5 Tips to Help You Start Your Own Business with only $250

5 Tips to Help You Start Your Own Business with only $250

“Chase the vision, not the money, the money will end up following you.” —Tony Hsieh, Zappos CEO

Are you perhaps considering the option of launching your own start-up? Does the thought of working in a 9-5 job make you want to stay in bed and not get up in the morning? You might be in a position where you cannot find a full-time position, or you might be a stay-at-home parent with a couple of hours per day free each day.

It doesn’t matter what your reasons for opening your own business, what is important is that you would like to start your own business. Apropos to this, the rise of the world wide web as well as the ease in which the global denizen is now able to access the internet, has and continues to make a case for pursuing an online career.

5 Tips to Help You Start Your Own Business with only $250

Launching your startup

Once you have decided to open your own business, the next important step is to decide how you are going to earn an income, and where you are going to operate your business from. Because the assumption is that you only have limited startup funding,  I believe it makes sound financial sense to start an online business of sorts from your home office. Furthermore, in my opinion, the best business to start is a company that invests in one or more of the global financial markets.

How do you go about launching a stock market investment company? As with all startups, it is important to plan your business in intimate detail; consequently, here are several tips to help you launch your financial market investment startup:

Don’t overthink thing; just start

It’s important not to spend a long time pondering about whether you should start your own business. In my opinion, you should find a starting point and just start. You can think your ideas to death and nothing will ever happen; therefore, the idea is to begin working on your startup as soon as possible.

Business plans and business models

As part of the start-up process, it’s vital to draw up a sound business plan as well as a working business model. These documents cannot be static in nature; however, they need to provide a strong foundation for your business. In other words, they are designed to guide you in the face of changing economic and market conditions.

There are many reasons why every business plan and model needs to keep on changing as time goes by; however, one of the most important grounds for a financial market investment startup business model to change is every-changing, volatile geopolitical and socio-economic conditions under which we currently reside.

Education and Research

In order to invest successfully in the global financial markets, it’s vital to find the right online trading broker to partner with. As with all niches, the rise of the information age and the ease with which people can now access the internet, have allowed for many fly-by-night brokers to open their doors for business. Thus, it is critical that you conduct a comprehensive review of all of the current online trading brokerage firms before you decide which online trading broker you are going to sign up with.

Once you have decided on a trading partner, the next step is to open an account, pay the minimum deposit, and then to work through the broker’s education center to ensure that you understand fully how to go about placing successful trades. Your broker should have a demo trading platform that will allow you to practice investing in your chosen financial markets before you progress to the live trading platform.

Trading strategies

Much is being made of the current financial market volatility; as a result, one of the most important ways of overcoming the instability in the market is to stick to your trading strategy no matter what happens to the global financial markets. Don’t change your mind halfway through a trade; otherwise, you risk losing your entire investment.

Final words

Starting an online options trading business has never been easier. You don’t even need large sums of money to start trading on the global financial markets. Conversely, you need the following: a solid understanding of how to invest in options successfully, a trading strategy which suits the current, volatile market conditions, and finally, an investment partner (broker) who you can trust to give you sound trading and financial advice.

Is a College Education Unaffordable for Most People?

 College Education Unaffordable

A great deal of media coverage has been given to the idea that higher education is now unaffordable to anyone without rich parents or a trust fund. With millions of students graduating tens of thousands of dollars in debt, it is not hard to see why people are turning their back on college and electing to get a job instead.

President Elect Donald Trump put student debt on his presidential campaign agenda, so there is a chance that he will do something to help graduates struggling with huge debt, but in the meantime, that leaves us with the question of how to pay for a college education. Can it be done in an affordable fashion?

Investing in a Future Career

There is no doubt that going to college is expensive on many levels, but if you see a college degree as an investment in your future, it should help make things easier. The more educated you are, the easier your pathway through life will be.

People with a degree are eligible for better-paid jobs and are less likely to be out of work. In an increasingly competitive jobs market, the more qualified you are, the better, which is why an MBA in healthcare management is a sure-fire way to ensure you are promoted swiftly through the ranks if you elect to go into the healthcare sector.

Once you have gotten your head around the idea of investing in a future career, your next task is to look at how you can make a college education affordable. Luckily, there are several ways to do this.

Online Degrees

Studying online will significantly reduce the cost of obtaining a college degree. By enrolling on an online degree or MBA course, you can save up to 30% on your tuition fees.

There was a time when an online degree was considered a second-class qualification, but not anymore. Reputable institutions such as The George Washington University now offer online versions of their most popular degree courses.

Instead of attending campus to study for an MBA healthcare, you can enroll on a healthcare management degree online. It’s a flexible and affordable way to get a degree education, and perfect for students who prefer living at home, or who need to continue working while they study.

Study Part-Time

Holding down a full-time job while you study for a degree is a useful way of minimizing the cost of a college degree. Part-time or online courses make it easy for students to carry on working, so if you can’t afford to be a full-time student, look at online or part-time courses instead.

Ask Your Employer to Pay

Another option worth considering if you would like to get a college degree but you have no means to pay for it is ask your employer to cover the cost. Many employers are happy to do this, as it makes for a more loyal and productive employee.

In conclusion, it is clear that a college education is affordable if you think a degree will help your future prospects, so don’t let the cost put you off applying.

How to Simplify Your Money Setup and Enjoy Financial Freedom

simplify-finance

Good financial management is one of the toughest things a lot of people try to learn and master. But with a little effort and commitment, it shouldn’t be that complicated.

Essentially, you must understand and practice how to be a minimalist without necessarily having to become a recluse or depriving yourself of the good things of life. It’s more about how you’re able to simply and set up a smart and stress-free financial structure that helps you focus on what is important and secure your future.

Below are guidelines that set you on the path of this objective.

Focus on your need, not wants

By nature, we want more and too often get into a habit of splurging on impulse buys, shopping for pleasure, and looking to purchase items that boost our status or ego. This can lead to living in a house full of things that aren’t essential, and that we’ll eventually have to learn organize or get rid of.

This is a mindset that evolves from years of constant exposure to advertising; and it isn’t a habit that’s easy to stop. To work yourself out of this financial-limiting attitude, make a conscious effort to always differentiate between what you need and what you want or that’s more of a money-guzzling luxury. Focus your spending budget on your need.

Save for an emergency fun

Setting aside an emergency fund will give you a peace of mind, otherwise you’ll live constantly live on the edge, from income to income and month to month.

As the name implies, an emergency fund takes care of unexpected expenses (and they’ll come every now and then) and ensures your financial goals are not derailed.

So, start today setting aside a substantial buffer fund and slowly build it until you’re able to double or triple the sum. To achieve this objective, you’ll have to cut out unnecessary spending and periodic payments that’s become a routine but falls into your ‘want’ category. This list could include anything from magazine subscription, to cable TV, buying books that are readily available in the library, a bigger car, a bigger home et cetera.

Track your spending

if you can, carry a notebook or use a phone app that helps you track your spending.

One smart mobile tool is the B money-saving app, which helps you with great budgeting functions and lets you know when it’s a good time to spend or save money. The B app helps you see where your money goes, stay on your financial target, makes savings look less than a chore.

With limited practice, tracking your spending helps you develop a positive money attitude and avoid impulse spending.

Ditch the credit card, use cash instead

Credit cards are good, but only when you have financial discipline. More often, credit cards create a dent on people’s finances because they spur a habit of spending money that technically doesn’t belong to the holder and therefore keep them in debt.

It’s possible to use credit cards responsibly, but in most cases, they’re a huge temptation. It’s easier to have spending control with physical cash or debit cards, which represent money you actually own and don’t have to pay or accumulate interest on.

Grocery Shopping for the Broke

Grocery Shopping

If you are broke, the time is really tough for you. You have to think twice before spending, making sure you adhere to the budget after every purchase you make! Living on a budget of about $4 a day is a really big challenge. If your budget is so low, then probably you should tweak your food plan a bit. Consider green vegetables, brown rice or beans.

While doing this though, you shouldn’t compromise on nutrition in any way. When you are desperately trying to stretch a dollar, there are some foods recommended by nutritionists that you should buy from the nearby grocery store. Let us have a look at some of those foods for you:

Brown rice.

Brown rice is replete with vitamins, minerals and various antioxidants which are hugely beneficial to the body. Moreover, the high amount of fiber helps in slowing down the digestion process, making you feel full for a really long time. As said by many a nutrition and food consultants, fiber is the best nutritional component helping you with satiety, or in simple words the feeling of fullness. For all the broke blokes out there, they can be a really important component of your meal as they make up a fulfilling and tasty dish as well.

Beans.

Just like most of the items at a grocery store, buying an item in bulk can save you a lot of money. Beans cost really less, and when they are cooked expand, sometimes up to three times their original volume. They are so “transformatory” that three cups of beans can turn into as much as 9 cups by the end of cooking them. These when spiced up with flavors and various herbs can make a complete meal for you. This can be a highly creative and filling side dish while you are having your meals.

Beans also have high nutritional value. Replete with fiber and protein, they are also low in fat and sodium.

Potatoes. 

Contrary to the general opinion, potatoes are every bit nutritious as all other colored vegetables. They are so versatile that they can be cooked with almost anything, in a variety of ways. They contain more than 45% of the daily required intake of Vitamin, 18 percent of the fiber required and also 18 percent of potassium, which is necessary to regulate the blood pressure in the body. Owing to their really low cost, they are one of the cheapest sources of dietary potassium.

Peanut butter.

If protein is your requirement, this is one of the most economic and tasty sources of that. Apart from protein, it is replete with healthy fats, antioxidants and various kinds of minerals. The resveratrol in peanuts, which is also an antioxidant found in red wine, are a really important antioxidant required by the body. Cheap and healthy!

Protein bars.

At a really low cost, they have a lot of protein; just make sure that it isn’t the only diet that you take! People have followed crazy schedules with protein bars, and have just lost their weight, and health as a whole. Make sure you just take this as a snack, once in a while.

The notion that fast food is cheaper than fresh food is seriously flawed. Though it is quicker to prepare, it shouldn’t ever replace the meal containing fruits and vegetables, as it is in the best interests of your health. Health is paramount; choose wisely before you make your purchase! And next time, think before you spend!

Things to Keep in Mind before a Major Expenditure

expenditure

Let’s say you’re about to make a really big purchase – maybe you’re buying a house or a car; or it might that you’re thinking of making a big change in your life like making a move from one city to another? These things would be counted as major expenditures to pay for which you’ll have to dip into your savings no matter what. It’s possible that you can take out a loan to deal with the matter but that would also require you to take some money out of your savings to pay the deposit fees which will probably not be such an insignificant sum. So for all intents and purposes, this major expenditure, whatever it might be, is going to cost you. It will take out a significant chunk of the money you’ve been so painstakingly saving as well as affect your financial stability in the long run.

It’s essential that you don’t take these major expenditures lightly. If any expenditure has a great effect on your finances it should be dealt with carefully and lots of planning in advance.

The first question to ask yourself before you spend the money is, do you really need to do it? Sometimes major expenditures are either necessary or useful. If you need to spend money on your higher education then by all means, go ahead and do it. This is more likely to have good effects on your future and will outweigh the cost, as it will increase your chances of employment greatly. However, there are many expenses which might not be quite so essential. For instance, before purchasing a car you must list down all the reasons you need to buy such a thing and whether there are no alternatives to it. If you can’t comfortably afford to buy a car, it’s better to forego that and go for more economical means of transport.

If after all this deliberation you come to the conclusion that such expenditure is necessary, the most important thing for you to consider would be the budget. Take note of all the money you have and if it affords you financial stability. It’s important to keep in mind how much you have, and then decide how much you can spend based on that. In case you’re confused, it’s always a good idea to consult financial experts on the matter and let them help you fix a budget for this expenditure.

Once you’ve set a budget, try your best not to stray from it. Overspending can be disastrous to your personal finances. Stick to your budget when you’re spending the money. In case of a major purchase, if what you’re looking at costs way more than what you’d planned to spend, it’s best to set that aside and look at other similar items which answer all your needs but is affordable.

9 Tips to Save Money when you’re in Grad School

grad

Anyone who’s trying to get a Masters Degree or a PhD knows how difficult it can be to be carefree about money when you’re in grad school. It’s not the same as when you were in college the first time around. You’re older therefore supposed to be more mature, responsible and completely self sufficient.

We know how tough things can get. Even if you juggle school and a job on the side, a lot of necessary expenses – rent, food, textbooks, and tuition – can take out a lot from your savings. And then there’s the tiny matter of saving up for the future for when you’ll no longer be a student. Most people don’t land a job right after stepping out of grad school. There are interviews to appear for and finding the right kind of employers to suit you (who in turn take their sweet time trying you out for size). It’s absolutely essential that you think ahead and save up for these times so that you don’t end up having to skip a meal or two just so you can find the right suit for your interview.

Money is a bare necessity. Grad school itself is expensive and involves a lot of costs. Instead of living paycheck to paycheck, here are a few tips you can follow to save up when you’re studying in grad school.

  • Save on rent. Find a nice, cheap place to live. Remember you don’t need a Jacuzzi or a well decorated front porch. Find a place that is clean, comfortable and suitable for your budget. It’s best to have a roommate in your grad school years so that you can split the rent and save up that way.
  • Be social but frugal. One of the most enjoyable aspects of school is the social life. You’re not under your parents’ reign anymore, nor do you have a curfew. Enjoy your life as much as you can before work takes over but be careful not to spend too much money on social activities. Avoiding bars and drinking at home or at a friends’ place can be surprisingly effective to save some money.
  • Walk or bike to work. Neither of these activities will cost you money, and these are good for your health!
  • Switch off the lights when you don’t need them. Saving up on electricity bills can go a long way in keeping your cash with you. Make a habit of switching off all lights, fans and other electronic appliances when you don’t need them.
  • Get in the habit of shutting down your laptop instead of just putting it on standby. Laptops are notorious for raising expenses. Putting it on standby will drain the laptop battery of its power faster; it’s better to just shut it off and turn it on when needed so you don’t have to waste extra power charging it up too frequently.
  • Pack your own lunch. Eating healthy food like fruits and veggies instead of take outs will help you save money. Pack your lunch with light, inexpensive healthy food and avoid eating fast food as they have long term effects on your health and will eventually lead to extra costs in the future.
  • Cut down on unnecessary expenditures. Avoid spending too much money on things you don’t need. Before buying something ask yourself if you really need it and if you will fare too badly without it. If the answer is no, don’t buy it and save that money for when you really need something.
  • Join a library. Grad school costs a lot as it is. Instead of buying first hand textbooks, join a library and make a habit of taking notes as meticulously as possible. A simple library membership costs a lot less than buying hundreds of textbooks every semester.
  • Make use of students’ discount whenever possible. This is one of the ways you can enjoy your life in grad school whilst saving money as there are students’ discounts on public transport, in movie theatres, retail stores as well as bookstores. Take advantage wherever and whenever possible.