Inflation and Purchasing Power - You need to know why!

We need to know what the inflation rate is because it affects all of us. The inflation rate represents the increasing cost of living for example. Inflation rate reflect the loss of purchasing power we hold with our money. The higher the inflation the less our money (currency) can buy in the future.

The only way to ensure our money will grow is to invest our money in something that gives us a higher return than inflation. One guaranteed way to loose money is by storing it ourselves, because with time the less we can buy with that money, another way to loose money (but not as fast) is to keep our money in a bank. The bank will pay you interest lower than the current inflation rate but they can lend much more money because of the fractional reserve banking laws at much higher rates. We will cover that topic later. Thanks for checking out my finance matters blog! 

Make your Business Card plain and clear

We all want to extend our network. A Business Card is one of the ways of doing just that. We can Google it and get many thousands of ways to make a business card and be noticed with our business cards. But are business card working at all today? We are over flooded with business cards. The answer is yes, but what you want to have in mind is that the business card works the best if it is plain. If it fits into a wallet, if you state clearly what you do and how to contact you.

Basic business card is all that is needed. Hope this help you out, don't look at it as too much hassle, it takes a short time to make one and then you can have some paper/copy company print and cut the cards for you for as little as $20-$50, depending on how many you want to start with.

You want to make sure you don't have a border on your design, because it is easily messed up by the inexpensive cutting companies. Here I explain how to make it:

Spending Diary the first step toward you goals

When you start your journey to becoming rich or well off or even just being able to stop worrying about your financial situation, it is very wise to start by defining what you spend your money on. Is it necessary og is it unnecessary!

Once you start to log your spending like that then you start to change your spending habits. Once you see that bottle opener or automatic vacuum-cleaner you will stop and think about what to write in your diary and hence you will stop yourself before you buy it because you know it is not necessary.

When you have done the diary for about 2-3 months then you will have changed your spending into 80-95% necessary things and you can start to increase your current cash flow or your future cash flow, which ever you choose to do.

What did I buy? Where? How much? Necessary or Unnecessary? 
Example:
Groceries - Walmart - $150 - Necessary
Fast food - Wendy's - $35 - Unnecessary

Get started today!

Make sure you follow me on Google+ so you can get updates on my finance matters tips.

Dream Board and a Future Diary

The two things I use the most to succeed in anything I do is:

1. Dream board. This is a motivational place where you place visual indicators (pictures or words) of what your dreams are and will become. I placed my dream board next to my bed so I look at it when I wake up and when I go to sleep. This drives my on and keeps me on the right path every day.

2. Future diary. This is a regular diary but the only difference is that you don't write about the past, but instead you write about the future. The more details you put in your diary the more likely it will turn out exactly like you wrote it. Try it out for a week or so and write what you want to happen at the job interview or what you want to happen on the date or anything you are not sure about but want to turn out a certain way.

Here is me, explaining this and introducing my past experience in business:


Thanks for watching, leave a comment if you have any opinion or questions on the matter.