Category: Personal Finance
1. Think and Grow Rich
Originally published in 1937, this classic best-seller is undoubtedly one of the best books on wealth ever written. This book helped millions of people around the world to achieve their dreams. The author, Napoleon Hill spent a lifetime doing research on successful, wealthy and most powerful people on earth, including Henry Ford, Andrew Carnegie, Thomas Edison, John D. Rockefeller and Charles M. Schwab. In this book, Napoleon Hill revealed his wisdom of research in the form of ‘thirteen steps to riches’ that will change your life.
2. The Richest Man in Babylon
Published in 1926, this classic is considered as one of the most inspiring books on wealth ever written. Beloved by millions, this timeless classic holds the key to all you desire and everything you wish to accomplish. This is the book that reveals the secret to personal wealth. This is the book that holds the secrets to acquiring money, keeping money, and making money earn more money. Countless readers have been helped with this famous book. This book offers an understanding of-and a solution to-your personal financial problems that will guide you through a lifetime.
3. Rich Dad Poor Dad
Rich Dad Poor Dad is the single best personal finance book ever written and has been a best-seller for many years. Have you ever wanted to know why the rich get richer and the poor get poorer or why many highly educated people struggle financially all their life? Then this book will give you the answers. This book will show you how rich, middle-class and poor people spend their money. In this book, the author Robert Kiyosaki gives you some excellent advice that can change your life.
4. Secrets of the Millionaire Mind
This book has appeared on the New York Times best-seller list and was #1 on the Wall Street Journal’s business-book list. In this outstanding book, the author T. Harv Eker teaches you how to think and act like a rich person. According to T. Harv Eker if you think like rich people think and do what rich people do, chances are you’ll get rich too! Using the principles he teaches, T. Harv Eker went from zero to millionaire in only two and a half years. He believes that the key to attaining great wealth begins with thinking because thoughts lead to feelings, which lead to actions, which lead to results. A must read book on wealth creation.
5. The Millionaire Next Door
Millionaires are too often stereotyped as having extravagant lifestyles and irresponsible fiscal habits. But, the truth is more than 99% of millionaires are hard working, methodical savers and investors. In this best-seller, the authors: Thomas J. Stanley and William D. Danko reveal that most of the millionaires are remarkably frugal and careful with their money. Most of the truly wealthy in America do not live in Beverly Hills or on Park Avenue – they live next door. They are the people who own the dry cleaning business, the car dealership, the restaurant chain, the bread company, the jewelry store, the cattle ranch, the trucking company, and the plumbing supply store. Read this book to know how millionaires created their wealth.
Patience, perseverance, and personality are just three of the tips you need to be fully equipped with if your wish to become successful in life.
And although it might not be too ideal to become too materialistic, there is still no denying the importance of money, and a fluid inflow of cash in our lives at that. If you wish to improve your cash flow enabling you to provide a comfortable life, then here are some of the things you need to take into consideration.
Estimation and Forecast
One of the best tricks to help improve your situation is to become smart when handling cash Thus, it is important to always estimate and forecast the cash that you have at the moment and the cash that you expect to get in the coming days. This way, you will get a relatively good idea on whether or not your savings and expenses are still within budget.
Terms for Businesses
If your cash flow woes have to do with your business earnings, then one of the things you need to take into consideration would have to be your business terms. You have to be able to gauge whether or not your customer terms are beneficial and if you find out that it’s not, immediately change it to something more workable.
Another great way of improving cash inflow would be to practice discipline especially when it comes to spending. You need to always allot a bigger percentage of your budget to savings rather than expenditure. Although some circumstances might be unavoidable, doing this consistently can help prepare you for what is to come.
Segmentation for Business
Managing your cash flow from a general perspective is a very tedious process. This is why it is best to practice segmentation and divide different groups into different categories, making it easier to track your ups and downs. Allot a segment for your buyers or customers, suppliers, and necessary inventory as deemed possible.
Set Your Priorities Straight
Another great way of improving your cash flow can be done through carefully setting your priorities. Make sure that if you own a business, no matter how huge or small it is, you prioritize a solid and consistently growing cash flow because when this becomes a culture in the business, everybody will realize its importance. After all, if your cash flow improves, your people will also benefit from it.
Now that you have some of the most important ways to help improve your financial position, whether this may be for business or for your personal gains, make sure to employ every single time and it will truly benefit you in more ways than one. In the beginning, doing these tips might be a little difficult because you’re fairly new but when you get the hang of it and start to incorporate it as part of your system, then there shouldn’t be any worries anymore.