Constantly Planning to Get Out of Debt

Having a constant plan to get out of debt will help you keep your finances in order.

When you keep your focus on your debt and money situation, you are able to better control it.

Most advisors will tell you that you need to be debt free. Yes, that is the ultimate goal, but for many people, it isn’t exactly reality. There are situations, like buying a home, in which you have to accept debt.

There is good debt and bad debt. Good debt is debt you can afford and bad debt is debt you can’t afford. That’s all there is to it. If you can afford your mortgage, car payment and RV payments, then it is alright. If you can’t, then it isn’t good debt.

When it comes to credit cards, however, they are bad debt, regardless. You will eventually reach a point where you can’t afford them. That is almost guaranteed.

The key is to constantly work to paying off yoru debt. Start with your credit cards and high interest loans. Focus on paying off the cards with the highest interest rates to start with. This will save you money in the long run.

Once you have all of your credit cards and personal loans paid off, start working towards your autos and student loans. I like to focus on what has the lowest balance to pay off first. This helps you knock things off rather quickly — adding to your gratification. If everything is about equal in balance and interest rate, I pick the highest monthly payment.

When you pay off a high monthly payment loan, you free up more money to put towards the next debt.

When you have your cars and student loans paid off, the next thing you have is your mortgage. You can be working on your mortgage throughout the process as well. By adding as little as $100 a month to the average mortgage, you can knock several years and thousands of dollars off the mortgage.

That’s the overall game plan. But be aware that it can change.

For example, you may find that you are in a situation in which you must have a new, reliable vehicle. You don’t want to spend your emergency savings. The only debt you have is your mortgage. You are able to afford the monthly payments, yet plan to pay it off as quickly as possible. Then go ahead and finance a reasonably priced vehicle. Transportation is very important for work, school and other obligations.

What you must do is adapt your debt-reduction plan around the new car payment. Although you have added debt, it doesn’t mean that you still can’t work to be debt free.

Financial management is built around the idea that you must be flexible and able to adapt to the situation with smart choices. Too many people believe that there is a right way and a wrong way. That isn’t necessarily true.

Viral Marketing Tips

Viral marketing is a technique that is used by many people, yet it is still relatively unknown. Many people hear the words viral marketing or viral traffic, and think that it has something to do with a virus. Fortunately, viral marketing and viral traffic have nothing to do with people spreading viruses via email, etc.

Viral marketing is simply defined. It is any strategy that is implemented to encourage people to pass on a marketing message to others; which in turn creates the potential for growth and more people seeing your message. Viral marketing also increases targeted traffic.

The only way viral marketing is similar to a virus is in the way it can expand and replicate at a very quick pace. This can cause for viral traffic to pick up, and your marketing message to reach a lot of people in a short amount of time.

Before you begin a strategy to increase viral traffic or targeted traffic you must understand that some strategies work better than others. But if you put the proper amount of research into your viral traffic strategy you will increase your odds of coming up with a successful program. There are a couple of important tips that you should keep in mind when trying to increase viral traffic, they are as follows:

1. The most important aspect to remember when trying to increase viral or targeted traffic is to give something away for free. Everybody likes free stuff, and if you are giving something away that people like there is a better chance that your recipients will pass on your marketing message. The word free alone will increase your viral traffic. As far as how long it will take to increase traffic is not as easy to determine. Some viral marketing programs take off right away, where as others build slowly. It all depends on your strategy, and what you are giving away.

2. To increase viral traffic you must also make sure that your message is easily transferable from one person to the next. You will never increase your viral traffic if you have to depend on somebody else to pass along your information. It should be automatically done via email, websites, or even software downloads. The bottom line is that you need to make sure your viral marketing message is concise, to the point, and easily transferable.

3. Before putting a strategy in place to increase viral traffic you will want to make sure that you can handle the traffic and requests that come along with it. This goes along with doing your research before starting. If you cannot handle the new viral traffic, all your hard work will mean nothing in the end.

4. One of the easiest ways to increase viral traffic is to use existing networks. In other words, implement your strategy to touch base with people who will be interested, and therefore pass your information onto other people in their network. This will ensure that you get a good group of targeted traffic to take notice of your project. You need to be giving away your free gifts to people that will use them, so targeted traffic is very important. By working within a network you will have a better chance of driving up targeted traffic, which will help your strategy spread.

5. Do not rely on yourself to do all of the work when it comes to attempting to increase viral traffic. Even though you will be putting the overall strategy into effect, you should still be able to use other resources to increase targeted traffic. Affiliate programs and press releases are two great ways to increase targeted traffic without having to put in too much work.

Overall, viral marketing is a great way to get exposure and increase profit. If your strategy does a good job of bringing in targeted traffic there is no reason that you should not be able to accomplish the goals that you have set forth.

Business Building vs. Opportunity Chasing

A business builder envisions what they want their business to become. The vision eventually becomes a plan based on analysis of personal and competition strengths and weakness, the marketplace, and strategies of ways and means to materialize the vision.

Opportunity chasing is an invitation to under achieve because time is spent looking for and trying out the best deal on the hottest trend instead of building business with strategy focused on product line congruent with personal values, business growth, and the customer base that drives it. While all these characteristics may be present in any opportunity, analysis of how your time and money converts to Return On Investment (ROI) may not be clear.

With no other test but whether or not it can make some money as soon as possible, opportunists chase the elusive get rich quick easy promotions. Although sales and network matrix building are important business assets, what opportunists tend to overlook are basic long-term strategic plans.

Instead of chasing opportunities, business builders tend to analyze and develop them. Business building whether on or off the internet requires a variety of skills that must be developed for any specialized but profitable segment of a market or niche. Therefore, one main difference between business building and opportunity chasing is how leverage is used.

Opportunity seekers tend to choose offers that appear to be do-able from their personal effort as part of a team or network of affiliates which begs the question, who is leveraging whom? Conversely, the business builder tends to select only product and service opportunities that support a scalable business where personal time and ROI can be leveraged for profit.

Network or matrix marketing is geared to out-task work up and down the lines of the network. While this certainly generates a flow of money for products and services, any real or perceived long term benefit to participants may be significantly less than expected.

In theory, ROI compels many opportunity seekers to do the same thing as everyone else. In practice, they end up trying to do it longer, faster, and smarter than everyone else with a net result of diminishing returns or lower ROI and their expectations shattered by apparent under achievement.

On the other hand, business builders out-source instead of out-task to quite simply continue to add value to their time instead of having it fixed or decreased by matrix limits. The measurable difference between out-sourcing and out-tasking is whether your time produces an increase or decrease of your return on investment. The h4h.biz site was set up to teach business building by involving participants as co-authors in ebook projects.

In theory, ROI should produce a win-win outcome. Unfortunately in practice, it differs more often for opportunity chasers than business builders. Opportunity choosing and business building are both important activities, but one without the other is like a car without gas, a nice ride but doesnt go very far.

Avoid Stamp Duty Tax – last two months!

Hurry, hurry! Only two months left to avoid stamp duty!! (unless the Government extend the tax cut offer)

Back in September Gordon Brown announced that properties costing less than 175,000 will be exempt from stamp duty until the end of December 2009.

Of course this really only helps if you’re planning on moving or buying for the first time and personally I can’t see many existing homeowners moving under the 175,000 price band.

The average UK house price is around 164,000 and before the stamp duty holiday buyers paying from 125,000 to 250,000 must pay 1 per cent stamp duty tax.

The Government figures are a cut of around 600 million which equates to a maximum saving of 1,750 for people taking advantage of the stamp duty holiday; most likely first time buyers. 1,750 is not to be sniffed at when it comes to house moving costs; the average house move costs around 8,000 – 10,000. The costs for conveyancing can be around 1,200 so a cut back in stamp duty could easily cover the cost of a good conveyancing solicitor.

Gordon Brown said; “Homeowners need to know that we will do everything we can to keep the housing market moving forward.”

“Help with stamp duty, help for first-time buyers, help to build more social housing, help to take unsold properties off the housing market and help for people who get into difficulties.”

“These are the things a government should do to help us come through what is a difficult situation and show that our economy is resilient and will come through these problems.”

I should think so too – It’s really is the very least that should be done considering it’s the Government and UK banks that got us into the recession in the first place.

My only worry about this is that house prices fell for a very good reason – house prices were far too high; people couldn’t afford them. House prices are still now many times more than the average UK salary. Encouraging people to buy houses with mortgages they cannot afford surely is part of the recession cycle starting up again!?

Nathan Jones writes for the cheap conveyancing quotes a UK conveyancing web site offering FREE online conveyancing quotes, in just 10 seconds.

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