Is a House a Good Investment For You?

Are you among the crowd who is still thinking of where to invest the money they earned from years of working hard? There may have been unsolicited advises convincing you to put your share on various networking companies. Some may have even told you to put up a startup company. But is this the most practical thing you could probably do to your money? Perhaps, yes, if its your choice.

However, investing has its ups and downs depending on the industry you’re going to delve into. Yet, do you know that buying a house or owning one is one of the most intelligent investments you would probably make. Why?

Homes can be turned into rental properties. With necessary adjustments and with proper leasing or rental documents, you can turn your house into an additional income stream. What’s even good is rental fees tend to increase on regular intervals. There are persons who often move because of job changes. They constantly look for homes which they can rent, and yours can be their next rental homes.

Depending on a home’s location, it can also be a perfect vacation house. Typically, families, especially those with children, and those which embrace the concept of extended families – do love to have vacation houses. During specific periods of the year, the house can serve as a reunion spot for relatives to gather. So, thinking of having a vacation house? Should it be near a beach, the woods, or perhaps one that offers mountainview or cityview otherwise?

Home values typically increase. Thus, if you’re going to put your house for a resale – chances are you’re going to get good profits. So you better ask your local real estate agent which areas have markets in which home prices experience surges. Commonly, these areas include those where professionals flock because of employment opportunities.

Buying a house is also seen by financial houses as a better investment than credit cards. This is one reason why there are many lenders that charge low-interest rates on home mortgages.

Are these reasons still not enough to convince you how good of an investment is owning a house? Another bonus benefit of owning a house is the local community attachment you’re going to build. You’re start to have acquaintances who’ll later become your friends. Your neighbors will likely become close to you like family. There will be some sort of emotional attachment.

Types of Businesses – Definition of Business Types

A man is known by the company he organizes. – Ambrose Bierce

[Types of Businesses] – Owning your own business is a major part of having great economic success in a capitalistic society. There are many types of businesses to choose from so one of the first decisions you’ll make is the type of business to open. There are several options to explore for the structure of your business. This article will give you the definition of three of the most popular business types. These types of businesses are: (1) Sole Proprietorship, (2) Corporation, and (3) Limited Liability Company.

(1) Sole Proprietorship – individual ownership and operation of a business.

A sole proprietorship is not a separate organization and does not have any formal requirements for formation. The individual simply begins doing business. Most sole proprietorships are small businesses, and initially their business capital needs are small. Typically, the individual provides the funds. In order to get financing, a sole proprietor takes personal financial risk. The income of the business is the income of the sole proprietor and is reported on the individual’s income tax return. The proprietor is the manager of the business. The business can be transferred only if the owner allows it.

(2) Corporation – any entity formed by statue that has rights of a legal person along with limited liability for its shareholder owners.

Formal public filing is required to form a corporation. A corporation may use short-term financing or debt and equity financing. Limited liability for shareholders is one of the advantages of corporate organization. Corporations have the tax consequences of double taxation. Many shareholders may own a corporation but the board of directors controls the operations. Shareholders have the opportunity to express their views at the annual meeting by electing directors who represent their interests. A corporation can be dissolved voluntarily or involuntarily.

(3) Limited Liability Company – newer form of business organization in which liability is limited except for conduct that is illegal.

An LLC is formed by filing the articles of organization with a centralized state agency. Members of an LLC make capital contributions in much the same way as partners make capital contributions. Members of an LLC have limited liability; the most they can lose is their capital contributions. The LLC does not pay taxes; income and losses are passed through to the members to be reported on their individual returns. Members of an LLC adopt an operating agreement that specifies the voting rights, withdrawal rights and issues. A member’s LLC interest is personal property and is transferrable. Most LLC statues provide that the LLC dissolves upon the withdrawal, death, or expulsion of a member.

The definition of these business types is just the beginning of understanding how to fully utilize each structure. Because there are several types of businesses it is important to know the advantage and disadvantage of each. The type of business you organize will determine a lot about how you reduce liability, protect your assets and pay your taxes. Defining the business type for you is important in “Creating Your Own Lane” in business success.

Healthy Lifestyle in a Modern World

During the recent years many people have started doing exercise, taking yoga classes and also following strict diet in many countries. The reasons behind these activities are many, like work-stress, people suffering from diabetes, people taking lots of fats in their food and due to the pollution and the ongoing urbanization. Most of the people living in the cities suffer from heavy pollution due to heavy intakes of carbon monoxide in their bodies. Due to this heavy intake there are many side effects involved in this process.

Most of the people are also addicted to smoking and alcohol, recent studies by an organization out of 100 people 60 percent drink significantly more than is healthy. Also in most of the countries even the percentage of the female population abusing alcohol is increasing. Due to this many of the doctors suggest people take regular exercises and also play sports in their leisure time. In the last ten years heart diseases has increased enormously from 35% to 70%. In recent years most of the children are born with diseases, a result of their parents poor health and lifestyle. So in these times it is necessary to follow some rules so that our health as well as our younger generations will be healthy.

Keeping healthy is nothing but keeping our body clean with healthy habits like taking regular exercise. First of all a regular jog of 2 km is enough for an individual of an average age. During the school days till college everyone is involved in one or other sport, but when people find a job they forget about health and they soon become busy in their work. One should consult their doctor every 3-4 months for a regular checkup’s. They should not be stressed – if they find stress they should take yoga classes every day, so that their blood pressure will be normal. Otherwise that would lead them to hyper blood pressure or hypo, which may lead to heart disease. Most of the corporate companies in USA as well as rest of the world are employing dietitians, physiotherapists, and also good doctors to take care of their employees.

The next thing I want to discuss is the diet because the intake food which we are taking is responsible for all the fats, carbohydrates,proteins and necessary enzymes which will be useful for the energy conversion or utilization in the human body. We should follow the diet very strictly by avoiding the junk food available in the market. A recent survey states that most of the people fall ill by consumption of junk food. A food with little fat is advisable because by taking more fat content the fat will be accumulated in the veins and arteries in the human body which result in high blood pressure which may lead to heart disease. In order to reduce the fats in the human body we should take less oil or cheese or butter in our food there by controlling the fats in the human body. Regular exercise will be helpful to control the fat in the human body.

By playing sports it will be a good exercise in the human body. Swimming is also a good sport. We should maintain our body weight according to our height. There we can reduce our health problems to most of the extent. I conclude my discussion to the above topic by saying that a regular exercise or yoga and a strict diet and playing sports and regular check ups we can keep our body healthy after all there is an old saying “Health is Wealth”.

Six Obstacles to Networking and How to Overcome Them

Networking is like so many things in our lives – exercise, eating more fiber and less fat, quitting cigarettes, saving money, writing goals – that we know are not only good for us, but are the keys to success. We know because we've often done them enough to see and feel results, but we did not keep up with it. Or we've seen our friends doing these things and enjoying great health. Or we've seen the news articles about the studies that prove these things are beneficial. We've even read the books by the experts and celebrities who clearly spell out these actions and habits as the reason for their wealth, health, and happiness.

We know all this, and we know that networking is a vital business development activity and an important life skill, so why do not we do it? Because there are obstacles in the way of our success, some obvious and some so subtitle that we do not know they are there. Of the six major OBSTACLES to networking, nearly all of them are created inside our own minds. Therefore, it is simple (but although not easy) to change our thinking and to remove them.

The six reasons why we do not network are:

· Misconceptions
· Dislike
· Having no purpose
· Not Knowing How
· No time
· Shyness

Misconceptions
Are you holding onto false beliefs about networking that are mostly negative? Do you think it's just schmoozing, or that it's all about selling, or it's only for outgoing people? Did you try it once and when you did not get results, or did not feel comfortable, you decided it was not for you?

The basis of any of these fallacies is that you believe it does not work or that it will not work for you. This error in thinking that is very easy to disprove. Simply look at the millions of business people who are successful because of the relationships they built through networking. Read books by Dale Carnegie, Harvey Mackay, Andrea Nierenberg, and Keith Ferazzi to be convinced of the value and the principles of networking.

Dislike
Do you dislike networking because you do not feel like selling or being sold to? Do you avoid it because of other people and their poor networking skills? Have you had negative experiences that caused you to have misconceptions about networking?

If you avoid networking because you do not like the way other people do it, you need to radically shift your thinking from annoyance and dislike of these people, to compassion and seeing an opportunity to help them change bad habits. And just like daily life outside of networking, we need to simply deal with those few who do not have good skills and keep searching for the right people to build relationships with. If you've had negative experiences with networking, you need to research your organizations much more thoroughly. We do not eat raw food for the rest of our life because we burned our hand on the stove once. Avoiding networking because of other people is cutting our noses off to spite our faces.

Having No Purpose
Do you see networking as an endless series of pointless cocktail parties full of vapid conversations? Is your contact database not growing or even shrinking as people move away? Do you only network when it's time to change jobs or when business is slow?

If you do not have a strategy and a long-term outlook, you will network based on short-term need, such as losing a job. This can be very unsatisfying because desperation is unattractive. Experienced networkers will avoid your "help me now and I'll forget you later" approach. Harvey Mackay calls it "digging your well before you are thirsty." Your purpose in networking is to build a vibrant, growing, and responsive assortment of relationships you can count on, and who can count on you. The development of mutually beneficial relationships will make every conversation important and purposeful, there will be no more pointless chitchat. Instead, you'll see each time you make contact or converse with someone as another vital but small contribution to the networking structure we are building

Not Knowing How
Do you feel okay with meeting people, but wonder what to do next? Or you are building your contacts, but do not see results from it. Are you unsure what kind of conversation is appropriate if you're not going to sell?

If you lack technique or are unsure how to take networking from the early stages of meeting someone to a defect relationship that is going to create value for both parties, then you may create in your own mind the perception that networking does not work. Or that it's okay for other people who do not have money for advertising, but that it's not necessary for you.

Networking begins with basic social skills such as having conversations that are other-centered. We may feel comfortable in purely social settings like soccer games or birthday parties where we can talk about our children or the happy occasion, but we believe that business networking occasions should be all business. Remember that businesses are run by people, and those people have families, interests, and personal needs. Getting to know someone first is not only perfectly acceptable in the business world, but is the basis of building mutually beneficial relationships.

Once you're comfortable with learning about people for themselves and not as a prospect or sales target, the next step in knowing how to advance the relationship. The most effective and easy way to do this is to give first. Send them information, an invitation or even a referral for business. They will gladly work with you in return.

We sometimes think that we should automatically know how to network just by virtue of being in business, but this is the one topic where there is a gaping hole in our education and training. Financial planning companies are notorious for bringing in their new associates, giving them detailed Financial training, no networking training, and then sending them out to network one of the most difficult industries there is. The range of skills that are needed in networking include conversation skills, the ability to perceive and fill other people's needs, organization, and a clear process for creating a return on the investment of time. This range of techniques requires study and application, like any complex skill.

No Time to Network
Are you ready to network, but you find you just do not have the time? Do you pencil in networking events, but then have too much work to do and can not leave the office?

There are only two reasons you do not have the time to network. Your life may really be so complicated with jobs, second jobs, childcare, or elder care that you typically work 16-hour days every single day of the week. But, if you watch one single hour of mindless television a day, you are just making excuses to not network. You do not lack the time; You just do not want to make the time.

Any busy person who discovered a new passion or a fun new hobby has found that it is possible to find the time when you really want to do something. Suddenly, your schedule opens up, you find new efficiencies, or you are able to reprioritize. If you're not able to do that with networking, revisit your beliefs and your purpose. The time will almost magically appear if you are clearly focused on the value of networking.

There are also ways to be much more efficient and effective with the time you spend networking. Instead of very general events with a random group of people, take time to research exactly whom you need to add to your network and target your networking time accordingly. A leads group is also a time-efficient way to network because it is focused on giving and receiving referrals. You may even want to create your own networking events and activities. This would be a larger investment of time, but the return is much greater when you are the organizer and host.

If you have a short-term perspective, you will feel that the time invested is not paying off. If you think you're wasting time, you will not spend it. But if it is a long-term project that will compound, it is much easier to find the time to invest. We so often have to deal with the urgent tasks that are not important, instead of networking, which is not urgent but very important.

Shyness
Do you feel like you can not be a good networking because you are an introvert? Or do feelings of shyness hold you back from networking? A majority of people in the population report feeling some shyness at different times. These feelings contribute to the misconception that only outgoing people are good at networking. Having no clear purpose and need to work on our social skills can compound feelings of shyness, which are basically a lack of self-confidence. Preparation and planning can create confidence, which causes us to be successful which make us more confident.

There are also networking events that are better suited for a more introverted person. Large, non-agenda mixer meetings can be difficult for anyone if you are unfamiliar with the group. Use the buddy system and focus on smaller, more personal events to build your confidence.

Conclusion
Think carefully about your excuses for avoiding networking in relation to these six common obstacles. Nearly every one of them is founded in the way we think. Once we've removed these obstacles that come between ourselves and our goal of effective networking, our success is assured. Apply diplomacy to make sure you're not allowing bad thinking habits and doubt to creep back in. From now on, it's simply a matter of time and consistent effort.