Posts Tagged ‘debt’
There is one interesting business advice that is taught by Robert T. Kiyosaki, author of “Rich Dad, Poor Dad”, who became Best Seller. Tips that reads, “After we successfully build a business then do not forget to buy the property. In addition we have an income from the business that we run, we also benefited from the gain will increase the value of the property “. I think, right Kiyosaki. Advice was actually the key word is the cause, why the rich get richer. Because rich people are always smarter to buy the property that each time will continue to multiply in value, that’s what makes it richer.
However, long before reading the book, as an entrepreneur I’ve been practicing it since the first. Therefore, there is additional advice I can give to you in buying the property from the profits that you build a successful business. Business proposition reads, “If you intend to buy property, not according to the capability of available funds. Even better buy a property with bank debt. Therefore, the less money you spend to buy the property, the greater your advantage “.
Clearly, if we had a fund of Rp 400 million do not buy a property fund worth fitting that we have. Did not buy a property does not have cash. Can the credit. So should you solve it RP 400 million for four properties, each instance you simply purchase a down payment of Rp 100 million, the remaining USD 300 million from the bank. Well, if you only buy one property valued at USD 400 million, then five years later you will only receive its profits doubled the price of one property only. But if four properties, five years later of your property which was originally 400 million has doubled to Rp 2 billion. So the four properties to be 8 billion.
Perhaps you ask, why buy a property with debts of more profitable? It helps us see the business advice from Dolf De Roos, consultant Robert T. Rich dad Kiyosaki in his book, “Real Estate Riches” Dolf wrote, “I do not buy a property to buy land, Karenina unproductive. I do not buy property for the building because it needed maintenance. And, I do not buy a rental property because it needed management. The strongest reason I bought the property is to get the debt. The reason is simple, “The amount of debt is always the same, but the asset values ??continue to soar”.
With business picking advice, my advice, we should not be afraid owed to the bank to buy the property. Change your mindset, that debt would be inviting trouble for you. It is to learn to foster confidence in the debt so-so start with a small value. But, once you succeed you are not seeking debt to the bank, but banks that would seek to take your debt.
Nothing wrong with that necessarily arise among entrepreneur joked that, “if you dare debt of Rp 50 million, you are have a problem. But if you dare to Rp 50 billion debt. Bank which will have a problem. Believe me, the more often we dare debt, banks will increasingly come to believe in our business. “You dare to try?
Peter F. Ducker argues, that everyone can have a career to be an entrepreneur. “There’s nothing mysterious,” he said. Possibly, the entrepreneur’s life easier a few years ago. Where, as customers make the neighbors so easy. But I think, now it is different. Market demands more and more, and quality must be increased. That if we want to live.
But I am sure, if when we want to pursue a career as an entrepreneur prospects are very good and very broad. That is, anytime we can start a business. And, we can sell any product or service. Being, what kind of business we can do, of course, also depends on our ability.
However, from a survey revealed that on average approximately 44% of entrepreneurs who engage in the business world for over 6 years, has had some kind of business that are not interconnected or overlapping. While 35% longer entrepreneurs only have one type of business, and 21% more have some kind of business that still there is a link or circuit.
So how can we become a successful entrepreneur? From experience, I saw that there are 4 characters a person can become a successful entrepreneur, namely the First, the desire. Where, he uses his desire for something big from small things. There was also a desire to make something that has not existed before, and do the will in accordance with the way they want to do.
Secondly, there is intuition. The opportunity to become entrepreneurs is the same for everyone. There is no IQ test. In fact, if we are not smart even if it does not prevent to become entrepreneurs. That is, every successful entrepreneurs are those who have learned to develop his intuition.
Third, he had a chance to go on living even though have no debt. So, all the entrepreneur has survived the ups and downs of his career. They never succeed, never fails. Never make money, or losing money, and others. In fact, the debt was always there in every business. I think, this is reality. Because, however, an entrepreneur must learn to adapt to the debt.
Fourth, always optimistic. For example, there are business opportunities, but because there is a more logical, the odds were not pursued. Because, he has considered with intuition, and cover it with optimism. So, in my opinion, it is the creator of the entrepreneur as well as business people. He made his life by addressing a variety of reasons for not pursuing business opportunities, and then convince others to follow how.
Therefore, in my opinion, if we really want a successful career as an entrepreneur, then make sure we have all four characters. And, we should never hesitate to go. You dare to try?
Be careful with these quick fixes to repair credit
Quick Fix: Be wary of companies or services that promise to repair your credit quickly. May be scams and can cost much money. No one can speed the process of repairing your credit. The only way out of debt is to pay them one by one.
Restructuring or renegotiation of debt (Debt Restructuring): never sign a contract or payment plan agreement unless it is managed by a credit counseling service non-profit. Beware of debt restructuring plans, as though they can lower your monthly payments, it may take longer to pay. The amount of money that can increase because you may be charged additional finance charges. Many people end up with a larger debt because they do not understand the terms of debt restructuring agreement.
Credit fraud: Never deal with a company that offers to change your social security number or get a new identity to apply for credit. Change your social security number to evade their debt is a fraud and a federal crime. Any company offering to do this is doing something forbidden and you can be arrested if he follows the recommendations of the company. If a company offers to change your social security number, report it to the FTC (Federal Trade Commission) and local consumer agencies.
If you are a young man who is burdened with debts, or parent of a young person in debt, you can begin to reverse your situation today!
The debt has become like the black plague of modern times, as the economy slowly eats away at families and not allow them to thrive in the material. What is surprising is how this disease also affects more than one third of the younger population.
According to a survey conducted in Chile by the National Youth Institute (INJU), 1,237,191 young people between 15 and 29 have some level of debt in our country, equivalent to 33.18%.
In this alarming number must be added the fact that 72% of young indebted use financial instruments including credit cards stores, which are known for their higher interest rates, occupy almost 70% of use.
The document submitted by the INJU quote:
Despite its status as youthful and meager sources of income, financial institutions have defined young people as customers, getting to market their products in almost half of the young population (48.4%).
The first reaction that cause these numbers is astonishment unpublished financial institutions, which apparently no limits to offer their products and are geared to college students to have, in the near future, a percentage of customers called “young professionals.”
However, blaming the financial institutions by the state of the sluggishness of our young people is like trying to blame the weed seed by a mismatch.
The youth debt goes far beyond the lack of ethics of financial institutions. The underlying problem is poor financial education of these youths.