mightymikerichards.com

Posts Tagged ‘planning’

SOME recent years Americans have the economic crisis. The concept of financial risk caused the stock price goes up and down. All financial risk is unfolding in the news. However, many people risk hidden in their personal finances, including:

1. Divorce
When marrying your finances certainly join with a partner. But if this becomes complicated divorce. In addition to end a marriage requires a huge cost. Call it in America, the average divorce costs ranging from U.S. $ 15 thousand to U.S. $ 25 thousand. In addition to the exorbitant financial cost, divorce is painful and emotionally stressful.

How to avoid the financial risk of divorce is when starting a prenuptial agreement specify how each of your assets and your partner are protected. Be sure not to talk at length about finances and financial goals before marriage.

2. Don’t have an  insurance
More than 50 million Americans have no health insurance. When they lose their jobs and suffer from certain diseases, can not afford the fee. Assuming they do not buy insurance and individual coverage was considered too expensive. Medical bills are the cause of 60 percent of bankruptcies in America. Read the rest of this entry »

The topics would be discussed on this occasion is the relationship between health and finance. Maybe you’ve heard the proverb says that ‘Health is the most precious treasure’. This proverb TRUE once. Because we can do all our daily activities, making a living and managing finances, it is because we are blessed with a healthy body.

Without health, we can not go into the office to work. When we are sick constantly, our boss will be angry, or perhaps even dismiss us from the job now. As a result we could lose our revenue sources.

Costs incurred to treat illness should also not cheap. Physician costs, drug costs, especially if the disease is quite severe, so must stay to the hospital. All these costs would undermine our finances. Not a few people who become poor because of falling ill. Surely we do not want this to happen to us. Read the rest of this entry »

One of the plans in a nuclear family must be prepared for the future interests of the family is planning a legacy. It becomes something that is important, because often the division that it is less fair to the heirs, if not prepared in advance.

Planning is the legacy of the planned activities of a family when a father has been or will die, so in the presence of a clear division of property to heirs or to the mother / wife, they were expected to live well despite having left her husband as a source of family livelihood.

If menggunakkan patrilineal system, then the father’s death will cause legacy. Male offspring will inherit the most eligible compared with the women. If menggunakkan matrilineal system, then the mother’s death will cause legacy. Female offspring will have greater rights than the men. There is also a mixture of patrilineal and matrilineal menggunakkan. In this case there are similarities and sometimes associated with the norms and religion that is believed. Read the rest of this entry »

Investments must always be associated with risk. Surely you’ve heard the term “high risk high return”. Everyone will want to maximize the benefits of investing. There are some things that serve as guidelines for selecting an investment, so that no one choose who can cause us to lose.

Among them are:
• Know the level of risk that you bear.
Any investment decision should consider the risks and benefits. To obtain greater benefits, you must be ready to bear great risks as well. Conversely, the lower the risk borne by, the lower the level of benefits that can be expected.

• Know Your Investment Time period
The term of your investment can assist you in determining some major risks that can be borne. In general, people who invest for the long term may bear a greater risk. This is due to investment in stocks experiencing high fluctuations from year to year. But the average profit rate for long-term stable. Read the rest of this entry »

Strategic Management can be defined as a set of decisions that result in a formulation and implementation are designed to achieve the goals of a company.

Some important part of strategic management, namely:
1. Determining the mission and vision, including philosophy, and the target company.
2. Create an analysis to describe the condition or capacity of the company’s internal
3. Determine and analyze the choices that are owned by the company, including internal and external for the neighborhood that could affect the company
4. Identify a way to evaluate each option according to the company’s mission and vision
5. Define a set of long-term goals and key strategies that will generate the most profitable option.
6. Develop annual goals and short-term strategy consistent with long-term goals
7. Implement strategies that have been selected through the allocation of resources is budgeted in which the adjustment between work tasks, people, structure, technology and reward systems are emphasized.
8. To evaluate the results of the implementation and success of the strategic process for subsequent decision-making basis Read the rest of this entry »