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I‘m living so far beyond my income that we may almost be said to be living apart.” – E. E. Cummings.

A large income is the best recipe for happiness I ever heard of.” – Jane Austen

If there is anyone to whom I owe money, I’m prepared to forget it if they are.”Errol Flynn

If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.” JP Getty.

Undermine the entire economic structure of society by leaving the pay toilet door ajar so the next person can get in free.” Taylor Meade.

It’s morally wrong to allow a sucker to keep his money.” WC Fields.

You should always live within your income, even if you have to borrow to do so.” J Billings.

October is one of the particularly dangerous months to invest in stocks. Other dangerous months are July, January, September, April, November, May, March, June, December, August and February.” Mark Twain

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Beginners who are not aware of current trade investments and who don’t have enough capital to invest may face a lot of setbacks. These factors, however, should not discourage an individual from investing. If you are too scared to take the risk, you lose a lot of opportunities.

Investing gives you the leeway to increase your income. If you just simply put your money in a savings account, a 2-5% interest will not do to secure your future. Since in this set-up you can easily pull out your savings account, it increases the likelihood of you spending the money in unnecessary expenditures. In a short span, your money is gone and that leaves you with nothing.

Lay down the cards. For beginners, the first thing to do when you plan to invest your money is to have a reality check. To start off, do you have a capital to invest on? It is not just capital but do you have a risk-capital?

Add up your assets and check which of these you are willing to bet and let go. This may be hard at first especially if all of which are valuable to you. But if you carefully choose which assets are of lesser value to you, this will make it easier for you to accept loss if your first investment fails. Since investing is also an expense, consider it a loss anyway but with a potential to grow.

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A man walked into a bank in New York City one day and asked for the loan officer.

He told the loan officer that he was going to Philippines on business for two weeks and needed to borrow $5,000. The bank officer told him that the bank would need some form of security for the loan.

Then the man handed over the keys to a new Ferrari parked on the street in front of the bank. He produced the title and everything checked out The loan officer agreed to accept the car as collateral for the loan.The bank’s president and its officers all enjoyed a good laugh at the guy for using a $250,000 Ferrari as collateral against a $5,000 loan.

An employee of the bank then drove the Ferrari into the bank’s underground garage and parked it there.Two weeks later, the guy returned, repaid the $5,000 and the interest, which came to $15.41.

The loan officer said, “Sir, we are very happy to have had and this transaction has worked out very nicely, but we are a little puzzled. While you were away, we checked you out and found that you are a multi millionaire. What puzzles us is, why would you bother to borrow “$5,000″.

The millionaire replied: “Where else in New York City can I park my car for $15.41 and expect it to be there when I return”

Well thats how the rich stay rich, they know a lot more about Money Management. All the millionaires I have met in my life were penny wise. Look after your cents and the Dollars will look after themselves.

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A large percentage of people will admit to not having any type of savings account. Maybe there’s just not enough at month’s end to give to a “rainy day” fund. Perhaps the money in put into a savings account gets used just as fast as it gets saved. Either way, taking out an emergency credit card can help to avoid depleting your savings account while providing security. Knowing there is a way to deal with a financial emergency can give you peace of mind. While having cash for unforseen expenses is always the best line of defense, it seems that so many times as soon as we manage to put something aside, something else comes up and we need that money.

Having a credit card for the sake of an emergency is a great way to insure you won’t be left on the side of the road with a car breakdown or pulling your own tooth because you can’t afford to see a dentist (let’s hope you wouldn’t do that!). While there has been a credit card debt epidemic over the past several years, if you are responsible and can practice some self-control, you can have peace of mind should you need to come up with some quick cash.

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In today’s terms the main cause of the increase in inflation is the rising prices; the prices go on increasing day by day and are generally cause by the storage of the of the essential commodities by the so called black marketers and wholesalers who go hand in glove with the politicians.

The second cause that increases inflation is unemployment,  today the youth of the country after so much of turmoil and hard work stand no where. If unemployment cannot be controlled at this stage then what will happen to the whole country, the youth of today is the future of tomorrow.

Thirdly the main cause which can increase inflation is corruption, it is well said that “Justice delayed is justice denied”, corruption is eating up the the economy as said corruption begets corruption and should be stopped at all levels.

When you see that in order to produce, you need to obtain permission from men who produce nothing — when you see money flowing to those who deal, not in goods, but in favours — when you see that men get richer by graft and pull than by work, and your laws don’t protect you against them, but protect them against you, then you may know that your society is doomed..”

Ayn Rand

News Zealand, Denmark, Singapore and Sweden are among the least corrupt nations and among the most corrupt are Somalia, Afghanistan and Sudan.

If all these factors are taken into consideration the economy and rising inflation of any  country can be controlled. When price rise is controlled then the inflation gets controlled automatically.

Still other experts believe that it is normal for the economy to be effected by inflation. This theory is shown by the Phillips curve which allows inflation to cycle up and down according to the shift between unemployment and inflation. Another theory of inflation uses the gross domestic product to measure the effects of inflation on the economy. This theory uses what is called potential output. This means that the state of the economy is measured against what is determined to be the best level of production for the nation. If the gross domestic product is higher than it should be and if unemployment is lower than it should be the result is that the rate of inflation will increase because suppliers will raise their prices and built in inflation will get worse.

About the author :- Dr Bhandari a Doctor by profession is an active thinker, having thought provoking views on today’s global society and culture in general and about Indian issues in particular, some of his views often contradict established views of modern society which he thinks is more busy in finding new problems then trying to solve existing problems.

Financial planning is the process of identifying the monetary goals of an individual after considering different factors like his risk profile, life priorities, current lifestyle, etc… It is a process that can present before an individual, an organization or even a nation details about their current monetary position and the adjustments that are to be done to their pattern of spending in such a way that they can effectively meet their financial objectives.

Why Financial Planning Is Important

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If you are a crook, unethical or a scam artist then there’s easy money to be made investing in the stock market.

When the stock market is strong, it invites the purveyors of schemes designed to make you poor and them rich to push their wares even harder.

People who know nothing of investing get tempted in a strong stock market, but want to get in on the action and there are always crooks willing to help them invest in the latest hot stock.

Unfortunately, the deals sound so great that many unsuspecting novices to investing in the stock market fall prey to the schemes.

Fear and greed are the two most powerful emotional motivators. Both drive investors to make decisions that are foolish.

When the market is in one of its down cycles, fear drives investors out of the market as prices are dropping. When the market rebounds they buy back in at prices often higher than what the got as they exited the market. Thus the famous sell low, buy high strategy – not a winner.

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Today, I have some advice for those of you heading into retirement or already into retirement and have realized that, for whatever reason, whether it was an unforeseen or medical expense or just a lack of excess income after all the expenses of taking care of your family or whether you just didn’t pay attention to saving until it was too late.

My theme for you continues to be “Yes, you can retire and live twice the life at half the cost”. You just have to be smart about it”.

Now here’s my advice… if, after adding up all you’ve saved for retirement, you find that your income won’t be enough to support you, start to actively look for ways to trim your expenses. This way you can keep more of the income you are set to receive, enabling you to live the life you’ve always dreamed of but could not afford.

Today, I want to share some of my favorite suggestions and add a few I picked up from an article titled 7 Realistic Strategies for Retirement by Tom Sightings, for U.S. News & World Report.

First, remember there are only two ways to get to your destination. Using a boating metaphor, you either raise the bridge or lower the water. Raising the bridge means earning more income. Lowering the water means cutting your expenses. Only you know which choice is the most feasible for you but today I am going to talk about ideas which “lower the water”.

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And I think it — about money. A lot of financial advice — — on our here’s our taste and some common financed and it’s. Never take a mortgage and corporate giant. This made perfect sense — — interest — super high rates today even with recent hikes are still at historic lows. So that means it makes a lot more sense to keep that market’s going to pay — — slowly. But invest any extra money in your retirement account — stashed away in an emergency. You can see — health care. And then borrow against — or. This is often cat bites. While most people don’t wanna take the organ paying fees. Borrowing money against your — and came makes sense now particularly because interest rates alone the going rate. Four point 2%. A lot better that you’re gonna get from the credit car or even a private — The only. Less money you should have stuck — my. That you’ll meet him in the last — but with the average retiree somebody in the — — twenty to thirty years longer. You need more money invest in stocks from the nineteenth. 2000 well. Average return for a large — acts with 10% a year it makes perfect sense to invest in stocks for the long ball. This advice that a live forever. Like discs — — when it comes to financial ties him for exploration.

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