16: Reinvest Your Cash.</span><br />Don’t let it sit there doing nothing… get your money working for you so you can get out of the Rat Race!<br />– Jenny M<br /><br /><span style="font-weight: bold;">TIP #17: Learn From Others.</span><br />Take note of fellow players’ winning game strategies. Next time, test them out for yourself.<br />– Cheridan S <br /><br /><span style="font-weight: bold;">TIP #18: Overcome Fear.</span><br />Fear isn’t the problem; it’s how you handle fear: specifically, the fear of losing money. Losers are defeated by failure. Winners are inspired by it.<br />– Jorge T<br /><br /><span style="font-weight: bold;">TIP #19: Always Look For Opportunities.</span><br />No matter where you are in the game… always be on the lookout for opportunities.<br />– Elle J<br /><br /><span style="font-weight: bold;">TIP #20: Reflect on Lessons Learned.</span><br />Always think about what you can learn from the game you just played. You may not always have time to reflect on the game as it is played (and sometimes it is more interesting NOT to play, but to just observe!), but you should always take time later to think about the game and what it taught you. This is part of the educational process and so it should be savored. You can learn a lot about how investing works, how well your investment strategies pay off, and what it takes to exit the real Rat Race.<br />– Dave G<map name="bdv_RSS_Ad_34441767" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=34441767&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=34441767&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=34441767&rssimage=1" border="0" usemap="#bdv_RSS_Ad_34441767" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-70738251855930779242009-01-30T10:16:00.003+08:002009-02-01T17:24:15.584+08:002009-02-01T17:24:15.584+08:00How to download Cashflow game using Torrent<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://tbn0.google.com/images?q=tbn:zD5kRNaRjbjyUM:http://www.staywealthy.com/files/images/ratrace.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 391px; height: 293px;" src="http://tbn0.google.com/images?q=tbn:zD5kRNaRjbjyUM:http://www.staywealthy.com/files/images/ratrace.jpg" alt="" border="0" /></a><br /><span style="font-weight: bold;"><br />Download the torrent client.</span><br /><br />1. Open in a new browser <a href="http://download.utorrent.com/1.8/utorrent.exe">http://download.utorrent.com/1.8/utorrent.exe</a> to download the torrent client<br />2. A dialog box will appear asking if you want to Save or Run/Open<br />3. Click the Run/Open to download and install the client.<br />4. Just follow the installation procedure. (Usually just NEXT and/or YES button)<br /><br /><br /><span style="font-weight: bold;">Once the client is installed. You need to download the torrent file.</span><br /><br />1. Open in a new browser <a href="http://dl.btjunkie.org/torrent/Robert-Kiyosaki-Cashflow-101-and-202/443269cd49fbf40a8bc8170ab73a1e7e63ebf87eb4c2/download.torrent">http://dl.btjunkie.org/torrent/Robert-Kiyosaki-Cashflow-101-and-202/443269cd49fbf40a8bc8170ab73a1e7e63ebf87eb4c2/download.torrent</a> to go to the torrent site.<br />2. Click the title "Robert Kiyosaki Cashflow 101 and 202" to download the torrent file<br />3. It will automatically open uTorrent, then you will be given an option which files are to be downloaded. Click Okay button(Default all are checked)<br />4. Wait until the downloading is finish. If "Done" column says 100% downloading is already finished.<br />5. To find where the game is located in your pc, right click the game then select Open Containing Folder. The folder contains 3 iso files namely CashFlow101 Play Disk, CashFlow 101 Data Disk, and CashFlow 202<br /><br /><br /><span style="font-weight: bold;">Burn / CD write the Cashflow iso files. (CD writer needed)</span><br /><br />1. You need to download a software that can burn .iso file. Open in a new browser <a href="http://www.gburner.com/gburner24.exe">http://www.gburner.com/gburner24.exe</a> to download GBurner.<br />2. Install. Just follow the installation instructions.<br />3. Open gBurner. You can find it in Start > All Programs > gBurner > gBurner<br />4. Click File > Open in the menu or Click the Folder Icon. Select the .iso file from step 5 above.<br />5. Put the blank CD in your CD writer.<br />6. Click Burn.<br />7. Click Ok<br />8. Wait until the burning complete.<br />9. Repeat step 4 to 8 to the other 2 .iso files<br /><br /><br />You now have a CashFlow 101 and 202 CDs.<map name="bdv_RSS_Ad_261521374" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=261521374&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=261521374&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=261521374&rssimage=1" border="0" usemap="#bdv_RSS_Ad_261521374" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com2tag:blogger.com,1999:blog-4190285520688280453.post-51007972535365635552009-01-30T02:44:00.005+08:002009-02-02T11:40:10.648+08:002009-02-02T11:40:10.648+08:00Budgeting Tips<div>Here are some budgeting tips..<br /></div><br /><p><span style="font-size:130%;"><strong>Listing Expenses.</strong></span></p>Start personal budgeting by first listing and then prioritizing your expenses. Although most expenses are monthly or weekly, some expenses are annual, semi-annual, quarterly, or just plain unexpected. In addition, some expenses are discretionary.<br /><p>Discretionary expenses are part of your normal out-of-pocket expenses – the things you typically buy that you could live without, but chances are you won’t. Failure to budget for discretionary expenses is one of the top budget busters. </p><strong>Unexpected expenses</strong><br /><ul><li>Home repair & maintenance</li><br /><li>Medical bills(Doctor, Dental, Eye care, Chiropractic, Prescription Drugs)</li><br /><li>Vehicle repair & maintenance </li></ul><p><strong>Annual, semi-annual, quarterly expenses</strong><br /></p><ul><li>Homeowners’ Association fees</li><br /><li>License renewals (drives, vehicles)</li><br /><li>Professional fees (accountants, attorneys, tax preparation)</li><br /><li>Property taxes</li><br /><li>Insurances (life, home, health, auto)</li></ul><p><strong>Monthly expenses</strong></p><ul><li>Bank loans</li><br /><li>Child support payments</li><br /><li>Credit card payments</li><br /><li>Household rent or mortgage payments</li><br /><li>Internet Connection</li><br /><li>TelephoneTelevision Cable/satellite connections </li><br /><li>Utilities (heat and electric)</li><br /><li>Vehicle leases or payments</li></ul><p><strong>Weekly expenses</strong></p><ul><li>Child Day Care</li><br /><li>Groceries</li><br /><li>Personal Care (clothing, bath & beauty, toiletries)</li><br /><li>Transportation (bus, gasoline,)</li><br /><li>Savings </li></ul><p><strong>Discretionary expenses</strong></p><ul><li>Books, magazines, entertainment, impulse purchases, snacks, dining, vacation & travel, membership fees... </li></ul><div><span style="font-size:130%;"><strong>Prioritizing Expenses.</strong></span></div><p></p><ul><li>Top priorities on any expense list are food and shelter. Shelter includes your rent or mortgage payment, real estate taxes, and any home association or other housing expenses that may lead to the loss of your home. </li><br /><li>Next in line are essential utilities like heat, electricity, and water service. </li><br /><li>Car loans or lease payments and car licensing fees are essential to your budget if your vehicle is essential to your job.</li><br /><li>Home insurance (if not a part of your mortgage payment), or renter’s property insurance, vehicle insurances, and medical insurances should also hold a place on your list of priorities. </li><br /><li>Along with discretionary expenses, low priority expenses include unsecured loans, and credit card payments. Make sure your personal budget takes care of essential expenses and then consider the rest. </li></ul><p><strong><span style="font-size:130%;">Practical Budgeting</span></strong></p><p>Put the amount of money you had left after tracking your spending at the top of your budget. Next, add your net monthly income. You may have calculated this when you tracked your money, but if you didn’t your net income is the money you take home each month. If you’re paid weekly, multiply your weekly take home pay times 13 and divide by three to calculate your average monthly income. </p><p>Add these figures together. Your total is your available cash for this month’s personal budget. </p><p>List your expenses by priority. List the total amount of each expense and the date it is due.</p><ul><li>Transform weekly expenses into monthly using the same method you used to calculate your net income. </li><br /><li>Divide annual, semi-annual, and quarterly expenses by 12, 6, and 3 to calculate a monthly figure for your budget. If these expenses aren’t due this month, add these funds to savings. </li><br /><li>Use data from tracking your spending to determine your discretionary expenses.<br />Include a monthly figure for the unexpected. If possible, find receipts, total them, and divide them to determine what is practical to expect from the unexpected. If nothing unexpected occurs during the month, add these funds to your available cash next month. </li><br /><li>If you’re not saving regularly, do budget money for saving. Having a money reserve (savings) to fall back on in an emergency can make or break your budget. </li></ul><p><strong><span style="font-size:130%;">Making Your Personal Budget Work for You</span></strong></p><p>When you begin personal budgeting, it’s not uncommon to find your expenses total more than your income. Always take care of top priorities first. Then work on making practical decisions for the rest of your expenses.</p><ul><li>If you don’t have enough money to take care of the priorities, you will need to find a way to generate more cash. </li><br /><li>If an expense isn’t a priority, roll it into next month’s budget. However, if you can’t pay a bill or meet a minimum payment, do contact your creditor and let them know. Tell your creditor when you will be able to pay the bill. Don’t let creditors make budget decisions for you. </li><br /><li>Look over discretionary expenses and see what you realistically are willing to sacrifice to make your budget balance. </li><br /><li>Can you cut down on groceries and personal care items? When shaving dollars from these expenses, consider purchasing generic items and store brands for a few weeks (or months) until your budget is under control. </li><br /><li>Will your utility company allow you to make partial payment on utility bills? </li><br /><li>Could you carpool or take alternate transportation for a couple of weeks to save on vehicle expense? </li></ul><map name="bdv_RSS_Ad_17923147" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=17923147&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=17923147&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=17923147&rssimage=1" border="0" usemap="#bdv_RSS_Ad_17923147" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-56611246050921829362009-01-30T02:39:00.002+08:002009-02-02T11:40:10.649+08:002009-02-02T11:40:10.649+08:00Why Budgeting Often FailsBudgeting is a money management tool that shows you what money you need to make ends meet, live comfortably, and increase your wealth.<br /><br />In tracking your money, you found out what you have now and what you can reasonably expect to earn. In tracking your spending, you found out what your typical pattern of spending is.<br /><br />Here are some of the reasons why budgeting often fails.<br /><ol><li><span style="font-size:130%;">Failure to prioritize expenses. </span></li><li><span style="font-size:130%;">Failure to budget practically for normal out-of-pocket expenses like groceries and gas. </span></li><li><span style="font-size:130%;">Failure to plan for the unexpected. </span></li><li><span style="font-size:130%;">Failure to include quarterly or annual expenses. </span></li><li><span style="font-size:130%;">Spending more money than you pocket.</span> </li></ol><map name="bdv_RSS_Ad_249925867" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=249925867&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=249925867&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=249925867&rssimage=1" border="0" usemap="#bdv_RSS_Ad_249925867" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-48566100164116183862009-01-14T01:40:00.002+08:002009-02-02T11:40:10.649+08:002009-02-02T11:40:10.649+08:00Managing Debt<strong>1. Prioritize.</strong><br />List down all your debt from highest interest to lowest.<br /><br /><strong>2. Focus on paying the debt. </strong><br />Focus paying debt with the highest interest first while paying the minimum on the others to avoid late payment charges. Once you're done with the first, add the amount you paid monthly on that account to the second debt, effectively pushing down debt at an accelerated pace. Do this until you finish paying all your debt.<br /><br /><strong>3. Avoid new debt.</strong><br />If you can't pay it cash, then you can't afford it.<br /><br /><strong>4. Save, save, save.</strong><br />Keep a healthy emergency fund of three to six month of your monthly consumption so that you don't have to borrow heavily when you need the money.<map name="bdv_RSS_Ad_46269310" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=46269310&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=46269310&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=46269310&rssimage=1" border="0" usemap="#bdv_RSS_Ad_46269310" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-41085741488797794772008-12-17T03:40:00.003+08:002009-02-02T11:40:10.650+08:002009-02-02T11:40:10.650+08:0010 Most Common Money MistakesI got this from the forum where I usually hang out. I just want to share it to you. <br /><br /><strong>10 most common money mistakes </strong><br /><br /><em>By Ma. Salve Duplito<br />INQUIRER.net<br />First Posted 01:10:00 12/01/2008</em><br /><br />WHAT money mistakes can turn P20,000 to waste in a year?<br /><br />While mistakes are normal (even so-called experts make them), it won't hurt to know which ones you are committing and how to learn from them.<br /><br />Putting your act together financially may prove especially useful when times are tough and rocky because even little mistakes that happen again and again can set you back thousands of pesos in a year.<br /><br />Here are 10 money mistakes most of us make:<br /><br /><strong>Mistake #1:</strong> Living beyond your means<br />Filipinos are consumed with "wanting to live a better life."<br /><br />Are you trying to live "that kind of life" with income that cannot sustain that lifestyle and ending up spending more than your monthly paycheck? Yes, you can fund that lifestyle with debt. Don't. Spending more than you earn is the surest way to keep that "better life" further away from reach.<br /><br />Ralph Liew, chairman of the International Association of Regional Financial Consultants (IARFC) for the Philippines, Thailand, Malaysia and India, points out that the millionaires next door are the ones who save so much more than they spend.<br /><br />"They are the ones who are saving a lot of money," he says.<br /><br />The fix: Put off expenses if the income for the month will put you in debt or cause you not to save money for that period. Thinking twice about small things like the cost of lunch, a frapuccino or dinner at a restaurant will instill discipline and the habit of living within your means, which is most valuable in fixing money mistakes.<br /><br /><strong>Mistake #2:</strong> Not saving enough<br />You've heard of the expression "It's not what you make that matters, it's what you keep." Saving monthly is the fundamental habit that makes any person-- whether a Jollibee crew or a professional working in a posh office in Makati--wealthy. Starting your first job and earning minimum wage may not make it easy for you to save regularly, but P50 savings per week in a simple jar near your bed is not a bad start.<br /><br />As you mature, it will be easier to set aside a bigger chunk of money because you've been used to the habit.<br /><br />"I save half of my salary automatically and try not to think about it," says Anna, a professional working in Ortigas.<br /><br />The fix: Find a way to automate your savings to make it easier for you to save. There are some banks that provide this service. Make it a goal to save monthly, even if it's just a small part of your income--say 10 percent. Then increase this regularly when finances allow you to squirrel away more of your income.<br /><br /><strong>Mistake #3:</strong> Being materialistic<br />It is common to see families in the provinces living simply with chickens running around in the yard, pigs being raised in the backyard, malunggay and other vegetables growing near the home. IARFC's Liew says when he saw Filipinos living this way, he realized that living simply and not measuring your worth by looking at what you have and what you can buy makes a person's life more meaningful.<br /><br />"Don't try to keep up with the Joneses and don't just keep looking at the material part of life. Be frugal; don't overspend. Some of the people I see in the provinces live simply and they are okay," says Liew.<br /><br />The fix: Keep your attention focused on the things that matter most: health, family, friends, and community. While money may make your children happy because of the things that it buys, there are other things that will make them equally happy, like loving attention, quality time and playing together, among others. Sometimes, the returns from non-monetary gifts are even higher.<br /><br /><strong>Mistake #4:</strong> Giving in to greed<br />Billions of pesos every year are sucked into get-rich-quick schemes and scams that easily separates a Filipino from his hard-earned money. Liew says the reason for this is greed. Running after very high returns is a sure way of getting scammed.<br /><br />The fix: Don't be wowed by quick wealth. Lightning may strike for some people, but the more stable and sure way to wealth is a slow accumulation of savings and investments. How about that hot stock tip or "new investment strategy" earning four percent in a day that made someone a millionaire? Just walk away from it. They will never tell you just how quickly they lost their money.<br /><br /><strong>Mistake #5:</strong> Not knowing what you want<br />"People don't know what they want and then they end up wanting everything they see," says Liew. One of the building blocks of wealth is to know yourself and your limitations as well as your strengths. Husbands, wives and children should take time to talk about financial goals (i.e. our own home in three years, our own car in two years, studies in the United States for Junior in 10 years, etc.).<br /><br />The fix: New Year or this coming Christmas holiday is a good time to create a financial road map for yourself or your family. Talk about what you want and how you intend to get there. Think about how long you want to attain your goals. Make a pact to revisit your goals every year to see how you are doing.<br /><br /><strong>Mistake #6:</strong> Failing to pay off debts<br />The Philippines owes P122 billion in credit card debt, P14.2 billion of which have already fallen overdue as of June. Unfortunately, that's only a small part of consumer debt, as loan sharks still abound. Debt is like a Damocles sword that hangs over your head and makes you afraid to wake up in the morning.<br /><br />Interest from debt never sleeps; it doesn't take days off or holidays. They are worms that eat voraciously at your financial dreams.<br /><br />The fix: If you are thinking of borrowing money with no plan on how to repay it, don't.<br /><br />If you have debt or several debts that need to be paid, create a plan now.<br /><br />Start paying the ones with the highest interest while paying off the others with as much money as you can spare.<br /><br />Then work on through that list until you have paid everything.<br /><br /><strong>Mistake #7:</strong> Getting killed by advertisements<br />Glossy magazine inserts come in through the mail at a frenzied pace when the holiday season draws near. There are flat-screen LCD televisions to buy and new mobile phone models. Resist them if you don't need them or can't afford them yet.<br /><br />The fix: If you are vulnerable to advertisements, make the remote your best friend and speed up your channel surfing. Don't even start flipping that glossy magazine insert. Avoiding advertisements or keeping yourself disciplined enough to enjoy them from a distance should help you keep your finances secure this holiday season.<br /><br /><strong>Mistake #8:</strong> Not having a plan<br />"One of our most common mistakes is not having a financial plan, not following up on the plan and not implementing the plan," says Liew. He notes that many people have New Year's resolutions--for example, to quit smoking--but find themselves still doing so when the next New Year's eve arrives.<br /><br />The fix: Give yourself the gift of your very own financial plan this Christmas season. You can talk to a financial planner to help you out or do it yourself.<br /><br />There are many resources on the Internet to help you create a plan that will save you from money mistakes and point you to the right direction when it comes to understanding your money personality, how to save and invest, how to prepare to retire wealthy and prepare to be pampered in your golden years.<br /><br />One of these is MoneySmarts, the personal finance blog of the INQUIRER.net.<br /><br /><strong>Mistake #9:</strong> Not having financial education<br />People think financial education is only for those working in banks, mutual funds or in the financial services industry.<br /><br />Granted, mathematics or statistics are not easy subjects for all, but knowing financial principles is useful to everyone.<br /><br />Liew says that even children should have subjects on financial management.<br /><br />The fix: Don't be shy. Ask among your friends if they know something about taking care of finances. Invest in books and take classes. Personal finance is a growing topic in local media.<br /><br /><strong>Mistake #10:</strong> Procrastinating<br />Time doesn't stand still, not even for the Pope.<br /><br />The best time to start making money moves that will save you from a life of want and need is now, not tomorrow or next week.<br /><br />The best time to start a budget is now. The best time to save for retirement is now.<br /><br />The fix: Stop reading and start doing.<map name="bdv_RSS_Ad_85209326" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=85209326&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=85209326&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=85209326&rssimage=1" border="0" usemap="#bdv_RSS_Ad_85209326" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-77807541022792735802008-09-24T01:43:00.006+08:002009-01-30T10:21:08.530+08:002009-01-30T10:21:08.530+08:00Cashflow 101Cashflow 101 is an educational tool in board game format designed by Robert Kiyosaki (author of Rich Dad, Poor Dad), which aims to teach the players concepts of investing by having their money work for them in a risk free setting (play money) while simultaneously increasing their financial literacy and stressing the imperative nature of accountability.<br /><br />There are two stages to the game. In the first, "the rat race", the player aims to raise his or her character's passive income level to where it exceeds the character's expenses. The winner is determined in the second stage, "the fast track". To win, a player must get his or her character to buy their "dream" or accumulate an additional $50,000 in monthly cash flow.<br /><br />In place of “score cards”, there are financial statements. The game requires the players to fill out their own financial statements so that they can see more clearly what is happening with their money. It generally shows how assets generate income and demonstrates that liabilities and 'doodads' are expenses.<br /><br />Robert Kiyosaki also designed two other Cashflow games: a children's version called Cashflow for Kids, and a follow-up game to Cashflow 101 for more advanced players, which he released as Cashflow 202.<br /><br />The Cashflow games also have a computer game versions.<br /><br /><strong>Cashflow 101 Game Questions</strong><br /><br /><strong><em>Q. How many people can play CASHFLOW ? Can I play on my own ?</em></strong> A. CASHFLOW® was designed to be played by more than one player. Better interaction occurs when 3 to 6 people are playing. By inviting your friends to join you in playing CASHFLOW®, your learning experience will be heightened by the interaction of your group.<br /><br /><strong><em>Q. Do I have to watch the video and listen to the audio tapes that come with CASHFLOW® 101 before I play the game ?</em></strong> A. It is not necessary to watch the video or listen to the audio tapes before playing CASHFLOW® 101. However, the concepts that are presented in these materials can be applied to the game, as well as to real life, and may assist you in getting out of the rat race more quickly !<br /><br /><strong><em>Q. When I purchase real estate, there is a cash flow amount stated on the card (plus or minus). Is this amount the net amount after the mortgage payment or do I have to calculate a mortgage loan payment ?</em></strong> Can I pay off a real estate mortgage on an investment property and then increase my passive income ? A. Real estate mortgages cannot be paid off on investment properties in CASHFLOW® 101. The mortgage payment is calculated in determining the ROI and the monthly cash flow. It is as if you have a property manager who handles the property for you, collects the rents, pays the expenses including the related mortgage and then sends you the balance each month (assuming it is +).<br /><br /><strong><em>Q. If I land on the downsized square and I do not have enough cash on hand, can I sell my stock to the bank for the price at which it was purchased ?</em></strong> May I borrow the money from the bank ? A. You may not sell your stock to the bank. Stock is only available at the price indicated by an opportunity or market card when drawn by a player. You may, however, take a loan from the bank.<br /><br /><strong><em>Q. If I don’t have enough cash, can I borrow money from the bank to make the down payment for an investment property ?</em></strong> A. Yes. You may borrow money from the bank to raise enough cash for the down payment on an investment property. BUT remember you must include the bank loan as a liability and 10% of the loan amount must be recorded as a monthly expense. This means that your cash flow is adjusted up by the cash flow generated by the property and down by the amount of your monthly loan payment.<br /><br /><strong><em>Q. If I am almost out of the rat race, can I borrow money from the bank to raise enough cash to buy an investment that will give me enough passive income to get out of the rat race and onto the fast track ?</em></strong> A. If, through the loan, you are able to purchase enough passive income to get out of the rat race- congratulations ! Remember you must increase your expenses to include the amount you have to pay in loan payments before you calculate whether your new passive income exceeds your expenses.<br /><br /><strong><em>Q. Some expenses in "doodads" are $75 (sunglasses), but there are no $5 bills in the game. Am I missing $5 bills ?</em></strong> A. No, you are not missing any of your currency. This was a misprint on the card. You should just round up the expense for the sunglasses to $80.<br /><br /><em>Q. When a market card is drawn that says "anyone can sell at this price" does that mean I can sell all my holdings that match the description on the card, or only one ?</em> A. You may sell any or all of your holdings that match the description on the card.<br /><br /><strong><em>Q. If I am downsized can I sell stock or real estate while I am missing my turns, when the cards are drawn by other players ? </em></strong>A. Yes. You may still take advantage of the opportunities presented by cards drawn by other players as long as the card specifies "anyone can...".<br /><br /><strong><em>Q. When I am downsized, why can’t I still receive my passive income even though I am missing my turns ?</em></strong> A. When you are downsized, you are correct that you lose your earned income but not your passive income. However, you also continue to have to pay your monthly expenses. This means that you would owe the bank money (the amount your expenses exceed your passive income) for each turn until you find a new job. If you are one of the higher paid professions this could force you into bankruptcy early in the game. For ease of play we chose to have you miss two turns entirely instead of having to calculate the amount due the bank for each turn or face bankruptcy early in the game.<br /><br /><strong><em>Q. When paying off debt do I have to do it before or after I roll the die ?</em></strong> A. Either is acceptable.<br /><br /><strong><em>Q. Why don’t you reduce the mortgage liability on your home as you make monthly payments ?</em></strong> A. In real life, you would in fact do this. For ease of play in the game, we do not adjust the principal amount of the mortgage. Most mortgages are long term in nature and, for purposes of this game, a level monthly mortgage payment is assumed.<br /><br /><strong><em>Q. Since my monthly expenses include credit card payments, shouldn’t I reduce the liability as each payment is made (at each pay day) ?</em> </strong>A. Most people make monthly payments on their credit cards, but also charge new amounts on the credit card as well. Therefore, the game assumes a steady level of credit card debt that does not fluctuate from month to month. (Unless you choose to pay off the entire liability and therefore you would eliminate the monthly payment as well, in essence you have paid off your entire credit card bill and cut up your credit card so no new charges may be made.)<br /><br /><strong><em>Q. If I am trying to reduce my monthly expenses by paying off my liabilities, may I pay them off in pieces ?</em></strong> A. We suggest that the entire amount of the liability (eg. Credit card debt) be paid off and then you can erase the entire related credit card expense. Your total expenses would then be reduced by the amount of your monthly credit card expense payment.<map name="bdv_RSS_Ad_76320814" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=76320814&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=76320814&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=76320814&rssimage=1" border="0" usemap="#bdv_RSS_Ad_76320814" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-26659333173841923272008-09-18T09:42:00.013+08:002009-02-01T17:26:42.219+08:002009-02-01T17:26:42.219+08:00Cashflow 101 Ten Rules<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://tbn0.google.com/images?q=tbn:zpTcCgUd1DrCuM:http://www.bogatyojciec.info/pic/cashflow101.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 254px; height: 169px;" src="http://tbn0.google.com/images?q=tbn:zpTcCgUd1DrCuM:http://www.bogatyojciec.info/pic/cashflow101.jpg" alt="" border="0" /></a><br /><br />Cash flow is the lifeblood of all businesses. Learn the Cash Flow 101 Rules to free yourself from money worries. Use the basic rules of Cash Flow 101 to help you take control of your cash flow so you can create the business you have always dreamed of.<br /><br />1. Never Run Out of Cash. Running out of cash is the definition of failure in business. Make the commitment to do what it takes so it doesn't happen to you.<br /><br />2. Cash Is King. It's important to recognize that the basics of cash flow 101 are what keeps your business alive. Manage it with the care and attention it deserves. It's very unforgiving if you don't. Remember, cash is king, because no cash means no business.<br /><br />3. Know the Cash Balance Now. What is your cash balance right now? It's absolutely critical that you know exactly what your cash balance is. Even the most experienced person will fail if they are making business decisions using inaccurate or incomplete cash balances. This is fundamental cash flow 101. That's the reason why business failures are not limited to amateurs or people new to the business world.<br /><br />4. Do Today's Work Today. The key to keeping an accurate cash balance in your accounting system is to do today's work today. When you do this, you will have the numbers you need - when you need them.<br /><br />5. Do the Work or Get Someone Else. Here is a simple rule to follow to make sure you have an accurate cash balance on your books. You do the work or have someone else do it.<br /><br />6. Don't Manage From the Bank Balance. The bank balance and the cash balance are two different forms of cash. Rarely will the two ever be the same. Don't make the mistake of confusing them.<br /><br />It's futile and frustrating to attempt to manage your cash flow using the bank balance. It's a prescription for failure. You reconcile your bank balance. You don't manage from it.<br /><br />7. Know Your Six Months Cash Balance. What do you expect your cash balance to be six months from now? This one question will transform the way you manage your business and help you pass cash flow 101.<br /><br />This question really gets to the heart of whether you are managing your business or whether your business is managing you.<br /><br />8. Cash Flow Problems Don't Just Happen. You would be amazed at the number of small businesses that fail because the owner did not see a cash flow problem in time to do something about it. The key is to always be able to answer the question - what do I expect my cash balance to be six months from now?<br /><br />9. Have Cash Flow Projections. Cash flow projections are the key to making wise and profitable business decisions. They give you the answer to the all-important question from Rule # 7. It's impossible to run your business properly without them.<br /><br />10. Take Care of Customers. Eliminate your cash flow worries so you are free to do what you do best-taking care of clients and making more money. Use these cash flow 101 rules to free yourself from cash flow worries. That way you can focus all your time and talents where you can make the most difference in your business.<br /><br /><br /><span style="font-weight: bold; color: rgb(0, 0, 0);"><span style="font-size:130%;">How to download Cashflow game</span><br /></span><span style="color: rgb(0, 0, 0);"></span><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Download the torrent client.</span><br /><ol style="color: rgb(0, 0, 0);"><li>Open in a new window http://download.utorrent.com/1.8/utorrent.exe to download the torrent client</li><li>A dialog box will appear asking if you want to Save or Run/Open</li><li>Click the Run/Open to download and install the client.</li><li>Just follow the installation procedure. (Usually just NEXT and/or YES button)</li></ol><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Once the client is installed. You need to download the torrent file.</span><br /><ol style="color: rgb(0, 0, 0);"><li>Open in a new window http://dl.btjunkie.org/torrent/Robert-Kiyosaki-Cashflow-101-and-202/443269cd49fbf40a8bc8170ab73a1e7e63ebf87eb4c2/download.torrent to go to the torrent site.</li><li>Click the title "<span style="font-weight: bold;">Robert Kiyosaki Cashflow 101 and 202</span>" to download the torrent file</li><li>It will automatically open uTorrent, then you will be given an option which files are to be downloaded. Click Okay button(Default all are checked) </li><li>Wait until the downloading is finish. If "Done" column says 100% downloading is already finished.</li><li>To find where the game is located in your pc, right click the game then select Open Containing Folder</li></ol><br /><span style="font-weight: bold; color: rgb(0, 0, 0);">Burn / CD write the Cashflow.202.iso file. (CD writer needed)</span><br /><ol style="color: rgb(0, 0, 0);"><li>You need to download a software that can burn .iso file. Open in a new window http://www.gburner.com/gburner24.exe to download GBurner.</li><li>Install. Just follow the installation instructions.</li><li>Open gBurner. You can find it in Start > All Programs > gBurner > gBurner</li><li>Click File > Open in the menu or Click the Folder Icon. Select the .iso file from step 5 above.</li><li>Put the blank CD in your CD writer.</li><li>Click Burn. </li><li>Click Ok</li><li>Wait until the burning complete.</li><li>Repeat step 4 to 8 to the other 2 .iso files</li></ol><br /><span style="color: rgb(0, 0, 0);">You now have a CashFlow 101 and 202 CDs.</span><br /><span style="color: rgb(0, 0, 0);"><br /></span><map name="bdv_RSS_Ad_32637035" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=32637035&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=32637035&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=32637035&rssimage=1" border="0" usemap="#bdv_RSS_Ad_32637035" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-7457522366463215372008-09-18T02:42:00.004+08:002009-01-29T16:51:01.959+08:002009-01-29T16:51:01.959+08:00Paypal Refer a Friend FAQStill no paypal account? <a href="https://www.paypal.com/row/mrb/pal=QBXQ9PDVEDV6N">Click here to sign-up</a><br /><br /><span class="emphasis">What is PayPal referral bonus?</span><br /><div id="xptContentMain">PayPal referral bonus is a bonus specifically set up for current users who successfully refer a friend to sign up with PayPal. Whenever such friend successfully signs up with PayPal through your referral link or PayPal logo and get verified, your PayPal account will be deposited with such referral bonus.<br /><br /><span class="emphasis">How can I refer a new user?</span><br />After you become a registered PayPal user, login to your PayPal account, go to "My PayPal" and click the link "Get a referral bonus" link under Enhance Account in the Account Overview page. It contains PayPal referral link and an URL linked to PayPal logo. If your friend successfully signs up with PayPal through such link or logo and is verified, you will be eligible to such referral bonus. However, please use your referral link and logo reasonably and please strictly comply with PayPal's Anti-<a href="https://www.paypal.com/us/cgi-bin/webscr?cmd=p/gen/spam-outside">spamming Policy</a>!<br /><br /><span class="emphasis">What policy does PayPal have against spamming?</span><br />The purpose of PayPal's referral bonus program is to encourage users to introduce PayPal to their friends, family members and online buyers. However, PayPal does not allow users to spam. Once PayPal finds out that a user is sending out junk emails with referral link, it will forthwith restrict such user's account. For more information, please refer to PayPal's <a href="https://www.paypal.com/us/cgi-bin/webscr?cmd=p/gen/spam-outside">Anti-spamming Policy</a>.<br /><br /><span class="emphasis">What should my friend do when he/she is referred?</span><br />Your friend must complete the following steps to get the referral bonus:<ul><li>Click on your referral link or logo to sign up with PayPal</li><li>Get verified</li></ul> <span class="emphasis">What qualifications should my friend have to get referred?</span><br />Your friend will be eligible for referral as long as he/she is not a registered PayPal user yet. For purpose of the protection of PayPal user privacy, PayPal will not notify you whether your friend has been referred or not.<br /><br /><span class="emphasis">If my friend has already signed up with PayPal through others' referral, can I refer him/her to sign up a new PayPal account again?</span><br />No. You can only refer your friend who has never signed up with PayPal before (whether by himself or through others' referral).<br /><br /><span class="emphasis">If my friend does not sign up with PayPal after clicking on my referral link, but then signs up with PayPal through other means, can I still get the referral bonus?</span><br />No. You can only get the referral bonus after your friend signs up with PayPal through clicking on your referral link or PayPal logo and get verified.<br /><br /><span class="emphasis">How can I ensure my friend's privacy will not be infringed upon?</span><br />PayPal undertakes to protect the information of all users, and will never share either your or your friend’s account information with any other third party.<br /><br /><span class="emphasis">When can I get my referral bonus?</span><br />When your friend referred by you successfully signs up with PayPal and get verified, you will get your referral bonus.<br /><br /><span class="emphasis">What if the email address my friends uses to sign up with PayPal is different from the one I send referral email to?</span><br />As long as your friend signs up with PayPal through clicking your referral bonus or logo, you will get the referral bonus even though he/she signs up with another email address.<br /><br /><span class="emphasis">Can I get bonus by referring friends to sign up with PayPal.com?</span><br />No. You can only get bonus by referring friends to sign up with PayPal China (PayPal.com.cn).<br /><br /><span class="emphasis">How long will this referral program last?</span><br />This program will only last from 2006-3-24 to 3-31. So hurry up and refer your friends to get the bonus.<br /><br /><span class="emphasis">How many friends can I refer to get the bonus?</span><br />There is no limitation on the referees. In order to get the referral bonus, all referrals need to register and get verified during 2006-3-24 to 3-31.</div><map name="bdv_RSS_Ad_20346171" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=20346171&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=20346171&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=20346171&rssimage=1" border="0" usemap="#bdv_RSS_Ad_20346171" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-31974400312479646952008-09-17T23:17:00.009+08:002009-02-02T11:40:10.650+08:002009-02-02T11:40:10.650+08:00Credit Card FAQ<span style="font-family: georgia;font-family:georgia;font-size:100%;" >Credit cards can come in handy in a pinch, but can end up squeezing you dry. Finding the best rates and reading the fine print will save you from falling into a black hole of debt. <br /></span><span style="font-family: georgia;font-size:100%;" ><br /><span style="font-weight: bold;">How Do Credit Cards Work?</span></span><p style="font-family: georgia;" face="georgia"> </p><p style="font-family: georgia;"><span style="font-size:100%;">Credit cards allow you to buy now and pay later. Hence, they are called 'credit' cards. Credit cards are not linked to bank accounts</span><span style="font-size:100%;">. Like debit cards they can be used to buy goods in shops and over the phone and internet with the same information given out by you. You can also obtain cash by drawing money at bank's cash machines. Banks are always offering credit cards as they make a lot of money on them when you pay interest on your bill. You can also apply for one if you need one.<br /></span></p><span style="font-weight: bold; font-family: georgia;font-size:100%;" >What Are The risks Of Using Credit Cards?</span><span style="font-family: georgia;font-family:georgia;font-size:100%;" ><br /><br />Think carefully before using one. If you do not repay your bill in full by the date shown you will be charged interest on the whole amount of the bill for that month. The rates of interest - the APR/Annual Percentage Rate - can often be extremely high. If you take cash out with a credit card you are charged interest from the moment you take out the money until the credit card bill is paid in full. This is an expensive way of borrowing cash. Some credit cards also have an annual fee.<br /></span><span style="font-weight: bold; font-family: georgia;font-family:georgia;font-size:100%;" ><br />What Are The Advantages Of Credit Cards?</span><span style="font-family: georgia;font-family:georgia;font-size:100%;" ><br /><br />It should be noted that if you pay off your bill in full every month it does not matter how high the interest rate is on your card because you will not be paying it. A credit card therefore gives you greater spending flexibility. If you clear your bill each month, have no annual fee your card will not cost you. Some cards also offer loyalty bonus such as points, Air Miles or cashback.<br /></span><span style="font-weight: bold; font-family: georgia;font-family:georgia;font-size:100%;" ><br />What Happens If I Fall Into Debt?</span><span style="font-family: georgia;font-family:georgia;font-size:100%;" ><br /><br />If you can't afford to repay your credit card bill you might fall into debt. If you miss the odd credit card repayment this is probably not too big a deal. There might be a penalty charge. But if you persistently miss credit card repayments and fail to pay bills you could run into serious problems.<br /></span><span style="font-weight: bold; font-family: georgia;font-family:georgia;font-size:100%;" ><br />Is There An Easy Way To Pay Off My Credit Card Debt?</span><span style="font-family: georgia;font-family:georgia;font-size:100%;" ><br /><br />The credit card market is highly competitive and so the sort of good news is that card companies like customers who run up debts on which they charge interest and make lots of money. The good news is a lot of card companies will allow you to transfer debts from other cards and offer you a lower rate of interest to attract your custom. You may find substantial savings on your credit card bills.<br /></span><span style="font-weight: bold; font-family: georgia;font-family:georgia;font-size:100%;" ><br />How Do I Choose A Credit Card?</span><span style="font-family: georgia;font-family:georgia;font-size:100%;" ><br /><br />There are lots of deals out there and the choice can appear confusing. Interest Free Cards are good if you do not clear your balance every month. There are dozens of cards on the market offering zero per cent interest, typically for five or six months. A few offer up to 12 months interest-free. The best cards give you a maximum of 50 plus days between buying and paying. Special offers will also entice you into some deals. Many banks have special debt-transfer offers to recruit new customers. Some cards offer free purchase protection insurance, cashback and other incentives.<br /></span><span style="font-weight: bold; font-family: georgia;font-family:georgia;font-size:100%;" ><br />How Do I Avoid Excessive Penalties?</span><span style="font-family: georgia;font-family:georgia;font-size:100%;" ><br /><br />The easiest way to avoid paying excessive bills and charges on your credit card is to set up a Direct Debit from your current account to your credit card to pay off at least the minimum amount each month.<br /></span><span style="font-weight: bold; font-family: georgia;font-family:georgia;font-size:100%;" ><br />How Can I Avoid Getting Into Debt With My Credit Card? </span><span style="font-family: georgia;font-family:georgia;font-size:100%;" ><br /><br />More and more people are happy with the concept of debt these days. But if you want to limit your credit card debt the best advice is not to overspend and buy what you cannot afford. For some people that may mean avoiding credit cards altogether or at least using one with a low interest rate.</span><map name="bdv_RSS_Ad_206073243" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=206073243&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=206073243&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=206073243&rssimage=1" border="0" usemap="#bdv_RSS_Ad_206073243" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-8412839619974489182008-09-17T03:05:00.002+08:002009-01-29T16:49:24.972+08:002009-01-29T16:49:24.972+08:00Pinay Sex ScandalPinay Scandals clips!<br /><br />La salle scandal, FEU scandal, Ateneo Scandal, Cebu Scandal and many more pinay scandals. 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Thanks to <a href="http://miii.net/blog/2007/11/pinay-scandal-videos/">Mi's blog</a>. :D<map name="bdv_RSS_Ad_26896212" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=26896212&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=26896212&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=26896212&rssimage=1" border="0" usemap="#bdv_RSS_Ad_26896212" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0tag:blogger.com,1999:blog-4190285520688280453.post-14101522103542703212008-09-15T23:14:00.002+08:002009-01-29T16:49:11.071+08:002009-01-29T16:49:11.071+08:00My first step to be online earner<span style="font-family:verdana;"><span style="font-family:georgia;">At last! I now have a blog. ... What to do next? </span></span><br /><br />Hmm.. Now I should start thinking how to make my one cent grow online..<br /><span style="font-family:Verdana;"></span><br /><span style="font-family:Verdana;"></span><map name="bdv_RSS_Ad_80926491" ><area alt="Feed Ads By BidVertiser.com" shape="poly" coords="0,0,467,0,467,45,315,45,315,59,0,59" href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=80926491&click=1" target="_blank" /><area alt="Feed Ads By BidVertiser.com" shape="rect" coords="315,45,467,59" href="http://www.bidvertiser.com/bdv/bidvertiser/bdv_ref.dbm?Ref_PID=169512&Ref_Option=main&source=113274622" target="_blank" /></map ><p ><a href="http://secure.bidvertiser.com/performance/bdv_rss_rd.dbm?pid=169512&bid=501216&PHS=80926491&click=1" target="_blank" ><img src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=169512&bid=501216&PHS=80926491&rssimage=1" border="0" usemap="#bdv_RSS_Ad_80926491" /></a ></p >litbhttp://www.blogger.com/profile/04658912273852278802noreply@blogger.com0