Money management is like accounting, taking note of the ins and outs of money. You need to know that in business, without doing this money management you will be bound to fail. So what is this management about, I should define it in a more personnel way.

Every month we will get an income by working for someone, for example you get $2,000/month as salary. You must know how you are going to manage that monthly income, this is what I will do. 10% will be going to savings, 10% on investment, 10% on spending, 10% on education, 10% on giving, 50% on necessities.

Savings is to make sure you pay yourself first. A lot of people, especially the younger generations uses all their money before they even sees them. This is living dangerously on credit, that is also why the huge financial banks like CitiGroup, Lehman Brothers and AIG are facing huge credit problems, because they do not have cash on hand.

Investment is to grow your money. This is what it will be growing as years goes by, this will be growing so huge that someday you only need to use 2% of your income as necessities. What you have to do is to make sure that your investment grows at least 8 ~ 20 % annually.

Education is for yourself to keep on learning and improving. This is like the investment, just that you are investing in yourself.

Spending is a must, because if you deprive yourself from loving yourself, you will not continue on the money management.

Giving is to give back to the universal what you have received.

Necessity is what we need to eat, pay rent, pay tax, etc. That is why its the largest percentage, but it will decrease gradually, if you faithfully invest 10%.

What I want to say is that if you are not able to manage your money, you can forget about managing your business money. So this is the start. Do it today!

Do comment on the the above post if you have anything to add. As I am sharing on internet marketing strategy with all the people in the world. Cheers and be successful online.

The economy of the world is now in chaos, company sacking off not just hundreds but tens of thousands to cut cost. As company still has to advertise their service or products, their marketing budget has decrease. The frequency of advertising per month would have decrease from 30% ~ 50%.

The question is where will the company while decreasing the marketing budget, still expecting the same sales result or even better? The answer is internet marketing!

Why? It feeds the company’s current goal of decreased marketing budget, and better yet getting to promote to the whole world on your service or product. Thus getting traffic from more people rather than people in your country.

Rather than using traditional method of doing business, franchise or multiple-level marketing business. The company would earn all the profits without any reseller, franchisee or down-line. This is almost a 100% profit earn through internet marketing. This is the current global trend and its bringing the whole world to a new level of marketing.

Well, the ones who are sacked can also do internet business as well. The main advantages are:

1. Low in Capital,
2. Easy to reach targeted consumers,
3. Low in cost,
4. Multiple ways to drive traffic,
5. Low rental (web hosting),
6. No employees needed,
7. Easy to set up

Start doing it now, you will see the result.

Come check out my new post on how it can be done on offline business, and do comment on the the above post if you have anything to add. As I am sharing on internet marketing strategy with all the people in the world. Cheers and be successful online.