Thursday, November 4, 2010

managing your personal finance

Are you an entrepreneur, solo business owner or freelancer? Are you keen to get regular business advice but don’t have the time to work out which blogs to subscribe to? Well, we’ve done the research for you.

Here’s a collection of business blogs aimed at entrepreneurs and small businesses. These have been chosen for their insights, advice, presentation and overall appeal to business people. Hopefully you’ll find these blogs cover all the business management advice and business trends analysis for your needs.

id="more-56526">

1. Harvard Business Review

Harvard Business Review is a staple in any entrepreneur blog collection. The blog delivers timely business analysis and professional management advice.

style="text-align: center;">

2. Young Entrepreneur

When you’re just starting our with your business venture, things can be a little tough. Young Entrepreneur focuses on the things you’ll need to know – financing, bootstrapping, identifying opportunities and making sales.

style="text-align: center;">

3. 64 Notes

64 Notes gets straight to the nuggets of gold by bypassing straightforward management tips and filling each post with those eye-opening things that change your business from alright to amazing. They also write a lot about how to avoid being the start-up that failed.

style="text-align: center;">

4. The Personal MBA

The Personal MBA is a blog dedicated to teaching all the tips and tricks you would have learned if you had done a degree in business. It recommends books, summarises books and draws on advice given freely by great minds in business. If you follow this blog you will learn a great deal about managing your business.

style="text-align: center;">

5. Instigator Blog

Instigator Blog is a very insightful blog, mainly discussing thoughts relevant to small business and entrepreneurs, written by an entrepreneur as he works on his business.

style="text-align: center;">

6. Fast Company

Fast Company is a major business blog, covering business news and trends. It’s vital information if you want to know where business is heading.

style="text-align: center;">

7. Entrepreneur Blog

Entrepreneur Blog is a site dedicated to providing business insights to entrepreneurs. It will analyse business failures, successes and trends, while offering sensible advice for any business owner.

style="text-align: center;">

8. The Entrepreneurial Mind

The Entrepreneurial Mind is a business blog written by a Belmont University professor of Entrepreneurship. His academic insight into the world of the entrepreneur is a great balance to the news and trends offered by other blogs.

style="text-align: center;">

9. Creative Web Biz

Creative Web Biz is a great blog for all the artistic entrepreneurs out there. This is a place for those people who are entrepreneurs, but don’t much care for all the business management advice and trends. This blog is entirely focused on how to get that art out there and sold. Highly recommended for musicians, artists, and makers of other crafts.

style="text-align: center;">

10. Work Happy

Work Happy is a blog offering advice for anyone in business for themselves. It’s useful for freelancers, small business owners and entrepreneurs alike. It features a lot of video presentations from entrepreneurs to keep things interesting.

style="text-align: center;">

Bonus: Entrepreneurship Interviews

Entrepreneurship Interviews added itself on to the list by being a wealth of information in the form of interviews with entrepreneurs. It’s not much to look at, but there is a lot to be gained by listening to what other entrepreneurs say candidly about their own business ventures.

More Blogs

If you’re keen to see some more great blog lists from MakeUseOf, read on:

  • Four Best Inspiring Blogs Every Life Hacker Should Subscribe To
  • 3 Personal Finance Blogs That Will Get You Out Of Debt
  • The 10 Most Stunning Photo Blogs
  • 6 Best Web Design Blogs To Follow
  • The 6 Best Blogs For Architectural & Interior Design Ideas

If you know of other great blogs for business people, let us know in the comments!

Image Credit: Shutterstock


Your Money: The Missing Manual







This is the best user-guide to personal finance I've found, and I've probably read them all. It is certainly the sanest and most level-headed. There are no get rich quick schemes here, just plenty of ways to get rich slowly. Indeed, Get Rich Slowly was the name of author's very popular personal finance blog, which led to this book. J.D. Roth takes the great investing advice of Andrew Tobias in The Only Investment Guide You'll Ever Need, and he summarizes the life-earning wisdom in the previously reviewed (and still recommended) book Five Rituals of Wealth and he includes the needed crystalization of priorities found in Your Money or Your Life, and financial motivations from Suze Orman and the Millionaire Next Door and then adds key insights and tips from hundreds of other lesser-known money gurus.



Basically, Roth has read every book and blog on money managing, investing, saving, and earning and digests and integrates all this hard-won knowledge into an amazing selection of smart, practical ideas for today. I could hardly turn a page without learning a solid investing tip or two, or a clever way to save a few hundred dollars, or an example of something I already knew, but was looking for a vivid way to teach my kids. I like the fact that Roth emphasizes the value of sharing whatever wealth you have, and keeps returning to the long view.



I would not call this an inspirational book (plenty of those on the shelves), nor even a memorable book like the ones mentioned above. Rather it is what is advertised: a day-to-day operating manual for your money. Specific details, sources, methods, tricks. Dip into it when you are stuck, check it before trying something new, re-read it when you think you know it all. I've done pretty well financially, and if you were to ask me my practical advice -- like what to do tomorrow -- I would simply give you this book. It's slow, but true.



"Your Money: The Missing Manual," by J.D. Roth (2010, 336 pages)

$15 from Amazon.



Read excerpts and comment on this at Cool Tools. Submit a tool.



bench craft company

Even FOX <b>News</b> Not Hiring Christine O&#39;Donnell

FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...

This is Terrific <b>News</b> | RedState

I just heard that Jeb Hensarling is going to run for Conference Chair to replace Mike Pence. This is terrific news. Hensarling is one of the most substantive.

Kiefer&#39;s Heading to Broadway and More Celebrity <b>News</b> from PopEater

Want to know what's going on with your favorite TV stars when the cameras aren't rolling? Check out the latest celebrity news from our friends.


bench craft company

Are you an entrepreneur, solo business owner or freelancer? Are you keen to get regular business advice but don’t have the time to work out which blogs to subscribe to? Well, we’ve done the research for you.

Here’s a collection of business blogs aimed at entrepreneurs and small businesses. These have been chosen for their insights, advice, presentation and overall appeal to business people. Hopefully you’ll find these blogs cover all the business management advice and business trends analysis for your needs.

id="more-56526">

1. Harvard Business Review

Harvard Business Review is a staple in any entrepreneur blog collection. The blog delivers timely business analysis and professional management advice.

style="text-align: center;">

2. Young Entrepreneur

When you’re just starting our with your business venture, things can be a little tough. Young Entrepreneur focuses on the things you’ll need to know – financing, bootstrapping, identifying opportunities and making sales.

style="text-align: center;">

3. 64 Notes

64 Notes gets straight to the nuggets of gold by bypassing straightforward management tips and filling each post with those eye-opening things that change your business from alright to amazing. They also write a lot about how to avoid being the start-up that failed.

style="text-align: center;">

4. The Personal MBA

The Personal MBA is a blog dedicated to teaching all the tips and tricks you would have learned if you had done a degree in business. It recommends books, summarises books and draws on advice given freely by great minds in business. If you follow this blog you will learn a great deal about managing your business.

style="text-align: center;">

5. Instigator Blog

Instigator Blog is a very insightful blog, mainly discussing thoughts relevant to small business and entrepreneurs, written by an entrepreneur as he works on his business.

style="text-align: center;">

6. Fast Company

Fast Company is a major business blog, covering business news and trends. It’s vital information if you want to know where business is heading.

style="text-align: center;">

7. Entrepreneur Blog

Entrepreneur Blog is a site dedicated to providing business insights to entrepreneurs. It will analyse business failures, successes and trends, while offering sensible advice for any business owner.

style="text-align: center;">

8. The Entrepreneurial Mind

The Entrepreneurial Mind is a business blog written by a Belmont University professor of Entrepreneurship. His academic insight into the world of the entrepreneur is a great balance to the news and trends offered by other blogs.

style="text-align: center;">

9. Creative Web Biz

Creative Web Biz is a great blog for all the artistic entrepreneurs out there. This is a place for those people who are entrepreneurs, but don’t much care for all the business management advice and trends. This blog is entirely focused on how to get that art out there and sold. Highly recommended for musicians, artists, and makers of other crafts.

style="text-align: center;">

10. Work Happy

Work Happy is a blog offering advice for anyone in business for themselves. It’s useful for freelancers, small business owners and entrepreneurs alike. It features a lot of video presentations from entrepreneurs to keep things interesting.

style="text-align: center;">

Bonus: Entrepreneurship Interviews

Entrepreneurship Interviews added itself on to the list by being a wealth of information in the form of interviews with entrepreneurs. It’s not much to look at, but there is a lot to be gained by listening to what other entrepreneurs say candidly about their own business ventures.

More Blogs

If you’re keen to see some more great blog lists from MakeUseOf, read on:

  • Four Best Inspiring Blogs Every Life Hacker Should Subscribe To
  • 3 Personal Finance Blogs That Will Get You Out Of Debt
  • The 10 Most Stunning Photo Blogs
  • 6 Best Web Design Blogs To Follow
  • The 6 Best Blogs For Architectural & Interior Design Ideas

If you know of other great blogs for business people, let us know in the comments!

Image Credit: Shutterstock


Your Money: The Missing Manual







This is the best user-guide to personal finance I've found, and I've probably read them all. It is certainly the sanest and most level-headed. There are no get rich quick schemes here, just plenty of ways to get rich slowly. Indeed, Get Rich Slowly was the name of author's very popular personal finance blog, which led to this book. J.D. Roth takes the great investing advice of Andrew Tobias in The Only Investment Guide You'll Ever Need, and he summarizes the life-earning wisdom in the previously reviewed (and still recommended) book Five Rituals of Wealth and he includes the needed crystalization of priorities found in Your Money or Your Life, and financial motivations from Suze Orman and the Millionaire Next Door and then adds key insights and tips from hundreds of other lesser-known money gurus.



Basically, Roth has read every book and blog on money managing, investing, saving, and earning and digests and integrates all this hard-won knowledge into an amazing selection of smart, practical ideas for today. I could hardly turn a page without learning a solid investing tip or two, or a clever way to save a few hundred dollars, or an example of something I already knew, but was looking for a vivid way to teach my kids. I like the fact that Roth emphasizes the value of sharing whatever wealth you have, and keeps returning to the long view.



I would not call this an inspirational book (plenty of those on the shelves), nor even a memorable book like the ones mentioned above. Rather it is what is advertised: a day-to-day operating manual for your money. Specific details, sources, methods, tricks. Dip into it when you are stuck, check it before trying something new, re-read it when you think you know it all. I've done pretty well financially, and if you were to ask me my practical advice -- like what to do tomorrow -- I would simply give you this book. It's slow, but true.



"Your Money: The Missing Manual," by J.D. Roth (2010, 336 pages)

$15 from Amazon.



Read excerpts and comment on this at Cool Tools. Submit a tool.



bench craft company

Even FOX <b>News</b> Not Hiring Christine O&#39;Donnell

FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...

This is Terrific <b>News</b> | RedState

I just heard that Jeb Hensarling is going to run for Conference Chair to replace Mike Pence. This is terrific news. Hensarling is one of the most substantive.

Kiefer&#39;s Heading to Broadway and More Celebrity <b>News</b> from PopEater

Want to know what's going on with your favorite TV stars when the cameras aren't rolling? Check out the latest celebrity news from our friends.


bench craft company

bench craft company

Love your home with Quizzle. by QuizzleTown


bench craft company

Even FOX <b>News</b> Not Hiring Christine O&#39;Donnell

FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...

This is Terrific <b>News</b> | RedState

I just heard that Jeb Hensarling is going to run for Conference Chair to replace Mike Pence. This is terrific news. Hensarling is one of the most substantive.

Kiefer&#39;s Heading to Broadway and More Celebrity <b>News</b> from PopEater

Want to know what's going on with your favorite TV stars when the cameras aren't rolling? Check out the latest celebrity news from our friends.


bench craft company

Are you an entrepreneur, solo business owner or freelancer? Are you keen to get regular business advice but don’t have the time to work out which blogs to subscribe to? Well, we’ve done the research for you.

Here’s a collection of business blogs aimed at entrepreneurs and small businesses. These have been chosen for their insights, advice, presentation and overall appeal to business people. Hopefully you’ll find these blogs cover all the business management advice and business trends analysis for your needs.

id="more-56526">

1. Harvard Business Review

Harvard Business Review is a staple in any entrepreneur blog collection. The blog delivers timely business analysis and professional management advice.

style="text-align: center;">

2. Young Entrepreneur

When you’re just starting our with your business venture, things can be a little tough. Young Entrepreneur focuses on the things you’ll need to know – financing, bootstrapping, identifying opportunities and making sales.

style="text-align: center;">

3. 64 Notes

64 Notes gets straight to the nuggets of gold by bypassing straightforward management tips and filling each post with those eye-opening things that change your business from alright to amazing. They also write a lot about how to avoid being the start-up that failed.

style="text-align: center;">

4. The Personal MBA

The Personal MBA is a blog dedicated to teaching all the tips and tricks you would have learned if you had done a degree in business. It recommends books, summarises books and draws on advice given freely by great minds in business. If you follow this blog you will learn a great deal about managing your business.

style="text-align: center;">

5. Instigator Blog

Instigator Blog is a very insightful blog, mainly discussing thoughts relevant to small business and entrepreneurs, written by an entrepreneur as he works on his business.

style="text-align: center;">

6. Fast Company

Fast Company is a major business blog, covering business news and trends. It’s vital information if you want to know where business is heading.

style="text-align: center;">

7. Entrepreneur Blog

Entrepreneur Blog is a site dedicated to providing business insights to entrepreneurs. It will analyse business failures, successes and trends, while offering sensible advice for any business owner.

style="text-align: center;">

8. The Entrepreneurial Mind

The Entrepreneurial Mind is a business blog written by a Belmont University professor of Entrepreneurship. His academic insight into the world of the entrepreneur is a great balance to the news and trends offered by other blogs.

style="text-align: center;">

9. Creative Web Biz

Creative Web Biz is a great blog for all the artistic entrepreneurs out there. This is a place for those people who are entrepreneurs, but don’t much care for all the business management advice and trends. This blog is entirely focused on how to get that art out there and sold. Highly recommended for musicians, artists, and makers of other crafts.

style="text-align: center;">

10. Work Happy

Work Happy is a blog offering advice for anyone in business for themselves. It’s useful for freelancers, small business owners and entrepreneurs alike. It features a lot of video presentations from entrepreneurs to keep things interesting.

style="text-align: center;">

Bonus: Entrepreneurship Interviews

Entrepreneurship Interviews added itself on to the list by being a wealth of information in the form of interviews with entrepreneurs. It’s not much to look at, but there is a lot to be gained by listening to what other entrepreneurs say candidly about their own business ventures.

More Blogs

If you’re keen to see some more great blog lists from MakeUseOf, read on:

  • Four Best Inspiring Blogs Every Life Hacker Should Subscribe To
  • 3 Personal Finance Blogs That Will Get You Out Of Debt
  • The 10 Most Stunning Photo Blogs
  • 6 Best Web Design Blogs To Follow
  • The 6 Best Blogs For Architectural & Interior Design Ideas

If you know of other great blogs for business people, let us know in the comments!

Image Credit: Shutterstock


Your Money: The Missing Manual







This is the best user-guide to personal finance I've found, and I've probably read them all. It is certainly the sanest and most level-headed. There are no get rich quick schemes here, just plenty of ways to get rich slowly. Indeed, Get Rich Slowly was the name of author's very popular personal finance blog, which led to this book. J.D. Roth takes the great investing advice of Andrew Tobias in The Only Investment Guide You'll Ever Need, and he summarizes the life-earning wisdom in the previously reviewed (and still recommended) book Five Rituals of Wealth and he includes the needed crystalization of priorities found in Your Money or Your Life, and financial motivations from Suze Orman and the Millionaire Next Door and then adds key insights and tips from hundreds of other lesser-known money gurus.



Basically, Roth has read every book and blog on money managing, investing, saving, and earning and digests and integrates all this hard-won knowledge into an amazing selection of smart, practical ideas for today. I could hardly turn a page without learning a solid investing tip or two, or a clever way to save a few hundred dollars, or an example of something I already knew, but was looking for a vivid way to teach my kids. I like the fact that Roth emphasizes the value of sharing whatever wealth you have, and keeps returning to the long view.



I would not call this an inspirational book (plenty of those on the shelves), nor even a memorable book like the ones mentioned above. Rather it is what is advertised: a day-to-day operating manual for your money. Specific details, sources, methods, tricks. Dip into it when you are stuck, check it before trying something new, re-read it when you think you know it all. I've done pretty well financially, and if you were to ask me my practical advice -- like what to do tomorrow -- I would simply give you this book. It's slow, but true.



"Your Money: The Missing Manual," by J.D. Roth (2010, 336 pages)

$15 from Amazon.



Read excerpts and comment on this at Cool Tools. Submit a tool.



bench craft company

Love your home with Quizzle. by QuizzleTown


bench craft company

Even FOX <b>News</b> Not Hiring Christine O&#39;Donnell

FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...

This is Terrific <b>News</b> | RedState

I just heard that Jeb Hensarling is going to run for Conference Chair to replace Mike Pence. This is terrific news. Hensarling is one of the most substantive.

Kiefer&#39;s Heading to Broadway and More Celebrity <b>News</b> from PopEater

Want to know what's going on with your favorite TV stars when the cameras aren't rolling? Check out the latest celebrity news from our friends.


bench craft company

Love your home with Quizzle. by QuizzleTown


bench craft company

Even FOX <b>News</b> Not Hiring Christine O&#39;Donnell

FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...

This is Terrific <b>News</b> | RedState

I just heard that Jeb Hensarling is going to run for Conference Chair to replace Mike Pence. This is terrific news. Hensarling is one of the most substantive.

Kiefer&#39;s Heading to Broadway and More Celebrity <b>News</b> from PopEater

Want to know what's going on with your favorite TV stars when the cameras aren't rolling? Check out the latest celebrity news from our friends.


bench craft company

Even FOX <b>News</b> Not Hiring Christine O&#39;Donnell

FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...

This is Terrific <b>News</b> | RedState

I just heard that Jeb Hensarling is going to run for Conference Chair to replace Mike Pence. This is terrific news. Hensarling is one of the most substantive.

Kiefer&#39;s Heading to Broadway and More Celebrity <b>News</b> from PopEater

Want to know what's going on with your favorite TV stars when the cameras aren't rolling? Check out the latest celebrity news from our friends.


bench craft company

Even FOX <b>News</b> Not Hiring Christine O&#39;Donnell

FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...

This is Terrific <b>News</b> | RedState

I just heard that Jeb Hensarling is going to run for Conference Chair to replace Mike Pence. This is terrific news. Hensarling is one of the most substantive.

Kiefer&#39;s Heading to Broadway and More Celebrity <b>News</b> from PopEater

Want to know what's going on with your favorite TV stars when the cameras aren't rolling? Check out the latest celebrity news from our friends.


bench craft company bench craft company
bench craft company

Love your home with Quizzle. by QuizzleTown


bench craft company
bench craft company

Even FOX <b>News</b> Not Hiring Christine O&#39;Donnell

FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...

This is Terrific <b>News</b> | RedState

I just heard that Jeb Hensarling is going to run for Conference Chair to replace Mike Pence. This is terrific news. Hensarling is one of the most substantive.

Kiefer&#39;s Heading to Broadway and More Celebrity <b>News</b> from PopEater

Want to know what's going on with your favorite TV stars when the cameras aren't rolling? Check out the latest celebrity news from our friends.


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In India we have an old saying which means something like this - "you can emulate everything else but not money." When it comes to cash, you really require cash only, nothing else can replace cash. In these days of easy credit certainly you can use credit cards, borrow some loans on EMI (Equated Monthly Installments), create mortgage, etc. But finally to service all these loans you need cash, rather extra cash because money has cost to it called interest. In fact when you borrow to meet your cash requirements what you do is postpone the cash requirement. At the end of the day what you need will be cash only.

What is Cash Flow?

Here comes the management of cash flows. It is a simple statement of receipt of cash and payment commitments in cash. In financial jargon it is called statement of inflow of short term sources and out-go there of. It can also be called Funds Flow statement.

In personal finance we are more concerned about cash flow rather than funds flow. Our incomes are of short term nature, recurring by way of salary, dividends, interest on savings, rents, annuities, bonuses, insurance/mutual fund maturities, etc. All these are of the nature of once at a time. We do not normally have permanent investments like equity or bonds in the business. To that extent our cash flow statement is simple.

However, it should be remembered that it is not a mere account of your earnings and expenses for a particular period. It is a projected account of income and expenditure.

How to prepare a Cash Flow Statement?

You can use a simple note book in which you can prepare columns like the ones done for traditional balance sheet; two way accounting, left side for in- flow and right for out-go. The excel sheet on computers would be still better. The following format shall be good enough in either case.

In-Flow

Sources/ Months

(Columns)(Rows)

Out-go

Uses/Months

(Columns) (Rows)

The sources column will have all the heads of income from various sources which shall carry amounts to be received during the respective months of the year.

The row will carry names of twelve months for each year.

Similarly, the Uses column on Out-go side will have particulars of each payment commitments or expenses falling due in various months. While planning for expenses you will have to take into account family and social commitments, children's education, medical contingencies, ceremonies, festivals and so many other things that might need cash during a particular month.

It will include outings with friends and a gift to a girlfriend! Better still, gifts to many girlfriends.

Cash Flow Mismatch

The total of In-flow and Out-go for a particular month of the year will show excess or shortfall of income over expenditure during a particular month.

This is called positive or negative mismatch. The positive mismatch leaves scope for savings whereas negative mismatch will require borrowings. The sustained positive mismatch can leave a scope for some long term investments to meet future expenses like child's education, travel or medication. But recurring negative mismatch will lead to long term borrowings. It will also trigger a warning for curtailing avoidable expenses to reduce the mismatch.

Living within Means

Best thing to manage cash flows is to restrict your expenses to maximum 90 % of your income. The 10% cushion is must for savings or short term exigencies. The golden rule is "live within your means and work hard & smart to earn more to live lavishly." Never ever borrow for routine expenses.

It doesn't mean that we should not borrow. Living in a modern world would be impossible without borrowings. If you need to buy a house, probably you would never be able to buy one out of your savings. Your savings won't appreciate as faster as the prices of properties in your neighborhood.

So your projected cash flow should take into account such necessary borrowings (which in fact are investments in wealth) and provide for out-go by way of EMIs of such loans. Borrowing for a house may in fact lead to certain savings like income tax on repayments/ interest or house rent allowance, increased own house allowance or income from rent, etc.
While managing personal finance you should educate your self about various products of house loans/ mortgage loans and tax benefits in your country.

Financial Self Discipline

Your Cash Flow statement should take into account all such savings and expenses. You can prepare it for reasonably longer period and project your savings and expenses for better planning of your personal finances. Preparation of your cash flow statement is a first step towards financial self discipline and a sure way to avoid disgraceful bankruptcy.

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