Category: Money Mindset

Rich Money Habits Carnival – Frugality and Success

Post author By akosiallan
Post date March 1, 2010
7 Comments on Rich Money Habits Carnival – Frugality and Success

Welcome to the second edition of the Rich Money Habits Carnival!

In this edition we will highlight the top 5 frugality and success articles out of the tons of money stories we’ve received during the month of February. May these articles inspire you to live a wealthy and successful life. Enjoy!

Rich Money Habits Top 5 Picks

Steve C presents Why Being Frugal Can Only Take You So Far On Your Path To Wealth posted at MyWifeQuitHerJob.com. RMH – A great read on the age-old dilemma of going too cheap. Steve argues that raising your income by working on your business gives back way bigger returns than the measly saved income you gain from cutting back expenses.
Faizal Nisar presents Secret of Success: YOU | Be Truly Happy posted at Be Truly Happy, saying, “Creating money begins in the mind. Once you learn that success is a mindset, you can become rich in any industry.” RMH – Inspiring article on taking responsibility for your own success. The question at the end says it all, “will you take responsibility for your success, or blame others for your failure.”
KCLau presents Focus: Achieving Goals posted at KCLau’s Money Tips, saying, “A guest post by Sayeed, a senior manager in a large MNC in Penang on how he achieved his financial goals.” RMH – Interesting article on why we should keep on dreaming. Sayeed offers 5 tips on how to focus on your dream and achieve it. My personal favorite – “get 15 minutes a day to read a book, best before going to bed. Develop the habit from there…”
FIRE Getters presents A Simple Budget That Works? posted at FIRE Finance. RMH – Very helpful tips on how to make your budget “actually” work. The article aptly describes the problem of budgeting as being “too complex and rigid” while real life demands “flexibility and simplicity.”
Wenchypoo presents Ending Bureaucracy posted at Wisdom From Wenchypoo’s Mental Wastebasket. RMH – Great article explaining what bureaucracy means. While reading the article, I couldn’t help but compare it to how big companies “bureaucracies” disguised these things as “processes”…in reality, all these “processes” do is delay you from doing what you really need to do in the first place.

Other interesting articles in this edition

Money Stories

tristin presents This Is Me ? I Will Become a Millionaire posted at tristinaugustus.com.
Nathan Bishop presents 100 Best Companies To Work For 2010 posted at The Debt Hawk, saying, “100 Best Companies To Work For 2010”
MyMaria presents Debt Snowball: Making Progress posted at Frugal Homesteading Blog, saying, “We’ve paid off more than 75% of our debt since we started doing the debt snowball. Here’s how.”
Credit Shout presents Credit Cards From A College Students Perspective posted at CreditShout.

Business

Frank Goley presents Why a Business Plan is so Important to your Business Success posted at Business Success Strategies, saying, “The business success strategies blog is written by small business success expert, Frank Goley, the chief business consultant for ABC Business Consulting. Frank has more than twenty years experience helping companies start, grow, turn around and succeed.”
Eadwine Walter presents Why Are College Students Dropping Their Business Majors? We Give You the Stats. posted at Online University Data, saying, “Ironically, while the economy is in the tank, statistics reveal that the percentage of college freshmen who plan to major in business is at its lowest level since the mid-1970s.”
Martin Russell presents My Biggest Mistake Starting Off posted at Martin Russell.
Glory Scott presents Maruti Suzuki to roll out Sports Car ‘Kizashi’ in India posted at Breaking News Online, saying, “Maruti Suzuki India is all set to roll out its sports luxury car, ‘Kizashi’ in the Indian market. The car is expected to be priced at Rs 10 lakh – 13 lakh. It will give a tough competitions to brands like Toyota, Honda, Hyundai, Skoda and Volkswagen.”
John Paul Aguiar presents Why You Need To Be A Affiliate Marketer Today posted at Money Dummy Blog.

Personal Finance

Lazy Man and Money presents Seven Things You Must Do to Prepare for An Emergency posted at Lazy Man and Money.
Roshawn Watson presents Americans Have Loss Financial Hope posted at Watson Inc, saying, “A recent study highlights how Americans have loss hope for getting rich”
Kathleen Gaga presents One of the most effective ways to energetically attract money posted at Daily Awareness, saying, “You must expect nothing in return. Not from where you give your money nor from any other source. Simply give because you want to give.”
CreditCardAssist presents Card Issuers Step Up for Haitian Relief Efforts posted at Credit Card Assist, saying, “Credit card issuers have stepped in to assist with Haitian relief efforts by waiving interchange fees on relief donations and donating money to international relief organizations.”
youngandthrifty presents youngandthrifty joins the ?Million Dollar Club? posted at youngandthrifty, saying, “Youngandthrifty takes the plunge and joins Budgetsaresexy’s Million Dollar Club- whereby members pledge to have rich money habits in order to reach a net worth of a cool million.”
JJF presents IRS Imputed Interest Rules | IRS Tax Advice posted at The Personal Finance Blog.
Patrick @ Military Money presents Which Types of Insurance Do You Really Need? posted at Military Finance Network, saying, “This article covers some of the basic types of insurance needed by most people, young and old.”
ABC presents Income Tax Brackets And Marginal Tax Rates for 2010 posted at ABCs of Investing, saying, “Complete list of income tax brackets and marginal tax rates for 2010.”
Four Pillars presents Complete Tax Return Myself Or Should I Hire An Accountant? posted at Quest For Four Pillars, saying, “Should you complete your own tax return or hire an accountant?”
PT presents How to Cook a Better Steak for Less posted at Prime Time Money.
FMF presents What Your Boss Wants You to Do posted at Free Money Finance, saying, “Your career is your #1 financial asset. This post tells how to make the most of it by delivering the results your boss wants delivered.”
Joel Ohman presents CARD Act | Credit CARD Reform Act of 2009 | Credit Card Accountability Responsibility & Disclosure Act posted at Credit Card Chaser, saying, “A 5,000 word guide to the Credit Card Accountability, Responsibility, & Disclosure Act of 2009 (CARD).”
Weddings Affordable presents Wedding Help From Friends and Family posted at Affordable Wedding Planning, saying, “A great way to save money on your wedding is to enlist help from your friends and family.”
Cathy Stucker presents Finding Money posted at Cathy Stucker, saying, “Know that cool feeling of reaching into your pocket and finding a $20 bill you forgot about? Multiply that feeling by 10’s or 100’s with the tips in this post.”

Investing

BeaBu presents Are You a Bear or a Bull? Or a BeaBu? | BeaBu posted at BeaBu.com, saying, “Investors, short sellers, and the others – why you should trade on both sides. BeaBu.com is a blog about risk taking, macro trading, and alternative investments.”
MoneyNing presents Avoid These Five Investment Mistakes posted at Money Ning, saying, “Don’t make the same mistakes I did and avoid the pitfalls with these simple but important points.”
Abdulrasool Sumar presents How to Retire as a Millionaire with your 401k Plan and 7 Strategies to Achieve Growth of your 401k Plan posted at 401k, saying, “Learn the story of Knute Iwaszko who saved $1 million in his 401k plan with a $60,000 annual salary and paying the costs to raise 5 kids. You do not have to be a Goldman sachs CEO or a whiz kid on Wall Street making millions!”
Gracie Turner presents The Heaviest Price Tags In Higher Education posted at Online Colleges.net.
Jasmine Hall presents 100 Best RSS Feeds for Your Financial Literacy posted at Accounting Degree.com.
Hoven Keith presents Ultimate Guide To Biotech ETFs posted at ETFdb, saying, “ETF investors looking to gain exposure to the biotech sector have a number of options to consider–five to be exact. While there are some similarities between these funds, there are also some significant differences that result in unique risk and return profiles and diverging returns. In this article, we profile each of the ETF options, highlighting the pros and cons of each.”
Honeypurple presents 100 Important Personal Finance Posts for Women posted at Accounting Degree.com.
Debt Hawk presents Best Mutual Funds 2010 posted at Best Mutual Funds Now, saying, “The Best Mutual Funds 2010 will be determined at the end of the year. What needs to be evaluated is which ones have the best prospects of having the greatest returns and which one will be consistent.”
The Investor presents Rebalance your portfolio for your benefit, not the tax man’s posted at Monevator.com, saying, “Rebalancing your portfolio between stocks, bonds and other assets can boost your returns and reduce risk over the years – but don’t reduce the benefits by increasing your tax bill.”
The Smarter Wallet presents Peer To Peer Lending Sites: Lending Club vs Prosper vs Kiva posted at The Smarter Wallet.
Steve Patterson presents FastSwings – Blogs – Netflix (NFLX) Continues to Move Higher posted at FastSwings, saying, “If analyst nudge their expectations higher again, the stock should move accordingly. Look for this increase as a chance to buy or look for a slight sell off for your chance to trade the stock long.”
Patty Pedersen presents Seven Ways to Invest in Auto and Auto Part Stocks posted at AlphaProfit MoneyMatters – Investing Blog, saying, “Auto stocks are a favorite of the momentum crowd. Assets in Fidelity Select Automotive have swelled 20 times from a year ago. This article presents five prudent auto plays including Autoliv and Penske Auto.”

Other

nissim ziv presents Career Goals: Examples of Career Goals and Objectives posted at Job Interview Guide, saying, “Every now and then we come across people who are unhappy with their jobs. The reasons of their unhappiness may vary – they do not like their work schedule, or they do not like a particular colleague in their office, or even that they do not like their boss. However, these vague reasons actually serve as a cover for the underlying reasons of all dissatisfaction with jobs – the employee is unaware of or has not given thought to his or her career goals and objectives”
Peak Personal Finance presents Advantage of Having a Tax Professional Do Your Taxes posted at Peak Personal Finance, saying, “It can really pay to hire a professional.”
Joe Johnson presents How to Be Fashionable on a Budget posted at Fashion Merchandising, saying, “About saving money and resisting impulse purchases when buying clothes.”
Silicon Valley Blogger presents Balance Transfer Credit Card Tips, Facts and Traps posted at The Digerati Life, saying, “Find out how balance transfer credit cards can help you out.”
Four Pillars presents How Many Years Should You Keep Tax Paperwork posted at Quest For Four Pillars, saying, “If you have just filed your taxes – then keep your paperwork for a while.”
Deposit Accounts presents How to Build a CD Ladder (Infographic) posted at Deposit Accounts.
Rugbygirl Crosby presents Top 50 Sports Business Blogs posted at Sports Management Degree.
MatthewPaulson presents Tips to Repair Bad Credit posted at Fine-Tuned Finances.
Billeater presents Foreclosure – Should You Walk Away From Your Home posted at Billeater.

That concludes this edition. Submit your blog article to the next edition of Rich Money Habits Carnival using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

Technorati tags: rich money habits carnival, blog carnival.

Tags frugality, Investing, money, personal finance, Rich Money Habits, starting a business, Stock Investing, Stocks

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Reader Question: What to do with an extra PhP 50,000?

Post author By akosiallan
Post date February 19, 2010
5 Comments on Reader Question: What to do with an extra PhP 50,000?

I recently received an email from an avid reader of this blog. He asked me one simple question. He said,

“I have an extra PhP50,000. I don’t know if I should invest it all in RTBs? What do you think? What is the best thing I can do with my money?”

I remember sending a quick note asking him more about his financial situation whether he has any existing debts he can pay off with the PhP50,000 or if he has saved up for an emergency fund. If he’s financially OK with both, I then asked him if he’s willing to leave his money in RTBs for the long term (at least 5 years)? If not, perhaps he can consider using the extra money to start a small business.

Upon reflecting on the question, I realized this is a question most of us will face at least once in our lifetime.

The key to taking control of your own money

If you really want to be rich, one question you’ll have to ask yourself more often than anything else is —

“What is the best thing I can do with my money?”

Do you remember the time you received your last 13th or 14th month bonus? Maybe, about 2 months ago? 🙂 Suddenly you had extra cash to do whatever you want. Or perhaps when one of your grandmother was so pleased with you receiving honors on your graduation, she gave you a $100 gift? Or when you recently got your first promotion as a Team Lead and got a whopping PhP 3,000 as bonus?

All of these brought you the same thing – the sudden problem of having “too much money”.

Now, don’t get me wrong. I’d rather have the problem of having “too much money” than the problem of “not enough money.”

Why having too much money is a problem

As some of you may realize, having too much money is indeed a problem. Granted, not many people are currently facing this problem, especially in this time of recession. These days, people are more familiar with the problem of “not enough money”.

If you have this problem of having too much money, congratulations! You have the opportunity to face a different kind of challenge in your journey to financial freedom. The challenge is to fully utilize your extra money and ask yourself what is the best thing you can do with it.

How people try to solve having too much money

1) Spend it

For some, the answer is simple. Spend it. Spend it on something you want. You want that cool gadget they call the “iPad" or the earlier generation and wildly successful “iPhone 3Gs”? Now, you have the money to pay for it – in CASH!

Or how about the smooth talking salesman offering you a limited-time-only-special-edition watch for ONLY PhP50,000? He lets you hold the watch on your hand and shows you how it would perfectly fit into your tiny wrist. After a while, you start to convince yourself. You say “I deserve to have this gorgeous watch”. After all, you do deserve the reward after so many hours of working hard at the office.

This is the most common way people use their extra money. Unfortunately, the ultimate question still remains – “is that the best thing you can do with your money?”

2) Invest it

For others, it is more complicated than that. Their solution? Invest it! But how?

There are people who define their investments with what they can put under their name. Invest it in a car or a house, they say! It is an asset, right? Of course, it is an asset says your banker. Unfortunately, he doesn’t say whose asset it is. The truth is, it is the bank’s asset. When you pay your mortgage every month, or your car loan, the reality sinks in and you realize that the bank is making money from you.

Other people likes risky & highly leveraged investments. The truth-they are just plain gamblers and not investors. You will hear them say

“Never mind, give it to me. I’ll make your PhP50,000 into a hundred million in 3 days. I’ll buy a lotto ticket and when I win, I’ll split the money with you.”

The successful investors like Warren Buffet, on the other hand, live with a different mindset from the rest. They made their money through sheer hard work, a lot of financial intelligence, and allowing the system to work for them. Yes, they also lose money. But they have gained more – knowledge and experience. After many many years of ups and downs of the market, they still ended up making a lot of money in the process.

So, which investor are you?

3) Donate it

The 2 richest people in the world both donate to charities. Bill Gates donates some of his money through the Bill and Mellissa Gates Foundation. Warren Buffet is a big fan of tithing and in fact planning to donate most of his money as part of his last will.

When you donate, you are allowing yourself to believe that you CAN give. You allow yourself to believe that life’s blessing is so abundant that sharing it will make it even more meaningful. When you GIVE, you gain so much more.

Unfortunately, while we busily try to earn a living and make money, we tend to forget that money is a gift to bless yourself and others. A gift that reflects what is important to you and defines who you really are – God’s blessing to others.

In the end, deciding how to spend your extra money is all up to you. Anyone can advice paying off your debt, save for emergency, buy insurance, or any other advice that seem wise.

The reality is, I do not know your situation. We are all facing different circumstances. The advise to start a business may work wonders for some, while it may lead to bankruptcy for others.

It is only YOU who knows what’s the best thing you can with your money. Because it’s only YOU who knows what’s important to YOU.

So, what would you do with an extra P50,000?

Tags What to do with your extra money?

Life Updates Money Mindset Passive Income Personal Finance

Rich Money Habits Gets Featured!

Post author By akosiallan
Post date February 8, 2010
3 Comments on Rich Money Habits Gets Featured!

I’m very excited today. Rich Money Habits just got featured at MoneyHackers.net! Here’s an excerpt of the interview.

What encouraged you to start Rich Money habits?

It has been said that we are creatures of habit. Some money habits make us poor, while others make us rich. The key to being rich is knowing which is which.

My money habits growing up can be described as “working hard for money”. The only way I knew how to make money then was to work hard and and get paid at the end of each month.

Being young and foolish about money, I made sure that my “hard work” was compensated by having lots of fun. I have earned and spent my money as if there’s no tomorrow, dining out with friends, buying the latest gadget, or buying home appliances all at once, EVEN if I didn’t have the money to pay for it. I only had to use my new credit card.

When my debts piled up, I realized that my money habits are eating me alive. I even had to do cash advance on my credit card just to pay for rent. That was a wake up call for me. I realized I had better take care of my own money by controlling my own money habits or I’d end up begging for money to pay for what I eat.

That proved to be a turning point in my financial life. My journey of trying to learn how the world of money works started by discovering my own “poor” money habits and forming new “rich” money habits to help me get started in taking control of my own finances.

Rich Money Habits was born out of my desire to help people take control of their own money habits. It starts with recognizing that years and years of “poor” money habits programming cannot be undone overnight. It takes constant exposure to the financial habits of the rich, making your own financial mistakes, and having the courage to take action in spite of financial failures. More importantly, Rich Money Habits was built in the hope of cultivating a community where people can learn and encourage each other to discover and strengthen the “rich man” within each one of us.

How does Rich Money habits differ from other financial sites?

The main focus of Rich Money Habits is in helping you develop the mindset of the rich in the hope of drawing out the “rich man” in you to help solve your own financial problems.

Some financial sites focus on being frugal. Others focus on ways of saving. While a few concentrate on the different investment vehicles, whether it be online savings accounts, mutual funds, real-estate or stocks.

Even though Rich Money Habits will occasionally feature these topics, it is mainly to highlight the money mindset behind the financial decision and examine how and why people take advantage of these financial vehicles in the first place.

Does personal experiences play a key part in the content of your blogs?

My personal experiences (both successes and failures) are occasionally included in some of the articles in Rich Money Habits in the hope that it might help encourage other people to explore and discover their money habits on their own.

Where do you get the ideas for your blogs?

Ideas are a dime a dozen. I’ve read hundreds of personal finance books, magazines, blogs, attended financial seminars and coaching, designed software solutions to major financial services companies but nothing beats jumping in and experiencing how to solve your own money problems. Listening to other people’s money problems also allows me to tune in and understand why people do what they do with their own money. My goal is to extract the valuable financial lessons from all these sources and effectively communicate those gem of money ideas to readers of Rich Money Habits.

What are some key concepts to keep in mind when creating a budget?

One thing I learned about a traditional budget is that it doesn’t work – at least for me anyway. I don’t keep a detailed list of all transactions that I make. What works for me is keeping an overall picture of where my money is coming from, where is it going out, and more importantly, if I’m keeping any of it at the end of each month. If I need to know where my financial life is, I can check my accounts and instantly get an idea if my money is growing or not. I’ve learned to stay flexible and treat a budget like a plan that has to be continually refined as I go.

What is some financial advice you could give our readers?

Keep learning. Keep dreaming. Keep building your own rich money habits.

Thanks to Lydia @ MoneyHackers.net for the interview. The original article got published @ http://www.moneyhackers.net/465/interview-with-allan-from-rich-money-habits/.

Tags budget, financial advice, Rich Money Habits, Rich Money Habits Interview

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Rich Money Habits Carnival: First Edition-Best Money Stories To Jumpstart Your Year!

Post author By akosiallan
Post date January 28, 2010
7 Comments on Rich Money Habits Carnival: First Edition-Best Money Stories To Jumpstart Your Year!

Welcome to the first edition of Rich Money Habits Carnival-Best Money Stories To Jumpstart Your Year!

Every month we will be featuring the best articles in the world of personal finance through the Rich Money Habits Carnival. In this first ever edition, we’ve reviewed a total of 27 articles submitted by personal finance bloggers and picked 5 of the best money habits stories to jumpstart your year on the right note and inspire you in your journey to financial freedom.

Rich Money Habits’ Top 5 Picks

PT presents How to Negotiate Price posted at Prime Time Money. [RMH] Great tips and examples on how to negotiate to save on haircut, shipping, and freebies. The advice, “don’t be afraid to ask for a little something extra or a discount for being a good customer” is spot on.

Anastasia presents Discover Your Personal Model of Success in 10 minutes posted at LIVING ON A BUDGET. [RMH] Interesting article on how to discover your personal models of success (a.k.a your dreams), identifying how much you’re willing to bid or pay for your dreams, and re-examining what’s important to you.

Lovelymary presents 100 Extreme Ways to Save Serious Money posted at Accounting Degree.com. [RMH] A very long list of unusual money saving tips bordering on being too cheap but funny nonetheless. Some of my favorites are: on personal care-“No more toilet paper”, and on Food-“Ignore expiration dates.” Hilarious! 🙂

Roshawn Watson presents Thoughts on Escaping The Rat Race posted at Watson Inc, saying, “Do you yearn to be free…really free? What would you do if money was not a limitation? Perhaps the primary reason for increasing your financial literacy is so you may indeed escape the rat race.” [RMH] Great solid tips and advice on achieving financial freedom. More importantly, the article recognizes the fact that the battle is not in learning the “how” but discovering your “why” in your journey to financial freedom.

Abigail Perry presents i pick up pennies: Sleep and personal finance posted at i pick up pennies, saying, “Not getting enough sleep? You could be endangering your money!” [RMH] Great article describing how your lack of sleep may be costing you more than you know.

Business

Frank Goley presents Strategic Planning for Business Success posted at Business Success Strategies, saying, “The business success strategies blog is written by small business success expert, Frank Goley, the chief business consultant for ABC Business Consulting. Frank has more than twenty years experience helping companies start, grow, turn around and succeed.”

Lyn Wooten presents Work From Home Typing Jobs – How To Get Started Today! posted at Lyn Wooten, saying, “Work from home typing jobs are hard to find if you’re not looking in the right places. Discover a quick and easy work from home typing job you can get started with today.”

Investing

TheSmartestConsumer presents Real Rate Of Investment Return posted at The Smartest Consumer, saying, “Understanding real rate of return is important for successful financial planning.”

Silicon Valley Blogger presents Online Discount Brokers: SmartMoney Broker Survey posted at The Digerati Life, saying, “Thanks!”

The Smarter Wallet presents TradeKing Review: Top Discount Brokerage posted at The Smarter Wallet, saying, “Thanks for the carnival!”

John Laugherton presents Ultimate Guide To Agricultural ETFs: Agriculture ETF Investing 101 posted at ETFdb.

Frederick Yarmy presents Definitive Guide To India ETFs: India ETF Funds 101 posted at ETFdb.

Diane Steward presents Ultimate Guide To Dividend ETFs: How To Find A High Dividend ETF posted at ETFdb.

ABC presents What Are Money Market Mutual Funds posted at ABCs of Investing, saying, “A brief explanation of money market mutual funds.”

Sam presents ETF Exchange Traded Funds Are a Great Investment Strategy. Buy and Sell easily. posted at Surfer Sam and Friends.

Personal finance

Nate Kragness presents My Free Cash | Portfolio Insurance: Designing an Ethical Asset Protection Plan posted at My Free Cash | Your Guide to Money Management, saying, “Designing a solid yet ethical asset protection plan is one of the most important ways to protect your portfolio from the unforeseen, and can be even more important than carrying a general insurance policy. By creating redundant layers of separation between your assets, you can insulate and protect yourself from judgments, and even avoid lawsuits altogether.”

Mr Credit Card presents Best Business Credit Cards Recommendations for 2009 posted at Ask Mr Credit Card.

Abdulrasool Sumar presents What is a 401k Plan? History of 401k Plans & Annual Developments Timeline from 1978 – 2003 posted at 401k, saying, “As at 2003, total estimated number of 401k plans was 438,000 in America with assets totaling $1.9 trillion & 42.4 million active participants. Do you have a 401k plan?”

Abigail Perry presents i pick up pennies: Should you correct others’ mistakes? posted at i pick up pennies, saying, “If you notice a clerk’s mistake in your favor, are you obligated to say something? Where is the limit?”

KCLau presents DREAMS Do Come True!! – Our actions and visualizations set our Future posted at KCLau’s Money Tips, saying, “This is a guest-post by Sayeed, a senior manager in a large MNC in Penang about wealth accumulation”

nissim ziv presents Career Goals: Examples of Career Goals and Objectives posted at Job Interview Guide, saying, “It is only when a person has a clear thought about his/her career goals and objectives that he or she gets ultimate satisfaction from his/her job and therefore progress faster. This article covers many examples for your career goals & objectives.”

Darryl Holland presents Why You Should Care About Your Credit Scores posted at Credit Secrets Revealed By Darryl, saying, “Learn to improve your credit score by up to 247 points in the next 90 days.Soon you will be able to proudly run a credit check with no shame.Stop paying more interest for your loans and credit cards.Start getting those low interest rate loans that you deserve.The Credit Secrets Revealed ebook will help you solve your credit problems.”

Big Cajun Man presents Adventures in Car Buying (or Now that is Chutzpah!) posted at Canadian Personal Finance Blog, saying, “Chutzpah is important, but you should be the one with it, not the person selling to you!”

Credit Shout presents American Express Preferred Rewards Gold or Platinum? posted at CreditShout.

BankShout presents TD Bank Relationship Checking Review posted at BankShout.

Four Pillars presents Why You Might Need A Tax Attorney Rather Than A CPA posted at Quest For Four Pillars, saying, “Some benefits to hiring a tax attorney over a cpa for serious tax issues.”

Real Estate

Peak Personal Finance presents Tax Advantages of Having a Mortgage posted at Peak Personal Finance, saying, “Are the tax advantages of having a mortgage worth it?”

That concludes this edition of Rich Money Habits Blog Carnival.

Submit your blog article to the next edition of rich money habits carnival using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Business Life Lessons Money Mindset Passive Income Personal Finance

Passive Income Opportunity Myths & Realities: How to Spot a Scam

Post author By akosiallan
Post date January 26, 2010
2 Comments on Passive Income Opportunity Myths & Realities: How to Spot a Scam

The idea of a passive income attracts a lot of people mainly because it promises to earn you money while doing little or no work at all. Some even think of having a passive income stream as an opportunity of a lifetime. Who wouldn’t want to earn money while you sleep? Who wouldn’t want to make money the easy way? Who wouldn’t want to sit comfortably on the beach, drinking a glass of your favorite drink while your “passive stream of income” works hard to make money for you.

That is the dream, right?

What is passive income?

Passive income is the residual income you receive from rental properties, royalties from your books, licensing income from your businesses, etc. This income is passive because it supposed to be earned with little or no work required from you at all.

While passive income promises a lot of things, it is NOT without a price. Identifying the myths & realities of a passive income opportunity allows you to spot if it’s an opportunity of a lifetime or a total scam.

Myth: Little or no work at all

Reality: A lot of upfront work

The most common myth about a passive income opportunity is the allure of not having to work at all while money keeps coming to you. While this may be true at some point, it is NOT the complete picture. In most cases, the reality is that setting up these passive streams of income requires a LOT of hard work especially in the beginning.

Real Estate

One of the most common examples of a passive income is rental income from tenants through real-estate properties. To some degree, it is a passive income. But still not purely 100%. If you are the one managing the property, you have to worry about maintaining the property and possibly fixing toilets in the middle of the night. 🙂 If you do hire a real-estate managing company, then you would need to make sure they do their job and worth more than you’re paying them. Otherwise, you stand to lose more compared to running the business on your own.

Business

Ask any employee what they plan to do after retirement. Most of them will answer that they want to go into business because “finally” they have enough capital to do so. Unfortunately, it could be the riskiest move they will ever make. The odds are against them. Statistics say that 9 out of 10 businesses fail in the first 5 years. Few do make it. Others are forced to go back into employment. The rest are content to live a “cheaper” lifestyle and forego their dreams.

Running a business needs your time and attention. It demands your focus. For that reason, it is not a passive income until you’re able to setup your business systems. Setting up these systems will demand your hard work, your patience, not to mention your time and money.

If you’re able to set these systems up properly and hire a great CEO to run your business, only then can you let the system work for you and allow it to give you a steady stream of passive stream income.

However, if you setup the wrong system, especially if the system requires you to be the one managing the property, you will end up having a job instead of a sustainable business system.

Myth: You need a lot of money

Reality: Having money is not a guarantee

Some people think that building systems to create passive income requires a lot of money. The reality is that successful entrepreneurs are not hindered by the lack of money in setting up their business systems. They even use it as an inspiration to be more creative in selling their ideas to potential investors and partners.

While having money is an asset to a savvy entrepreneur, it is actually a liability for someone who doesn’t know what he is doing. A lot of money in the beginning for an inexperienced businessman can be a hindrance to his success. With money readily available, a frustrated and inexperienced entrepreneur can just throw away money at any problem that comes his way.

This is hardly the way to set up a business system. It will only make the problem worse because the real problem is not identified and fixed, hence, the system does not improve. All it does is throwing money down the drain.

In the end, money is an asset or a liability depending on how a person makes use of it.

Myth: Setting up a passive income stream is very hard

Reality: Setting up a passive income stream can be learned

While setting up a passive income requires a lot of work especially in the beginning, it certainly is not limited only to hardworking individuals. Sometimes, not wanting to work hard can also be your asset as it forces you to think of ways to setup the business without you having to work for it.

You can choose to hire hardworking employees to do the work for you. You can spend your time learning and figuring out how to set up efficient systems. You can concentrate on the 20% of things you do that brings in 80% of your output and delegate all the rest.

Doing any of these things allows you to leverage your business system to complement your employees’ strengths and provide more high-value offerings without necessarily doing the work yourself.

Internet

In this day and age of living in the information superhighway, it is now easier for someone to be in business. With access to the internet, someone working at home can setup a blog or sell stuffs through ebay, amazon, or other online stores. While this requires you to learn how internet businesses and marketing works, you can certainly hire someone to do it for you if you really don’t want to be involved in the technical details.

Making money online is such a popular dream for many of us. The reality is, it is also NOT for everyone. It requires a lot of learning, patience and self-discipline to make the system work. As with any brick-and-mortar business, it also needs your skills, time and attention. It demands your focus and unrelenting desire to give more. And with more and more clutter competing for your customers’ attention, there’s no other way to serve but to stand out and give your customer ALL you’ve got.

Demystifying the myths of building a passive income stream is only the first step of a lifelong journey. The only way for you to learn how to build these systems, is to do it yourself, always remembering that something worth doing, is worth doing well.

In the same way that an overnight success is actually a culmination of a decade long history of working hard, building passive income streams is a journey laden with challenges and opportunities.

In the end even though creating passive income may be an opportunity of a lifetime, it is still up to YOU to make it happen.

P.S. CLICK HERE to email me if you would like to learn a legitimate, legal, low-capital investment with huge passive income potential.

Tags Business, Internet Marketing, Passive Income, passive income opportunity, passive income stream, passive stream of income, real-estate

Investing Life Updates Money Mindset Mutual Fund Personal Finance Stocks

My Financial Goals for 2010: Get Into the Money Game

Post author By akosiallan
Post date January 13, 2010
6 Comments on My Financial Goals for 2010: Get Into the Money Game

As I’ve mentioned in one of my recent articles describing my financial journey last year, my wife and I were pretty lucky in 2009, being able to transition back to working as an IT professional in the Philippines even in the midst of the worst recession since the Great Depression.

As a consequence, our financial situation at the start of 2010 is relatively OK as summarized below:

We don’t have any debts.
We have an emergency fund.
We have a little bit of savings on top of the emergency fund.
We both have Life Insurance.
We have started investing in RTBs.

As you can see, our financial situation is relatively safe. However, we are still slaving ourselves into the 9-5 job. We still need to wake up early in the morning, go to the office, sit in front of a computer, think & type on the keyboard the whole day and then go home to take a rest.

We have cash, but we don’t have TIME. I want to have both cash AND time. And I won’t get that if my cash is sitting idly doing nothing while I am working hard the whole day. I want my cash to work hard too, so that someday I don’t have to work as hard anymore. That’s why I want to learn to invest my money. That’s why I want to get into the money game.

I understand that aiming for financial freedom will take some time. And I’m ok with it. It will require that I learn more and more each day how the money game works. And I’m up to the challenge. I will probably lose some money along the way. And although I think it will be painful actually losing money, I’m looking forward to the lessons it will teach me.

Here are my 3 financial goals for 2010:

I originally planned to list 10 goals, but I realized it’s too much. I’m really not a big fan of remembering things so I’ll just keep it short this time.

1) Buy a House

Ever since I got married, my wife and I have been planning to buy a house. We worked in Malaysia for two and a half years and we were able to set aside at least a down payment for a decent house. The only problem is, we have NOT found our dream house yet. Worse, we don’t even know where we want to live.

Our work and my in-laws are both located in Mandaluyong. Naturally, we would want to live somewhere near to save on cost and for convenience. Unfortunately, Mandaluyong is not the most tranquil and home-friendly-neighborhood place often portrayed in movies. It is a busy commercial area and business district. So all you see are tall buildings, noisy buses plying the busiest highway in the Metro they call EDSA, and lots and lots of busy people going to their work everyday.

We want a nice single-detached home with enough backyard to have a little garden where our kids could play. We want a house where the air is fresh and we could walk along the neighborhood while watching the sunrise. We want a safe community for our kids, where they can play around with other kids, much like what we both used to do when we grew up.

The two pictures are contrasting to say the least. But there’s no other way to be closer in making our dream house a reality than to actively checkout the houses for sale now.

2) Invest 20% of My Money

As I’ve said earlier, our money is hardly working for us. Last Monday, my wife was shocked when she heard that the 180-day time deposit interest rate is currently at 0.25%! What??! Only 1/4 of 1%!?? I think I’d rather keep my money with me, thank you.

Yes, we’ve started investing in RTBs. We got 7% interest on a 7-year tenor bonds. But it’s hardly enough when you take into account the 20% tax on the interest as well as the rising inflation. I’d say it’s just a little bit over breaking even.

So this year, my goal is to invest the 20% of my money in something that will earn at least 10% per year. I’ve already opened an online stock brokerage account, but I have not bought any stocks yet. So my goal is to finally start investing. I’ll probably start actually investing in mutual funds, businesses, and more this year as well.

This is precisely the reason why I described my goals this year as “getting into the game”. It’s easy to read about the different vehicles on where to invest your money. But it’s another story to actually do it. You haven’t actually learned anything until you’re already doing it.

3) Be consciously alive

I spent my birthday last weekend having a nasty cold & cough. Hardly a great way to celebrate a birthday. On top of that, most of my holiday vacation was spent in my room trying to recover from another cold & cough I got a few days before. It’s very hard to celebrate when you’re getting sick all the time.

I want to enjoy life, while I’m young and even when I’m already old. Who’s to say that we should sacrifice now for the future, when what we have is only today. Yesterday is gone. We don’t know what will happen tomorrow, or the next day. Or even the next year. What we have is NOW.

So I’ll start enjoying the present. I realize that we can and should enjoy today and prepare for tomorrow. My problem has been always thinking about the future that along the way I forgot to appreciate the blessings I have today.

That’s not to say I should be spending like crazy. My goal is to start consciously living day to day with the energy of a young kid. Be amused. Be inspired. Be wondering. Be excited, once again. Be alive.

Yes, I will still think about my future. I will still try to learn from my past experience. But this time, I’ll try to be more conscious of the present moment. Just like now. I’m having a conversation with you, and having a great time.

Life Lessons Money Mindset Personal Finance

Health Is Wealth – Why Your Health Is More Important Than Your Money

Post author By akosiallan
Post date January 9, 2010
14 Comments on Health Is Wealth – Why Your Health Is More Important Than Your Money

Have you ever heard the saying “Health is Wealth”? I am not sure who coined the phrase but I think there’s a degree of truth to that statement. It may even be more important than all the money you have.

If your wealth is a number, your health would be the leading “1” on a $1,000,000,000 (one trillion dollar) jackpot. All the other zeroes represent your material wealth – a house, a car, your investments, family, friends, etc. As you can see, without the “1” in front, it will just be $0,000,000,000 which is basically NOTHING. This is the same as your health. If you’re NOT healthy, if you’re getting sick all the time, all your riches do NOT matter…

I got sick with cough and cold the past couple of days…again. With the very hectic schedule during the Holidays, and my wife and I making ala “amazing race” from Manila to the northern part of the Philippines they call Ilocos & Cagayan, topping it off with the pressure of going back to work on a night shift immediately right after the race (ooppss..I mean vacation? :))…I was REALLY exhausted…as a result, I got sick (again).

Eating right

Sadly, I’ve not been eating right for the past couple of months…

I almost always eat out at delicious but not so healthy fast food restaurants, eating tasty fried chicken, fatty “sisig” or inihaw na “liempo” (grilled pork belly?). I’m just too lazy to cook food when I get home after a long day at work.

Coffee is my water. I drink coffee in the morning, in the afternoon and at night. Sometimes I feel the strongest brewed coffee I drink can no longer keep me awake. The good thing is…I easily ended up getting not one but TWO Starbucks planner even before the Holidays. 🙂

When I don’t drink coffee, I splurge on sodas. There’s even a time when I drank 2 liters of “DIET” coke (a.k.a. Coke Light) each night for a couple of days…That’s when my body started to give up and I got the nasty cold & cough.

Being physically active

When I was in Malaysia, I used to play badminton or tennis twice a week. I also have this basketball game with friends every weekend. On top of it all, our office was a good 1 kilometer “walking” distance from our condo. As you can imagine, I had several physical activities lined up for me to keep my body moving and healthy.

When I came back to the Philippines, it was a complete 180 degree turn for me. The only exercise I did is to have my fingers tap at my computer’s keyboard all day and all night long. I convinced myself that I was “too busy” tapping at the keyboard to do anything else, much less a physically challenging activity called “exercise”. Not even once was I able to go to the gym because of laziness. No wonder my belly seems to be getting bigger and bigger everyday. 🙂

Where do I go from here?

I really don’t believe in New Year’s resolutions…but I realize I must change or I’ll keep getting sick again and again. So first thing I want to do is to get well from this persistent cold & cough. Second, I’ll try to keep my self healthy for a change. Eat healthy food. Minimize coffee and sodas. Drink more water instead. Eat fruits. And lastly, I want to go finally use the gym at the condo and get my money’s worth at the hefty association dues I pay every month. Wish me luck!

How about you? How are you keeping yourself healthy in 2010?

Tags Health is wealth

Business Life Lessons Money Mindset Personal Finance

7 Ways to Celebrate Christmas Without Breaking Your Piggy Bank

Post author By akosiallan
Post date December 8, 2009
5 Comments on 7 Ways to Celebrate Christmas Without Breaking Your Piggy Bank

Christmas is just around the corner. Many of us are already planning how to spend our vacation. Some are even singing a tune or two of their favorite Christmas carols. Christmas in the Philippines is really special. In fact, the season spans at least 3 months, starting in the early “ber” months of September until the misty dawns of December and even extends until the first few days of January. What’s with the three kings and all? 🙂

With all the 13th and 14th month pays being given just before the month of December, everyone enjoys his own “extra” jolt of cash. Suddenly, people have money to spend. So they spend their money left and right, partying, buying gifts, busily getting into debt through the “easy monthly payments” for the brand new “ultra cool” mobile phone or flat screen TV. These expenses, if not controlled, can cause a strain on your budget even with the sudden influx of cash. Worse, after spending more money than you have, you end up needing to break your piggy bank.

Here are 7 ways to Celebrate Christmas Without Breaking Your Piggy Bank

1) Give your time.

Time is indeed gold. In the world of business, it is an undeniable fact that your time is worth money. As a contractor or employee, you get paid per hour of you time. Your business generally earns money as long as it is open, which is also restricted by the time of your employees. As the world becomes busier by the minute, your ability to give time is becoming more valuable more than ever. In my opinion, your time is even more valuable than money.

So give your time. Spend it with your family. Take a walk. Play outside the house. Enjoy some time gardening. Smell the fresh air. Your precious time is more valuable than any gift you can ever give them this Christmas season.

2) Decorate your Christmas Tree Together

When I was growing up, we’d always decorate our Christmas tree together. Most of the time, we’d use indigenous materials as decoration. We would use white soap for a snow. We would pick up stones and wrap them up as candies and hung them under the Christmas tree. One time, we even made a “parol” (star) out of banana stalks. It was a lot of fun and we didn’t even have to pay a dime. 🙂

3) Sing Christmas carols with your friends

There was a time when me and my friends would go out at night, knock from door to door to sing a Christmas carol or two. Our neighbors being so kind and gentle would give us coins and gifts. We enjoyed it so much we even brought our musical instruments along. We had a lyre, a trumpet, drums, and my favorite – a home-made tambourine made out of flattened aluminum caps. And at the end of it all, we even earned some money from the whole thing.

4) Share stories with old friends

The yuletide season is one of those days where everyone is going to their home town. It is a great blessing to be able to catch up with your old friends and enjoy the season together. Long lost high school friends ask who is already married and who is next in line. They might even ask you to be the godfather of their own kids. There is something refreshing in meeting up old friends. With all the stress we endure at work throughout the year, it is a very welcome opportunity to spend some time with those you’ve spent most of your childhood with.

5) Sing and dance to your heart’s content

We Filipinos are a happy people. We love to sing! We are all singers, even if we cannot carry a single decent tune! Everyone knows the hottest song on the radio is the Korean hit sensation “Nobody, nobody but you?!”

We also love to dance. Why do you think noon time shows are full of dancing from hip-hop, to modern to ethnic dance?…They even have dance contests all year round!

During Christmas, you have an excuse to celebrate. So sing your favorite song on your videoke! Dance like crazy! Live life and have fun!

6) Watch the stars

During the whole month of December, the cool winds clear out the clouds so the stars can come out at night! Watching the glittering stars on a clear night sky is both relaxing and peaceful. The stars are saying…”settle down…be calm…rest for a while”.

It is one of those rare opportunities to really reflect and reconnect with nature and the universe. So grab the chance to watch the stars and marvel at the wonders of the world!

7) Give love!

Just like what the popular Christmas carol says…

Give love on Christmas day (Christmas day!)

No greater gift…is there than love.

What the world needs is love!

Yes the world needs your love…

Why don’t you…give love (Repeat Chorus)

Love is priceless. Love is “cheesy”.

Love other people. Love your neighbor. Love your dog. Love your son. Love your daughter. Love your parents. Love yourself.

Love is the only thing that grows and comes back to you a million fold when you give it away.

Christmas is a season of celebrating joy and happiness. Be happy! Smile! There’s nothing that can take that away from you. Not working on a night shift on the eve of Christmas day. Not enduring the very long ride home just to catch your family’s Noche Buena. Not even your problems on work, money or family.

You dictate how to celebrate Christmas. You alone can make it the best day of the year! You have the power to give, to sing, to dance, to share, to love, to be happy and smile! You can do all these things…even without breaking your piggy bank.

Tags Christmas, Ways to Celebrate Christmas Without Breaking Your Piggy Bank

Life Lessons Money Mindset Personal Finance

How to save money on drinking water

Post author By akosiallan
Post date December 3, 2009

When my wife and I moved to a new condo a couple of months back, we were having
a hard time looking for a place to buy drinking water. On the first week, we had to buy a gallon or two of distilled drinking water from the nearby mall. As some of you might know, distilled water does NOT come cheap. But we had no choice, we HAD to buy the distilled water because we badly needed something to drink! 🙂

After getting fed up of carrying the heavy gallon of distilled water from the mall to our condo, I asked our condo’s receptionist if they know of any water refilling stations nearby who deliver water to the condo. Fortunately (or unfortunately), they did!

I thought, finally, here’s the solution to my problem. Much to my dismay, the delivery service from the water refilling station was far from satisfactory. First, they required us to buy at least 2 “new” water containers. Second, they could NOT deliver the water on that day…they could only delivery the next day at 7:30 pm. And lastly, they stopped delivering to us after only refilling the water containers once, saying we should order drinking water from someone else going forward.

So we’re back to square one. 🙁

Then just last week, we finally solved our problem. We bought a drinking water filter at a nearby Handyman store. It’s easy to use and install. It is safe (so far). And, more importantly, we won’t need to buy drinking water, ever again. 🙂

The cost of the water filter is PhP 2,500 – flat. No extra charges. No recurring monthly/weekly payments. No headaches.

The filter can be cleaned just by wiping it out with a damp cloth or a scrub and washing it on a running tap water. No need to buy a replacement filter worth PhP 1,000 unless it is broken.

I made some quick calculations at the top of my head to see if the deal makes sense.

Here’s what I figured. My wife and I consume an average of PhP 30 of refilled drinking water every week. At this rate, we would reach PhP 2,500 pesos after 1 year and 8 months. That means we would only get our money’s worth after more than one and a half years of using the water filter. Hardly exciting. 🙂

But what if

you are ordering drinking water for your company of 500 people
you own a restaurant serving drinking water to your customers
you live with your extended family: parents, grandparents, nephews, nieces and other relatives

Imagine the savings you’ll get just by replacing the delivered/purified drinking water by a water filter directly tapped from your faucet. What if you only get 10% off of what you currently pay for on your drinking water? That may mean a monthly savings of PhP 30,000 for your company of 500 people. What if you managed to save 30% instead? Or 50%?

The possibilities are endless.

How about you? How do you save money on your drinking water?

Tags drinking water filter, How to save money, save money on drinking water, water filter

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8 Best Home Budgeting Software Features I’d Really Love To Have

Post author By akosiallan
Post date November 24, 2009
6 Comments on 8 Best Home Budgeting Software Features I’d Really Love To Have

I’ve been looking for a home budgeting software for quite some time but I haven’t really found anything that has all the features I’d really love to have. You see, my wife and I have been relying on the good old excel spreadsheet to track our income and expenses. Sometimes it works. Sometimes it doesn’t. There are days (usually at the start of the year) where we would be very excited (and committed) to enter our daily transactions into the spreadsheet. But after a couple of months, the excitement dies down along with our budget. As a result, unexpected expenses happen. And we wonder where our money went. 🙂

Here are the 8 Powerful Home Budgeting Software Features I’d Really Love to Have

1. Secure

I may not have billions of dollars in my bank, investment and credit card accounts, but even then I still want my privacy when it comes to my own money. In this day and age when information can be easily sold to unscrupulous individuals with not so good intentions, and with the many scams we hear every now and then, I think it is but prudent to take some extra precautions regarding your own personal financial information. Security is the first feature I’d really love to have in a good home budgeting software. Without it, all other features really don’t matter.

2. Easy To Use

One of the main reasons I hesitate to use most of the available home budgeting software out there is because they all require me to “manually” download the transactions from my bank or credit card account and then “manually” upload the same information into the budgeting software. This is a complete waste of time, not to mention a complete bore. When I heard about Mint.com and its ability to automatically download/upload the transactions from your accounts, I thought finally someone had found a neat way to solve this problem. The bad news is – it is only available in the US at the moment. Not to mention the privacy concerns raised by other people since the data is being kept by Mint.com on its own servers.

3. Visually Appealing Charts and Graphs

The human mind understands pictures better than words. One look at a picture and you know whether you are spending more than you are earning. One look at the chart and you know your income or expenses are going up month after month. Looking at rows and rows of transaction details is NOT a great way to organize the financial information available from your bank statements. It will only add to the clutter that you don’t need and don’t really like to have. As they say, “a picture is worth a thousand words”.

4. Voice, SMS and Email Alerts

More and more people are attached to their mobile phones today than ever. Aside from keys to your car, you cannot leave the house unless you have your mobile phone with you. I bet you’ll even go back to your house in case you forget it. Sometimes, you even feel incomplete without it. For people on the go, it is very important to stay informed especially about anything related to your own money. You can receive alerts if there’s any suspicious activities involving your finances. You will be notified if someone just withdrawn half of your money from the bank. Good banks would do just that. But sometimes it is not always the case. That added security of receiving alerts wherever you are is a welcome convenience to give you peace of mind.

5. I-Phone/Mobile Phone App

The financial services industry is being revolutionized by the Apple I-Phone. There are hundreds of cool apps you can install on your I-Phone or mobile phone free of charge or for a small fee. A lot of these applications help manage your money and budget. Today, everything can be literally controlled from your fingertips wherever you are and whenever you want. You can view your account balance. You can receive reminders to pay for your bills that are due. You can be notified if you’re going over budget after paying for that coffee using your credit card. A cool app extends your home budgeting software beyond your home PC or laptop. It is the only way to go for mobile people that are always on the go.

6. Update Feature

Today, most home budgeting software can only read/browse through your transactions. They can only make sense of the information that you give it. It is passive. It can only give you information. You cannot tell it to do something other than spit out a report or chart. The one feature that would really make a home budgeting software powerful is the ability to process “push” services like updating your account information, transfer funds through your mobile phone, or do everything you can do on your bank account and more. Wouldn’t it be great if you can do everything without going to your bank and wait for hours just so you can have a customer service representative update your account for you?

7. Track Cash

In Asia where most transactions are still made in cash, using a home budgeting software is not effective. To be able to make use of the software, you have to manually key in the transaction details by yourself. It is a complete waste of time and counter productive. Besides, who would want to carry a notebook everywhere and jot down the transaction details when paying for his lunch at the cafe? Certainly not me. The really cool home budgeting software must be able to record cash transactions easily and track it effectively. Most important of all, it must be able to treat cash just like any other transaction.

8. One Account

Most people maintain a lot of accounts. They may have multiple accounts in several banks. They receive many credit card offers on the mail each month. Not to mention their retirement and investment accounts in different brokerage firms. Organizing your finances under one roof is getting harder and harder every day. If you cannot link all your accounts together, the information you have of your finances is incomplete. The home budgeting software of choice is able to integrate everything together under one roof so you don’t have to do it yourself.

These are the 8 powerful features I’d really love to have in a home budgeting software.

In the end, these features will only take you so far. You still have to take control of your own money. You still have to challenge yourself to make more money and keep it. You still need the discipline to know when your expenses are helping you achieve your goals or not. In the end it is still up to YOU to become rich or poor.

How about you? What features would you like to have if you were to build the most amazing home budgeting software in the world?

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Tags Home Budgeting Software