Ontario’s
recipe for improving Canada’s pension retirement system includes both
modest improvements to the Canada Pension Plan and new pension
innovations from the private sector, Finance Minister Dwight Duncan
says in a new report.
The province issued a consultation paper Friday,
asking for public input on proposals to improve pensions for Ontarians
as part of a national initiative to find solutions to boost retirement
incomes across Canada.
In a letter accompanying the report, Mr.
Duncan continued to support a proposal he endorsed at a national
finance minister’s meeting in June calling for an expansion of CPP
benefits for Canadians. The proposal has faced opposition from Alberta
and is expected to be debated again at a finance minister’s meeting in
December.
“A modest enhancement to the CPP now would provide a
significant benefit to these workers when they retire,” Mr. Duncan
said. “I believe such an enhancement is affordable if contribution
rates are phased in gradually, particularly in light of the over
$8-billion in annual tax relief Ontario will be providing to businesses
as part of its tax plan.”
The report does not back any specific
model for achieving that goal, however, only outlining different
options and asking for comment on the choices.
Currently,
CPP benefits are structured to replace 25 per cent of an individual’s
career average earnings up to an annual limit currently set at $47,200,
although most retirees do not qualify for the maximum amount.
One
reform option is to increase the maximum income replacement rate from
25 per cent currently to a higher rate, such as 35 per cent, the report
said. Another option is to increase the maximum earnings ceiling, the
report said, noting that a 50 per cent or 100 per cent increase would
move it from $47,200 a year to $70,800 or $94,400.
The report also
asks for comments on potential implementation issues with expanding
the CPP, including how to phase in the increases and how extra money in
the fund should be managed. It also questions whether an increase
would have an impact on other retirement savings by inducing employers
to reduce their pension benefits or inducing individuals to save less
on their own.
Mr. Duncan also said governments should make regulatory changes that will provide better private-sector pension options.
In
his letter accompanying the report, he said current rules only allow
pension plans to be offered by an employer to an employee. This limits
options for people who are self-employed or who work for small companies
that cannot afford to offer a pension plan.
The report asks for
input on proposals to allow financial institutions to offer pension
plans with participation from multiple employers, allowing more
companies to offer retirement benefits to workers and reducing
administration costs by creating large pools of funds.
The report
said one goal of such plans would be to allow individuals to hold their
own accounts in the pension plans, so they could transfer them if they
switch jobs. The money would also be portable nationally, the report
suggested.
“By changing these laws, we can expand the range of
institutions that can set up pension plans, and the range of people who
can access them,” Mr. Duncan said.
The report also asked for
comments for reforms to make it easier for companies to offer “target”
benefit plans, which are similar to traditional defined benefit plans,
but allow the employer to reduce payouts if the pension plan does not
have sufficient assets to maintain coverage.
Employers and pension
experts have argued such plans would be more flexible for sponsors and
could be a solution to declining pension coverage in the private
sector, where many traditional plans are being abandoned.
You can download Ontario's new report, Securing Our Retirement Future: Consulting with Ontarians on Canada's Retirement Income System.
I think it's a step in the right direction, but much more needs to be
done. What really worries me is what's going on in Britain, and how long
before we see the same trends on this side of the Atlantic (probably
already happening).
One of the reasons Aaron Patzer founded personal finance site Mint.com was because of his frustrations with Intuit’s financial management software Quicken. Quicken, says Patzer wasn’t user-friendly, and in Patzer’s own words “felt like a product from 1996.” Flash forward two years, and Patzer’s Mint.com (which was also a TechCrunch50 winner) was bought by Intuit for $170 million in the Fall of 2009. Clearly, Intuit perhaps agreed with Patzer, who is now vice president and general manager of Intuit’s personal finance group, that its own financial products needed a a makeover. Today, Quicken 2011 is debuting its software for Windows that includes more features from Mint.com.
This is the first version of Quicken to reflect the collaboration of the Quicken Desktop and Mint.com product and engineering teams since last fall. The new version for Windows users includes 360-degree financial view that brings together all accounts, including bank, credit card, investment and retirement. Intuit has also added support for 7,000 more banks and now lists 12,000 banks and credit union in the U.S.
Quicken’s new automated engine categorizes transactions (i.e. business, clothes, groceries, etc.) Credit card payments are automatically matched to transfers from checking or savings, to ensure they’re not double-counted. You can also create budgets within the software based on an individual’s historical spending and the software will include expense alerts and a graph to project cash flow help users avoid late fees and penalties. Pricing for Quicken 2011 ranges from $29.99 to $89.99.
Patzer says of the new version: “It combines the best of Quicken with what we built into Mint.com to help ease the burden on people trying to manage their money…The product is customizable and intuitive, two things that people have come to expect from modern software.”
One feature that is clearly lacking between Quicken and Mint is the ability to sync your Quicken desktop software with your Mint.com web account, and integrate the data (Quicken Online users are being merged to Mint.com). But Patzer says that this will soon be added to the suite of products. His goal is for Quicken and Mint to work seamlessly across all platforms, including mobile.
On another note, the Intuit acquisition doesn’t seem to have stunted Mint.com’s growth. Patzer says that the platform has grown from 1.7 million users in September of 2009 to 4.2 million users currently.
eric seiger
Small Business <b>News</b>: Building Your Small Business Empire
Thinking big in your small business will stop you from ignoring potential markets, and allow you to try those super cool ideas you might think your business is.
U.S. <b>News</b> to Cease Printing, Become Online Only - NYTimes.com
US News, the magazine that in recent years has gone from a weekly, to a bi-monthly to a monthly, will no longer exist in the printed form.
Australian <b>News</b> Site Issues Apology and Correction For Inaccurate <b>...</b>
On Tuesday Australian news site news.com.au (Australia's 3rd biggest news site) ran an article about the new Haynes Guide to the USS Enterprise (reviewed at TrekMovie on Monday). The news.com.au article contained this passage: ...
eric seiger
Ontario’s
recipe for improving Canada’s pension retirement system includes both
modest improvements to the Canada Pension Plan and new pension
innovations from the private sector, Finance Minister Dwight Duncan
says in a new report.
The province issued a consultation paper Friday,
asking for public input on proposals to improve pensions for Ontarians
as part of a national initiative to find solutions to boost retirement
incomes across Canada.
In a letter accompanying the report, Mr.
Duncan continued to support a proposal he endorsed at a national
finance minister’s meeting in June calling for an expansion of CPP
benefits for Canadians. The proposal has faced opposition from Alberta
and is expected to be debated again at a finance minister’s meeting in
December.
“A modest enhancement to the CPP now would provide a
significant benefit to these workers when they retire,” Mr. Duncan
said. “I believe such an enhancement is affordable if contribution
rates are phased in gradually, particularly in light of the over
$8-billion in annual tax relief Ontario will be providing to businesses
as part of its tax plan.”
The report does not back any specific
model for achieving that goal, however, only outlining different
options and asking for comment on the choices.
Currently,
CPP benefits are structured to replace 25 per cent of an individual’s
career average earnings up to an annual limit currently set at $47,200,
although most retirees do not qualify for the maximum amount.
One
reform option is to increase the maximum income replacement rate from
25 per cent currently to a higher rate, such as 35 per cent, the report
said. Another option is to increase the maximum earnings ceiling, the
report said, noting that a 50 per cent or 100 per cent increase would
move it from $47,200 a year to $70,800 or $94,400.
The report also
asks for comments on potential implementation issues with expanding
the CPP, including how to phase in the increases and how extra money in
the fund should be managed. It also questions whether an increase
would have an impact on other retirement savings by inducing employers
to reduce their pension benefits or inducing individuals to save less
on their own.
Mr. Duncan also said governments should make regulatory changes that will provide better private-sector pension options.
In
his letter accompanying the report, he said current rules only allow
pension plans to be offered by an employer to an employee. This limits
options for people who are self-employed or who work for small companies
that cannot afford to offer a pension plan.
The report asks for
input on proposals to allow financial institutions to offer pension
plans with participation from multiple employers, allowing more
companies to offer retirement benefits to workers and reducing
administration costs by creating large pools of funds.
The report
said one goal of such plans would be to allow individuals to hold their
own accounts in the pension plans, so they could transfer them if they
switch jobs. The money would also be portable nationally, the report
suggested.
“By changing these laws, we can expand the range of
institutions that can set up pension plans, and the range of people who
can access them,” Mr. Duncan said.
The report also asked for
comments for reforms to make it easier for companies to offer “target”
benefit plans, which are similar to traditional defined benefit plans,
but allow the employer to reduce payouts if the pension plan does not
have sufficient assets to maintain coverage.
Employers and pension
experts have argued such plans would be more flexible for sponsors and
could be a solution to declining pension coverage in the private
sector, where many traditional plans are being abandoned.
You can download Ontario's new report, Securing Our Retirement Future: Consulting with Ontarians on Canada's Retirement Income System.
I think it's a step in the right direction, but much more needs to be
done. What really worries me is what's going on in Britain, and how long
before we see the same trends on this side of the Atlantic (probably
already happening).
One of the reasons Aaron Patzer founded personal finance site Mint.com was because of his frustrations with Intuit’s financial management software Quicken. Quicken, says Patzer wasn’t user-friendly, and in Patzer’s own words “felt like a product from 1996.” Flash forward two years, and Patzer’s Mint.com (which was also a TechCrunch50 winner) was bought by Intuit for $170 million in the Fall of 2009. Clearly, Intuit perhaps agreed with Patzer, who is now vice president and general manager of Intuit’s personal finance group, that its own financial products needed a a makeover. Today, Quicken 2011 is debuting its software for Windows that includes more features from Mint.com.
This is the first version of Quicken to reflect the collaboration of the Quicken Desktop and Mint.com product and engineering teams since last fall. The new version for Windows users includes 360-degree financial view that brings together all accounts, including bank, credit card, investment and retirement. Intuit has also added support for 7,000 more banks and now lists 12,000 banks and credit union in the U.S.
Quicken’s new automated engine categorizes transactions (i.e. business, clothes, groceries, etc.) Credit card payments are automatically matched to transfers from checking or savings, to ensure they’re not double-counted. You can also create budgets within the software based on an individual’s historical spending and the software will include expense alerts and a graph to project cash flow help users avoid late fees and penalties. Pricing for Quicken 2011 ranges from $29.99 to $89.99.
Patzer says of the new version: “It combines the best of Quicken with what we built into Mint.com to help ease the burden on people trying to manage their money…The product is customizable and intuitive, two things that people have come to expect from modern software.”
One feature that is clearly lacking between Quicken and Mint is the ability to sync your Quicken desktop software with your Mint.com web account, and integrate the data (Quicken Online users are being merged to Mint.com). But Patzer says that this will soon be added to the suite of products. His goal is for Quicken and Mint to work seamlessly across all platforms, including mobile.
On another note, the Intuit acquisition doesn’t seem to have stunted Mint.com’s growth. Patzer says that the platform has grown from 1.7 million users in September of 2009 to 4.2 million users currently.
eric seiger
Small Business <b>News</b>: Building Your Small Business Empire
Thinking big in your small business will stop you from ignoring potential markets, and allow you to try those super cool ideas you might think your business is.
U.S. <b>News</b> to Cease Printing, Become Online Only - NYTimes.com
US News, the magazine that in recent years has gone from a weekly, to a bi-monthly to a monthly, will no longer exist in the printed form.
Australian <b>News</b> Site Issues Apology and Correction For Inaccurate <b>...</b>
On Tuesday Australian news site news.com.au (Australia's 3rd biggest news site) ran an article about the new Haynes Guide to the USS Enterprise (reviewed at TrekMovie on Monday). The news.com.au article contained this passage: ...
eric seiger
eric seiger
eric seiger
Small Business <b>News</b>: Building Your Small Business Empire
Thinking big in your small business will stop you from ignoring potential markets, and allow you to try those super cool ideas you might think your business is.
U.S. <b>News</b> to Cease Printing, Become Online Only - NYTimes.com
US News, the magazine that in recent years has gone from a weekly, to a bi-monthly to a monthly, will no longer exist in the printed form.
Australian <b>News</b> Site Issues Apology and Correction For Inaccurate <b>...</b>
On Tuesday Australian news site news.com.au (Australia's 3rd biggest news site) ran an article about the new Haynes Guide to the USS Enterprise (reviewed at TrekMovie on Monday). The news.com.au article contained this passage: ...
eric seiger
Ontario’s
recipe for improving Canada’s pension retirement system includes both
modest improvements to the Canada Pension Plan and new pension
innovations from the private sector, Finance Minister Dwight Duncan
says in a new report.
The province issued a consultation paper Friday,
asking for public input on proposals to improve pensions for Ontarians
as part of a national initiative to find solutions to boost retirement
incomes across Canada.
In a letter accompanying the report, Mr.
Duncan continued to support a proposal he endorsed at a national
finance minister’s meeting in June calling for an expansion of CPP
benefits for Canadians. The proposal has faced opposition from Alberta
and is expected to be debated again at a finance minister’s meeting in
December.
“A modest enhancement to the CPP now would provide a
significant benefit to these workers when they retire,” Mr. Duncan
said. “I believe such an enhancement is affordable if contribution
rates are phased in gradually, particularly in light of the over
$8-billion in annual tax relief Ontario will be providing to businesses
as part of its tax plan.”
The report does not back any specific
model for achieving that goal, however, only outlining different
options and asking for comment on the choices.
Currently,
CPP benefits are structured to replace 25 per cent of an individual’s
career average earnings up to an annual limit currently set at $47,200,
although most retirees do not qualify for the maximum amount.
One
reform option is to increase the maximum income replacement rate from
25 per cent currently to a higher rate, such as 35 per cent, the report
said. Another option is to increase the maximum earnings ceiling, the
report said, noting that a 50 per cent or 100 per cent increase would
move it from $47,200 a year to $70,800 or $94,400.
The report also
asks for comments on potential implementation issues with expanding
the CPP, including how to phase in the increases and how extra money in
the fund should be managed. It also questions whether an increase
would have an impact on other retirement savings by inducing employers
to reduce their pension benefits or inducing individuals to save less
on their own.
Mr. Duncan also said governments should make regulatory changes that will provide better private-sector pension options.
In
his letter accompanying the report, he said current rules only allow
pension plans to be offered by an employer to an employee. This limits
options for people who are self-employed or who work for small companies
that cannot afford to offer a pension plan.
The report asks for
input on proposals to allow financial institutions to offer pension
plans with participation from multiple employers, allowing more
companies to offer retirement benefits to workers and reducing
administration costs by creating large pools of funds.
The report
said one goal of such plans would be to allow individuals to hold their
own accounts in the pension plans, so they could transfer them if they
switch jobs. The money would also be portable nationally, the report
suggested.
“By changing these laws, we can expand the range of
institutions that can set up pension plans, and the range of people who
can access them,” Mr. Duncan said.
The report also asked for
comments for reforms to make it easier for companies to offer “target”
benefit plans, which are similar to traditional defined benefit plans,
but allow the employer to reduce payouts if the pension plan does not
have sufficient assets to maintain coverage.
Employers and pension
experts have argued such plans would be more flexible for sponsors and
could be a solution to declining pension coverage in the private
sector, where many traditional plans are being abandoned.
You can download Ontario's new report, Securing Our Retirement Future: Consulting with Ontarians on Canada's Retirement Income System.
I think it's a step in the right direction, but much more needs to be
done. What really worries me is what's going on in Britain, and how long
before we see the same trends on this side of the Atlantic (probably
already happening).
One of the reasons Aaron Patzer founded personal finance site Mint.com was because of his frustrations with Intuit’s financial management software Quicken. Quicken, says Patzer wasn’t user-friendly, and in Patzer’s own words “felt like a product from 1996.” Flash forward two years, and Patzer’s Mint.com (which was also a TechCrunch50 winner) was bought by Intuit for $170 million in the Fall of 2009. Clearly, Intuit perhaps agreed with Patzer, who is now vice president and general manager of Intuit’s personal finance group, that its own financial products needed a a makeover. Today, Quicken 2011 is debuting its software for Windows that includes more features from Mint.com.
This is the first version of Quicken to reflect the collaboration of the Quicken Desktop and Mint.com product and engineering teams since last fall. The new version for Windows users includes 360-degree financial view that brings together all accounts, including bank, credit card, investment and retirement. Intuit has also added support for 7,000 more banks and now lists 12,000 banks and credit union in the U.S.
Quicken’s new automated engine categorizes transactions (i.e. business, clothes, groceries, etc.) Credit card payments are automatically matched to transfers from checking or savings, to ensure they’re not double-counted. You can also create budgets within the software based on an individual’s historical spending and the software will include expense alerts and a graph to project cash flow help users avoid late fees and penalties. Pricing for Quicken 2011 ranges from $29.99 to $89.99.
Patzer says of the new version: “It combines the best of Quicken with what we built into Mint.com to help ease the burden on people trying to manage their money…The product is customizable and intuitive, two things that people have come to expect from modern software.”
One feature that is clearly lacking between Quicken and Mint is the ability to sync your Quicken desktop software with your Mint.com web account, and integrate the data (Quicken Online users are being merged to Mint.com). But Patzer says that this will soon be added to the suite of products. His goal is for Quicken and Mint to work seamlessly across all platforms, including mobile.
On another note, the Intuit acquisition doesn’t seem to have stunted Mint.com’s growth. Patzer says that the platform has grown from 1.7 million users in September of 2009 to 4.2 million users currently.
eric seiger
eric seiger
Small Business <b>News</b>: Building Your Small Business Empire
Thinking big in your small business will stop you from ignoring potential markets, and allow you to try those super cool ideas you might think your business is.
U.S. <b>News</b> to Cease Printing, Become Online Only - NYTimes.com
US News, the magazine that in recent years has gone from a weekly, to a bi-monthly to a monthly, will no longer exist in the printed form.
Australian <b>News</b> Site Issues Apology and Correction For Inaccurate <b>...</b>
On Tuesday Australian news site news.com.au (Australia's 3rd biggest news site) ran an article about the new Haynes Guide to the USS Enterprise (reviewed at TrekMovie on Monday). The news.com.au article contained this passage: ...
eric seiger
eric seiger
Small Business <b>News</b>: Building Your Small Business Empire
Thinking big in your small business will stop you from ignoring potential markets, and allow you to try those super cool ideas you might think your business is.
U.S. <b>News</b> to Cease Printing, Become Online Only - NYTimes.com
US News, the magazine that in recent years has gone from a weekly, to a bi-monthly to a monthly, will no longer exist in the printed form.
Australian <b>News</b> Site Issues Apology and Correction For Inaccurate <b>...</b>
On Tuesday Australian news site news.com.au (Australia's 3rd biggest news site) ran an article about the new Haynes Guide to the USS Enterprise (reviewed at TrekMovie on Monday). The news.com.au article contained this passage: ...
eric seiger
Small Business <b>News</b>: Building Your Small Business Empire
Thinking big in your small business will stop you from ignoring potential markets, and allow you to try those super cool ideas you might think your business is.
U.S. <b>News</b> to Cease Printing, Become Online Only - NYTimes.com
US News, the magazine that in recent years has gone from a weekly, to a bi-monthly to a monthly, will no longer exist in the printed form.
Australian <b>News</b> Site Issues Apology and Correction For Inaccurate <b>...</b>
On Tuesday Australian news site news.com.au (Australia's 3rd biggest news site) ran an article about the new Haynes Guide to the USS Enterprise (reviewed at TrekMovie on Monday). The news.com.au article contained this passage: ...
eric seiger
Small Business <b>News</b>: Building Your Small Business Empire
Thinking big in your small business will stop you from ignoring potential markets, and allow you to try those super cool ideas you might think your business is.
U.S. <b>News</b> to Cease Printing, Become Online Only - NYTimes.com
US News, the magazine that in recent years has gone from a weekly, to a bi-monthly to a monthly, will no longer exist in the printed form.
Australian <b>News</b> Site Issues Apology and Correction For Inaccurate <b>...</b>
On Tuesday Australian news site news.com.au (Australia's 3rd biggest news site) ran an article about the new Haynes Guide to the USS Enterprise (reviewed at TrekMovie on Monday). The news.com.au article contained this passage: ...
eric seiger eric seiger
eric seiger
eric seiger
eric seiger
Small Business <b>News</b>: Building Your Small Business Empire
Thinking big in your small business will stop you from ignoring potential markets, and allow you to try those super cool ideas you might think your business is.
U.S. <b>News</b> to Cease Printing, Become Online Only - NYTimes.com
US News, the magazine that in recent years has gone from a weekly, to a bi-monthly to a monthly, will no longer exist in the printed form.
Australian <b>News</b> Site Issues Apology and Correction For Inaccurate <b>...</b>
On Tuesday Australian news site news.com.au (Australia's 3rd biggest news site) ran an article about the new Haynes Guide to the USS Enterprise (reviewed at TrekMovie on Monday). The news.com.au article contained this passage: ...
big seminar 14
Personal finance and business finance are based on the same principles - only the scale is different. Let's see how business control their finances and apply it to your finances with 7 simple skills.
Skill #1. Learn Where Your Money Goes (Business controls its spending)
This skill is a very easy one to master, all it needs a little discipline. Just get a little diary, keep it with at all times and enter each spending transaction into it for a whole month. Do not leave anything out. Every coffee bought while you were out, every bought work lunch, every magazine and every item of clothing. Look at it and see where your funds are really going. Then think what you could have done without. If it was a work-day Starbuck's Coffee (say $5) - that's worth $1,000 per year! What you could you do with that? That's a short resort holiday or you could put it aside for emergencies.
Once you have the months' spending list, then group the items into categories. You could use Food, Clothing, Transport, Rent/House Payments, Medical and Car Payments etc.
Skill #2. Learn How Much You Really Have to Spend (Business knows what it has available to spend)
This is a little harder - but not much. List out your take-home pay (total income less taxes). Then take off your monthly payments such as house/rent, car, life insurance, credit card and medical insurance. The balance should be what is left to spend.
Skill #3. Learn How to Set Savings Goals (Business sets targets)
Once you have mastered Skills #1 and #2 it's time to sit down and think about what you really need to save for. Is it the kid's education? Is it a holiday for the family or yourself? Is it to set some money aside for retirement? Or, is it to replace the car, furniture or washing machine?
Look at your results in Skills #1 and #2. How much do you have left after taking your spending from your income? Is there anything left over? What happens if there was a spending emergency? What would happen if there was a major car repair cost? What happens if your fridge or washer dies? You need to set aside something each month to cover these events.
Skill #4. Learn How to Live Within Your Means (Business cannot spend more than it can repay)
If the results of Skills #1 and #2 shows that you are spending more than your income whose money are you really spending? It is the bank's or the Credit Card Provider's money. That money has a cost. It's the interest. That is one reason you need help now.
There are only two parts to this puzzle. Money in and money out. The trick is to make more or spend less, or a combination of both. Since it is easier to spend more that to earn more, let's look at some painless ways to spend less.
1. Don't buy things just because they are on sale - only buy when you really need them.
2. Think twice (or even three times) before spending on frivolous items
3. Think twice before you make that mobile phone call. Is it REALLY necessary?
4. Wait for things to go on sale. Usually there is no immediate need to buy many items.
5. Eat at home more often. 1 meal a week eaten at home, not out, could save you $750 per year.
6. Make your work lunch instead of buying it each day. This could save you up to $2,000 per year!
7. Stay busy - start a hobby, improve yourself by reading at the library - anything to keep you from shopping at the mall.
8. Buy clothes from discount shops rather than large up-market retailers.
9. Let your kids take the bus to school rather than driving them.
10. Try to eat natural foods rather than processed foods. You'll save money and stay more healthy.
11. Stop smoking. What a waste of money! It costs you money and it can harm your health.
12. Apply as much spare cash as you can to pay down your credit card debt quickly.
Now, how can you increase your cash coming in?
1. Improve you job/career prospects by taking a course, read books to enhance your work skills at the library.
2. Take online surveys. Check them out on the Internet.
3. Learn how to create your own website. Make your hobby pay for itself.
4. Clean out those items you no longer need. Fill up your car trunk and take them to a weekly or monthly market. You'll be surprised how much people will pay.
Skill #5. Learn How to Develop a "Savings" Mindset (Business only purchases at the best price)
Tell yourself from now on you're not paying full price again for anything. Not clothes, not furniture, not white goods, not car repairs, not insurances, not phones - not even food. Once you set your mind to it, you will find many ways to make this happen. It only needs the will. These tips will help:
1. When buying expensive items play off one store against another. Ask for the lowest price from one store then get the other one to better it. Do this a few times and you'll be surprised how much they can really cut the price!
2. Don't buy clothes at the height of the fashion. Find clothes that mix and match well.
3. Learn a little about how your car works. Don't just take your car to the repairer and say "fix it". Try to narrow down the problem yourself first. Get a couple of quotes.
4. Competition is a wonderful thing. There are always providers of services out these that are ready and willing to beat a competitor's price. This will work for phones (fixed and mobile), insurances, computers, software, car finance and house finance. Make sure the quality is to your standards though.
Skill #6. Learn How to Bargain and not Accept Paying Full Price Again. (Business needs to negotiate prices)
Always ask "What is your best price?" Don't ask "Is that your best price?" Be ready to tell the salesperson the best price you've received from their competition. Then ask the question again, "What is your best price?" Walk away if the price is not to your satisfaction. This is best used on white goods, furniture and vehicle salespeople.
Don't get too stuck on a specific brand or model. Look at all your options.
You can also look for the type of product you require on Ebay. Check their prices and use them to your advantage.
Skill #7. Learn How to Put Your Own Finance Plan in Place - and Stick to it. (Business needs a plan and commits to it)
Now that you have a few more skills to control money in and money out it's time to commit to a budget that will meet your savings and spending needs.
Find a budget plan system that satisfies your requirements. (You can find them on the Internet). Make sure the one you choose it lets you set your goals, checks your ability to meet those goals and then tracks your progress monthly towards those goals. Also, make sure it is good value for money. One system that satisfies all these requirements is "5 Steps to Freedom" Personal Budget. You can learn more by clicking on the links below or clicking on the Author's Profile.
If you learn these skills and put then into practice, you can truly "Laugh at Your Money Worries".
Bruce Hokin has designed a simple budget tool called "5 Steps to Freedom Personal Budget." It's based on his extensive background as a qualified, experienced accountant, manager, consultant and financial adviser. You can download
this powerful budget assistant today and be on your way to financial freedom within the hour. It is available at his website www.freedom-personal-budgets.com.
eric seiger
Small Business <b>News</b>: Building Your Small Business Empire
Thinking big in your small business will stop you from ignoring potential markets, and allow you to try those super cool ideas you might think your business is.
U.S. <b>News</b> to Cease Printing, Become Online Only - NYTimes.com
US News, the magazine that in recent years has gone from a weekly, to a bi-monthly to a monthly, will no longer exist in the printed form.
Australian <b>News</b> Site Issues Apology and Correction For Inaccurate <b>...</b>
On Tuesday Australian news site news.com.au (Australia's 3rd biggest news site) ran an article about the new Haynes Guide to the USS Enterprise (reviewed at TrekMovie on Monday). The news.com.au article contained this passage: ...
eric seiger
Small Business <b>News</b>: Building Your Small Business Empire
Thinking big in your small business will stop you from ignoring potential markets, and allow you to try those super cool ideas you might think your business is.
U.S. <b>News</b> to Cease Printing, Become Online Only - NYTimes.com
US News, the magazine that in recent years has gone from a weekly, to a bi-monthly to a monthly, will no longer exist in the printed form.
Australian <b>News</b> Site Issues Apology and Correction For Inaccurate <b>...</b>
On Tuesday Australian news site news.com.au (Australia's 3rd biggest news site) ran an article about the new Haynes Guide to the USS Enterprise (reviewed at TrekMovie on Monday). The news.com.au article contained this passage: ...
eric seiger
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