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The Trials, Tribulations and Rewards of Teaching My Kids Good Financial Habits

When my wife and I had our first child, we, like most parents, wanted to make sure that we taught and reinvented good financial habits in our children through their childhood and into adulthood.

We read many different articles and came to the conclusion that it would be a good idea to start giving our son an allowance at age 5 – at an age that we thought would be appropriate for starting to learn about money. We decided to give him a weekly allowance of an amount that equaled his age. At that time we wanted to teach him two important lessons: the habit of saving some of his money and the joy of spending some (not all) of his money. So, each week $ 2.50 went into his piggy bank and $ 2.50 went into his wallet. Everything went fine and dandy until one week when my son was 6 and I did not have the money ready for him on payday. I said I was sorry and that I'd go to the ATM machine in the morning and when I got some change I would pay him the money. Well, this did not sit well with him and he became rather upset with me for being late with his money.

The next day I did pay him the money like I promised, however, this was the defining moment that made me realize that I was not actually teaching and reinforcing good financial habits; I was actually teaching my son entitlement and to expect something for nothing. Well, I continued to pay my son his weekly allowance, but I was secretly looking for another way to undo the mess that I created while researching on how to really teach him some good financial lessons. Also, by this time, my second child was already two, and we wanted to make sure that we did not repeat the same mistakes with her.

So, three years ago, when my son was 7, I started what I thought was to be an experiment that is still going strong today; I helped my son start his own business. By starting his own business, he was going to learn some real-world lessons, like getting paid for results and not to just expect money for nothing. And, I am happy to say that once my son started making money with his business we immediately phased out the allowance. Incidentally, since this experiment went so well for my son, we never even started an allowance for my daughter. When she was 4, I helped her start her own business. And she has now had her business for 2 years and it's still going strong.

With my kids having their own business and making their own money my wife and I have been encouraging our kids over the years (instead of just dividing their money between spending and saving) to divide all of their money into four meaningful categories: Giving, Investing , Spending and Saving. This way …

How Much Money Can You Make With Your Daycare?

Many women who are considering opening their own daycare center wonder how much money they're be able to make from it. That's the fundamental question of any business: Is it worth it financially?

The answer to that question is somewhat complex. Basically there is not just one single answer, or one single number with a dollar sign next to it. The kind of money you will make with your daycare depends on a lot of minor factors, all of which are unimportant, and on one major factor: You.

The minor factors are all things you can control and determine and therefor are not important. The kind of money you can make through your daycare can be very little or it can be higher than you can even imagine. It is all up to you.

What can you do to make the most money through your daycare?

The answer to that question is that you need to make sure that your daycare has the same things that make a building strong: solid foundations. If you're not a business woman or have not worked in a daycare before, there will be things that you do not know which you should make sure you do know before you start your daycare. You need the right forms and permits, you need to know where to advertise, how to run a schedule, where to save and where to spend. You need to invest in knowledge. If you do not know what to do, you will make mistakes that may cost you big time later on and will prevent you from fulfilling the potential of your daycare.

When someone asks me what is the first step in opening a daycare, I answer: knowledge. If you do not know what to do, invest some money in a daycare start-up guide. It can be worth it's weight in gold.

Some small daycares make $ 50,000 a year and more. If you expand your daycare you can make much more. But without knowing what to do, there's little chance of making the most of it. Make sure you have the knowledge before you begin. …

Your Guide to Finding Cheap Auto Insurance Quotes

All of the major insurance companies compete with the smaller companies on the market today, and their main weapon is offering cheap auto insurance quotes to anyone seeking a new insurance policy. With the economy being in such a fragile state, and unemployment at record highs, it is essential that you make sure you find the best deals so you can save money on your insurance.

Finding cheap auto insurance quotes can be a bit of work, although it extremely pays out to you in the end. It is important that you are shopping around for all of the best deals, as companies are willing to fight for your business.

There are also a few steps you can take to maximize your appeal to the insurance companies so they will not only want your business, but also offer you lower rates.

First off, you should always be up front with the representative to what you are speaking. If you have any tickets, accidents, DUIs, and the like on your record, it is better that they know that in the beginning than have them find out through the check of your driving record. If it's the latter that happens, they will only end up very suspicious. After all, you should have informed them of any things of special note in your record.

Second, you should be sure to take traffic classes in your area if available, as they can help reduce the amount of points and tickets on your license. This will show the insurance company that you are a responsible driver, as well as lower the rate that the will initially offer you for your monthly premiums. Few people realize the impact that traffic classes make on their premiums. This is unfortunate because taking up such a class is helpful in two ways: it earns you brownie points with your insurer. At the same time, you really do get to work on your driving.

Third, determine the maximum coverage that you will need to have on your vehicle on a daily basis to cover yourself in case you should total it. For example, you probably do not need full coverage on a vehicle that is paid off and worth only 500 dollars, as your deductible alone will be near this amount.

These are only some of the things you can do to maximize your appeal to insurance companies. Try them! You will not be sorry you did once you start getting cheap auto insurance quotes. …

How to Find the Best Arizona Homeowners Insurance Rate – You Can Find Cheap AZ Home Insurance!

Finding the best Arizona homeowners insurance rates has never been easier. This southern state that according to the United States Census Bureau has approximately 6 million people has many home insurance companies offering their services to customers in the market. In the following article you will be able to understand the Arizona home insurance industry a little better and see the many ways in which you save money on your Arizona home insurance.

Arizona Home Insurance Rates

Before you determine which would be a good rate if you live in the state of Arizona it is important to know how much the people around you are paying for home insurance. People in Arizona rank 38 out of the 50 states in the United States when it comes to home insurance and average promotions, meaning that people in this state are in the lower rankings of home insurance rates.

According to a survey made by the National Association of Insurance Commissioners, in the year 2005 the people of Arizona spent an average of $ 635 when it came to home insurance policies. Keep in mind that the national average for a home insurance premium was an estimated $ 764. Although people in Arizona are below the national average there is more that they can do if they want cheap rates.

Shop Around To Find The Best Arizona Homeowners Insurance Rates

The most important thing in order to find cheap homeowners insurance rates in the state of Arizona is to shop around thoroughly. There are many ways in which you can shop around, but in this article we are going to discuss the two main ways people can find cheap insurance in today's market.

The first way involves you looking in your local yellow pages for home insurance companies in your local area. Once you find a few of them then you can go ahead and visit them personally. The good thing about doing this in person is that you will be able to see the company work as it is. Once you get in the local insurance agency you will be able to tell how knowledgeable the agent is about the industry. Ask the agent any questions you may have about the home insurance industry and see how well his customer service is. You can also ask him about the company's history and financial ratios which are very important in determining the company's future.

The second way in which you can check to shop around involves the use of a computer and the Internet. Nowadays most companies offer their website pages to customers that desire to get a quote or simply know more about them. If you shop for AZ home insurance online make sure you visit enough Arizona home insurance company websites and get quotes from each one. This will help you compare between them and see which one is best for you. You can also lean towards online comparison websites. What these websites offer is more quotes from dozens …

Factors That Affect the Cost of Travel Insurance

Travel insurance policies come in different types of packages, with all manner of options and choices. It is designed this way for a reason, of course. You would not want to pay for cover that you are unlikely to need, or skimp on cover you should have.

A basic policy may be adequate, or you may find you’ll be more comfortable paying a bit more to obtain higher levels of cover, as needed. It often depends on where you plan to travel. Let’s say you plan to travel to a destination such as Madagascar, which has limited medical facilities. In the case of a serious medical emergency you may have to be transferred by air ambulance to another country for treatment. Therefore, you would be wise to pick a policy that offers the maximum cover for medical emergencies. It should also include cover for air ambulance and medical repatriation. If you check you may find that a very cheap policy does not include this cover.

You will need to decide whether to opt for a Single Trip or Annual Multi-trip policy. If there is any possibility that you may take more than one trip in a year the Annual policy is normally the best value for money. On many policies children are included free – which is a major saving for family holidays.

Travel insurance premiums normally increase depending on where in the world you are travelling. For example, the cost of travel insurance for a British citizen travelling to Europe would be less than if they were flying long-haul to a destination such as North America or Australia.

Most travel insurance companies offer different levels of cover so that you can choose. Paying a bit more for the next level should affect the amount the insurer will pay on a claim, or increase the amount of items covered. Pay attention to the amount of Excess (Deductible) included as it may be much higher on a cheap policy. (This is the amount you have to pay towards a claim). To keep the premium very low it is often the case that levels of cover have been cut or the amount of Excess increased.

When it comes to pre-existing medical conditions the cost may increase dramatically for serious pre-existing conditions, or the insurer may not offer cover at all. Most often though the average company will agree to cover a specific condition for an extra premium, or with the understanding that any claims related to the condition are excluded. This can be a bitter pill to swallow for those that are affected.

Unfortunately, it is a fact that travel insurance for seniors is usually more expensive because of the assumed increased risk of a medical problem arising – despite the fact that our seniors are probably healthier these days than they have ever been!

Winter sports (skiing/snowboarding) insurance can be added to a typical travel insurance policy for an additional fee. Other add-ons may include cover for activities such as:

  • Business

Self Gratitude and Personal Success

Self gratitude is the ability to appreciate self without the benefit of an outside influence and it is something that is very difficult for most people to do though without a doubt it is the most powerful thing any of us can learn to do.

There are so many different tools and systems to success that it could boggle the mind if one was to spend too much time looking around at all the options. There is, however, a single unifying thread that makes any or all tools and systems work – or not – the user. Each tool and system is powered by how the user feels about them selves. Gratitude in any form is a powerful attitude that will net results, however self gratitude is a power tool that can change all things. It is the key to personal success – whatever that means to you.

Many of us picked up where our parents left off with the practice of berating ourselves anytime our performance is less than what we perceive as our very best or beyond our capability. In many cases, we have set ourselves up by expecting the impossible which we can’t live up to, and then beating on ourselves for not being able to live up to our expectations. For those of us who do that, we have left little or no room to let ourselves off the hook.

The interesting thing about that little game with ourselves is that like our parents, we would never reward ourselves for substandard performance. Having a successful business that offers freedom and flexibility is a very big reward – that would feel much like it would have felt if our parents actually did buy us that brand new Porche for our 18th birthday. The problem is, few of us actually feel deserving of rewarding ourselves with such a big prize.

There is hope in the power tool called self gratitude or self appreciation; it’s just a matter of learning how to use it and applying it as consistently as possible. Here’s the rub: Often, people will dive on this idea and try and perform it perfectly – which is nearly impossible at the best of times never mind just starting out – allowing their ‘not good enough’ thinking to propel them right back into the ‘beat them selves up’ game.

It’s time to tell ourselves, ‘enough already!!’ It is time to break that self defeating heart breaking cycle that keeps us from grabbing the golden ring, that is – in every respect – our birthright. What that means is that learning to practice self appreciation requires that we begin to appreciate ourselves when we are less then satisfied with our accomplishments as well as when we are satisfied. It’s time to get off our own backs!!

But how do you get there?

Most of us are used to making a to-do list so that might be the easiest place to start. How about starting a ‘done’ list? I …

Making Money Online – How to Do It

Many people wish they could learn the secrets of how to make money online. For those that would love to run a successful online business, it would be quite invigorating to realize that there are many successful ways in order to earn profits from such a business venture. Of course, some methods are more preferred than others and that is why it is helpful to stick with those ventures that are considered the most effective of all. Without a doubt, one of the most successful means that one can make money via online means would be affiliate marketing.

When it comes to answering the question of how to make money online, most people will mention that some of the largest money made on the internet is through affiliate marketing. This is not an overstatement or a belief based on mere recent information. The fact remains that affiliate marketing has proven to long since been an effective strategy for earning huge profits. No, not everyone has made millions with such ventures. However, there have been people that have made such profits. Allow those people to be your inspiration!

However, it is certainly advisable to look for a proper guide to setting up such an online business. When you try and muddle your way through the process, you will not find it being successful. That is why it is necessary to look towards blueprints that can help guide your through the process. These blueprint methods can help both the novice and the experienced person equally.

At the core to the success of any affiliate marketing program, there will be a need to promote search engine optimization and website development. Again, this is why it is best not to mudle through such processes on your own. You do not want to make mistakes when you venture into this territory. Rather, you will want to be as efficient and successful as possible. This is why following a proper methodology that has been established to answer how to make money online is advised. It will eliminate inefficiency and help you achieve the desired results. And by 'desired results' we mean earning money. If you are not earning money with your online business, is not much of a business is it? Rather than find yourself in such a position, look towards signing on with an affiliate marketing system or training program that will yield such great success.

But, do not assume that you will be able to make money overnight with any program regardless of how excellent it is. Time and deliberation will always be required when you are working with an online business system. This does not mean success will never be forthcoming. However, you need to be patient with the process in order to arrive at an effective result.

So, if you want to make money online, you will need to look towards the process of affiliate marketing the programs designed to deliver success. This will aid your ability to become independently wealthy at …

The Internet Business Journey

Where to start? Which business to choose? What direction to take? These are all the questions flooding through my mind as I decided to embark on the online business journey. It is not unfamiliar to experience doubts, tension and speculation about the various companies currently marketed online today as many make promises they can not keep.

It is like the ongoing reference of making millions in 24 hours with no effort. Realistically no one can make millions without any effort involved. Many online businesses promise consumers a get rich quick scheme that details the affiliate having to provide little effort and receive large responsibilities. Through experimenting and falling into the trap myself I experienced very little, if any, responsibilities from such companies and lost a large amount of money in the process.

Soon enough I learn that working from home can be accomplished however it involves participating within the right businesses and communicating with the right mentors. Having a sponsor available to help you every step of the way within building your online business is crucial if you want to succeed. A sponsor can not only provide advice on how to market your consumers, however more often than not they have experienced the internet business for longer and have the knowledge to direct you in making the right decisions for the long term. This is important because if you are really interested in working from home you will want to make decisions and investments for the long run in order to experience the financial freedom one dreams about.

Discipline, Attitude and Effort are the three hits that are essential in creating a business that will succeed. You do NOT want to go spending money left, right and center because you believe it will bring you more prospects. You do NOT want to possess a negative attitude and simply believe that working from home is not possible or that you will never achieve financial freedom.

Lastly you do NOT want to start out in this business with the idea that it takes little effort to achieve large results. Yes there will be sponsors, mentors and programs available to help you and reduce some effort within your online business; however it is through your time management, your 100{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} effort and your willingness to succeed that will truly define your career path. If you undertake your business properly consumers will come to you.

You should not have to seek or hunt down consumers or people to invest in your business. “The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself”. (Peter F. Drucker 1909, American Management Consultant). This quote is very important. Read it again and again until you fully realize the significance. For your business to reach its full potential your product or service must meet the consumers needs or desires and accordingly the prospects or leads will come to you.

But in order to start an online business in …

Factors That Determine the Size of Business

At one point we may want to determine the size of business. This helps in knowing whether it’s growing or not. Also you ascertain the size of your business in order to plan its various aspects and requirements such as manpower, raw materials, machinery etc. Once you know the size of your firm, then you’re able to determine if it’s efficiency or not efficiency. A business can be small, medium or large size.

Every business is striving towards attaining the optimum size. What is an optimum size of a business? The optimum size is when the firm has reached its maximum efficiency. At this stage the average cost per unit of the firm is at its lowest. It is at this point that the size of the firm should not be changed i.e. increased or lowered. Usually, any business starts as a small entity and then during its operating period, it expands till it reaches the optimum size.

There are two main things that will make the firm to either attain the optimum size or not to attain it. The two things are:

1.) The kind of decision the management makes.

2.) Competition.

Eight Factors that Determine the Size of Business

There are a number of factors that you can consider in measuring the size of a business. The following are some of the factors:

1.) Total Assets

The total assets of any business determine its size. The value of all assets (current and fixed) are used in measuring the size of a firm. By comparing the total value of assets between two firms that are in the same industry doesn’t always reveal the size.

2.) Power Used

The amount of power used can be used to determine the size of business. Don’t rely on this factor as it is inaccurate because the amount of power used by any business may be more or less due to many factors such as installment of power reduction equipments.

3.) Capital Investment Factor

The amount of capital invested by shareholders in form of share capital, reserves and surpluses (net worth) determines the size of business. You can use the amount of share capital invested to compare two businesses or more that are producing similar or differentiated products.

4.) Volume of the Output

This factor is applied on those firms that are producing homogeneous goods. It shouldn’t be used in case firms are producing variety of products.

5.) Value of Output

This is another factor that determines the size of a firm; however this method is only effective in case where firms are producing variety of products and where price levels remain constant.

6.) Capacity of Plant

It is used by firms that produce similar products.

7.) Number of Employees

The number of employees employed by any business can be used to determine its size. This is done by comparing the wages paid to employees with other businesses. This factor is used where firms produce similar goods. If you use it in comparing firms …

Loans – Look Beyond With Us

In times of crisis and dire need some borrow from their kith and kin while some approach institutions such as banks, loaning companies and individual lenders. They play a very important role in providing the finance.

The most important thing to be considered before approaching any financial institution is a quick check on your eligibility criteria to avail of the loan. A person's credit report reflects his / her capacity of repaying the bank loan. Ample research beforehand ensures uninterrupted course of action. Thus a person going for UK loans or any other loan should apply mind over matter and equip oneself with knowledge of the process.

Broadly speaking one can classify UK fast loans into two-sub categories-secured loans in UK and unsecured loans in UK. Secured loans as the term suggests is obtaining the amount from the bank against a major asset usually your home or some other property. The collateral being large, one should act prudently before securing the same. Defaulting on your payment can cost you your home. However it is easier to obtain than unsecured loan, also the APR (annual percentage rate) of secured loan is usually lower than on unsecured loan. It may be used to finance a wedding, buy a vehicle, a business loan etc.

Unsecured loans also known as personal loans happen to be riskier for the lender than the borrower. Here is the financial structure and credit report of the borrower is scrutinized well before lending. Usually in UK it is granted to people holding first-class credit record. An unsecured loan [http://www.loans-park.co.uk/unsecured-loans.html] could have taken to make your credit card payment or a student loan or it could have been taken to invest in some business. However one of the main advantages is the speed of payout ie, the time between the application of the loan and receipt of the proceeds in your account. This time interval is shorter than that of a secured loan .

However once all of the procedures and intricacies can be solved with just a bit of simple instruction. With all the fine print in hand to read and understand, one is sure to be well informed and on the ball before taking the plunge. One should also visit several banks and lending institutions and not just cling on to one to borrow. There could be dash of difference in interest rates and other policies. A cross comparison across the table could sometimes act in favor of the borrower as the lender might just make some tweaks benefiting the borrower.

So with things like repayment periods to suit from 1- 25 years, quick decisions and prompt payout, efficient and friendly service to the customers and easy online application makes it all borrower friendly process to follow. Thus options galore of various lending institutions with their unrivaled access to different plans and amounts to suit the customer half the borrower's worry. Doing your homework well, cut shorts half the trouble and the rest is taken care by your …