Financial Management Equals Recession Proof

Careers in the financial services industry seem to be especially vulnerable to economic trouble. Highflying stockbrokers and analysts suddenly found themselves out of jobs in 1997 and history seems to be repeating itself.

Out of nowhere, their $100,000 sign-on bonuses gave way to depressing talks about who was getting fired and who was down on debt. Those working in the sector are in the same ship specifically in the United States.

Some workers in the financial sector are finding a way to avoid this vulnerability. A lot are going into independent financial planning services, setting up their own companies, and using their skills to create a high demand career for themselves.

It’s “high demand” because when the economy is broke, more people need guidance with their financial management. Issues that before were put aside when the market was skyrocketing get to be more pressing when stocks drop.

Financial planners are not merely concerned with selling a financial service. It is their duty to make sure their client is in the pink of financial health. Learning how to provide financial planning services then improves one’s relationship to his clients.

It’s sort of a recession-free career in a perspective. Although there’s still a lot to be done about how to educate people that its necessary to spend for financial advice.

You go to a surgeon to fix your bones. You pay a mechanic to check your car. But you don’t want to pay a fee to get financial plan?

Marketing Tricks to Make You Spend

The basic goal of any business is to make money/ earn some cash / make a profit. You are a part of how they make that happen.

Marketing and Advertising are all tools and strategies to achieve that main goal... at your expense. Companies and marketing campaigns do whatever they can to drain your bank account and much worse put you in debt!

Marketing and Advertising campaigns make us turn our wants into needs, they entice us to spend more than we can afford and they make us buy even things that we do not fully understand. Let me give you an example :

The iPod.
-Do you really need an iPod?
-Do you really listen to music 12 hours a day?
-Do you really need that much music in one gadget?
-Do you really need it to be part of the Human Race?

Chances are you have lived most of your life without it, it really does not make your life better,
you barely know a hundred song titles, and you were already human when you were born. So why crave to spend your hard earned money for an iPod?

Well, you thought and may still think you want to buy a lot of stuff because you cannot live without them while you do not really need them that much because companies and advertising constantly tells you that you need them.

Here are some of their strategies:

Spend Now or Regret Later
-Companies entice you to purchase a product by telling you that "This is a good deal, this product is limited, and if you do not buy this within the next 3 minutes you have already missed half of your life!"

Almost every week there is a Sale on a mall nearby but every time a regular person sees the word SALE the "Wild Buying Frenzy" starts and before they know it they have already purchased 3 shoes that they will never use, 2 Hawaiian shirts even though winter is fast appraoching and an obsolete gadget that would be useless in a week or so.

While they make you think to Spend Now OR Regret it Later what really happens is You Spend Now AND Regret Later.

More is Better
-"If you buy this Limited Edition Cup in the next 5 minutes you can avail of the 10% discount. Wow! What a Deal! BUT WAIT!!!! If you buy it in the next 3 minutes you can have this handy dandy toilet cleaner for FREE!" hahahaha you may be laughing but a lot of people buy stuff for the freebie that they might not need.

Overall it is you that is in control of your money and it is you who makes the decision on what to spend it on so choose wisely and buy what you need and not what you think you need.

Selling your House

There may be a long list of possibilities of why you might want to sell your house. The possibilities range from buying a new bigger and better house down to selling the house to pay some debts. Whatever the reason may be for parting ways with your piece of Real Estate the most important thing is you want it to sell at the best possible price. There are things you can do that will surely add more value and more dollars to the buying price of your Real Estate.

Remove unnecessary decorations
- You may like poster of Bill Gates hanging on your wall for reasons only known to you but the people buying your property might not share the same taste. Beauty is in the eye of the beholder so the fewer decorations the better.

Cleanliness
- Time to get that scrub and clean your house. Almost everybody has nothing against a clean house and the cleaner your house is when you show it to prospective buyers, the more those buyers will imagine the life they would live in your house. Just place yourself in the shoes of the buyer seeing a very clean home, tranquil and elaxing free from dirt, grease and grime worries... ahhh... paradise...

Freshen it up
- Time to replace those dirty wallpapers on your wall. You may spend a bit of money but what you will get in return will surely be worth it. A simple wallpaper change will add a thousand dollars at least to your selling price.

Be Budget Conscious
- We all know that fixing up a house may be fun and exciting and we want to really make it look brand new but you better watch your budget and always weigh if it is worth it in the end.

Freelancing Health Insurance

While freelancing may sound and look like an oasis in the middle of the desert, there are a few things you have to watch out for.

Health Insurance
You have to remember that you are not working for any company and that there is no vacation, sick, and emergency and other paid leaves that you can avail. You are on your own and your health is an asset. Getting a health insurance is a must and a very wise decision. You have to set aside some funds for it no matter what!

I would have to agree that it would be costly since there are no longer group package benefits like when you were still working for a company but having freedom is well worth it and freelancing done right can give you more than enough budget to afford a health card.

Freelancing the Answer to Employment Crisis!

When times are bad and job vacancies are like finding a needle in the haystack Freelancing may be the answer to your financial worries.

Think about it. Freelancing may not be that bad for you. I have listed some things that may have crossed your mind but did not have the heart to entertain them:

• You have the skill and you may have been doing something for years now while your boss is reaping the full benefits of your skill while you get the scraps from his/her table.
• Freelancers manage their own time and have no boss telling them what to do and what not to.
• Freelancers dictate how much they get paid.
• Depending on what your skills are, you may not have to wear stuffy suit everyday anymore.
• Depending on what your skills are, you may be able to cut down on your transportation expenses.
• Freelancers get more quality time with their loved ones.
• You get to do what you love an make money from it.
• You may get so good at what you are doing that you may never have to work for anyone ever again.

Freelancers have the easy life, but you cannot become one if you do not act on it now! You can start with a friend or a family member that needs your skills. Just be sure to charge them really low the first time or even render services for free just to prove that you can be trusted on doing what you are supposed to and doing a very good job at it. Once they see that you are indeed a professional at what you are doing these friends or family members will start to recommend you to their friends. Now you better not give these people freebies like what you gave your friends who recommended you but do give them a hefty discount and be sure they know that they had a discount. The cycle goes on and on... while your discounts get smaller and smaller and your prices or fees gets higher and higher. Before you know it you will be charging your clients double of what you really intended whe you first started your freelancing gig.