MONEY MASTER

The year 2010 has almost come to an end. Like I mentioned just a year back in Setting Financial Goals for Year 2010 , we should also start setting financial goals for the year 2011. Again the same advice, financial goals are needed so that we can control our day-to-day financial affairs which will be executed by creating and following a budget. Good financial goals are usually realistic and achievable and will give satisfaction to one. Good financial goals also come with good execution plan, without this execution plan, no matter how good financial goals are, these goals will still remain as goal. However, before moving to the year 2011, let us start looking back on what are the financial goals that we set for the year and gauge the overall performance. For the year 2010, I have set 3 major financial goals:- Continue tithing Clearing 10% debt for both car loan and education loan Stocks portfolio to grow another 20% Out of the 3 financial goals, two of the goals are to be done habituall...

During last year's Christmas, my advice was for everyone to spend wisely and some tips to cut spending without missing the point of celebrating Christmas, which is to give. This year, the advice is still the same, spending wisely during the Christmas. As I was quite busy for the whole preparation, I will be blogging more on financial stuff after this Christmas. So, Blessed Christmas and Happy Holidays !

Here is an inspiring story on financial bailout that I get from a forum and thought of sharing it in this blog while planning my financial goals for the year 2011 since for the past two years, we heard a lot of financial bailout, but do we really know what it is and how it works? I hope the story can provide more knowledge for us on the financial bailout which is happening over the past two years. It is a slow day in a damp little Irish town. The rain is beating down harshly, and all the streets are deserted. Times are tough, everybody is in debt and everybody lives on credit. On this particular day a rich German tourist is driving through the town, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night. The owner gives him some room-keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher. The butche...

Some of us rely on radio to sleep our baby, but sometimes it is hard to put the radio around the toddler because he or she will mess around or play with water which will spoil the radio. To avoid the mess, we need to get waterproof radio which can help eliminate the worry of putting the radio next to our baby and then come back only to realized it is broken.