7 Reasons to Pay Yourself First

Written by Diann Cannon


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Many financial experts recommend investing at least 10% of our gross income into something that can actually make money. That means finding an investment opportunity that will earn money for you on your behalf. Some people choose real estate, somerepparttar stock market; if that's just way too risky for you, then consider bonds or some other safe investment. I recommend George Clason's book entitled "The Richest Man in Babylon" for a no-nonsense approach to financial planning and personal prosperity. For information on how to purchase Clason's book, click here: The Richest Man in Babylon Practicality and reality rule! When we are truly fiscally responsible, we do not do things that can jeopardize our financial health. More torepparttar 111981 point, we will not forego saving or buy things we cannot afford because we are fully knowledgeable of our financial circumstances and responsive to our best interests. We live within our means. One secret to success is modeling what other successful people do. Most every successful person I've ever met saves at least 10% of their income and invests it. Create your own success story. I cannot tell you how many times people have looked at me, given me an impish grin and said, "I wish I could do that, but I barely make my bills as it is." The truth ofrepparttar 111982 matter is that you will never miss $1.00 out of $10.00 or $10.00 out of $100.00. So my suggestion is no matter how much or how little money you make, do it!

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ACTIONBegin now by first opening an extra bank account. Take 10% from you next paycheck and put it in this account. Continue to do this with every paycheck you get. You are going to be so pleased this time next year when you seerepparttar 111983 reserve of money you have set aside. Talk about peace of mind!

Diann Cannon, founder of Signals Personal and Business Coaching, works with individuals facing major life transitions, such as divorce, unemployment or career change. She helps them identify their strengths and confront limiting beliefs and behaviors. Ultimately, she helps people achieve success and balance in their business and personal lives. Contact Diann and sign up for her newsletter at http://www.signalscoach.com.


Credit Enhancements: Seven Tips For Enhancing Business Credit Transactions

Written by George A. Parker


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5. When considering using credit enhancements to improve your transactions, use these guidelines: try to get a fair and objective assessment of your credit profile andrepparttar inherent transaction risks from a knowledgeable credit person; take inventory ofrepparttar 111980 possible credit enhancements your firm can provide; evaluaterepparttar 111981 cost of possible enhancements to decide whether using them will be worthwhile; if there is time and opportunity for a second chance to present your transaction torepparttar 111982 credit provider, present it first withoutrepparttar 111983 credit enhancement or withrepparttar 111984 minimum enhancement you think acceptable; ofrepparttar 111985 credit enhancements available to your firm, decide which ones will be effective andrepparttar 111986 degree of enhancement necessary to achieve your objectives.

6. It helps to develop a credit enhancement strategy inrepparttar 111987 planning stage of your transaction. Start by understandingrepparttar 111988 transaction’s credit strengths and weaknesses. Decide which enhancements available to your firm will help strengthenrepparttar 111989 risk profile ofrepparttar 111990 transaction. Try to assessrepparttar 111991 credit provider’s sensitivity to various types and degrees of credit enhancement. Later, ifrepparttar 111992 credit provider turns down your transaction or proposes unacceptable terms, askrepparttar 111993 provider to suggest enhancements that will make a difference inrepparttar 111994 decision. You may be able to negotiate further, once you have this information.

7. All credit enhancements have a cost. In many instancesrepparttar 111995 cost isrepparttar 111996 opportunity cost of not havingrepparttar 111997 credit enhancement available for future use. Before offering or providing a credit enhancement, do a thorough cost-benefit analysis to make surerepparttar 111998 potential benefit is worthrepparttar 111999 cost to your firm.

Though it is not always possible to enhance a credit torepparttar 112000 satisfaction of credit providers, you should understandrepparttar 112001 value of credit enhancements and know when they may be useful. By carefully considering potential credit enhancements, you can often improverepparttar 112002 pricing and terms of your firm’s credit transactions. If your firm has a weak credit profile, use of a credit enhancement might makerepparttar 112003 difference between obtaining financing or being rejected.

George Parker is a Director and Executive Vice President of Leasing Technologies International, Inc. (“LTI”). Headquartered in Wilton, CT, LTI is a leasing firm specializing nationally in equipment financing programs for emerging growth and later-stage, venture capital backed companies. More information about LTI is available at: www.ltileasing.com.


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